SK Global Chemical said Wednesday it is participating in a plastic and rubber trade fair in Germany to promote its packaging and automotive materials globally.According to the chemical affiliate of energy giant SK Innovation, it is taking part in this year’s K Show in Germany’s western city of Dusseldorf from Wednesday to Oct. 23.  The firm’s two key businesses are being promoted via separate booths with different themes: one-stop packaging solutions and eco-friendly, ultr

PMG Investment Solutions’ head of health care investment says investors need to understand science better

Rivals take tougher stances as contradictory DNA expert reports submitted to ITC

With cloud computing technology advancing at a rapid pace, South Korean companies are also transforming the way they handle their data and operations.SK Group’s IT service affiliate SK C&C said Monday it plans to convert 80 percent of its parent company’s business operations to a cloud-based system. For this, it has acquired about 20 percent stake in local cloud service provider Glucose. The decision is designed to integrate Glucose’s Microsoft Azure cloud computing service

South Korean steelmaker Posco announced Tuesday it has bagged the innovation prize at the 10th Steelie Awards for its eco-friendly advanced resolution printing technology. This year’s Steelie Awards, hosted by the World Steel Association (worldsteel) was held Tuesday in Mexico’s northeastern city of Monterrey. Posco Group Chairman Choi Jeong-woo attended the awards ceremony.  Posco’s advanced resolution printing technology dubbed Posart, allows the firm to print high-defin

The spat over TV technology between South Korean tech giants Samsung and LG has continued online, with Samsung hinting at the burn-in problem of LG’s organic light-emitting diode TVs, according to industry sources on Tuesday. Samsung recently posted a 50-second video clip on its YouTube channel, titled “TV Burn-in Checker.” Burn-in, widely known as a major weakness of OLED TVs, refers to the discoloration of pixels caused by displaying static images due to the characteristics o

FOREIGN COMPANY DAY -- Winners pose for a photo on 2018 Foreign Company Day in Seoul on Nov. 5, 2018. This year on Nov. 4, the Ministry of Trade, Industry and Energy is hosting 2019 Foreign Company Day at Grand InterContinental Seoul Parnas. Organized by the Korea Foreign Company Association, the annual event is held to acknowledge foreign-invested companies and related organizations that have contributed to the domestic economy. (FORCA)

SK Global Chemical is set to acquire French chemical firm Arkema’s functional polyolefins business, in the latest move to boost its packaging business, the firm said Tuesday. The acquisition, worth 335 million euros ($369 million), is expected to be finalized by the second quarter of next year. The proposed deal is currently under review by antitrust authorities.“This will give SK Global Chemical the competitive edge in American and European markets, where packaging industries are hi

GS Caltex, a local oil refiner that has a vast network for energy distribution here, will open its first hydrogen refilling station in Seoul at a retail outlet that also houses other sources of energy such as electricity, liquefied petroleum gas and gasoline.Calling it Total Energy Station, the planned station will be built on 3,300 square meters in Gangdong, southeastern Seoul, to provide all sorts of energy needed for ground transportation. It will start operation in December.The hydrogen refi

Hyundai Motor to invest W41tr by 2025 for development of future mobility services

Daimler Mobility AG -- a subsidiary of Daimler AG, which owns Mercedes-Benz -- has established Mercedes-Benz Mobility Korea to offer mobility solutions in Korea, the firm said Tuesday.The new entity by the mobility unit of the Daimler AG, which recently changed its name from Daimler Financial Services AG to Daimler Mobility AG, will focus on providing digitalized customer service and premium mobility products, MBMK said. MBMK will kick off in Korea with the launch of a premium long-term car rent

LG Chem was the biggest beneficiary of government subsidies for innovative pharmaceutical firms last year, according to the National Assembly’s Health and Welfare Committee on Tuesday. The government doled out subsidies of 92.2 billion won ($78 million) to 45 pharmaceutical firms carrying out innovative projects in 2018. LG Chem got 13.6 billion won, followed by Daewoong Pharmaceutical (9.2 billion won), Chong Kun Dang (9.1 billion won), Viromed (8.9 billion won), Celltrion (6.8

Samsung C&T Corp., a construction and fashion unit of Samsung Group, said Tuesday that it aims to accelerate the global expansion of its fashion brand BEANPOLE through renewal efforts.Celebrating its 30th anniversary, BEANPOLE announced its renewal move to rebrand as a "heritage" brand that embraces South Korea's unique culture and sentiment. "BEANPOLE will be reborn as a heritage brand based on our country's unique culture and sentiment," creative director Jung Ku-ho tol

Low-cost carriers are expected to continue to lead the growth of South Korea’s flight industry and to expand the country’s passenger transport capacity and air traffic, an executive from American aircraft manufacturer Boeing said Monday. Randy Tinseth, Boeing’s vice president of commercial marketing, said in a press conference in Seoul that South Korea’s low-cost carriers lead the market in Northeast Asia, accounting for 65 percent of the region’s total capacit

　Viva Republica has been picked as the preferred bidder for LG Uplus’ mobile payment business unit, according to industry sources Monday.　The operator of mobile payment app Toss is expected to sign a deal worth more than 300 billion won ($253.6 million) within this month. The two companies have not yet confirmed the agreement. 　“The bottom line is whether Viva Repblica can secure that much amount of money to fund the acquisition,” said an industry source. “We ha