CJ Freshway’s 2022 ESG Report has received the Gold Award at the 2023 Spotlight Awards organized by the League of American Communications Professionals (LACP), a prominent U.S. communications association. The report also earned a place in the Worldwide TOP 100, a selection of the top 100 outstanding
LS MnM is planning to invest 1.16 trillion won (US$897.14 million) in building a new secondary battery material factory in Saemangeum.On Nov. 29, LS MnM announced that it has signed a memorandum of understanding (MOU) for investment in the construction of a production facility for high-purity metall
Lotte Property & Development Co. (Lotte P&D) has announced that Lotte World Tower is displaying the message “BUSAN IS NO.1” on its exterior media facade in support of the last-minute bid for the 2030 Busan World Expo. Since Sept. 18, the tower has been broadcasting phrases like “BUSAN IS READY” and
SK Earthon, an exploration and production (E&P) subsidiary of SK Innovation, has successfully discovered crude oil in an offshore block in Vietnam after four years. The discovery was made during the exploration stage, which is the first step in resource development, following the success of crude oi
Consumer dissatisfaction with Dyson, a British brand that prides itself on being a “premium home appliance” maker, has significantly increased this year.According to a Korea-based consumer group on Nov. 15, complaints related to Dyson filed with the “1372 Consumer Counseling Center” reached 864 case
An autonomous driving shuttle will be piloted at Incheon Airport. The airport plans to expand its use after piloting two self-driving shuttles connecting Terminal 1 and a long-term parking lot.Incheon International Airport Corporation announced on Nov. 2 that it will allow a test pilot program for a
SK pharmteco will participate at the CPHI 2023 in Barcelona and prepare a dedicated booth at the event. As a multi-modality CDMO with expertise in small molecule active pharmaceutical ingredients (APIs) and biopharmaceuticals, SK pharmteco aims to present its business competitiveness and actively pu
Worries have surfaced that South Korea’s steel industry, which relies heavily on blast furnaces, could face significant challenges amid speculation that the United States and the European Union (EU) are discreetly working on standards for an “Eco-friendly Steel Club” that may be advantageous to thei
SK on has secured the top position in Fortune’s “Change the World” list, an accolade that recognizes the world’s most innovative companies. This achievement marks the highest-ever ranking for a global battery manufacturer.On Sept. 27 (local time), Fortune unveiled its list of “2023 World-changing In
Cleveland Avenue, a prominent Chicago-based venture capital firm specializing in investments within lifestyle consumer brands and pioneering technology companies that positively disrupt large and growing markets, hosted CA Tech X Asia in collaboration with Shinsegae at The Devil's Door in Seoul toda
Answering AI startup, 42Maru, announced its participation in Global Mobile Vision 2023 (GMV 2023) to be held at the Grand Hyatt Seoul from Sept. 12 to 13.Celebrating its 16th year, GMV 2023 is an ICT-focused export consultation event hosted by KOTRA in collaboration with institutions such as Naver C
Lotte Fine Chemical announced on Aug. 30 that its Sustainability Management Report, published in June this year, has received simultaneous recognition for the third consecutive year at the “2023 ARC Awards” and the “2023 LACP Vision Awards.”The ARC Awards is an annual global competition for sustaina
Taihan Cable & Solution has successfully developed the world's most advanced HVDC cable.Taihan (CEO Song Jong-min) announced on August 2 that it has completed the development of a 525kV VSC (Voltage Source Converter) HVDC (High Voltage Direct Current) land cable system and obtained international
Medytox has claimed victory in a three-year legal battle against the Ministry of Food and Drug Safety (MFDS) over a request to cancel the revocation of its botulinum toxin product license. Other pharmaceutical and bio companies that have had their licenses revoked for the same reasons as Medytox are
Competition between Samsung, LG, and Sony is intensifying over the development of Micro Organic Light Emitting Diodes (OLEDs). The relevant market is forecast to grow rapidly as Apple adopts Micro OLED for the display of its Mixed Reality (MR) headset.According to the display industry on July 3, App
The Korea National Railway announced on June 22 that it has secured the “High-speed Railway Design Services” contract from Centralny Port Komunikacyjny (CPK), Poland’s New Airport Corporation, for 43.2 billion won (US$36.5 million).This project marks the first entry of the Korea National Railway int
Samsung Electronics is set to supply Hyundai Motors with its Exynos Auto V920, an application processor (AP) which serves as the “brain” of the vehicle. This semiconductor handles the real-time operating information of the vehicle and processes high-definition videos and games that can be enjoyed wi
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May
The Korea National Railway announced on May 23 that a consortium, which has bid 43 billion won (US$33 million), was selected to participate in the bid for design services for a high-speed railway between Katowice and Ostrava. This bid was issued by the Solidarity Transport Hub (STH) in Poland in Feb
According to industry sources on the 17th, the U.S. International Trade Commission (ITC) has determined that automotive component companies from Taiwan and the United States have infringed upon multiple patents held by Hyundai and Kia.On the same day, the ITC announced through a public notice that t