SEOUL, Aug. 14 (Korea Bizwire) — South Korea recaptured the top spot in new global shipbuilding orders for the first time in five months in July, industry data showed Monday. Local shipyards clinched orders totaling 1.46 million compensated gross tons (CGTs) to build 29 ships, accounting for 44 percent of the global total of 3.33 [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it will launch the all-new Santa Fe SUV in the domestic market this week, with the goal of selling 28,000 units this year. The fifth-generation Santa Fe, set to go on sale on Wednesday, will be available with [...]
SEOUL, Aug. 14 (Korea Bizwire) — “Old money aesthetic,” a fashion style prevalent among the upper class in the U.S. and Europe, is enjoying a resurgence in popularity among Korean youth. During the first half of the year, Brunello Cucinelli, an established high-end fashion brand available through South Korean retailer Shinsegae International Inc., experienced a [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korean pharmaceutical companies, currently involved in developing drugs for diabetes and obesity, are emphasizing the improvement of usage convenience by extending drug efficacy durations and modifying formulations. Peptron Inc. is progressing toward transferring PT404, a sustained-release diabetes and obesity treatment formulation, to global pharmaceutical firms. Unlike existing treatments [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, unveiled an electric vehicle adorned with Indonesia’s traditional batik pattern to commemorate the 50th anniversary of diplomatic ties between Seoul and Jakarta. Hyundai Motors Indonesia last week showcased the all-electric Ioniq 5 Batik edition at the Indonesia International Auto Show (GIIAS) in [...]
SEOUL, Aug. 13 (Korea Bizwire) — Hyundai Bioscience Co. said Sunday it will develop a broad-spectrum antiviral drug with the U.S. National Institutes of Health (NIH), a federal agency for conducting and supporting medical research. Hyundai Bioscience USA, a wholly owned subsidiary of Hyundai Bioscience Co., signed a Non-Clinical Evaluation Agreement (NCEA) with the National [...]
SEOUL, Aug. 13 (Korea Bizwire) — Cosmax Inc., South Korea’s major cosmetics manufacturer, said Sunday its factory jointly built with Yatsen Holdings has begun operations in Guangzhou, China. Cosmax set up a joint venture, Yatsen Biotechnology, with the New York-listed Chinese Yatsen in 2020, and began construction of the 60,593-square-foot factory, Asia’s biggest cosmetics factory. [...]
SEOUL, Aug. 13 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Sunday it will invest US$100 million in the U.S. artificial intelligence (AI) company Anthropic in a partnership deal to expand its footprint in the AI sector. Anthropic is a San Francisco-based AI safety and research company, with products like the [...]
SEOUL, Aug. 12 (Korea Bizwire) — About 10,000 young Scouts and adult volunteers who participated in the 2023 World Scout Jamboree in South Korea are ready to depart back home Saturday, the interior and safety ministry said. According to the ministry, over 10,000 participants headed to the airport on Saturday alone to return to their [...]
SEOUL, Aug. 12 (Korea Bizwire) — BTS member V topped the iTunes Top Song charts in 70 countries around the world with his new solo single, “Rainy Days,” on Saturday, a day after its release, his agency said. “Rainy Days,” one of the six tracks on his upcoming debut solo album, “Layover,” was at No. [...]