Korea Aerospace Industries (KAI) announced on July 4 that it succeeded in the initial flight of the first Light Armed Helicopter (LAH).The initial flight, which took place at KAI's Sacheon headquarters, lasted about 20 minutes with two Army test flight pilots on board. After taking off about 10

The inaugural meeting of Korea Cloud Business Cooperative was held at the El Tower in Yangjae-dong, Seocho-gu, Seoul on June 27.At the event, Bae Hee-sook, chairman of Korea Cloud BusinessCooperative, said, "Technical companies will unite to become unicorn companies. We will work together with compa

Ssangyong Motor has decided to temporarily suspend operations of its Pyeongtaek plant. It is the first time in 10 years since 2009 when Ssangyong has started to cut production in 2009.According to industry sources on July 3, it has decided to stop production of its Pyeongtaek plant worth 3.25 trilli

Korea Midland Power Co. (KOMIPO), Sprott Korea, and STIC Alternative Asset Management held a joint investment agreement for the Swedish wind power business under the supervision of Hana Financial Investment at Hana Financial Investment's headquarters in Yeouido on July 2, marking the first succe

Hite Jinro said on July 2 that Terra's sales, which marks its 100th day since its launch, have surpassed 100 million bottles.Terra sales reached 3.34 million boxes (330 ml) and 101.39 million bottles as of June 29 . This is 11.6 bottles sold per second, and 2.4 bottles per Korean adult (20 years

Yanolja, a global leisure platform company, has signed a business agreement with KORAIL, the leading rail enterprise in South Korea, to expand its travel and leisure culture.Yanolja and Korail held a business agreement ceremony at the company's headquarters in southern Seoul on June 18 with atte

Korea Smart Human Technology Association (KOSHUMA) and Korea Patent Bar Association (KPBA) signed a business agreement for the development of the smart human technology industry on June 25 at Dream Plus Gangnam in Seoul.The ceremony was attended by Bae Young-hoon, president of KOSHUMA and concurrent

For the 15th consecutive year, Korean Air has received the honor of being ranked No. 1 in global customer satisfaction.Korean Air topped the air passenger transport service category at the "2019 Global Customer Satisfaction Competence Index (GCSI) Excellent Enterprise Awards" hosted by the Global Ma

Merck announced on June 27 that it has opened the next round of applications for startup companies to participate in the global Merck Accelerator program. Startups can choose to participate in one of the two programs, either at the company’s Innovation Center at global headquarters in Darmstadt or a

Yoon Duk-byung, chairman of Korea Yakult, who pioneered Korea's first lactic-acid fermented milk market, died of old age on June 26. He is 92 years old.Yoon was born in Nonsan, South Chungcheong Province, in 1927 and graduated from Konkuk University in political science and diplomacy. He establi

Seoul Pharmaceuticals will export Korean-made impotence treatment drugs to Azerbaijan in Eastern Europe. Seoul Pharmaceuticals said on June 26 that it has signed a contract with Azerbaijan's Loghman Pharm. to supply 10 milligrams and 20 milligrams of Tadalafil ODF, a film-type impotency drugs.Th

KEB Hana Bank said on June 20 that it signed a business agreement with Shinsegae I&C. Under the contract, SSG Pay has decided to officially participate in Hana Financial Group's global payment network platform, the Global Loyalty Network (GLN). Hana Financial Group GLN is a cross-border Global P

Hyosung Chairman Cho Hyun-joon met with Vietnamese Deputy Prime Minister Vuong Dinh Hue during his visit to Korea on June 19 and decided to strengthen bilateral cooperation.Hue is Vietnam's economic control tower, which governs the finance ministry, the investment planning department and the cen

Mirae Asset Daewoo said on June 20 that it has completed the registration of its Payment Gateway (PG) business for the first time among South Korean brokerage houses on June 19. It has become the first among Korean brokerage houses to enter the PG industry.In the meantime, a financial company, PG, w

Korean Air will introduce 20 Boeing 787-10 aircraft, the largest model of Boeing's 787 "Dreamliner," for the first time in Korea. In addition, Korean Air will introduce 10 more Boeing 787-9 aircraft. Korean Air signed a memorandum of understanding (MOU) with Boeing to introduce the aircraft at L

Hyosung TNC, the world's No. 1 player in spandex market share, will participate in "OR Show," a textile exhibition with functional materials such as the global outdoor & sports yarn, which will be held in Denver, the U.S. from June 18 to 20.Hyosung TNC will present "Creora® ActiFit," a powerful

Chicken brand KFC will sell "chicken skin fries" on a limited basis from June 19. The upcoming launch was originally sold at some KFC stores in Jakarta, Indonesia, and has become a hot topic through SNS, and the sale has been confirmed due to a sudden surge in consumer requests while discussing the

VX Network, which has developed a blockchain game service platform called "PlayBits" and is preparing for a game-specific exchange, made an announcement on June 13 that it has signed a memorandum of understanding (MOU) with Blockchain Platform Ontology.Ontology is a blockchain platform developed by

WeMakePrice (WMP)'s attack against Coupang has escalated into a legal dispute. WMP said on June 16 that it recently reported Coupang to the Fair Trade Commission (FTC) on charges of violating the large-scale distribution business law and the fair trade law.WMP claimed that Coupang engaged in unf

SKC is going to strengthen its mobility business by acquiring the world's No. 1 manufacturer of copper foil for vehicle baterteries. SKC said on June 13 that it has decided to buy a 100 percent stake in KCFT for 1.2 trillion won. Copper foil is a thin film made of copper with high-level process