SK Bioscience acquires $3m stake in US biotech firm

South Korean biotech firm SK Bioscience said Tuesday it has invested $3 million in the US-based biotech firm Fina Biosolutions to acquire a stake in the company as part of the company’s broader strategy to secure next-generation vaccine technologies and enhance its global competitiveness in the vaccine market. Founded in 2006, Fina Biosolutions specializes in conjugate vaccines widely used in vaccines to prevent illnesses such as pneumonia, meningococcal disease and typhoid. The company is

Oct. 8, 2024

Zyx Technology eyes SE Asia expansion with cutting-edge design software

South Korean design software developer Zyx Technology unveiled its latest products at Automation World Vietnam 2024 held in Ho Chi Minh City, in an effort to expand its business in Southeast Asia, the company said Wednesday. At the event, Zyx Technology introduced its flagship products: its general-purpose design software ZyxCAD, the AI-powered Works and Zyx Designer, and its GIS based Smart Construction Platform. These advanced tools are designed to improve design efficiency and support smart

Oct. 2, 2024

KT&G showcases flagship tobacco brands at global duty-free expo

South Korea's leading tobacco company KT&G said on Wednesday that it is showcasing its top duty-free products at the TFWA World Exhibition & Conference in Cannes, France, to strengthen its presence in the international duty-free market. The company is displaying its premium brands such as Raison, Bohem and Esse -- the world’s bestselling ultra-slim cigarette -- while emphasizing its global business performance at its booth installed at the event from Sept. 30 through Oct. 3. M

Oct. 2, 2024

KFCC unites global leaders to promote digital financial inclusion

The Korean Federation of Community Credit Cooperatives, the nation's leading mutual financial institution, held an international forum in collaboration with the United Nations to discuss ways to boost digital financial inclusion in Jeju last week. The event drew ministers from 15 UN member states, financial experts from Japan and Italy, and representatives from global tech giants such as Google and GSMA. The forum tackled two primary topics: expanding financial access and fostering sustaina

Sept. 29, 2024

Sales start for Hyundai E&C's Hillstate in Daejeon

Hyundai Engineering & Construction has started sales for its latest residential complex Hillstate Gayang The Wise with easy access to transportation and abundant living infrastructure in Daejeon, the firm said Sunday. The high-rise complex in Dong-gu district consists of three 49-story towers with four underground levels, offering 358 units ranging from 84 to 155 square meters. The planned Dongbu Station on Daejeon Metro Line 2, the complex is poised to become a prime residential area once t

Sept. 29, 2024

HanmiGlobal ranks 8th in global CM/PM sales

South Korean construction management firm HanmiGlobal said Thursday that it has been ranked 8th in Engineering New Record’s top construction management and project management firms of the year. This year marks the fourth consecutive year the firm has secured a spot in the top 10. The annual ranking is determined based on global sales in the previous year, including those from the US. In 2023, HanmiGlobal posted $244.8 million in construction management and project management sales. In last

Sept. 26, 2024

CJ's Miky Lee honored with Global Citizen Award

Miky Lee, vice chair of CJ Group and its entertainment and media subsidiary CJ ENM, made history as the first Asian female entrepreneur to receive the Global Citizen Award at the Atlantic Council’s ceremony in New York on Monday. “Entertainment may not have the power to end wars, but it does have the power to build bridges. Bridges of compassion, hope and empathy,” Lee told over 700 influential attendees at the Ziegfeld Ballroom, emphasizing the transformative power of culture,

Sept. 26, 2024

Coway powers up savings with energy-efficient appliances

South Korean home appliance maker Coway is redefining the market with high-efficiency products designed to ease the burden on consumers amid rising electricity costs. The company has integrated advanced technologies across its product lines -- water purifiers, air purifiers and bidets -- to reduce energy consumption and lower electricity bills for consumers. Two flagship products, the Icon Ice Water Purifier and Prime Stand Water Purifier, have gained attention in the Korean market for their exc

Sept. 25, 2024

Google pays way less tax in Korea: lawmaker

Google Korea allegedly evaded more than 600 billion won ($450 million) in taxes in 2023, paying only 2.5 percent of its estimated corporate tax obligations, a ruling party lawmaker said on Tuesday. Rep. Choi Su-jin of the People Power Party, citing reports from the Korean Association of Financial Management and filings from the US Securities and Exchange Commission, revealed that Google Korea paid 15.5 billion won in corporate taxes last year, but considering its estimated revenue, the company s

Sept. 24, 2024