President Moon Jae-in has carried out a smaller cabinet reshuffle, replacing four ministers, including Kim Hyun-mee, minister of the Ministry of Land, Infrastructure and Transport (MOLIT) on Dec. 4.Chung Man-ho, the Presidential senior secretary for public communication, said in a briefing at Chong
Hanwha Solutions will build a green hydrogen production complex based on renewable energy through a public-private-government partnership investment project.Related to this, Hanwha Solutions signed a memorandum of understanding (MOU) with Gangwon-do and Korea Gas Technology Corp. on Dec. 3 to streng
유럽을 대표하는 35년 전통의 독일 웰니스 기업, LR 헬스 & 뷰티 (LR Health & Beauty)의 한국 지사가 12월중 아시아 최초로 국내 시장에 공식 출범한다.1985년 독일 알렌(Ahlen)에 설립된 LR 헬스 & 뷰티는 유럽 시장을 선도하는 네트워크 마케팅 기업으로 ‘당신의 삶을 위한 더 나은 품질(More Quality for Your Life)’이라는 전사적 목표와 책임하에 300가지가 넘는 다양한 맞춤형 건강기능식품과 화장품 등 프리미엄 헬스 & 뷰티 제품군을 보유하고 있다. 2020년 기준, 유럽 28개국에서
“LR Health & Beauty, a leading company in the European network marketing industry, will enter into the Korean market by establishing a branch in Seoul in December,” LR Health & Beauty Korea CEO Andreas Grootz recently said.In an interview with The Korea Post, CEO Grootz said, “Korea will be the firs
Woori Bank has been honored as the "Global Bank of the Year" by The Banker, a global financial magazine, for the first time in the nation’s banking industry.The Banker also presented three awards, including the Best Asian Bank and the Best Korean Bank, to Woori Bank, the commercial bank said on Dec.
Hyosung Group Chairman Cho Hyun-joon said on Dec. 2 that the group will expand its spandex plant in Brazil after Turkey to cement its No. 1 status in the global spandex market.Related to this, Hyosung T&C will invest 40 billion won (some $36 million) by December next year to increase the production
Hanwha Systems has obtained the highest level of Level 5 certification in the latest 2.0 version of "Capability Maturity Model Integration (CMMI)," an international R&D capacity evaluation standard.CMMI is a global software and system quality control competency assessment model developed by the Inst
SK Corp. will enter the hydrogen business to strengthen the ecosystem of the domestic hydrogen market and accelerate management of ESG (environment, society, and governance), the holding company of SK Group said on Dec. 1.The company has recently established a hydrogen business promotion team with a
Mirae Asset Global Investments won a lawsuit against China's Anbang Insurance on Nov. 30 in connection with a contract to acquire hotels in the U.S., the company said on Dec. 1.Accordingly, Mirae Asset is expected to receive $580 million in down payment as well as transaction-related expenses.On the
강원도 평창군은 문화관광 대표축제인 「평창송어축제」와 「평창효석문화제」의 중장기 발전방향과 구체적 개선방안 마련을 위한 마스터플랜 수립을 완료했다고 2일 밝혔다.이번 마스터플랜 연구용역은 축제 전반에 대한 진단 및 분석, 진단결과에 따른 문제점 및 당면과제 발굴, 축제 방문객 체류시간 극대화를 위한 공간 및 동선의 재설계, 지역주민 소득창출을 위한 연계 관광상품 개발, 코로나 19 신종 감염병 대응방안 마련 등이 주요 과업으로 추진됐다.평창송어축제는 겨울철 기상이변으로 얼음이 얼지 않을 경우를 대비해 대체 낚시터 조성과 창작 썰매경
Unionized workers at GM Korea voted down a tentative wage deal for the year, the company said Tuesday. With the agreement rejected, GM Korea is expected to continue labor-management conflicts for the time being.The GM Korea branch of the Korean Metal Workers' Union said on Dec. 1 that only 45.1 perc
Ssangyong Motor has obtained additional permission from the Ministry of Land, Infrastructure and Transport to temporarily operate self-driving cars Level 3 and start test driving on general roads in December.The Ssangyong car that was approved for temporary operation is a Korando-based self-driving
Hanmi Pharm has won the "K-ICT Information Protection Award" for the first time in the pharmaceutical bio industry, the company said on Nov. 30.Marking its 19th anniversary this year, the K-ICT Information Protection Grand Prize is awarded by the Ministry of Science and ICT to companies and individu
Doosan Heavy Industries & Construction said on Nov. 30 that it has signed an agreement with Korea Western Power Co. for development of a hydroelectric power plant in Phou Ngoy, Laos.The project is being carried out jointly with Korea Western Power Co. after Thailand's developer company, Charoen Ener
S-OIL held the "2020 Citizen Hero of the Year Award Ceremony" at its headquarters in Gongdeok-dong, Mapo-gu, Seoul on Nov. 30.S-OIL said, “Our company has selected 19 civic heroes of the year who displayed righteous spirit of sacrifice to save their neighbors in danger and delivered 140 million won
Samsung Heavy Industries has signed a contract with a shipping company in Oceania to build one LNG carrier worth a total of 206.2 billion won (some $185 million). The vessel will be delivered by July 2023.Samsung Heavy Industries said on Nov. 30 that it also won an additional order for an S-Max oil
Hanmi Pharm and GC Pharma plan to jointly develop new global innovative drugs for rare diseases.Hanmi Pharm and GC Pharma have signed a contract to jointly develop a next-generation innovative drug to treat LSD (Lysosomal Storage Diseases), a rare hereditary disease.They signed a memorandum of under
PM Modi undertook a 3-city tour to conduct an extensive review of the vaccine development and manufacturing process. He visited the Zydus Biotech Park in Ahmedabad, Bharat Biotech in Hyderabad and Serum Institute of India in Pune.Two of these sites are where India is indigenously developing vaccines
"The Woori Financial Group's Annual Report 2019" won the Platinum Prize in the annual report category of the "2020 LACP Spotlight Awards" organized by the U.S. League of American Communications Professionals (LACP), the group said on Nov. 27.LACP is a global promotion and marketing research organiza
Chung Mong-koo, honorary chairman of Hyundai Motor Group, who had been hospitalized for treatment of chronic diseases, left the hospital four months later and returned home.Chung was discharged from Asan Medical Center in Songpa-gu, Seoul, and returned to his home in Yongsan-gu, Seoul. Chung was hos