Oct 17, 2019   Industry

Asiana Airlines introduces A350-900 to focus on long-haul flights

Asiana Airlines, the country’s second-largest full-service carrier in terms of sales, has added Airbus’ A350-900 for service to focus on strengthening long-haul flights, the firm said Thursday. The company said it will introduce up to 30 of the A350s by 2025, to increase its competitiveness in operating diversified, mid- and long-distance flight services. The latest introduction of the new A350-900 is the air carrier’s 10th of its kind.  The air carrier has been recen

Oct 17, 2019   Industry

Daewoong’s BTX launches in Canada

Daewoong Pharmaceutical’s wrinkle-removing botulinum toxin Nabota has launched in Canada under the name Nuceiva, the company said Thursday. Marketed outside of Korea by US-based Evolus, Daewoong’s product is the first Korea-made BTX to penetrate the US market. Evolus gained the US Food and Drug Administration’s sales approval for the drug in March and launched it under the name Jeuveau in May.  As for the launch in Canada, Park Sung-soo, head of Daewoong’s Nabota bus

Oct 16, 2019   Industry

Macallan releases Edition No. 5 in new color

Macallan has released a new whisky called Edition No. 5, in collaboration with the Pantone Color Institute, to demonstrate its craftsmanship and pioneering design, importer Edrington Korea said Wednesday. Inspired by Macallan’s natural color spectrum, the Pantone Color Institute developed a new color it has named “The Macallan Edition Purple” for the first time in the world, and applied it to the packaging of the latest whisky product, it added.The color symbolizes the whisky b

Oct 16, 2019   Industry

[From the Scene] Hanwha automation boosts solar efficiency　

JINCHEON, North Chungcheong Province -- At Hanwha Q Cells’ factory in Jincheon, North Chungcheong Province, there are hardly any workers. The five assembly lines -- 330 meters wide and 100 meters long -- are run by eight workers each. The high-quality solar cell and module manufacturer claims it is one of the most automated factories in the global industry.  “Automation is important. When an employee touches cells or modules, fingerprints or microcracks can be left on the produc

Oct 16, 2019   Industry

Korean executives getting younger: study

Executives at South Korea’s large businesses are fewer in number this year and are getting younger, a study found Wednesday.According to recruiting company Unico Search, Korea’s top 100 companies had a total of 6,932 executives, around 100 fewer than last year. The majority, 60 percent, were between the ages of 45 and 54. The most popular birth year for CEOs was 1962. The 27-person list of CEOs born that year includes Korean Air CEO Woo Ki-hong, GS Engineering and Construction CEO Li

Oct 16, 2019   Industry

GS Group chairman calls for return to fundamentals amid uncertainties

GS Group Chairman Huh Chang-soo on Wednesday opened the fourth-quarter GS Group executive meeting with words of caution, calling for the company to return to fundamentals amid uncertainties. “Once the fundamentals are strengthened, a proper growth path will appear,” Huh said, citing a passage from the Analects of Confucius. The meeting was attended by some 150 executives and staff members of GS affiliates.During the meeting, Huh rolled out three key paths that GS Group should take du

Oct 16, 2019   Industry

Supreme Court finalizes suspension of FSC restriction on Samsung BioLogics

BioLogics wins room to breathe, prepare for actual suit against prosecutors

Oct 16, 2019   Industry

Korean Air, Raytheon partner for ISTAR military solution

South Korean full-service carrier Korean Air said Wednesday that it had partnered with US weapons and military electronics firm Raytheon to cooperate on the Korean military’s Intelligence Surveillance Target Acquisition and Reconnaissance (ISTAR) solution. ISTAR is used for missions such as disaster monitoring, border security and protection against ballistic missiles, as well as to track mobile ground targets. The British Royal Air Force is one of Raytheon’s clients, using it o

Oct 16, 2019   Industry

SK Global Chemical showcases eco-friendly materials at K Show 2019

SK Global Chemical said Wednesday it is participating in a plastic and rubber trade fair in Germany to promote its packaging and automotive materials globally.According to the chemical affiliate of energy giant SK Innovation, it is taking part in this year’s K Show in Germany’s western city of Dusseldorf from Wednesday to Oct. 23.  The firm’s two key businesses are being promoted via separate booths with different themes: one-stop packaging solutions and eco-friendly, ultr

Oct 16, 2019   Industry

[Herald Interview] Is it a go or a no for Korean bio investment?

PMG Investment Solutions’ head of health care investment says investors need to understand science better

Oct 15, 2019   Industry

Daewoong, Medytox lock horns over BTX DNA report

Rivals take tougher stances as contradictory DNA expert reports submitted to ITC

Oct 15, 2019   Industry

Posco wins innovation prize at Steelie Awards

South Korean steelmaker Posco announced Tuesday it has bagged the innovation prize at the 10th Steelie Awards for its eco-friendly advanced resolution printing technology. This year’s Steelie Awards, hosted by the World Steel Association (worldsteel) was held Tuesday in Mexico’s northeastern city of Monterrey. Posco Group Chairman Choi Jeong-woo attended the awards ceremony.  Posco’s advanced resolution printing technology dubbed Posart, allows the firm to print high-defin

Oct 15, 2019   Industry

[Photo News] Foreign Company Day

FOREIGN COMPANY DAY -- Winners pose for a photo on 2018 Foreign Company Day in Seoul on Nov. 5, 2018. This year on Nov. 4, the Ministry of Trade, Industry and Energy is hosting 2019 Foreign Company Day at Grand InterContinental Seoul Parnas. Organized by the Korea Foreign Company Association, the annual event is held to acknowledge foreign-invested companies and related organizations that have contributed to the domestic economy. (FORCA)

Oct 15, 2019   Industry

SK Global Chemical to purchase Arkema’s functional polyolefins business

SK Global Chemical is set to acquire French chemical firm Arkema’s functional polyolefins business, in the latest move to boost its packaging business, the firm said Tuesday. The acquisition, worth 335 million euros ($369 million), is expected to be finalized by the second quarter of next year. The proposed deal is currently under review by antitrust authorities.“This will give SK Global Chemical the competitive edge in American and European markets, where packaging industries are hi