Hanwha Aerospace announced on April 25 that it has signed an additional executive contract with Polish Armaments Agency for supplying 72 more Chunmoo Multiple Rocket Launcher Systems (MRLS).The deal was preceded by the framework contract and the first executive contract, both signed in 2022.Worth ar
Hanwha Aerospace announced on April 15 that the firm had rolled out its 10,000th military engine, achieving a major milestone for its indigenous development and manufacturing of aero engines.A ceremony was held at its Changwon plant to commemorate the rollout of the 10,000th aircraft engine, the F40
South Korea’s Icheon City announced on April 4 that it had signed a memorandum of understanding with Korea Polytechnic University’s Semiconductor Convergence Campus.Under the contract, the two sides agreed to foster working-level human resources for customized semiconductors.At the signing ceremony
Korean Air has introduced eco-friendly uniforms, which the firm’s maintenance, aerospace, cargo, and ground handling employees started wearing this month.South Korea’s leading flag carrier noted that the renewed uniforms had been designed to cater to the diverse needs of the airline’s staff.Korean A
Korea Ginseng Corporation (KGC) announced on April 1 that the company had appointed Bin An as its new chief executive officer through a general shareholders’ meeting.After getting aboard KGC back in 2000, An has assumed various senior jobs at the world’s leading red ginseng company by any measure.Hi
Multinationa tech giant Merck announced on April 1 that M Chemical has been officially integrated into Merck Korea’s affiliate Versum Materials Korea as of the day.Going forward, M Chemical will be operating under the legal entity Versum Materials Korea while still belonging to Merck Korea, accordin
South Korea’s LS Group announced on March 29 that the conglomerate would continue to find new growth engines in such high-tech areas as batteries along with its suppliers.Toward that end, the group said that leaders from its affiliates and partners had convened together last September for the second
South Korea’s Hyundai Development Company (HDC) announced on April 29 that it would launch the so-called Project H1 this year of developing areas around Kwangwoon University Station in northern Seoul.Specifically, the Seoul-based builder is scheduled to start the work in the latter half of this year
Korea Ginseng Corporation (KGC) announced on March 25 that the world’s leading ginseng maker would start an event in line with its female volleyball team’s advancement into the playoff in the 2023-24 V League season.Daejeon KGC, which chalked up seven consecutive wins in the final games to achieve t
At a time when more than 40 percent of Korean homes are single households, the country’s retail giant Homeplus is going all-out to offer tailored services to its customers.The Seoul-based discount chain said on March 21 that it had employed a variety of tools to meet new demands from the mounting nu
South Korea’s biopharmaceutical powerhouse Celltrion said on March 11 that its U.S. affiliate had submitted a biologics license application for CT-P39 to the U.S. Food and Drug Administration.CT-P39 refers to an interchangeable biosimilar candidate to XOLAIR (omalizumab), an injectable biologic medi
South Korea’s biopharmaceutical behemoth Celltrion announced on March 5 that the company would spend some 75 billion won ($56 million) to buy back its shares.With the funds, the company plans to buy more than 420,000 shares on March 6 on the country’s main bourse in a move to boost its share price.T
South Korea’s cybersecurity giant AhnLab expected on Jan. 3 that cyberattacks and hacker activities between hostile forces would increase across the world this year.On top of that, AhnLab came up with the top five cybersecurity threat predictions for 2024, involving ransomware, malicious Android app
South Korea’s leading nutrition firm Easy Bio announced on Feb. 29 that it had gobbled up Devenish Nutrition of the United States to beef up its feed additive and premix business in North America.To close the deal, Easy Bio USA acquired a 100 percent stake in Devenish Nutrition from the latter’s par
South Korean biopharmaceutical powerhouse Celltrion announced on Feb. 28 that it had shipped the first batch of its new autoimmune disease treatment Zymfentra to the United States.The treatment, otherwise known as Remsima SC, is set to debut in the United States next month.As a subcutaneous injectio
South Korea’s cosmetics company Kolmar announced on Feb. 23 that it has found a microbiome with an ability to slow down skin aging caused by sun exposure.The Seoul-based corporation noted that the discovery could be a breakthrough in the anti-aging skincare industry, which chalks up fast growth acro
South Korea’s Samsung Display announced on Feb. 19 that its foldable OLED panel has been officially verified as a product suitable for U.S. military use for the first time in the world.The subsidiary of tech giant Samsung Electronics said that its 7.6-inch panel has become the world’s first bendable
South Korea’s most valuable company Samsung Electronics topped the global TV market for 18 consecutive years, according to business tracker Omdia on Feb. 19.The London-based organization noted that Samsung Electronics carved out 30.1% of the international TV market last year in terms of sales values
Korean Air said on Feb. 13 that the airline company has received the green light from the European Union’s antitrust regulator for its merger with smaller local competitor Asiana Airlines.The European Union endorsed the merger after Korean Air promised late last year to offload Asiana Airline’s carg
South Korea’s leading cybersecurity company AhnLab said on Feb. 7 that it would team up with the country’s top-tier tech company Naver to cooperate in hyperscale artificial intelligence.Toward that end, AhnLab signed a memorandum of understanding with Naver Cloud, which is in charge of Naver’s hyper