WiseApp recently conducted a survey and announced on Nov. 8 that Instagram is this year’s most popular SNS for South Koreans in their 10s and 20s.According to the app market research firm, the number of South Korean Instagram users in that age group increased from 7.1 million to 8.48 million from Oc
SK Group and the Korean Committee for UNICEF jointly held the 2022 Child-Friendly Enterprises Forum at the Kensington Hotel in Yeouido, Seoul on Nov. 7 to explore ways to integrate children's rights into business.The group has been leading the Happy Alliance, a social contribution network commit
Daesang announced on Nov. 7 that it would establish a joint venture with a Polish company to set up a kimchi plant in Poland and enter the kimchi market in Europe. The Korean food giant plans to make Poland a production base in Europe. It built a kimchi plant in Los Angeles in March this year to pen
FILA Holdings Corp., which operates the global sports brand, FILA, announced on Nov. 8 its reorganization of key global teams, heralding a shift in marketing and design leadership.The new structure aims to strengthen the company’s organizational capabilities in order to successfully execute its five
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced on Nov. 8 that it is teaming up with head bartender Odd Strandbakken from Charles H. in the Four Seasons Hotel Seoul to offer a special lecture on building a sustainable bar culture.The special lectu
Lotte Mart announced on Nov. 6 that it opened the Food Innovation Lab in Indonesia in October this year to develop home meal kits, including Korean meals, for local consumers.The lab is modeled after the Food Innovation Center in Korea, which is led by chef Kang Leo. It is designed to drive a K-food
SK Bioscience announced on Nov. 2 that it has conducted training on vaccine manufacturing processes for students on a WHO manpower training program at Andong L House, its manufacturing base in Andong, North Gyeongsang Province.The training program was jointly organized by the Korean Ministry of Heal
The Ministry of Land, Infrastructure and Transport announced that a self-driving mobility service was launched in Jeju on Nov. 3.The service on the coastal roads near the airport of the island and in and around its Jungmun Tourist Complex is free until next year. The same service is scheduled to be
Land, Infrastructure and Transport Minister Won Hee-ryong had a meeting with the CEOs of 11 airlines on Nov. 2.“No less than four accidents have occurred in just four months in Korean Air and airlines have to check their safety and security more thoroughly,” he said. Korean Air CEO Woo Kee-hong apol
Aprogen has joined a race to take over a current good manufacturing practice (cGMP) production facility in North Carolina of the United States. The move reflects its strategy to quickly advance into the U.S. market in response to U.S. President Joe Biden’s policy to favor U.S.-made biotech products.
JW Group announced on Nov. 1 that it has signed a joint research contract with KURE.AI Therapeutics, a U.S. biotech venture company, to develop innovative anticancer therapies based on artificial intelligence (AI).Under this contract, JW Pharmaceutical and JW CreaGene will start R&D activities for t
JW Pharmaceutical announced on Oct. 31 that it will make a poster presentation on the results of a preclinical study on JW0061, a Wnt target hair loss treatment, at Wnt 2022, a conference to be held in Japan for five days from Nov. 15.Wnt is an acronym in the field of genetics that stands for 'W
Passengers are worried about flying with Korean Air, as the company's planes have been involved in a recent series of accidents. Industry experts suspect the company may have neglected maintenance and flight-related crew training during the COVID-19 pandemic.A Korean Air flight that departed fro
Nongshim Co., the No. 1 player in the domestic ramen market, is setting its sights on the global market. The company is developing instant noodle products that can fascinate consumers in overseas markets.The Korean ramen market in the third quarter amounted to 1,473.4 billion won, up 4.5 percent fro
Global luxury resort brand Capella Hotels & Resorts broke ground for Capella Yang Yang, its first luxury beach resort in Korea, at Songjeon Beach in Yangyang County, Gangwon Province, on Oct. 27.Some 500 people attended the groundbreaking ceremony, including Kim Jin-ha Kim, governor of Yangyang, Kim
Aekyung Industrial and SK Chemicals have been slapped with a combined fine of 110 million won for falsely advertising that their humidifier disinfectants containing toxic substances were safe and harmless.SK Chemicals and Aekyung Industrial developed humidifier sterilizers containing CMIT/MIT ingred
KT&G has expanded the overseas markets for its cigarette-type e-cigarette Lil to 30 countries through global cooperation with Philip Morris International (PMI).The two tobacco giants signed a product supply contract for overseas sales of Lil in 2020 and introduced the product to Russia, Ukraine and
Coupang Inc., the global parent company of Coupang, announced on Oct. 26 that it has launched its rocket delivery service for customers in Taiwan.Taiwanese customers now can purchase most of the millions of rocket delivery products from Korea. In particular, more than half of the rocket delivery pro
Dong-A ST announced on Oct. 26 that it would purchase treasury stocks worth 10 billion won to enhance shareholder value.The stock repurchase plan will be implemented immediately beginning from Oct. 27. It will be carried out four times in a one-year period. The purchase method is a direct acquisitio
Celltrion Healthcare is in dispute with the U.K. government over a "penalizing rebate."The U.K. government introduced the Voluntary Scheme for Branded Medicines Pricing and Access (VPAS) in 2019, which requires pharmaceutical companies to pay a percentage of their net sales of certain products to th