Samsung Display hosted a forum on organic light-emitting diode technology for IT applications in Taiwan on Thursday as part of efforts to expand the market for OLED laptops. Around 350 officials from top-notch laptop makers, such as HP, Dell, Lenovo and Asus, attended the Samsung OLED Forum 2019 in Taipei, the company said. Taiwan is home to some of the world’s largest laptop manufacturers like Lenovo and Asus.  Samsung presented its midsized OLED display technology to clients and pro

LG Chem announced Thursday it has opened a technical service and development center in Osan, Gyeonggi Province, marking the country’s largest petrochemical technology center. The chemical affiliate of LG Group invested 110 billion won ($94.8 million) in establishing the center, it said. The center will be used for developing technical solutions and offering other forms of support for the company’s contractors and clients.  The Pilot building of the center is equipped with produc

FRANKFURT, Germany -- Korean pharmaceuticals’ participation in CPhI Worldwide continues to increase as the companies turn eyes to overseas trade in the face of domestic market limits. At the Korea Pavilion for CPhI Worldwide 2019, created in joint effort by the Korea Pharmaceutical Traders Association and Korea Trade-Investment Promotion Agency, 35 firms opened booths to exhibit their products and hold business meetings with global clients.The CPhI Worldwide 2019 was held from Tuesday thro

South Korea's main airport operator said Thursday it has signed an initial agreement with the Portland airport as it strives to attract new routes from North American carriers.In an event held at a hotel in Incheon on Wednesday, Incheon International Airport Corp. signed a memorandum of understanding with Portland International Airport in the US state of Oregon to conduct joint marketing activities to lure new airline customers and their routes in the United States and Canada, IIAC said in a sta

Major telecom operator KT Corp. and leading shipbuilding conglomerate Hyundai Heavy Industries Group said Thursday they will step up collaboration to develop advanced smart factory solutions based on the 5G network to improve efficiency and safety. In May, the two companies signed a memorandum of understanding to join forces for a 5G-based smart factory. They have been working on projects to combine KT's 5G network, artificial intelligence and big data technologies with Hyundai Heavy Industries'

Hanwha Aerospace Co., a defense industry unit of South Korea‘s Hanwha Group, said Wednesday it has signed a $1 billion deal to supply aircraft engine parts to British airplane engine maker Rolls-Royce. In the contract, Hanwha Aerospace will provide turbine seal segments to Rolls-Royce, the world’s third-largest maker of aircraft engines after General Electric Co., for 25 years starting in 2020, the company said in a statement.“The deal is a big achievement for the company as tu

Han Sung Motor, the largest Mercedes-Benz dealer in South Korea, has appointed Han Jong-moon, a former CEO of MFG Korea, as vice president of sales and marketing, the company said Wednesday.Han served as chief operating officer of Han Sung Motor prior to his CEO post at MFG, an operator of local restaurant chains. He has taken charge of the dealer’s sales and marketing since September.  With the appointment, Han Sung Motor expects to strengthen its business, citing Han’s previou

Labor management, R&D environment, language barrier cited as challenges for foreign investors

SPC Group, a South Korean bakery and confectionary company that operates 60 brands worldwide, received the best partnership of the year award from the Global Restaurant Leadership Conference, a leading global food service conference, the company said Wednesday.The GRLC is the largest conference in the world for the global food service industry, held annually since 2016. SPC is the first Korean recipient of the award, the company added. The conference awards restaurant brands that excel in the gl

Top Korean CDMO adds biosafety testing service to its portfolio for end-to-end client solutions

New ones crop up even as many shut shop due to losses

KAC expands into region with deal to build Peru’s Chinchero-Cuso airport

A trend in corporate social responsibility among South Korea’s leading businesses is to provide their signature electronics devices to improve people’s daily lives or work environments, according to the industry on Wednesday. Samsung Electronics, the nation’s top conglomerate with a range of tech affiliates, said it plans to donate a total of 1,000 sets of thermal imaging cameras and other communications equipment for emergency situations to every fire station across the countr

Asiana Airlines said Wednesday it has been bolstering its competitiveness and rolling out cost-cutting measures ahead of selling its controlling 31 percent stake.With the recovery of passenger traffic on its Chinese routes, Asiana is hoping to see a rebound in its earnings. About 578,000 Chinese tourists visited South Korea in August, increasing to the level before the conflict between Seoul and Beijing on the THAAD missile defense system in 2017. The carrier has also appointed separate managers

Full-service air carrier Asiana Airlines said Wednesday that it took part in charity work at a child care center in Ho Chi Minh City, Vietnam, Tuesday, as part of its ongoing corporate social responsibility activities to assist children from low-income families. The South Korean air carrier said a volunteer team made up of Asiana employees visited the Thao Nguyen Xanh Center, a child care facility in the Vietnamese city, along with Communication Executive Director Cho Young-seok, UNICEF&rsq