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GC Pharma posts record earnings in 2020

GC Pharma and its affiliated companies GCMS and GC LabCell posted record earnings in 2020, they announced Tuesday. GC Pharma’s consolidated earnings report showed that it made 1.5 trillion won ($1.3...

Feb 9, 2021
LG Hausys expands presence in North American market

LG Hausys will unveil new high-end interior materials at North America’s largest kitchen and bath design trade show, in a move to add fuel to its overseas expansion in the region, officials said Tues...

Feb 9, 2021
Race for ‘greenium’ takes off

SK, LG, Hanwha purchase electricity generated by renewables to achieve RE100

Feb 9, 2021
Seegene found to have exaggerated revenue for 9 years

COVID-19 diagnostics firm’s padded financial report reignites bio companies’ age-old fiscal conundrum

Feb 9, 2021
Kia to invest W29tr in future mobility, others by 2025

Kia Corp., South Korea's second-biggest carmaker by sales, said Tuesday it will invest 29 trillion won ($26 billion) in car manufacturing facilities and future mobility technologies by 2025. Kia wil...

Feb 9, 2021
S. Korea's e-commerce market ranks 5th worldwide in 2020 amid pandemic

South Korea's e-commerce market expanded nearly 20 percent in 2020 amid the coronavirus pandemic to rank fifth in the world, a report showed Tuesday. Local e-commerce sales came to $104.1 billion la...

Feb 9, 2021
KT Q4 net turns to black amid 5G growth

KT Corp., a major South Korean telecom operator, said Tuesday it shifted to a net profit during the final quarter of last year on the back of growing 5G users. Net income reached 39.1 billion won ($...

Feb 9, 2021
Renault warns against low productivity at its S. Korean plant amid pandemic

A senior Renault Group executive on Tuesday said its South Korean operations should ramp up production and cut manufacturing costs to stay afloat amid the coronavirus crisis. Jose Vicente de Los Moz...

Feb 9, 2021
Petrochemical firms join carbon neutral drive

South Korean petrochemical companies said Tuesday they will join the country's green energy drive, which centers on achieving carbon neutrality by 2050. The country launched a new committee on achie...

Feb 9, 2021
Doosan Mobility Innovation to develop hydrogen-fueled firefighting robots

Doosan Mobility Innovation (DMI), a producer of portable fuel cell power packs, said Tuesday it has signed a deal with a Chinese robot maker to jointly develop hydrogen fuel cell-powered firefighting...

Feb 9, 2021
China's Skyworth apologizes over misusing image of LG's rollable TV

Chinese electronics giant Skyworth has apologized over misusing an image of LG Electronics Inc.'s rollable TV during its presentation at a tech expo last month, industry insiders said Tuesday, follow...

Feb 9, 2021
LG Electronics ramps up EV motor production amid mobility push

LG Electronics Inc. said Tuesday some of its electric vehicle (EV) motor production lines will be in operation even during the Lunar New Year's holiday as the tech giant eyes to expand its presence i...

Feb 9, 2021
Kakao swings to black in 2020 on robust platform, e-commerce

Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Tuesday it shifted to the black in 2020 on the back of robust growth of its e-commerce services based on its messenger ...

Feb 9, 2021
Green Whale Global supplies compostable plastic products to fashion, cosmetic industries

Green Whale Global, the first South Korean firm to produce 100 percent biodegradable plastics, has successfully supplied international and Korean clothing brands with biodegradable hardened plastics,...

Feb 9, 2021
Medical AI company Vuno to make IPO on Feb. 26

In clinical trials, Vuno’s AI software could detect anomalies in the lung scans of 269 out of 10,000 patients in whom human doctors could find no problems. Of the 269, it was found that 10 had relat...

Feb 8, 2021

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