Tag: korea news

  • Samsung BioLogics eyes multiple supply deals

    Samsung BioLogics eyes multiple supply deals

    Samsung BioLogics is in discussions with over 15 global pharmaceutical firms on multiple supply deals, the company’s CEO said, as the biopharmaceutical unit of South Korea’s Samsung Group expands its presence in the global pharmaceutical market. “Samsung BioLogics already inked deals worth US$2.9 billion with six global pharmaceutical firms to supply a total of nine […]

  • Gender diversity matters for sustainable growth

    Gender diversity matters for sustainable growth

    At a symposium celebrating Korea’s 20th anniversary as a member of the OECD held in November 2016, Randall S. Jones, a senior economist and head of the Japan/Korea Desk at the OECD, pointed at Korea’s low female employment rate. According to the OECD’s latest statistics, Korea’s female employment rate ranked the tenth lowest among member […]

  • LG Chem strengthening bioscience business in 2017

    LG Chem strengthening bioscience business in 2017

    LG Chem said Thursday it will strengthen its bioscience business this year, expanding research and development (R&D) investment for synergy with two bio players that the firm acquired last year. The plan comes after the company took over Dongbu Farm Hannong, a Seoul-based processor of agricultural materials, in January last year, in what it said […]

  • Reasons behind Starbucks’ mega success in Korea

    Reasons behind Starbucks’ mega success in Korea

    Seventeen years after it opened its first store in Korea in front of Ewha Womans University, Starbucks Korea celebrated the opening of its 1,000th store last week in the upscale Cheongdam shopping district. The landmark is the result of aggressive expansion by the Korean arm of the Seattle-born coffee chain, which opened 131 new stores […]

  • Korean language studies increasingly popular in India

    Korean language studies increasingly popular in India

    A growing number of people in India are studying Korean to help themselves find jobs or pursue further studies in the East Asian country, officials here said Monday. According to the Korean Cultural Center in New Delhi, an average of 203 students signed up for Korean language classes at its King Sejong Institute during every […]

  • French chamber fetes thriving ties with Korea

    French chamber fetes thriving ties with Korea

    Marking the 130th anniversary of bilateral ties and 30th anniversary of founding, the French Korean Chamber of Commerce and Industry hosted a gala on Dec. 10 in Seoul that spotlighted its feats and future. The event at Grand Hyatt Seoul attracted some 800 guests related to France commercially and diplomatically. The theme of the event […]

  • War on duty free licenses ends, only for now

    War on duty free licenses ends, only for now

    Saturday’s announcement of six new duty-free licenses in South Korea brought a sense of closure to heated competition, yet simultaneously amplified ongoing debates on the efficacy of the current licensing process on duty-free operations. The Korea Customs Service gave three highly-coveted duty-free licenses to conglomerates in Seoul, bringing the total number of duty free shops […]

  • Kakao to integrate video service platforms

    Kakao to integrate video service platforms

    Kakao is strengthening its video content business by integrating its video-on-demand (VOD) service and personal media production platforms early next year, according to the company Thursday. The provider of the nation’s most-used mobile messenger service Kakao Talk said it will merge its two video service platforms ― Daum tvPot and Kakao TV ― in February, […]

  • Hydrogen taxis hit the road in Ulsan

    Hydrogen taxis hit the road in Ulsan

    The Korean auto industry’s futuristic eco-friendly policies continue to evolve with the first fleet of hydrogen taxis starting operations on Dec. 13. Ten Hyundai Motor Tuscan ix models ― all hydrogen fuel cell cars ― began the test service in the southern coastal city of Ulsan. After the months-long test, Hyundai plans to expand the […]

  • Finance minister likely to retain job

    Finance minister likely to retain job

    Acting president, Prime Minister Hwang Kyo-ahn, said Monday that the team under Finance Minister Yoo Il-ho should cope with diverse economic risks and issues preemptively to overcome difficulties. He asked Financial Services Commission Chairman Yim Jong-yong to closely monitor the situation and take necessary measures as there are many variables in the financial and foreign […]