LG Electronics is aggressively launching its PuriCare products overseas, the company said Friday. The electronics giant‘s three representative air purifying products are a 360 degrees-rotation air purifier, a portable mini air purifier and an industrial-sized air purifier. The LG PuriCare 360 Air Purifier has already been launched in the US, China, Japan, India and Thailand. Additionally, it will become available in the United Arab Emirates, Jordan, Egypt, Vietnam and Hungray this year.
AMPAC Fine Chemicals, one of the constituents of the consolidated global pharmaceuticals contract manufacturing organization SK Pharmteco, said Friday that it has appointed Jeff Butler as the new president. Butler was previously vice president of project management at AFC. Promoted as the president, Butler is now responsible for operations across all US-based facilities, AFC said. “Jeff has been very instrumental in the growth of AFC. His technical leadership coupled with his busine
Samsung Electronics Co. said Friday it has reopened a refrigerator production line in South Korea after closing the facility a day earlier due to virus concerns. Samsung said its refrigerator factory in Gwangju, some 330 kilometers southwest of Seoul, resumed operation in the morning after a worker who was suspected to have come in contact with a virus patient tested negative for COVID-19. The company on Thursday halted refrigerator production at the plant to prevent the possible spread of
GS Caltex is expanding an upcycling method that goes further than simply recycling plastic waste and creates new value by mixing materials. The firm said it plans to increase the production of compounded resin made from recycled plastic waste to streamline resources and reduce carbon emissions. Compound resin is a functional plastic widely used as a raw material for automotive and home appliance parts. If plastic waste is recycled to produce compounded resin instead of being incinerated, c
South Korean and European business experts held an online forum Thursday to discuss ways to jointly respond to challenges in the wake of the pandemic and strengthen cooperation in areas such as future mobilities, secondary batteries and bio-health. As a follow-up event to the summit between the two regions, the EU-Korea Virtual Business Conference 2020 was jointly hosted by the Korea Chamber of Commerce and Industry and the European Chamber of Commerce in Korea. The conference aimed to discus
It’s not everyday that one feels attracted to a refrigerator, but Samsung’s new fridge is too beautiful to call it just a machine. Samsung Electronics on Thursday invited reporters to a studio in Seongsu-dong, eastern Seoul, to showcase its premium “New Chef Collection” refrigerator amid the COVID-19 outbreak. Inside the dimly-lit studio stood the $10,000 refrigerator with a chic metallic design, which immediately defied the monotonous and boring look of a typic
The Korean-German Chamber of Commerce and Industry elected Peter Tiedemann, president and representative director of ZEISS Korea, as its new German Chairman. At its 39th annual general meeting held on June 18 at the Grand Hyatt in Seoul, he was chosen to succeed Ingrid Drechsel, the former president of Bayer Korea. With more than 30 years of professional work experience, Tiedemann worked many years for Wacker Chemie in Germany, South Africa, Turkey, China and Singapore, and for more than 15 ye
Most managers in South Korean companies are of the view that telecommuting has either improved work efficiency and employee satisfaction or remains unchanged, a new survey showed Tuesday. The Korea Chamber of Commerce and Industry surveyed personnel managers of 300 Korean companies on the status of remote work that is in force due to the new coronavirus outbreak. Around 83.6 percent said work efficiency was similar or has improved while 16.4 percent of the respondents said it has declined.
Local defense companies reported 3.3 trillion won ($2.75 billion) of sales in the first half of the year, with exports accounting for about 10 percent or 329 billion won, the Defense Acquisition Program Administration said Thursday. The number of people employed at defense firms was 33,103 as of June, down from 33,207 reported last year. In 2019, the defense industry reported 14 trillion won in sales, up 2.2 percent from a year earlier. Overseas sales stood at 1.77 trillion won, down 11.5 per
The French luxury brand Christian Dior began to raise prices of its major bags Thursday, industry sources said, as people's demand for luxury goods has not been subdued even amid the pandemic-caused economic slump. Dior will increase the price tags of its major products, including Dior Lady bags, by around 10-12 percent, marking its first hike this year, according to industry sources. It followed a similar rise in October 2019. The latest hikes are reportedly applied to Dior's products sold i
South Korea is taking steps to provide telemedicine services to overseas South Korean construction workers amid heightened health concerns caused by the coronavirus pandemic, the infrastructure ministry said Wednesday. The move is part of a broader effort to better protect South Korean builders, as 87 have tested positive for COVID-19 and three have died after contracting the highly infectious disease, the Ministry of Land, Infrastructure and Transport said. There are estimated to be around 7
South Korea’s largest steelmaker Posco won the steel industry leadership award at this year’s Global Metals Awards, the company said Wednesday. Posco said it was selected as the winner at the awards ceremony, hosted by S&P Global Platts, for its business performance turning out relatively better than its competitors in times of protectionism spreading globally and worsening market conditions. The Global Metals Awards recognize those that motivate the metals industry to new w
South Korean battery maker Samsung SDI on Wednesday celebrated its 50th anniversary at its headquarters in Giheung, Gyeonggi Province, pledging to lead the next half-century with a “supergap” initiative. The supergap initiative is a strategy led by Lee Jae-yong, vice chairman of Samsung Electronics and de facto leader of Samsung Group, to widen its technology gap with competitors. “Samsung SDI must secure supergap technology that can offer the highest level of quality and
SK Energy, an affiliate of SK Innovation, said Wednesday it will deliver free gasoline coupons worth 100,000 won ($83) to thousands of front-line fighters in the battle against the coronavirus outbreak. According to SK Energy, the giveaway is to be held through July 22, where participants can access the lists of heroes posted on www.sk-oilro.co.kr and choose those they would like to support. Then, SK Energy will deliver the free gas coupons to each of the selected candidates. Candidates inc
Boryung Pharmaceutical said Wednesday it will make an incremental 24 billion won ($20 million) investment in innovative US health care firms. The investment will be carried out over three years by Hayan I, L.P., which is a corporate venture capital fund established in the US by Boryung. Boryung Pharmaceutical plans to strengthen its pipelines for novel drugs development through open innovation with the promising companies it invests in in the US. Boryung’s US entity, Hayan Health Netwo