Steel giant aims to become global top 5 in production capacity, No. 1 in profitability

Daewoong Pharmaceutical said Thursday its US partner Evolus’ botulinum toxin treatment program using its Nabota, or Jeuveau, has secured over 600,000 subscribers in the US. Daewoong added that 96 percent of patients enrolled in the botulinum toxin program have returned for a second injection, promising Nabota's further growth in the US market. Evolus is a California-based performance beauty company that is responsible for sales of Daewoong Pharmaceutical’s Nabota in the US marke

With production set to start Q2 2024, carmaker looks to receive IRA tax incentives

SK chief, who doubles as KCCI chairman, predicts another 6 months or a year for chip recovery

South Korean battery materials company EcoPro said Thursday it will invest 2 trillion won ($1.6 billion) in an industrial complex in Pohang, North Gyeongsang Province, to boost an ecosystem for developing cathode materials for rechargeable batteries. The company signed a memorandum of understanding with the city and provincial governments. The 2 trillion-won funding is the city’s largest-ever single deal secured. Under the agreement, EcoPro plans to invest 2 trillion won over a period of f

Hotel Shilla CEO Lee Boo-jin, the elder sister of Samsung Electronics Chairman Lee Jae-yong, was spotted meeting with Geraldine Guyot-Arnault, co-founder of French fashion label Destree, in Seoul, Wednesday. Guyot-Arnault, the third daughter-in-law of Bernard Arnault, the CEO of luxury conglomerate LVMH Group, was photographed with Lee at her brand’s launch party. The party was held to celebrate a pop-up store at a Hyundai Department Store branch in southern Seoul, according to her Instagr

Celebrating two years in office, Chairman Shin vows to become No. 1 ramen seller in US

Posco International said Wednesday that its women's table tennis team Spinners and national players of Korea Bobsleigh Skeleton Federation jointly participated in plogging -- a combination of jogging with picking up litter -- alongside its employees and executives at a mountain in Pyeongchang, Gangwon Province. This activity aligned with the company’s environment, social, and governance goals, while bringing together athletes that the company has long been funding since 2011 under i

US state’s top policymaker vows full support for Samsung SDI-GM joint venture to generate high-paying jobs

South Korean ICT start-up I&OK said that it has inked an agreement with global artificial intelligence-based company iStaging to establish a joint venture called iStaging Asia. The signing event was held at I&OK's office in Seoul on July 3, with top executives including I&OK CEO Song Min-jae and iStaging’s CEO Johnny Lee in attendance. Under the agreement, iStaging Asia aims to collaborate with leading retail and financial companies in Korea to operate metaverse business

South Korean cargo carrier Air Incheon said Wednesday it has launched a new route connecting Incheon and Kuala Lumpur, its second route to a Southeast Asian country following the first one between Incheon and Hanoi. The company said it plans to operate one flight over five days a week, from Tuesday to Saturday. Each flight will take off at 11 p.m. from Incheon Airport, stop for a layover at Haikou, China, and arrive at Kuala Lumpur International Airport at 7:20 a.m., Malaysia Time. According to

Starbucks Korea will release a limited edition of three popular beverages in a size called "trenta" that is almost 1 liter starting from July 20 to Sept. 30, to commemorate its 24th anniversary of opening in the country. The trenta size will be available as to-go only at select locations, and offered as an option for three popular Starbucks beverages: Cold Brew, Iced Grapefruit Honey Black Tea, and Strawberry Acai Starbucks Refreshers Beverage. The trenta size is currently only availab

HiteJinro’s new beer brand Kelly sold 100 million bottles in 99 days since its market debut in April, according to the nation’s top beverage company Wednesday. Some 3.3 million boxes of Kelly, HiteJinro’s sixth beer brand and the first lager beer, were sold as of Tuesday. The company said the upbeat sales figure equates to 11.7 beers sold every second or 2.3 beers consumed by one person among the total population that is of legal drinking age. Kelly also set a record with hit

Buoyed by Nabota's success, Korean pharmaceutical giant looks to new markets for Fexuclue, Envlo

Tech giant to pour over W50tr to consolidate home appliance leadership, accelerate future growth drivers