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This is where you can find latest news about Korean business conglomerates.

South Korea gives nod to antibody treatment Celltrion said this week that the Korean Ministry of Food and Drug Safety (MFDS) approved its monoclonal antibody treatment for the novel coronavirus, named regdanvimab (CT-P59). Following the measure, the treatment commercially known as...
uLikeKorea braces for cutting-edge technology for Hanwoo South Korea's uLikeKorea announced on Sept. 16 that the Seoul-based company had launched a block-chain technology for its Hanwoo, or Korean beef, brand dubbed “Wanbyuk-han (meaning perfect in Korean).” The outfit said that its...
New Yorkers will be able to test red ginseng products The Korea Ginseng Corporation (KGC) announced on Sept. 16 that the Seoul-based company had opened Ginseng Museum Cafe in New York this week. The KGC said that US citizens will be...
Cleantopia-taps-new-CEO

Cleantopia taps new CEO

Byun taking charge of Korea's top laundry franchise Cleantopia, South Korea’s foremost laundry franchise, announced this week that it had named marketing expert Byun Sung-hyun as its new chief executive. The appointment came on the heels of the ownership change of...
Korea's top red ginseng company carrying out more than 430 tests on ginseng To become the products of South Korea’s most prestigious red ginseng brand, CheongKwanJang, ginseng is required to go through more than 430 tests. The Korea Ginseng Corporation...
Conglomerate taking advantage of AI and big data LS Group has adopted digital transformation as its corporate strategy by employing such futuristic technologies as artificial intelligence, big data, and smart energy to traditional brick-and-mortar businesses. LS Group Chairman Koo Ja-yeol has...
Two outfits will cooperate for ESS business Hanwha Defense announced on Sept. 3 that the South Korean defense giant had signed a memorandum of understanding (MOU) with the Korean Register of Shipping (KRS). Under the partnership, the two outfits strive to...
Two companies will cooperate for smart factory business CJ OliveNetworks, South Korea’s top-tier system integrator, will join forces with global tech giant Siemens to sharpen their competitive edge for the promising smart factory business. CJ OliveNetworks announced on Sept. 3 that...
Winners of the Merck Award announced Merck Korea has announced the winners of this year’s science awards, who will be recognized during the International Meeting of Information Displays (IMID) 2021 in Seoul this week. The company said that Prof. Yoo Seung-hyup...
Korean businesspeople visiting Vietnam see reduced quarantine period The Korea Chamber of Commerce and Industry (KCCI) said on Aug. 25 that its “vaccine track” system works properly this month through cooperation with Vietnam. Under the new system, Vietnam halves the quarantine...

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Celltrion secures mega deal with US military

Korean firm will supply rapid COVID-19 test kit in contract worth $626 million South Korea’s leading biopharmaceutical company Celltrion recently said that it had secured...

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