South Korea’s Celltrion said Friday that it had tapped Baxter BioPharma Solutions as its new contract manufacturing partner for Remsima in a move to cover growing demand and ensure stable supplies in the US.Under the new CMO agreement, the US-based biopharma company will produce Celltrion’s Remsima in the form of finished drugs. Celltrion’s headquarters in Songdo, Incheon (Park Hyun-koo/The Korea Herald)Remsima is Celltrion’s biosimilar drug referencing Johnson & Johnson’s autoimmune disease tre

GS Group Chairman Huh Chang-soo and affiliate CEOs visited India to discuss the group‘s business strategies overseas, the group said Thursday. Starting in 2011, GS Group has been holding overseas meetings as a means to find future growth engines outside of Korea. This year, GS Group decided to hold meetings in India where the group aims to increase its footing down the road.  GS Group Chairman Huh Chang-soo (center) visits HomeShop18, an Indian on-air shopping channel that GS Group has a 15 perc

A consortium led by Hanwha General Chemical has been selected as a preferred bidder by the Korea Rural Community Corporation to build a 100-megawatt floating solar power plant in Dangjin, South Chungcheong Province, Hanwha Group said Thursday. The construction of the floating solar power farm is expected to start in 2019 after a series of licensing procedures and begin operations in 2020, Hanwha Group said. The consortium of Hanwha General Chemical and Korea Midland Power will be responsible for

Town Life, a utility vehicle business unit owned by the Lamborghini family, is looking to use LG Chemical’s batteries for its new electric vehicles, the Italian carmaker‘s local partner company in Korea said Wednesday.“The company is thinking of using LG batteries for an electric version of Town Life vehicle model,” said Harrison Lee, Green Power Circuit Corporation Korea CFO.  Town Life Chairman Ferruccio Lamborghini introduced Town Life's new electric motorcycle Tuesday at a press conference h

South Korean food manufacturer and distributor SPC Group will add three more Paris Baguette branches at Singapore Changi Airport, the company said Wednesday.The three bakery-cafe branches will be located at newly built Terminal No.4, which has been designed to cover 16 million passenger movements a year. The terminal was opened to the public Tuesday.  (SPC Group)Singapore Changi Airport annually handles some 52 million passengers as of last year, listed as the world’s sixth-busiest airport in te

Town Life, a utility vehicle business unit owned by the Lamborghini family, introduced its new electric motorcycle model Iso Moto Ferruccio Lamborghini in Korea on Tuesday.Town Life and its co-developer Green Power Circuit Corporation Korea will begin commercial sales of the electric motorcycle in Korea within this year, Town Life Chairman Ferruccio Lamborghini said during the press conference.  Town Life Chairman Ferruccio Lamborghini (right) introduces Town Life's new electric motorcycle Tuesd

SK Planet‘s online shopping platform 11st has upgraded its online shopping platform for overseas customers, the company said Tuesday. Available in both English and Chinese, the newly launched 11st Global gives overseas shoppers access to a wider range of products listed by Korean sellers.  (SK Planet)The renewed website allows customers to combine multiple orders into the same parcel, according to the company. Overseas customers can also choose payment options including PayPal and Alipay, it add

CJ Healthcare opened a research center that will specifically focus on developing hangover cures, the company said Monday. With the newly opened research center, the pharmaceutical unit of Korea‘s CJ Group aims to invest more resources into the business, the company explained. (CJ Healthcare)CJ Healthcare currently plans to roll out a premium hangover cure product next month while developing new ingredients that can relieve hangover symptoms. CJ Healthcare commercialized the nation’s first hango

S-Oil joined last week’s events to mark the 55th anniversary of diplomatic ties between South Korea and Saudi Arabia and the direction of further cooperation, with a cultural event on the Han River on Saturday.Sponsored by S-Oil, the Embassy of the Kingdom of Saudi Arabia hosted the event at Chevit under the theme of “As-Salamu Alaikum,” meaning “peace be with you.” The event offered a taste of Saudi cuisine, costumes, henna tattoos, Arabic calligraphy and Arabic carpets, among other things. “Th

Amorepacific and LG Household and Health Care are vying for the top spot in the herbal cosmetics segment, market data showed Sunday. According to data collected by the Korea Customs Services, sales of Amorepacific‘s Sulwhasoo and LG Household and Health Care’s the History of Whoo both passed 1 trillion won ($890 million) in the third quarter this year.  (Yonhap)While Amorepacific highlights its Sulwhasoo was the first to exceed 1 trillion won in sales, LG underscores sales of Whoo at duty-free s

Hyundai Motor representatives and Korean government officials on Thursday held an inauguration ceremony for its new hydrogen-powered bus. Hyundai Motor will give its new hydrogen fuel cell buses a first test in Ulsan early next year after going through government authentication procedures. If approved, Hyundai Motor will become the first company to deploy a hydrogen bus in a commercial bus line. (Hyundai Motor)

Korean E-commerce firm Coupang has become an exclusive carrier of pet products that feature French cartoon characters Gaspard and Lisa, the company said Thursday. Gaspard and Lisa are globally renowned fictional characters from a series of picture books created by a French couple, story writer Anne Gutman and illustrator Georg Hallensleben. The characters are introduced through books and a television show. A promotional image for Coupang’s pet products featuring French cartoon characters Gaspard

Hyundai Motor Group will invest $5 million in a US-based vehicle research center, the company said Wednesday.The Korean carmaker’s research and development unit, Hyundai America Technical Center Inc., signed a long-term partnership agreement with the American Center for Mobility on Tuesday, local time, it said.  Andy Freels (left), president of the Hyundai America Technical Center, and John Maddox, president and CEO of the American Center for Mobility, shake hands after signing a partnership agr

Storage efficiency sets apart Renault Samsung’s New QM3 from other small sport utility vehicles, the company said Wednesday in its promotion of the urban crossover.The vehicle’s boot capacity can reach up to 1,235 liters when its adjustable seats are fully folded, according to the firm. The new model’s trunk has up to 455 liters of space when the seats are pushed forward, 78 liters more than the previous model.  Renault Samsung’s New QM3’s boot space (Renault Samsung)Renault Samsung’s New QM3 al

German luxury car brand BMW’s sales unit in Korea is moving to upgrade dealership spaces to offer customers hands-on experience with the brand’s products.BMW Korea currently operates two BMW MINI City Lounges in the country. The German carmaker’s showrooms allow customers to check out both BMW and MINI vehicles, as well as the brands’ products, the company said. A customer experiences a BMW vehicle using virtual technology at BMW MINI City Lounge at Starfield Hanam (BMW Korea)“Customers will be

Sales of Korean car makers in Saudi Arabia may pick up after the country lifted a ban on women driving, according to a local trade agency Monday. Saudi Arabia decided last month that it would start allowing women who are in their 30s or older to drive from June 2018, partially ending the controversial regulation. (Yonhap)According to the Korea Trade Investment Promotion Agency, the rule change will create an increase in auto demands as women will emerge as potential drivers. Of the total 10 mill

South Korean electronics giant LG Electronics is moving to increase its investments in vehicle components and energy businesses to equip itself with future growth engines.LG Electronics first launched its vehicle components division in July 2013 and it has posted sales growth for nine consecutive quarters. Starting last year, the vehicle components unit has been supplying a total of 11 auto parts and systems, including electric drive motors, power invertor modules, battery cells and high power d

Korea’s state-led water company K-water has wrapped up its co-hosting of the first Asia International Water Week at Hwabaek International Convention Center in Gyeongju, North Gyeongsang Province.Along with the Asia Water Council, K-water hosted the triennial water industry event from Wednesday to Saturday to devise solutions for water issues around the globe, as well as to foster the industry in Asia. A total of some 15,000 officials from the government and international organizations across 69

Hyundai Motor has received a total of 2,100 orders for its newly launched Genesis G70 sports sedan in the first day of sales on Wednesday, the company said Thursday.This is around 42 percent of this year’s sales target of 5,000 units, and threefold the average monthly sales of other European rivals last year in premium vehicle market. Hyundai Motor's Genesis G70 (Hyundai Motor)Following the launch, Hyundai Motor aims to sell 15,000 units next year here in Korea.Hyundai Motor as well plans to lau

S-Oil CEO Othman Al-Ghamdi on Wednesday held the company‘s annual charity event to support the underprivileged on the occasion of Chuseok, the company said Wednesday.The CEO and some 100 S-Oil employees made Songpyeon, Korea’s traditional half moon-shaped rice cake served during Chuseok holiday season, and offered them along with groceries and daily necessities to 800 low-income households in the Mapo area, the company said. The country celebrates Chuseok on Oct. 4 this year.  S-Oil CEO Othman A