South Korean fashion company ShinWon Corporation (CEO: JJ Park) has announced that they presented the 9th 'House of Love' to an Vietnamese employee who lost their home in a fire.The 'Building Houses with Love' project is part of ShinWon’s social contribution activities that was initiated in 2017 to
Hyundai Motor India, Ltd. (HMIL) is reportedly pushing for an initial public offering (IPO) on the Indian stock market later this year. HMIL is a wholly owned subsidiary of Hyundai Motor Company.According to media outlets in India, HMIL is in early-stage negotiations for an IPO later this year. Hyun
Domestic defense companies such as LIG Nex1, Hyundai Rotem, and Hanwha Aerospace are mobilizing to participate in the Saudi International Defense Exhibition held in Riyadh, the capital of Saudi Arabia, until Feb. 8, aiming to penetrate the Middle Eastern market.According to the defense industry on F
Pernod Ricard Korea, the Korean affiliate of the wine and spirits company Pernod Ricard, joins hands with five leading bars in Korea that pursue sustainability to conduct the responsible drinking campaign “Drink More Water.”Based on “Responsible Hosting,” one of the Group’s Sustainability & Responsi
HD Hyundai is teaming up with global small modular reactor (SMR) leaders to explore the offshore nuclear market.HD Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of HD Hyundai, recently held a technology exchange meeting to jointly develop molten salt r
The government has announced its plan to expand the global Korean cuisine industry to a scale of 300 trillion won by 2027. The strategy involves increasing the number of overseas Korean restaurants to 15,000 and more than tripling the number of Michelin-starred Korean restaurants compared to the cur
Hana Securities announced on Feb. 1 that it is establishing a foreign investment solution team to expand its customer base to non-resident foreigners.Last year, the foreign investor registration system, which had been criticized as one of the obstacles for foreign investors in domestic investments,
SillaJen announced on Jan. 1 that it has applied to the U.S. Food and Drug Administration (FDA) for approval to amend the Investigational New Drug (IND) application for Phase 1 clinical trials of its BAL0891 cancer drug candidate.BAL0891 is a mitotic checkpoint inhibitor (MCI) class anticancer drug
Hironic, a specialist in beauty medical devices, announced the signing of a four-party memorandum of understanding (MOU) on Jan. 31 at the JW Marriott Hotel Seoul with the City of Taylor, Texas in the U.S.; Mastern America LLC; and The Economic Development Corporation (EDC) of Taylor, Texas.This MOU
The U.S. semiconductor equipment industry has voiced the opinion that companies from allied countries, including South Korea and Japan, should also be subject to the same level of comprehensive regulations that they face in the process of exporting to China. There is speculation within South Korea t
U.S. President Joe Biden smiles in the Roosevelt Room of the White House as he listens to a presentation by Chey Tae-won, the chairman of SK Group, via video on July 26, 2023.SK hynix is contemplating the establishment of a semiconductor packaging plant in the United States.According to multiple for
IMM Investment has joined the United Nations Principles for Responsible Investment (UN PRI) to strengthen responsible investment.As of January 2024, IMM Investment announced that it officially signed and completed the formal membership process with the UN PRI. IMM Investment stated that the membersh
Hanwha Ocean and Hanwha Aerospace presented their state-of-the-art defense technologies to Dr. David Perry, President of the Canadian Global Affairs Institute (CGAI), who visited Hanwha facilities from January 23-24. The CGAI is recognized as Canada’s leading source of expertise on global affairs an
The Ministry of Land, Infrastructure and Transport of South Korea announced on Jan. 29 that it will start accepting applications from Jan. 30 for this year’s K-City Network Global Collaboration Project. This initiative aims to establish a smart city cooperation network with foreign nations and suppo
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.4Q23 OP falls short due to inventory adjustments at distributorsAmorepacific posted consolidated operating profit of KRW20.7bn (-64% YoY) on sales of KRW926bn (-15% YoY) for 4Q23, missing our estimate (KRW
Incheon will host this year’s APAC Wind Energy Summit on 26-28 November 2024.The thriving port city in South Korea has abundant potential for offshore wind development and provides the perfect setting for local, national and international groups to come together and drive the region’s offshore wind
In response to a warning from the U.S. Chamber of Commerce that the Korean government’s proposed Platform Fair Competition Promotion Act (Platform Act) could violate trade agreements, the Korea Fair Trade Commission (KFTC) said that it will prick up its ears for stakeholders’ opinions.“We would like
Hanwha Ocean and Hanwha Aerospace presented their state-of-the-art defense technologies to Dr. David Perry, President of the Canadian Global Affairs Institute (CGAI). The CGAI is recognized as Canada’s leading source of expertise on global affairs and Dr. Perry’s visit is timely as Hanwha is laying
비지니스코리아 Jung Min-hee (pr@businesskorea.co.kr)Lotte Group Chairman Shin Dong-bin has expressed his commitment to focusing on nurturing new business ventures while also considering the possibility of selling underperforming businesses. Regarding the management dispute, he stated, “It has been resolved
Despite halting operations at their Russian appliance factories for over a year due to the Ukraine war, Samsung Electronics and LG Electronics have not yet decided to sell. Instead, they are considering minimizing losses by leasing these facilities to local businesses.According to industry sources o