DAYLI Partners, one of the leading biotech venture capital firms in South Korea, is collaborating with TIAP (Toronto Innovation Acceleration Partners), a technology commercialization organization for leading hospitals and research institutes in Ontario, to establish a global venture capital fund foc

LG will strengthen global open innovation to secure future growth engines in partnership with Massachusetts Institute of Technology (MIT).LG Technology Ventures, a corporate venture capital run by LG, co-hosted 'MIT Startup Showcase' with MIT on Oct. 10 (local time) in Silicon Valley.LG Tech

CJ CheilJedang is promoting its global Korean food brand Bibigo ahead of the regular PGA Tour event called "THE CJ Cup."CJ CheilJedang will introduce new Bibigo global TV ads in the U.S. starting from Oct. 17. The ad was designed to target the 2035 Millennial generation in the U.S. The reason is tha

Hyundai Heavy Industries (HHI) is set to build the next-generation Aegis destroyer of the Korean Navy.HHI said on Oct. 10 that it has signed a "Gwanggaeto-III Batch-II detailed design and leading ship building contract" worth a total of 676.6 billion won with the Defense Acquisition Program Administ

The "TLC teen school," developed by Taejeon Group for teenagers, has been adopted as a regular curriculum for the public Meister High School for the first time.Taejeon Group (vice chairman Oh Young-seok) said on Oct. 11 that its mentoring program "TLC Teen School" has been adopted as a regular class

KGC (Korea Ginseng Corp.) officially sponsored the “World Vision Global 6K for Water” running event at Sangam World Cup Park's Peace Plaza in Seoul on Oct. 3.The World Vision Global 6K for Water event is a global donation event designed to empathize and help participants walk and run for more th

Samsung Heavy Industries (SHI) has won an order for large container ships worth 1 trillion won, signaling that it will meet its order target for this year.SHI said on Oct. 8 that it has won a contract from Evergreen, a Taiwanese shipping company, for about 1.1 trillion won ($920 million) to build si

S-OIL, led by CEO Hussain Al-Qahtani, delivered 100 million won in donations to the Seoul branch of the Korean Red Cross on Oct. 8 to help families in crisis and vulnerable people in need of urgent assistance.Since 2017, S-OIL has been delivering donations to the Seoul branch of the Korean Red Cross

LG Hausys refuted the controversy over the detection of carcinogens above the standard level in insulation, saying, "There is no safety problem.""Although there are no government-approved indoor air quality standards or test methods for insulation products, we are confident that they are safe after

KT is going to enter the halal certification market in earnest. KT signed an agreement with Korea Muslim Federation (KMF), a halal certification institution, and B-square Lab, a company specializing in developing blockchain technologies, on Oct. 7 for halal certification trust platform business.As o

The BBC World Service has agreed a new partnership with the Korean internet giant, Naver, which will see BBC Minute and five-minute news bulletins available on Naver’s voice-activated artificial intelligence (AI) speaker, Clova.BBC Minute is a pacey 60-second news summary that keeps audiences update

Hanwha System will launch a full-fledged public offering to list the KOSPI in the stock market. Hanwha System said on Oct. 4 that it has submitted a securities report to the Financial Services Commission. Previously, the company passed a preliminary screening process for listing on Sept. 25. Hanwha

It predicted that the cost of the Renewable Portfolio Standard (RPS), which Korea Electric Power Corp. (KEPCO) uses to buy electricity from small solar and wind power operators, will increase rapidly, exceeding 4 trillion won by 2023, the Korea Economic Daily reported exclusively on Oct. 6. It is af

The "Seoul World Fireworks Festival 2019 with Hanwha" was held in a booming mood for about two hours from 7 p.m. on Saturday, Oct. 5, in front of the 63 Building in Yeouido, Seoul, and around Hangang Park in Ichon district.The fireworks festival, which marks its 17th anniversary this year since the

Although GS Caltex CEO Huh Se-hong, the 4th generation of the GS family, was excluded from the list of witnesses for the parliamentary inspection due to his overseas business trip, he reportedly enjoyed golf overseas, causing controversy.CEO Huh was initially selected as a witness for the parliament

Shinhan Bank Vietnam, a local unit of Shinhan Bank in Vietnam, said on Oct. 2 that it has won approval from the State Bank of Vietnam to implement "Basel 2."Shinhan Bank Vietnam's approval to implement the "Basel 2" is the first case among foreign banks in Vietnam, including Korean banks. This w

SK Telecom made an announcement on Oct. 1 that it received the top indoor Wi-Fi network at 'WBA Industry Awards' held in Frankfurt, Germany on Sept. 30 (local time).The WBA Industry Awards are hosted by the Wireless Broadband Alliance, which is comprised of major global telecommunication bus

Hyundai Rotem won an additional project in the U.S. market for the first time in nine years, setting the stage for a re-launch of its business there.Hyundai Rotem said on Oct. 1 that it has won a contract to supply 80 second-floor passenger cars ordered from Massachusetts Bay Transportation Authorit

POSCO E&C's "The Sharp Clark Hills" under construction in the Philippines has been designated as a partner facility for the Philippines' retirement office. POSCO E&C signed an agreement with the Philippine Department of Tourism's retirement office on Sept. 25 to designate "The Sharp Clar

Genesis BBQ, one of the country's largest franchise groups, signed a business agreement with Jeollanam-do to successfully host the 2019 International Agricultural Fair.A mutual business agreement ceremony was held at the Jeollanam-do Office in Muan County, Jeollanam-do on Sept. 30 to enhance the