Coway Co. unveiled its latest environmental home appliance innovations at the Consumer Electronics Show (CES) 2022 on Jan. 5.The company exhibited its latest innovations in mattresses, water purifiers, air purifiers, and bidets.To engage with more people worldwide, Coway is featuring exhibited produ
Hanmi Pharmaceutical has exported a new drug candidate, which it licensed from a U.S. company six years ago, to a Chinese corporation.This is the first time that Hanmi Pharmaceutical has exported a new drug technology acquired from outside.Hanmi Pharmaceutical announced on Jan. 3 that it signed a co
HYBE has released pajama and pillow products and the products are causing controversy for unusually high prices. Each of the two pajama products has a price of 119,000 won and the price of the pillow is 69,000 won.According to the company, BTS member Jin participated in the planning of the products.
An increase in consumers' use of paid membership in the e-commerce market is fueling competition among e-commerce companies over service fees and benefits.Coupang's Wow membership is currently considered the most reasonable e-commerce paid membership. It offers a variety of benefits in shopp
The Korea Customs Service announced on Dec. 30 that 13,076,000 South Koreans conducted overseas direct purchase at least once between January and November this year.According to it, those in their 40s account for 32.3 percent of them, followed by 30s (30.5 percent), 50s (15.6 percent) and 20s (14.7
Seegene announced on Dec. 29 that it will export 1.7 million doses of COVID-19 diagnostic reagent Allplex SARS-CoV-2 Master Assay, which can diagnose the Omicron variant of the COVID-19 virus, to Israel through a chartered airplane.Earlier this month, the company shipped 2.8 million doses of the Omi
EOFlow Co., a Korean pharmaceutical company specializing in wearable drug delivery solutions, announced on Dec. 28 that its wholly owned U.S. subsidiary, EOFlow Inc. has signed an agreement to establish a joint venture in the U.S. with the U.K. biotech firm Zihipp Limited, a spin-off from Imperial C
NCSoft’s massively multiplayer online role-playing game (MMORPG) Lineage W has started to strengthen its position as a global intellectual property (IP).Lineage W is the latest installment of the Lineage series and was produced for the global market from its planning stage. It was launched in 12 cou
LegoChem Biosciences has licensed out an anti-cancer drug candidate to a British pharmaceutical company in a deal worth up to 1.12 trillion won (US$944.3 million), the Korean biotech company announced on Dec. 27.LegoChem will receive US$50 million in down payment and technology fees, and up to US$1
The Korea Railroad Research Institute announced on Dec. 27 that it has developed an IoT technology for non-contact and automatic fare payment based on smartphone recognition.“The current recognition range of the smart payment system is about three square meters,” the institute said, adding, “We are
SK Bioscience announced on Dec. 24 that it has signed a contract manufacturing organization (CMO) and licensing deal with Novavax for the production and global supply of the U.S. biotechnology company's COVID-19 vaccine NVX-CoV2373. The contract will run until December next year.Under the contra
Pernod Ricard Korea’s coffee liqueur Kahlua, the number one of its kind in the world, announced that it is once again conducting its “Coffee Goes Cocktails’ promotion presenting Kahlua coffee cocktail menus at nine cafes in Seoul for 30 days starting Dec. 27.With the culture of ‘Home cafe’ becoming
SK Biopharmaceuticals announced on Dec. 23 that it has licensed out Cenobamate technology to Endo International, a specialty pharmaceutical company based in Dublin, Ireland.Cenobamate is a medication used for the treatment of partial-onset seizures, a kind of epilepsy. It is sold under the brand nam
SK Bioscience announced on Dec. 21 that it has started a project to develop a general-purpose vaccine that can respond to both the COVID-19 virus and its variants such as Omicron and Delta. To this end, it will receive US$50 million in initial R&D expenses from the Coalition for Epidemic Preparednes
Wemade Entertainment announced on Dec. 20 that it will acquire SundayToz, which is famous as the developer of Anipang Game.According to the announcement, Wemade Innovation, a subsidiary of Wemade Entertainment, will acquire two million shares (20.9 percent) of SundayToz from Smilegate Holdings for 8
The Ministry of Trade, Industry and Energy and the Korea Biotechnology Industry Organization announced that exports from the biotech industry of South Korea increased 53.1 percent to 10.0158 trillion won last year and imports in the industry increased 13.4 percent to 2.3424 trillion won in that peri
Tofu Bar, a new-concept health snack made by Korean food company Pulmuone, has captivated Japanese tastes, becoming the best hit product at convenience stores in Japan.Pulmuone announced on Dec. 20 that its Tofu Bar was selected as the best hit product for 2021 at convenience stores by Nikkei Trend,
The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency announced on Dec. 20 that sales of Korea's game industry increased 21.3 percent to 18.8855 trillion won last year and exports from the industry increased 23.1 percent to 9.6688 trillion won in that period.The perfo
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, is conducting a professional training entitled “The Bar World of Tomorrow.”Starting from January, the training will be offered free of charge to bartenders and bar owners in Korea seeking to build a sustainabl
The immense popularity of Choco Pie in Russia has boosted the annual sales of Orion's subsidiary in Russia to over 100 billion won. Orion's strategy of launching various chocolate pies containing jam to match the Russian food culture of enjoying tea and cake together paid off handsomely.Orio