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

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

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,

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

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

South Korea's largest stock brokerage company Mirae Asset Securities said Monday that it has been recognized as the "Best Securities House in South Korea" by Euromoney at the Euromoney Securities Houses Awards 2024. The accolade follows Mirae Asset Group Chairman Park Hyeon-joo being named International CEO of the Year by the Academy of International Business in July, making him the first Asian finance leader to receive the prestigious award. “Despite the challenging environ

Leading Korean shipbuilding and offshore company Hanwha Ocean unveiled its next-generation zero-emission liquefied natural gas carrier, Ocean 1, at Gastech 2024 in a move to spearhead sustainable maritime innovation. The company announced Friday that Ocean 1 was showcased at the conference held in Houston from Sept. 17-20, where it attracted the interest of over 100 major shipbuilding and shipping line representatives. This marks the first time Hanwha has revealed the technologies behind its vis

Porsche Korea announced on Friday the appointment of Mathias Busse as its new Chief Executive Officer and Representative Director. Busse, currently serving as Senior Director for the German market at Volkswagen Commercial Vehicles, will succeed Holger Gerrmann, who has led the company since 2019. Busse brings over 25 years of experience in the automotive industry, having held key leadership roles such as CEO of Porsche Taiwan Motors and Porsche Retail Hamburg GmbH. “We are grateful to have

LG Electronics announced a new partnership with Ricoh, a leading global office solutions company, on Thursday, aiming to strengthen its competitiveness in the global business-to-business market. The memorandum of understanding, signed by Ricoh's President of digital services Takahiro Irisa and Paik Ki-mun, head of LG Electronics' information display business division, focuses on exploring new digital transformation services and expanding their B2B offerings. “We will strengthen

South Korean discount chain Homeplus announced Friday that it reopened its Chilgok branch in Daegu earlier this month, in an aim to refresh the branch into a leading regional shopping complex. The Homeplus Mega Food Market at Chilgok is the only large-scale retailer serving northern Daegu, separated from the bustling southern part of the city by the Geumho River. Homeplus expects the renovated store to be a central hub for the local community, offering an exceptional shopping, dining and enterta

South Korean biosimilar giant Celltrion will continue to supply trastuzumab biosimilar Herzuma to Brazil, the company announced Friday. The company won the bid to supply a trastuzumab biosimilar to the Brazilian Federal Government for the fifth consecutive year. Under the contract, Celltrion will provide 660,000 vials of Herzuma through 2025. Celltrion remains the sole trastuzumab provider for the Brazilian government, with its Herzuma accounting for more than 50 percent of the market annually.

Celltrion’s Remsima SC, the world’s only subcutaneous formulation of infliximab, has reached a record market share in Australia, the Korean biosimilar giant announced Wednesday. According to data from pharmaceutical market research firm IQVIA, Remsima SC achieved a 20 percent market share for the first time in the first quarter of the year, a surge since its market debut in 2021. Celltrion said Remsima SC gained popularity in Australia for its convenience, allowing patients to admini

South Korean electric wire maker Taihan Cable & Solution announced Tuesday that it has completed Kuwait’s first fiber optic cable factory, as the company aims to localize production and tap into the Middle East’s growing demand for 5G network infrastructure. The factory, a joint venture with Kuwaiti construction and trade company Rank, held its grand opening on Monday local time in the Mina Abdulla industrial area. Equipped with advanced production and testing facilities, the 5,0

Korean beauty brands Medicube and Aprilskin have officially entered the UK market, South Korean beauty tech company APR announced Monday. The two brands are now available through London-based K-beauty retailer Pureseoul, which operates both online and in physical stores in prime shopping districts such as those of Soho, Westfield and Oxford. Pureseoul, a leading distributor of over 60 Korean beauty brands, is seen as a key partner in helping Medicube and Aprilskin gain a foothold in the UK marke

SK Telecom, South Korea’s largest wireless carrier by membership, announced Wednesday a partnership with Silicon Valley-based AI search unicorn Perplexity to revolutionize traditional keyword-based search into a more dynamic, conversational experience. With the conversational AI market projected to expand from $13.2 billion in 2024 to $49.9 billion by 2030, Perplexity CEO Aravind Srinivas and its sole Korean partner SK Telecom revealed their collaborative ambitions at a joint press confere

Innocean, a South Korean marketing communications agency under Hyundai Motor Group, announced Tuesday that it will serve as the main sponsor for the South Korean debut of Joopiter, the digital auction platform founded by global music and fashion icon Pharrell Williams. An exhibition of its latest online auction “Nothing But a ‘G’-Thang: The Art & Archive of G-Dragon” will offer an exclusive look into the personal archives of the K-pop icon G-Dragon’s career, fea

S-Oil will begin supplying domestically produced sustainable aviation fuel to Korean Air’s flights between Incheon International Airport and Tokyo’s Haneda Airport once a week, the company said Sunday, becoming the first refiner in South Korea to provide SAF for regular international passenger flights departing from a local airport. The first SAF-fueled flight took off last Friday, celebrated at a ceremony attended by key figures such as Minister of Trade, Industry and Energy Ahn Duk

Hankook Tire has launched a series of cultural projects to connect with younger consumers and communicate the brand's value in a fresh way. This summer, the tire maker launched a 10-day pop-up event at Surfyy Beach in Yangyang, Gangwon Province, where visitors enjoyed tire-themed attractions like water activities with inflatable tubes as well as interactive photo zones and game areas. Hankook Tire also collaborated with brands like Pro-Specs to create unique products, including sneakers in

South Korean energy, retail and construction conglomerate GS Group announced Thursday that it has officially launched the GS Cultural Foundation, a move aimed at enriching the nation's cultural and artistic landscape. Chaired by GS Group Chairman Huh Tae-soo, the board comprises prominent figures including Kang Sue-jin, artistic director of the Korean National Ballet, Eugene H J Bang, former head of DBS Bank Korea, Rha Wan-bae, former vice chairman of GS Energy, and Lee Joon-myung, an attor

LG Chem, South Korea’s leading chemicals company, announced on Thursday the official opening of its new Customer Solution Center in Ravenna, Ohio, as part of its strategy to expand its presence in North America. The 8,300-square-meter, three-story facility is designed to provide comprehensive technical support to customers across the region, including product development, quality enhancement and productivity enhancement for LG Chem’s customers and suppliers. The center, which began c