The Incheon Free Economic Zone and the World Health City Forum Organizing Committee are ramping up preparations for the 1st World Health City Forum (WHCF), which will be held at Songdo ConvensiA in Incheon from Nov. 20 to 22.On Oct. 4, a press briefing was held at the Oakwood Premier Incheon in Song
Samsung Biologics announced on Sept. 18 that it has signed a contract manufacturing organization (CMO) agreement worth US$242 million (321.3 billion won) with BMS. The agreement entails the supply of biopharmaceuticals to BMS over the next seven years, extending until 2030.BMS, ranked 7th globally i
A passenger found a shard of glass in a coffee served onboard a Korean Air flight. While drinking the coffee, the passenger discovered the glass piece in their mouth. Fortunately, the passenger was not injured but had to vomit out all of the food consumed on the flight due to safety concerns.Accordi
In response to the rapidly evolving landscape of the logistics sector, characterized by an increase in the value addition of logistics, the integration of advanced systems, and the proliferation of borderless e-commerce, Incheon International Airport is steadfast in its commitment to enhancing logis
On Sept. 13, Doosan Bobcat reported that over a thousand of its employees from business locations in 12 countries worldwide took part in community service activities on Sept. 12. The activities were on a relay that started from Korea and passed through Asia, the Middle East, Europe, Africa, and the
Korea Hydraulic announced that it has developed Korea’s first hydraulic clamp cylinder and is playing a major role in promoting the automation of volume production lines for uses such as automobile fueling.What is more, the company has laid the foundation for its growth as a supplier of energy-relat
On Sept. 7, the Incheon International Airport Corporation announced that Incheon Airport achieved re-certification of the highest level, Level 5, for customer experience during the “5th Customer Experience Global Summit” held in Incheon on Sept. 6.Customer experience pertains to the entire journey,
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.With the resumption of Chinese group tours to Korea, we anticipate a rapid recovery in indicators, led by mass visitors. Particularly positive is the return of customers who have been absent for a l
A Korean Air cargo plane will become the first in Korea to refuel with bio-aviation fuel (SAF) and conduct a test flight.According to the Ministry of Industry, Trade, and Resources and the Ministry of Land, Infrastructure, and Transport on Sept. 5, Korean Air flight KE207, a B777 cargo aircraft taki
LG will establish its first European electric vehicle parts plant in Hungary. The automotive electronics business is LG’s flagship business with a cumulative order backlog of 100 trillion won at the end of the year. The average annual growth rate over the past 10 years has reached 30 percent. LG Ele
A Korean Air passenger airplane from Incheon International Airport to Gimhae International Airport failed to land and returned to Incheon, delaying its arrival at Gimhae by about three hours.According to Korean Air on Sept. 2, a Korean Air passenger flight (KE1419) that took off from Incheon Airport
On Aug. 31, Celltrion announced it has completed the product approval application for its autoimmune disease therapeutic “CT-P43,” a biosimilar of STELARA (ustekinumab), to Australia’s Therapeutic Goods Administration (TGA).Celltrion applied for CT-P43’s product approval in Australia for all indicat
The Ministry of Land, Infrastructure, and Transport (MOLIT) has imposed the maximum 10-month business suspension on GS Engineering & Construction (GS E&C) due to the collapse of an apartment in Incheon’s Geomdan in April. The designer involved in the incident will face either license revocation or a
LG Magna e-Powertrain, an electric vehicle parts joint venture between Korea’s LG Electronics and Canada’s Magnet International, is continuing to invest heavily in overseas factories in China and Mexico.LG Magna recently decided to invest 40.7 billion won (US$30.5 million) in its Nanjing production
A Korean Air passenger plane that was headed to the city of New York in the U.S. had to return to Incheon International Airport due to an aircraft malfunction.According to Korean Air on Aug. 14, its flight with the number KE081 and carrying around 400 passengers took off from Incheon Airport at 10 a
The outline of SK Group’s hydrogen business, one of its future growth drivers, is gradually becoming visible. However, as the hydrogen business is in its early stages, it may take a considerable period of time for the Korean business group to turn a profit.SK Group has recently begun its hydrogen bu
Incheon International Airport Corporation (IIAC) announced on Aug. 3 that it has developed the world’s first Advanced Surface Movement Guidance and Control System (A-SMGCS).The A-SMGCS is a service that provides airlines with real-time information on the ground at the airport. Airlines can receive i
SK Inc. has laid out an ambitious plan to invest 23 trillion won (US$17.82 billion) in eco-friendly initiatives by 2025, with a primary focus on “energy transition.” SK Group Chairman Chey Tae-won has shown keen interest in transforming SK’s business landscape from a petroleum-centric structure to o
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Despite a reduction in daigou-related sales, profitability at Hotel Shilla improved beyond expectations in 2Q23 on an increase in general (high-margin) retail customers amid a recovery in travel demand
The newly appointed CEO, Lee Hak-jae, is set to propel Incheon International Airport’s logistics services into a new era. His leadership promises to infuse fresh vitality into the airport’s logistics operations and fulfill his vision of establishing Incheon as a global logistics hub.Born in 1964, Pr