Korean biopharmaceutical company Celltrion’s distribution arm Celltrion Healthcare said Tuesday that it has joined Australia’s Generic and Biosimilar Medicines Association to prepare for direct sales of its biosimilars Truxima and Herzuma in the country.Celltrion Group’s three main biosimilars -- Remsima, Truxima and Herzuma -- are currently estimated to be worth 330 billion won ($280 million) in the Australian market. Autoimmune diseases treatment Remsima was launched as Infle

LG CNS will provide free coding training to elementary and middle school students from Tuesday at Sejong University as part of its corporate outreach, the company said Tuesday.The four-day, three-night “IT Dream Project” is LG CNS’ yearly summer project that began in 2017. LG CNS has so far provided the program to some 7,500 middle school students across 60 schools in Korea.“The advent of mandatory coding classes from elementary school has led to a market for costly priva

Market saturation, competitive delivery service cited as reasons

LG Chem said Tuesday the company is holding the second Global Innovation Contest to discover new technologies and ideas from universities and institutes around the world. The South Korean petrochemicals and energy solutions developer started receiving innovative ideas in the fields of petrochemicals, electronic batteries, advanced materials and biotechnology. Recruitment will run until Sept. 30. Graduates and professional researchers in the aforementioned fields are eligible to apply for the con

It is no easy decision for a brand to abandon its original concept and transform a product lineup, especially when it comes to a luxury whisky.Royal Salute, whose distillery dates back to 1801, is best known for being the only scotch whisky in the world with a lineup that begins from 21 years of maturity. The Royal Salute 21 Year Old was launched in 1953 to commemorate the coronation of Queen Elizabeth II, named after the traditional 21-gun salute.Making a twist to its rich heritage, the br

More South Koreans are utilizing social media for sources of entertainment contents than as a means of communications with friends, according to a report released by DMC Media on Monday.According to the survey conducted on 1,000 people here aged between 20 and 60 over the last month, “viewing casually entertaining contents,” selected by 64 percent of the respondents, was the most popular reason for using social media. Other popular reasons for visiting social media platforms included

LG Electronics said Monday the company will launch the latest models of its artificial intelligence TVs with Arabic language options in the Middle East market this month, starting with Saudi Arabia. The LG TVs will be the world’s first to offer Arabic as a language option for the AI platform voice controls. The Korean company is releasing organic light-emitting diode TVs and liquid crystal display-based NanoCell TVs in the Middle East market, both equipped with LG’s AI platform LG Th

Samsung Electronics is not considering making additional investments in the United States as a plausible measure against the ongoing exports curbs by Japan, according to company officials Monday. Some news reports said the South Korean tech giant is considering expansion of its system-on-chip and foundry facilities in Austin, Texas, to fend off the impact of the Japan-imposed restrictions on exports of key chipmaking materials. Samsung had discussed making additional investments in the Austin pl

British American Tobacco Group has named Kim Eui-soung, a cross-border industry marketing expert, as new chief executive officer and president of its South Korean unit, the company said Monday.Kim replaces Matthieu Juery who led BAT Korea for two years, becoming the first Korean head of the tobacco maker’s local unit launched 29 years ago. The change comes amid intensifying market competition in the fast-changing tobacco market here along with the rise of new types of cigarettes. BAT Korea

Operating profit surpasses W1tr for first time in 7 quarters

A growing number of South Koreans are changing their holiday destinations from Japan to other countries, with a major travel agency on Monday saying demand for tours fell nearly 50 percent, along with increasing booking cancellations. A boycott of Japanese products, fueled by Tokyo’s decision to curb exports of high-tech materials to Seoul, has spread to the tourism sector, causing Koreans to turn away from the popular travel destination. Since July 8, a daily average of 500 cons

Amid escalating trade tension between South Korea and Japan, the Trade Ministry here said Monday its senior official would participate in the World Trade Organization’s General Council on Tuesday to better respond at the scene due to the gravity of the issue. Kim Seung-ho, deputy minister for multilateral and legal affairs, will participate in the general council, the highest decision-making body, in Geneva. The council is slated to discuss the two nations’ trade dispute at its meeti

Fast Retailing Co., which owns Japanese fashion brand Uniqlo, on Monday issued an apology for remarks by its executive that have drawn criticism from South Korean consumers amid ongoing trade friction between Tokyo and Seoul.On July 11, Takeshi Okazaki, CFO of the Tokyo-based fast fashion brand, said during an earnings press call that the impact of the current boycott by South Korean customers of Japanese goods will not last long.In a statement released both in Korean and Japanese, Uniqlo apolog

Automaker Renault Samsung said Monday it has partnered with telecom firm KT to provide Easy Link, a “vehicle infotainment” system utilizing voice assistant technology.Easy Link is a new in-vehicle system that provides a combination of information and entertainment to car users. It will be equipped on the upgraded QM6, the company’s most popular midsized sport utility vehicle model that was unveiled in June. According to Renault Samsung, with a simple call to Giga Genie, KT&rsqu

Lee Seok-hee, the CEO of South Korean memory chip maker SK hynix Inc., flew to Japan Sunday to discuss resourcing in the wake of the Japanese government's tighter regulation on exports of critical semiconductor materials to South Korea. Early this month, Japan imposed stricter regulations on exports to South Korea of three materials -- resist, etching gas and fluorinated polyimide that are critical for the production of semiconductors and flexible displays. Tokyo is reportedly planning to expand