Taekyung Group announced on Aug. 22 that Chairman Kim Hae-ryun received the grand prize in innovation management from the 24th Korean Academic Society of Business Administration.As the head of Taekyung Group, which leads the domestic inorganic chemical basic materials field, Chairman Kim has emphasi

Vice Chairman Park Jung-ho and CEO Ryu Young-sang of SK Telecom met with Surangel S. Whipps. Jr., the President of the Republic of Palau, on Aug. 20 and requested the Palauan government to support Busan’s bid to host the ‘World Expo 2030’.They also discussed cooperation to upgrade Palau’s communicat

POSCO and Vale signed a joint research agreement to promote HBI production on Aug. 1, the company announced on Aug. 19.Under the pact, POSCO and Vale, a global leading iron ore supplier, will expand cooperation to secure low-carbon steel raw materials.POSCO and Vale decided to conduct joint research

Hyundai Elevator announced on Aug. 22 that it will hold the elevator idea contest, ‘Think Outside The Box’ in Korea, China, Indonesia, Vietnam, Malaysia and Turkey until Sept. 19. The theme of this competition is 'Smart Elevator in the 4th Industrial Revolution Era'.It was prepared to reflect actual

On the occasion of the 50th anniversary of the establishment of the Institute for Far Eastern Studies of Kyungnam University and the 33rd anniversary of the opening of the University of North Korean Studies, an international conference was held at the Hilton Hotel in Seoul on Aug. 18.In the first pa

LG Chem and ADM (Archer Daniels Midland) have completed agreement for ‘Eco-friendly bio plastic’ joint ventures. LG Chem held a ceremony to celebrate the launch of LA (lactic acid) and PLA (poly lactic acid) Ventures’ with ADM (Archer Daniels Midland), the company said on Aug. 16.ADM, a global leade

Interpark has won the commendation from Minister Park Bo-gyoon of Culture, Sports and Tourism, the company said on Aug. 19.With this award, Interpark was recognized for its contribution to attracting global customers and hosting successful events through active participation and publicity in the '20

SK Inc. and SK Energy announced on Aug. 18 that they would acquire the management rights of U.S. energy solution company “Atom Power” for $150 million (about 200 billion won).‘Energy solution’ refers to technology that helps to produce and consume electricity most effectively.SK Inc., SK Energy, and

Interpark will simultaneously hold the Belgian Flanders Beer Festival in Korea and Europe along with Brussels Airport and the Belgian Flanders Tourism Agency. The festival will be held for a week from Aug. 22 at the Rooftop of Baeki in Seongdong-gu, Seoul.The Belgian Beer Festival is one of Europe's

Pernod Ricard Korea announces the launch of premium craft bourbon whiskey, ‘Rabbit Hole’.Founder Kaveh Zamanian was brought into the world of bourbon whiskey by his wife, a Kentucky native, and immediately fell in love with bourbon whiskey. He then sacrificed his successful career as a psychologist

Pernod Ricard Korea announced on August 16 that Royal Salute, a prestige brand, will launch "Royal Salute 21 Year Old Blended Grain," an exceptionally rare blend of the finest grain whiskies aged for a minimum of 21 years.Created for celebration, originally crafted to mark the coronation of Queen El

"There are a lot of American consumers at H Mart and Korean restaurants, which are Korean marts, and there are many Korean brands in popular products during the Amazon sale period," said Ellen Park, a New Jersey assemblywoman in the U.S.Ellen Park said in an interview with the Korea Economic Daily o

SK Innovation Vice Chairman Kim Jun visited Poland on Aug. 9 and requested support from the Polish government for Korea’s hosting of the 2030 World Expo in Busan, the company said on Aug. 11.Furthermore, Vice Chairman Kim discussed ways of cooperation with Poland in terms of SK Group’s green energy

Through a global takeover at Galaxy Unpacked 2022, global pop music artist BTS had the opportunity to sweep the world once again, Samsung Electronics said on Aug. 11.At this year’s Galaxy Unpacked, Samsung Electronics unveiled two never-before-seen digital films starring BTS at iconic public places

Absolut Home, which opened in Seongsu-dong, Seoul, on July 7th, became the talk of the town as the new playground for grown-ups. Absolut Home is a pop-up store created at S Factory in Seongsu-dong from the premium vodka Absolut, one of the flagship brands of Pernod Ricard Korea. As we speak, a total

Six industry leaders in South Korea announced their partnership with the Malaysian national energy company PETRONAS to undertake a cross-border Carbon Capture and Storage (CCS) project on Aug. 2.The six South Korean companies are SK Energy, SK Earthon, Samsung Engineering, Samsung Heavy Industry, Lo

Samsung Electronics announced on Aug. 5 that it will once again be the Overall Event Presenter for WorldSkills Competition 2022 Special Edition, the world’s largest skill championship. The events will take place across 15 countries and regions from September to November of this year.Last year, Samsu

Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, will replace entire corporate vehicles with eco-friendly mobility in an effort to reduce carbon emissions. The company plans to replace all of its corporate business vehicles with eco-friendly versions startin

SK Geo Centric and Veolia Asia held a video conference in the SK Jongno Tower in Jongno-gu, Seoul, to sign the Memorandum of Understanding (MOU) for the activation of a circular economy within the Asian market on July 22.SK Geo Centric is a subsidiary of SK Innovation for eco-friendly chemical busin

By Vice Chairman Song Na-ra, Managing Editor Kevin Lee“Neo Cremar is the world’s first organic galactooligosaccharide manufacturer, leading the organic market,” said CEO Han Ki-soo of Neo Cremar, which boasts of the world’s fourth-largest organic milk powder market share.In an exclusive interview wi