South Korean drugmaker Daewoong Pharmaceutical Co. said Thursday it has signed deals to sell its type A botulinum toxin drug in New Zealand, Israel and Ukraine.The product, called Nabota, will be available in the three countries as early as 2020 in accordance with the three separate contracts, whose combined value amounts to $12 million, the company said.This photo, provided by South Korean drugmaker Daewoong Pharmaceutical Co., on Dec. 20, 2018, shows its BTX product, Nabota. (Yonhap)Douglas Ph

South Korea’s automakers will see lackluster sales in their three major overseas markets next year as well as at home due to slowing economies, trade disputes and rising lending rates, a research institute affiliated with Hyundai Motor Group said at a seminar Thursday. Hyundai Motor’s Global Business Intelligence Center predicted that vehicles sales in the US would be about 17 million next year, down 1.4 percent from an estimated 17.25 million this year. Sales in Europe would drop 0.2 percent to

Car-sharing services in South Korea on Thursday intensified their marketing efforts while taxi drivers held a massive rally in protest of the planned launch of commercial carpool services.Kakao Mobility offered 10,000 points to carpool drivers who joined its trial service, in addition to 5,000 won ($4.50) worth of points per service, in an effort to encourage them to continue operating despite fierce opposition from taxi driversAnother ride-sharing service, SoCar, offered an 87 percent discount

CJ CheilJedang, a food manufacturing unit of CJ Group, celebrated its 30th anniversary since opening business in Indonesia, seeking to emerge as a world-leading bio firm. “Based on our business operation in Indonesia, CJ CheilJedang could develop as a global bio firm, thanks to hardworking employees at the Parusuan production line. The past 30 years will be a motivation for the next 30 years,” said CJ CheilJedang CEO Shin Hyun-jae, who participated in a ceremony in Parusuan, Indonesia, Thursday.

With Christmas just around the corner, the streets and buildings of South Korea’s capital are ready to embrace the holiday spirit with Christmas trees and twinkling lights.(Park Hyun-koo/The Korea Herald) (Park Hyun-koo/The Korea Herald) (Park Hyun-koo/The Korea Herald)The Seoul Metropolitan Government is holding the 2018 Seoul Christmas Festival until Jan. 1 at Cheonggyecheon, featuring different colored light-emitting decorations along the 1.2-kilometer walkway by the stream at night. Meanwhil

Hyundai Motor Group, the world's fifth-biggest carmaker by sales, said Thursday it is bracing for weak sales in three major markets next year due to the slowing global economy, trade disputes and rising lending rates.In a seminar held at the carmaker's headquarters in southern Seoul, the Global Business Intelligence Center, a think tank under the South Korean carmaker, forecast global vehicle sales will fall 0.1 percent to 92.49 million units in 2019 from an estimated 92.44 million units this ye

LG CNS, an IT solutions provider of LG Group, clinched fourth place in a global competition for artificial intelligence technologies, the company said Thursday. The LG affiliate competed with 340 teams from businesses and research teams around the world at the Adversarial Vision Challenge hosted by the Neural Information Processing System. It finished fourth, trailing behind teams from Carnegie Mellon University, Tsinghua University and Montreal College of Information and Technology. LG CNS was

Incheon International Airport Corp. said Thursday it will invest 4.2 trillion won ($3.7 billion) to build a fourth runway and expand facilities by 2023.  The airport began operations in 2001 and opened its second terminal in January to meet rapid air passenger growth. It currently handles 72 million travelers a year, a number that is expected to grow to 95 million by 2023, the transport ministry said in a statement. (Yonhap)The state-controlled airport operator will inject the money to add a fou

Samsung Electronics Co. said Thursday it will use the New Bixby artificial intelligence platform in devices released before its Galaxy Note 9 flagship smartphone and invite more users to use the latest system.The South Korean tech giant, which launched New Bixby in August alongside its latest high-end smartphone, the Galaxy Note 9, said the application will be provided to users with older devices, including the Galaxy S8 and Galaxy Note 8, by the end of the month.The update will be intstalled wh

Hyundai Capital said Wednesday it has officially launched its car sharing platform Delivery Car on Dec. 7 after running a beta service since September last year.The platform allows customers to have vehicles delivered at a time and place of their choice and to return the car at any location of their choice. The company has partnered with some 200 small and midsized rental car companies nationwide for the service. (Hyundai Capital Newsroom)Since running the beta service, the company has made sign

Daewoo Engineering & Construction Co., a major South Korean builder, has been expanding its corporate social responsibility programs for people with disabilities and other disadvantages ever since 2012.The company has operated CSR programs since 2007, initially involving only volunteer groups within its staff. But six years ago, it expanded its CSR activities to involve all employees in every one of its departments and business units. Daewoo E&C workers and their families paint murals in Seoul a

South Korea aims to have 430,000 electric cars and 65,000 hydrogen-fueled cars on local roads by 2022, according to the Ministry of Trade, Industry and Energy on Tuesday.This is a big jump from previous targets, which were 350,000 electric cars and 15,000 hydrogen-fueled cars in four years. For the same period, the ministry also raised the target for exports of electric cars sevenfold to 250,000 and hydrogen-fueled cars by seventeen times to 5,000. With these adjusted targets, the government sai

‘2019 could be year of hole-punch display’

South Korean builder GS Engineering & Construction has won a construction deal in Yangon, the biggest city and former capital of Myanmar, the firm said Wednesday. The project involves building the Korea-Myanmar Friendship Bridge, which is financed by the Economic Development Cooperation Fund. The fund was set up to promote economic cooperation between South Korea and developing countries.According to GS E&C, it received a letter of acceptance from Myanmar’s Construction Ministry last week for th

Fresh food deliveries, a rise in the number of shoppers in their 60s and e-mobility were among the five keywords that summarize this year’s e-commerce shopping trends, e-commerce company Interpark said Wednesday. According to data compiled by Interpark based on online sales and opinions from its merchandisers, fresh food deliveries have become common services for online shoppers in the past year, mainly due to quick delivery services.Market Kurly, for instance, saw the rapid expansion of its bus