A rapid spread of COVID-19 in southern industrial complexes of Vietnam is hurting Korean companies.According to a report released by the Ho Chi Minh City Chamber of Commerce on July 25, the virus suspended business operations at 70 (27.5 percent) of the 254 member companies surveyed. The chamber con
The number of COVID-19 infections confirmed after vaccination in foreign countries and quarantine exemption in South Korea is on the increase. More than 60 percent of those cases are related to Chinese COVID-19 vaccines.The quarantine exemption for those vaccinated abroad was implemented on the firs
LG Household and Health Care put up the best performance in the first half of 2021. Its impressive performance was driven by luxury brands and brisk sales in China.The company announced on July 22 that its operating profit reached 706.3 billion won in the first half of 2021, up 10.9 percent from the
The Korea International Trade Association recently analyzed the U.S. Innovation and Competition Act of 2021 and released a report containing the analysis on July 22.According to the report, the act is a kind of legal package for the United States to keep ahead of China in their trade disputes and th
DL E&C announced on July 21 that it has developed an outer wall paint that triples the durability life of buildings compared with existing products.The new paint has elasticity and waterproof properties. It not only enhances the beauty of a building but makes it waterproof.Through the carbonation of
Shares of Medytox crashed on July 21. It was blamed on the news reports that its U.S. patent for botulinum toxin is on the verge of being canceled.Medytox’s stock price closed at 209,500 won on July 21, down by 23,100 won (9.93 percent) from the previous trading day. The stock price plunged at aroun
Roblox opened its subsidiary in South Korea in Seoul on July 16. According to the company, Roblox Korea will support its services related to online games and development platforms and assist in its marketing and e-commerce activities in South Korea.Roblox is growing very rapidly these days as more a
The National Assembly has recently passed a bill designed to prevent attempts to get a drug license in an illegal way.The amended Pharmaceutical Act is called the “Medytox Case Prevention Act,” as it is intended to prevent the recurrence of the Medytox case. Medytox obtained a license for its botuli
Campaign Asia-Pacific and Nielsen announced on July 20 that Samsung topped their Asia's Top 1000 Brands list for this year. The 18-year-old list shows consumer preferences in 14 Asia-Pacific countries, and Samsung took the top spot for the 10th consecutive year this year."Samsung Group is the bi
Korean Air has recently commenced a joint research project with Seoul National University, which was commissioned by the Republic of Korea Air Force, to develop the feasibility of using large commercial aircraft for air launching. As part of the joint research, Korean Air will analyze the Boeing 747
FuturePlay, an accelerator based in South Korea, has signed a memorandum of understanding (MoU) with Bandung Institute of Technology (ITB), a leading national university in Indonesia, to cooperate in discovering early-stage startups in Indonesia.The MoU aims to find talented tech-oriented individual
Korean companies in South Africa, which were damaged by arson and looting last week, have begun to count on the cost and bring the situation under control.LG Electronics announced on July 19 that it will figure out the exact extent of the damage to its Durban TV plant before discussing its next step
Yanolja Cloud announced on July 19 that it has formed a strategic partnership with VNTravel, the largest travel company in Vietnam. Yanolja has recently attracted an investment of two trillion won from SoftBank Vision Fund II and Yanolja Cloud is the company’s business arm newly launched for cloud s
SK Innovation will receive 90 million euros in support funds from the Hungarian government for the construction of a battery plant.The European Commission approved the Hungarian government's plan to pay the subsidy to SK Innovation after a 10-month review since September last year, said SK Innov
The Korea Advanced Institute of Science and Technology announced on July 15 that it has developed nicking and extension chain reaction system-based amplification (NESBA) for high-sensitivity detection of a target RNA in an RNA virus.At present, the standard diagnostic technique for COVID-19 virus de
The Korea Institute of Science and Technology announced on July 15 that it has developed a pretreatment solution that can be used in producing the graphite-silicon cathode of a lithium battery and is capable of increasing its silicon content to over 50 percent. The institute produced a cathode mater
Seoul Viosys has developed a method by which airborne spread of the COVID-19 delta variant can be curbed. The company announced on July 15 that it recently conducted surface sterilization experiments with Korea University and confirmed that its Violeds technology showed a sterilization effect of 99.
As Samsung Electronics is expected to unveil a Thom Browne edition when it launches the Galaxy Z Flip 3 next month, expectations are growing that the smartphone maker may collaborate with such luxury brands as Louis Vuitton and Gucci as well.Dutch IT media outlet Let'sGoDigital recently released
LG Chem has decided to invest six trillion won in secondary battery materials, including cathode materials and separators.LG Chem announced on July 14 that it will invest 10 trillion won in three new growth drivers by 2025 -- eco-friendly and sustainable businesses, battery materials and new drugs.L
Another worker died at Hyundai Heavy Industries (HHI) whose CEO was summoned to a National Assembly hearing in 2021 due to a series of industrial accidents.The worker, who was an employee of HHI’s outside partner firm, was repairing the roof of a painting factory at the HHI plant in Ulsan, when he c