Therawave, a premium home care device brand, which enables the popular dermatological procedure, (Local Dynamic Microwave) lifting conveniently at home, is launching on September 18, 2023, and has appointed Kim Sa-rang as the brand ambassador.Therawave applies the technology of professional medical
JKL Partners, which has entered the race for the acquisition of HMM worth 5 trillion won (US$3.76 billion) after forming a consortium with Harim Group, is accelerating its efforts to secure funding through the sale of Lotte Insurance.According to the investment banking industry on Sept. 19, Private
Korea’s auto exports set a new monthly record in August, marking the 14th consecutive month of double-digit growth since July last year, bringing this year’s cumulative auto exports to US$46.45 billion at the end of August.According to the Ministry of Trade, Industry and Energy (MOTIE) on Sept. 19,
The Hyundai Motor Labor Union announced on Sept. 18 that it held a vote for and against this year’s wage and collective bargaining agreement for all 44,643 members. In the vote, 22,703, or 58.81 percent, of the 38,603 voters voted in favor of accepting the agreement.This year’s agreement includes a
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
KEPCO KPS, led by CEO Kim Hong-yeon, has secured a power plant maintenance contract in South Africa valued at approximately 850 billion won.KEPCO KPS signed an agreement to maintain 16 thermal and nuclear power stations owned by South Africa's electricity company, ESKOM, at a sum of 848 billion won.
The Korea Trade Insurance Corporation (K-SURE) announced on Sept. 18 that it had signed operational agreements with Canada’s Export Development Corporation (EDC) and the U.S. Department of Energy (DOE) on Sept. 13 and 14 (local time), respectively. These agreements are aimed at supporting the expans
'ABSOLUT GROUND MIX WITH STICKY MONSTER LAB', a brand Pop-up store of ABSOLUT, a premium vodka representing Pernod Ricard Korea Co., Ltd. (Hereinafter referred to as 'Pernod Ricard Korea'), has accumulated 10,000 visitors in 23 days since its opening. It was announced on the Sep. 15th that 10,000 pe
Despite the escalating power struggle between the United States and China leading to increased calls for decoupling from China, an analysis suggests that it may not be easy for many countries, including South Korea, among the participants in the Indo-Pacific Economic Framework for Prosperity (IPEF),
SK innovation has achieved success in its recent rights issue by raising nearly 10 trillion won (US$7.51 billion) as it takes steps to secure future growth opportunities.SK innovation announced on Sept. 15 that it had received 9.56 trillion won in subscription deposits for its public offering, which
Hyundai Engineering & Construction (Hyundai E&C) announced on Sept. 17 that it participated in the Poland Krynica Economic Forum as a member of a joint public-private South Korean delegation, where discussions were held with Eastern European countries on strategies for entering the next-generation s
FILA Holdings announced on Sept. 14 it will pay out a special dividend to shareholders, drawing attention to its shareholder-friendly stance at a time when dividends paid by listed firms in Korea have been declining due to sluggish economic conditions.FILA Holdings shareholders at the end of this mo
The French government ordered a halt to sales claiming that Apple’s popular iPhone 12 smartphone, released three years ago, emits radiation levels exceeding allowed standards. The issue is spreading to other European countries, including Germany and Belgium. South Korea’s government has also commenc
HD Hyundai announced on Sept. 17 that the company’s president attended the naming ceremony for the 2,100 TEU-class methanol-fueled container ship Laura Maersk held recently in Copenhagen, Denmark.The ship, constructed by Hyundai Mipo Dockyard, is the first of 19 methanol-fueled ships commissioned to
Even as the Russia-Ukraine conflict continues for over a year, leading to logistical challenges, soaring raw material prices, and high interest rates affecting many businesses, Orion saw record-breaking sales driven by the rising popularity of its Choco Pie product. Increased food demand during thes
ArkData registered Ark for CDC, a real-time heterogeneous data replication solution on NHN Cloud Marketplace.Through this Marketplace registration, customers who need data replication on NHN Cloud can get the service efficiently in a monthly subscription form. Since there is no need for an additiona
Among foreign health insurance dependents, Chinese nationals spent the largest amount of healthcare funds of Korea’s universal health care program in 2022. The amount of healthcare funds spent for Chinese national dependents totaled 1.95 million won (US$1,467) for each one of them, and the contribut
Renault Korea Motors announced on Sept. 15 that Renault Group’s key executives, including Renault Group Vice Chairman Luc Julia, visited Korea to inspect Renault Korea Motors’ new vehicle preparations and showed much anticipation for next year’s Aurora Project models, including a mid-size hybrid SUV
Last year, South Korea’s private debt growth rate relative to its gross domestic product (GDP) was reported to be the highest in the world. While households and businesses are reducing their debt in most countries in the aftermath of COVID-19, South Korea is drawing attention for moving in the oppos
The automotive industry, particularly manufacturers of finished vehicles, is closely monitoring the potential changes in vehicle taxation criteria. The primary focus of these discussions revolves around the proposal to shift towards taxing vehicles based on their market value. This shift is raising