The Financial Supervisory Service announced on Sept. 18 that Nike Korea’s sales increased 15 percent year on year to 1.6749 trillion won in its 2022 fiscal year (June 1, 2021 to May 31, 2022), in which its operating profit increased 230 percent to 95.9 billion won and its net profit increased from l
Dong-A ST announced on Sept. 15 that it has signed a global license-out and equity investment contract with NeuroBo Pharmaceuticals of the United States on Sept. 14.Dong-A ST has licensed out DA-1241, a treatment for type 2 diabetes and nonalcoholic steatohepatitis, and DA-1726, a treatment for obes
NESTYLE, Inc. has launched Collery, an artificial intelligence (AI)-based content creation platform for single creators. Since most types of content are created by single creators, the company launches Collery to help them spread their content through the platform.NESTYLE is a startup established by
Hanmi Pharmaceutical has obtained U.S. approval for its neutropenia treatment Rolontis, opening a new chapter in its R&D history. It is the first drug that Hanmi has succeeded in commercializing in the global market.Spectrum Pharmaceuticals, a U.S. partner to which Hanmi Pharmaceutical licensed out
Chong Kun Dang announced on Sept. 13 that it shared the results of the Phase 1 clinical trial on CKD-702, a new anticancer dual antibody biotech drug, at the European Society for Medical Oncology (ESMO) annual conference held in Paris, France from Sept. 9 to 13.Since May 2020, Chong Kun Dang has bee
U.S. President Joe Biden signed an executive order on Sept. 12 to launch the National Biotechnology and Biomanufacturing Initiative, which is for boosting production in the U.S. pharmaceutical and biotech sectors. The idea is to build new supply chains and create decent jobs in the sectors to rely l
Pernod Ricard Korea announced on Sept. 14 the launch of three 'KINOBI Gins,’ premium gins inspired by the nature and traditions of Kyoto, Japan.The gins are crafted in Kyoto, a Japanese city with a blessed natural environment. Cultural capital for over a thousand years, Kyoto embodies the quinte
Multiple foreign pharmaceutical companies in South Korea are receiving voluntary retirement applications. Although they are mentioning HQ reorganization as their reason, employees are claiming that the companies are undermining employment stability despite stable business figures.Novartis Korea rece
Coway Co. has received esteemed awards for the NOBLE range’s design excellence at the International Design Excellence Awards (IDEA) 2022, the company announced on Sept. 13.Hosted annually by the Industrial Designers Society of America (IDSA), IDEA is one of the most influential design awards program
Kolmar Korea will develop and supply private brand (PB) cosmetics to the United Arab Emirates Business Point Consultancy (UAE BPC), a government-backed trade and business institution in the UAE.The company announced on Sept. 7 that UAE BPC chairman Abdullah Al Maini, UAE BPC CEO Ahmed Al Ali, and In
WeMade announced on Sept. 6 that it has made a strategic investment in Metaverse Magna (MVM), a play to earn (P2E) guild project in Africa.According to WeMade, MVM's parent company, Nestcoin, invests in and support cryptocurrency projects in Africa.MVM is Africa's first and largest gaming de
Daewoong Pharmaceutical announced on Sept. 6 that it has launched the 4th class of the Daewoong Global Drug Delivery System (DDS) Training Program for talented students from Indonesia. A scholarship awarding ceremony was held at the Daewoong Pharmaceutical R&D Center on Sept. 5 with the attendance o
Perrier-Jouët, Pernod Ricard Korea's champagne brand, announced on Sept. 7 that it has donated 5 million won, which was raised through a consumer engagement event in the Perrier-Jouët pop-up store, to the Biodiversity Foundation.Perrier-Jouët operated the "I am Nature" pop-up store at The Hyunda
The Metropolitan Museum of Art announced on Sept. 6 that Michael ByungJu Kim, chairman and founder of MBK Partners, has pledged US$10 million to support the renovation of the museum’s Oscar L. and H.M. Agnes Hsu-Tang Wing for modern and contemporary art.In celebration of the outstanding gift, the mu
McDonald’s, Burger King, Mom’s Touch and KFC have been put up for sale. According to investment banking sources, the estimated price of Mom’s Touch is approximately one trillion won and those of McDonald’s, Burger King and KFC are 500 billion won, 700 billion won and 100 billion won, respectively.Th
With innovative updates to the packaging of its key whisky brands, the company expects to reduce 35 tons of cardboard boxes and 3.6 tons of wrapping fabric per year.The Company will reduce its secondary packaging, such as cardboard boxes, for its key whisky brands such as Ballantine’s and Royal Salu
The International Union for Conservation of Nature announced on Sept. 4 that washed microfibers account for 35 percent of marine microplastics. According to it, washing of synthetic fiber clothing leads to fiber decomposition and the resultant microplastics flow to the sea. According to experts, was
Korea BeRM Co., a company specializing in postbiotics, has signed a strategic cooperation agreement with the official Korean partner of Germany’s leading health food brand, Rabenhorst & Rotbäckchen.Germany’s leading health food brand Rotbäckchen, symbolized by a girl with her blue headscarf and rosy
Coway Co. unveiled its latest home health appliances at IFA 2022 on Sept. 2. The exhibition featured 22 innovative home appliance products, including 14 air and 8 water purifiers.The main highlight of the exhibition, however, is the highly-esteemed Coway Airmega air purifiers that are now available
Amorepacific will take over Tata Harper, a luxury clean beauty brand in the United States.Amorepacific announced on Aug. 1 that it would acquire a 100 percent stake in Tata's Natural Alchemy, the operating company of the Tata Harper skin product brand. Amorepacific raised about 168.1 billion won