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Celltrion expands Japan push with SteQeyma IV launch

Celltrion said Friday it has launched the intravenous formulation of SteQeyma for autoimmune diseases in Japan. Celltrion launched the IV formulation about four months after receiving approval from Japan’s Ministry of Health, Labour and Welfare in April. In addition to its existing indications for psoriasis and psoriatic arthritis, the product now also covers Crohn’s disease, significantly expanding its treatment scope. Celltrion’s Japanese subsidiary plans to leverage its sales expertise built
Musinsa enters Vietnam with local retail giant IPPG affiliate

Musinsa said Friday it has partnered with Au Chau Fashion and Cosmetics Company Limited, a subsidiary of Vietnam’s leading retailer Imex Pan Pacific Group, to enter the Vietnamese market. Musinsa and ACFC signed an exclusive distribution agreement in July and will work together to launch Musinsa Standard in Vietnam. IPPG operates more than 100 global brands and over 1,200 stores across Vietnam. ACFC, an IPPG affiliate, currently has a portfolio of 28 global fashion brands and operates more than
Nexon launches W250b hunt for next global game IP

Nexon said Thursday it will launch an investment program worth up to 250 billion won ($179 million) with the Korean government and Kona Venture Partners to discover promising intellectual properties in the gaming space and help emerging developers expand globally. At the center of the program is the 120 billion won Kona Global IP Investment Fund, which Nexon will establish with game-focused venture capital firm Kona Venture Partners through its new investment subsidiary, Nexon Partners. The fund
Mom’s Touch opens first Singapore store under FairPrice Group partnership

Mom’s Touch said Thursday it opened its first Singapore location, marking its first store under a master franchise agreement with Singapore retailer FairPrice Group. The first Singapore location opened on South Bridge Road in the central business district and drew about 200 customers waiting to enter. Despite its 90-seat capacity, the store’s average daily sales during its first five days more than doubled the local target. Mom’s Touch said it will focus on localization by taking Singapore’s div
Dongwha takes 129-year-old digestive remedy global with K.O.D

Dongwha Pharm said Thursday it will take its 129-year-old Whal Myung Su digestive medicine overseas under a new brand, K.O.D, enlisting K-pop group Cortis to promote the product globally. Short for Korea Original Digestive, K.O.D adapts the taste and ingredients of Whal Myung Su for overseas consumers while drawing on the heritage of one of Korea’s best-known digestive medicines. K.O.D will debut at Korean pharmacies and duty-free stores this month before entering US supermarkets, pharmacies and
Daewoo E&C brings Prugio complex to Cheonan

Daewoo Engineering & Construction said Wednesday it will begin sales in September for Dujeong Station Prugio Grand Peak, a new apartment complex in Seongjeong-dong, Cheonan, South Chungcheong Province. Located in Cheonan’s established Seobuk-gu downtown area, the complex is positioned to serve workers at nearby industrial sites, including Samsung Display’s Cheonan Campus. It is also within commuting distance of the Cheonan No. 2, 3 and 4 General Industrial Complexes and the Baekseok Agricultural
HD Hyundai launches first locally built naval ship in Peru

HD Hyundai Heavy Industries said Wednesday it has launched the Chimbote, the first of two landing support ships being jointly built in Peru under a new export model combining Korean technology with local production. The vessel was launched at the shipyard of Peru’s state-run Servicios Industriales de la Marina, or SIMA. Designed for the Peruvian Navy, the Chimbote can transport personnel and supplies while supporting logistics and disaster-response operations. Its sister ship, the Talara, comple
LS Electric wins $34m Bloom Energy data center deal

LS Electric said Tuesday it has won a $34.3 million contract from US energy technology company Bloom Energy to supply power distribution equipment for a hyperscale data center in Wyoming. Under the agreement, LS Electric will provide key systems, including low-voltage switchboards, for the data center project being developed by Bloom Energy and a major US energy infrastructure company. The Korean maker of power equipment has been expanding its next-generation distribution business as the rapid g
Korea Eximbank donates W100m for Colombia quake relief

The Export-Import Bank of Korea said Tuesday it has donated 100 million won ($70,825) to the Korean Red Cross to support relief efforts following a powerful earthquake in Colombia. The funds will provide emergency supplies and other assistance to affected communities. More than 50,000 people were affected by the magnitude 7.4 earthquake and subsequent aftershocks, according to the bank. “We hope the donation provides some comfort and practical support to those who lost their homes and livelihood
Korea Eximbank lends Glencore $1b to secure copper

The Export-Import Bank of Korea said Monday it would provide $1 billion in financing to Swiss commodities giant Glencore in return for a stable supply of copper to Korean companies. Glencore operates mines and smelters that produce copper, zinc and nickel worldwide. Its trading network handles more than 60 commodities through long-term relationships with thousands of customers and suppliers. The financing will support Glencore’s general corporate operations, while the company will supply copper
HD Hyundai Electric eyes Europe with greener grid technology

HD Hyundai Electric said Monday it has developed Korea’s first 420-kilovolt circuit breaker that does not use sulfur hexafluoride, positioning the company to tap Europe’s growing market for greener power grid equipment. Sulfur hexafluoride, or SF6, is widely used to insulate high-voltage equipment but is subject to tightening European Union regulations due to its potent greenhouse gas effect. The new circuit breaker instead uses a C4-based insulating gas. HD Hyundai Electric said the alternative
LG opens Brazil refrigerator plant in Global South push

LG Electronics said Monday it has begun operating a new refrigerator plant in Brazil, expanding its production capacity as it targets faster growth across the Global South. The facility in Parana state began operations on Thursday and can produce about 600,000 refrigerators annually. It is LG’s second manufacturing base in Brazil, following its Manaus plant in Amazonas state, which opened in 1996. The new plant uses artificial intelligence and industrial robots to improve productivity and qualit
GS Global opens Houston office to target US energy projects

GS Global said Monday it has opened an office in Houston to expand its presence in the US energy and infrastructure markets. Located in Houston’s Uptown district, the office will target growing demand for project-based steel generated by increased investment in energy, power and infrastructure. GS Global previously managed most of its US business through its Los Angeles office. The company said the new base would help it respond more quickly to shifting market conditions, including stronger prot
Shameful inertia 수치스러운 무사안일

Democracies are accustomed to worrying about interference. South Korea's problem today is almost the reverse. An institution created to defend elections from political pressure has become so insulated that incompetence can flourish behind the protections meant to preserve neutrality. 민주주의 국가들은 개입에 대해 우려하는데 익숙하다. 한국의 작금의 문제는 거의 그 반대에 가깝다. 정치적 압박으로부터 선거를 방어하기 위해 설립된 기관이 책임으로부터 지나치게 단절되어 중립성 유지를 위해 만들어진 보호 장치 뒤에서 무능함이 만연했다. Independence, once a safeguard, has turned into a refuge from accountabilit
Yanolja takes AI hotel concierge global after India trial

Yanolja is taking its artificial intelligence hotel concierge global after testing the service at around 1,000 properties in India. Its hospitality technology affiliate, Yanolja Cloud Solution, said Thursday that it will officially launch Pulse AI, a multi-agent platform designed to automate hotel operations throughout a guest’s stay. The platform deploys eight specialized AI agents covering guest communications, reservations, check-in and checkout, room service, housekeeping, payments and upsel