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N. Korean media touch on UN's move on its human rights abuses
Olympic short track champion gives tearful testimony against ex-coach in as...
US ambassador praises Washington-Seoul alliance at friendship gala
Arab economies’ diversification to unlock new wealth
EU urges S. Korea to ratify ILO conventions
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Hyundai Motor’s GBC construction to begin H1 2019
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Today Industry

Yak-kong Soymilk proves popular as healthy, low-calorie drink

Yak-kong Soymilk, which uses a small black bean base grown in Pyeongchang, Gangwon Province, is garnering attention as a healthy, low-calorie drink. Yak-kong Soymilk (Agency for Functional-Medicinal Soymilk)According to the company, all of its products are manufactured with 100 percent pure ingredients without any food additives or sugar. Most of the products are around 70 calories and are popular among dieters and those who want to stay fit, the company said. Yak-kong Soymilk’s manufacturer, Ag

Celltrion to step up US market expansion with 3 biosimilars

South Korean biopharmaceutical company Celltrion is on track for a major business expansion in the US, as it now has three biosimilars to compete against blockbuster original drugs in the US market.The US Food and Drug Administration on Friday approved Celltrion’s Herzuma, a biosimilar referencing blockbuster breast cancer drug Herceptin. The news came a month after the US regulator’s approval of Truxima, a Celltrion-developed biosimilar referencing Rituxan used for the treatment of non-Hodgkin’

Today
Industry
Regulator, SK Telecom team up to fight phone scams

The financial watchdog said Monday it has signed a deal with SK Telecom Co., the nation's biggest wireless operator, to jointly develop an artificial intelligence platform to combat telephone scams. Under the deal, the Financial Supervisory Service will provide voices of phone scammers to SK Telecom, which develops algorithms that automatically analyze possible phone scams. (Yonhap)SK Telecom is expected to announce details of the platform in the first half of next year, the FSS said. The FSS l

Dec 17, 2018
Industry
Concrete voids found in two UAE reactors: ENEC

Two nuclear reactors under construction in the United Arab Emirates were found to have voids in their concrete walls and have been undergoing repairs, the Emirates Nuclear Energy Corporation has said. The Korea Electric Power Corporation, which is in charge of the construction of four reactors at the Barakah nuclear power plant, verified the presence of voids in Units 2 and 3 that were then confirmed by the plant operator, the ENEC said on its website on Dec. 5. (Yonhap)The state-run nuclear op

Dec 17, 2018
Industry
Govt. mulls safety checks on all SOC, energy facilities

The government is considering having social overhead capital and public energy firms conduct safety checks on all facilities under their oversight as part of efforts to pre-empt accidents, officials said Sunday.The move comes after a series of recent incidents, such as the derailment of a KTX bullet train operated by the Korea Railroad Corp. and the bursting of old heating pipes operated by the Korea District Heating Corp. (Yonhap)"We're considering asking SOC and energy-related public firms t

Dec 16, 2018
Industry
CJ chief calls for rapid global expansion

CJ chairman’s LA meeting likely convened to emphasize investment in US, not China

Dec 17, 2018
Industry
[Monitor] Defense companies’ profits dive in 2017

South Korean defense companies’ operating profits nose-dived last year due to a significant drop in exports and an increase in R&D costs, data showed.According to the Korea Defense Industry Association, the combined operating profits of its 93 member companies amounted to 60.2 billion won ($53.06 million) in 2017, an 88 percent decrease from 503.3 billion won in 2016.Revenue also dropped 13.9 percent to 12.761 trillion won, down 13.9 percent from a year earlier.By Choi Ji-won (jwchoikr@heraldcor

Dec 17, 2018
Industry
Korean entrepreneurs pivot toward ASEAN on back of New Southern Policy

In line with the South Korean government’s push to strengthen diplomatic and economic ties with Southeast Asia, Korean entrepreneurs are increasingly seeking new opportunities in the region to benefit from its fast-growing economies, which have a combined population of 630 million and a combined gross domestic product of $2.4 trillion. The New Southern Policy is the Moon Jae-in administration’s key foreign economic policy and reflects its strong commitment to prosper together with the ASEAN coun

Dec 17, 2018
Industry
Innisfree lands in Melbourne

South Korean cosmetics giant Amorepacific’s organic skin care brand Innisfree opened a new store in Melbourne, its third in Australia. The company’s third store in Australia makes its debut six months after the first, as local consumers show increasing interest in K-beauty and organic cosmetics, the company said. (Innisfree)The new Innisfree store is located on the first floor of the Chadstone Shopping Centre, Australia’s largest shopping mall. The company said the store’s decor reflects Innisfr

Dec 17, 2018
Industry
HHI builds eco-friendly power plant in Colombia

Hyundai Heavy Industries has completed building an eco-friendly power plant in Colombia’s northern port city of Santa Marta, with its own dual-fuel engine, HiMSEN, according to the Korean shipbuilder on Sunday. In February of last year, Hyundai Heavy Industries won an $80 million contract from Colombian private power company Axia to build a 93-megawatt power plant. Termonorte power plant constructed by Hyundai Heavy Industries in Colombia (HHI)The firm said its own dual-fuel engine HiMSEN has si

Dec 17, 2018
Industry
Celltrion's biosimilar receives US FDA approval

Celltrion Inc.'s biosimilar to Roche's breast cancer treatment Herception has won approval from the US Food and Drug Administration, the South Korean drugmaker said Saturday. Celltrion's Herzuma is the biosimilar to Roche Holding AG's breast cancer treatment Herception, one of the world's most successful antibody medicines that raised $7.18 billion in sales in the United States in 2017. Teva Pharmaceutical Industries Ltd., a global pharmaceutical giant, will be in charge of its sales in the US m

Dec 15, 2018
Industry
Naver, Dongdaemun market listed on EU counterfeit watch list

South Korea’s dominant portal web operator Naver and Seoul’s Dongdaemun Special Tourist Zone have been included on the European Union’s “watch list” for acts of piracy and counterfeiting, according to a recent report.The European Commission, with the support of the EU Intellectual Property Office and Europol, published its first-ever watch list last week, naming 52 non-EU websites and marketplaces in more than 20 countries it alleges engage in, facilitate or benefit from piracy. (Credit : Seoul'

Dec 15, 2018
Industry
Sanofi starts remaining phase 3 clinical trials of Hanmi’s diabetes drug candidate

South Korea’s Hanmi Pharmaceutical said Friday that Sanofi has signaled the start of two new phase 3 clinical studies of the Type 2 diabetes drug candidate efpeglenatide by officially listing the plans on ClinicalTrials.gov, a US-based clinical trials registry site.By doing so, Sanofi has officially executed all five of its planned phase 3 clinical trial agenda for efpeglenatide, which Hanmi licensed out to Sanofi in 2015, according to the Korean drugmaker.So far, Sanofi has been carrying out th

Dec 15, 2018
Industry
Korea's defense industry's sales log 1st decrease last year

Sales by the South Korean defense industry dropped 13.9 percent from a year ago to 12.76 trillion won (around $11.35 billion) last year, partly due to decreased exports and increased costs for research and development, an industry body said Friday.According to the Korea Defense Industry Association, an umbrella body of 93 defense-related companies, it marked the first time that the industry saw its sale fall since it began to compile related data in 1983.During the reported year, the industry's

Dec 14, 2018
Industry
IATA expects higher net profits for Asia-Pacific airlines

The International Air Transport Association (IATA) forecast that airlines in the Asia-Pacific region will post higher net profits next year on a rise in the number of travelers and lower oil prices, Korean Air Lines Co. said Thursday. While expecting the global airline industry to post a net profit of $35.5 billion in 2019, up 4 percent from $32.3 illion a year earlier, IATA Director General and CEO Alexandre de Juniac said airlines in the Asia-Pacific region will report a net income of $10.

Dec 13, 2018
Industry

The Korea Herald by Herald Corporation

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Publisher. Editor : Kwon Chung-won
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