Lotte Chemical, which suffered from large-scale mergers and acquisitions (M&A) transactions and deterioration in liquidity of affiliated construction companies, has succeeded in selling its subsidiary in Pakistan and was able to relieve its financial burden.The group will be able to secure 190 billi

Ildong Foodis, a milk powder company that suffered from a deficit in the aftermath of the low birth rate, is writing a reversal drama with 'eating protein'. In a situation where the food trend cycle is shortening and hot selling products are rare, it has grown “Himune” into a mega brand with annual

Ananti is rapidly growing into a hotel and resort company with annual sales of 1 trillion won (expected at the end of this year) based on its unique architectural design called "Ananti Style."CEO Lee Man-kyu of Ananti said, "If Village de Ananti (Busan) is opened in June this year, the advance payme

POSCO Group participated in CES 2023, the world’s largest IT and electronics convergence fair held in Las Vegas, the U.S., this year following last year.CES 2023 is held from Jan. 5 to 8, and at the event, POSCO Group introduced the POSCO Venture Platform, which finds and invests in future new growt

LG Electronics won its most awards ever compared to previous years at CES 2023 held in Las Vegas, the U.S. – with more than 220 recognitions honoring top innovations across its home appliance and home entertainment categories.Among the top honors received by LG at CES 2023 was the coveted, Engadget

For the upcoming Korean New Year this year of rabbit 2023, Pernod Ricard Korea introduced whisky gift sets tailored to many different lifestyles and tastes of recipients, from whisky aficionados and for those that gift-giver wants to express gratitude and respect. Pernod Ricard offers and expands th

LG Chem has started supplying engineering plastics to Mitsubishi Motors for its powder coating parts used as the front fenders of RVR, Delica D:5 and Outlander models.Front fender is located on the side of the vehicles, which not only acts as one of key factors in the exterior design but also protec

CHIVAS, a global whisky icon representing Pernod Ricard Korea, announced on the 11th that it will open its 2 months pop-up store CHIVAS REGAL GIL in Apgujeong Rodeo until the 26th of next month.In particular, "Find Your Way" was selected as a subtitle with the hope of discovering not only the joy of

POSCO Holdings has opened a "ChangeUp Ground Silicon Valley" office in Silicon Valley in the U.S. About 70 people attended the opening ceremony held at the Silicon Valley San Jose office on Jan. 10 (local time), including Park Sung-jin, POSCO Holdings' industry-academic cooperation manager, Lim Seun

Norma, led by CEO Jung Hyeon-cheol, recently signed an MOU with Saudi Arabia's IT infrastructure company ITB and agreed to export solutions that are applied with Post Quantum Cryptography (PQC) technology.The export product will be the IoT security solution "Q Care" series applied with PQC, and the

SK Geo Centric, a subsidiary of SK Innovation, has signed a contract with British company Plastic Energy, which specializes in plastic pyrolysis, completing the “last puzzle” of the world’s first plastic recycling complex to be built in 2025. Amid a surge in demand for plastic recycled products worl

CEO William Cho of LG Electronics reiterated the company’s vision for the future as well as its strategy to strengthen business competitiveness during a press conference held especially for Korean media in Las Vegas, Nevada, the U.S. on Jan. 6.The CEO began by mentioning that, despite the uncertaint

Chairman Yoon Hong-gun of Genesis BBQ announced a drastic increase in the annual salary of new university graduates by 33% compared to the previous year, citing "Best Talent, Best Treatment, and Best Restaurant Company" as the value of management in 2023.Chairman Yoon declared on Jan. 4, "We will op

Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced that it will recruit participants of February class for its sustainable bar operation training program ‘Bar World of Tomorrow’.Pernod Ricard Korea joins hands with its wholesalers and clients to recr

POSCO Group is implementing a Carbon Capture and Storage (CCS) project in Sarawak, Malaysia. POSCO Holdings signed a memorandum of understanding (MOU) with POSCO International, POSCO E&C, and PETROS on a carbon capture and storage project using depleted oil and gas fields at the Sarawak State Govern

The Ministry of Environment notified Hyundai Oilbank that it would impose a fine of 150.9 billion won by holding it responsible for unauthorized discharge of wastewater, it was confirmed on Jan. 5.It is the highest penalty ever for violating environmental-related laws, about one-third of Hyundai Oil

Bosch will present several new sensor-based innovations for mobility – including the RideCare companion solution, which won a Best of Innovation Award from the industry association CTA, at CES 2023in Las Vegas, the U.S..The RideCare companion will play a critical part in the enhancement of safety fo

LG Electronics held its press conference, LG World Premiere, at the Mandalay Bay Convention Center in Las Vegas, Nevada, USA on Jan. 4, 2023. Under the theme of Life’s Good, CEO William Cho shared the company’s continuous efforts to create innovation for a better life and ensure a sustainable future

Trade, Industry and Energy Minister Lee Chang-yang visited the LG Chem’s Osong plant on January 3 to assess recent domestic and international bioindustry trends and discuss measures to strengthen Korea’s competitiveness.Minister Lee received a briefing from the company’s President Son Jee-woong on c

The global wine and spirits company Pernod Ricard Group announced that its premium vodka, ‘Absolut Vodka’ will move to a partially hydrogen energy-fired glass furnace as the first ever in the spirits industry to produce low-carbon glass bottles. This counts as a significant step towards carbon neutr