The American Chamber of Commerce in Korea announced Thursday it has named Henry Haggard, a veteran diplomat, as its new US senior adviser. Haggard brings over 25 years of experience in international business and diplomacy, having served in the US State Department and the National Security Council under Presidents Donald Trump and Joe Biden. Notably, he served as political minister counselor at the US Embassy in Seoul and as director of energy diplomacy for Asia and the Middle East. “Haggar

Industry Dec. 19, 2024

Korea Medical Institute announced Wednesday that it has opened its first overseas medical check-up center, Family Medical Center with KMI, in Ulaanbaatar, Mongolia. Located at the E-Mart Bayangol branch, the facility is a joint project between KMI and Mongolia’s Family Medical Center, aiming to improve access to health screenings for Mongolians while introducing advanced Korean medical services, KMI said. The center offers a range of services, including national health screenings, corporat

Industry Dec. 18, 2024

Korean food and beverage manufacturer Dongsuh Foods said Wednesday that it is expanding efforts to give back to local communities through cultural initiatives in music and literature. Since 2008, Dongsuh Foods has hosted the Dongsuh Coffee Classic, an annual free concert series aimed at fostering cultural development and community engagement. Touring cities nationwide, the event partners with local orchestras and musicians, attracting over 18,000 attendees to date, according to Dongsuh. This yea

Industry Dec. 18, 2024

Innocean, a South Korean marketing communications agency under Hyundai Motor Group, announced Tuesday that it has signed a memorandum of understanding with Joopiter, the digital auction platform founded by musician and designer Pharrell Williams, to pursue new business opportunities and expand their presence in Asia. The signing ceremony, held earlier this month at Joopiter’s New York headquarters, brought together Innocean CEO William Lee and Joopiter CEO John Auerbach. The two leaders ag

Industry Dec. 17, 2024

South Korean building materials company LX Hausys has been included in the Dow Jones Sustainability Indices Korea for the 10th consecutive year, the company announced Tuesday, making it the only Korean interior company to earn this recognition. The DJSI, managed by global financial information provider S&P Global, evaluates companies worldwide on their environmental, social and governance performance. LX Hausys received high scores in key areas such as environmental policies, climate strateg

Industry Dec. 17, 2024

LS Materials, a South Korean energy storage device manufacturer, said Monday it is ramping up efforts to develop solutions for renewable energy, data centers and electric vehicles as demand for clean energy and sustainable technology grows. The company recently introduced LS UltraGrid, a rack-type ultracapacitor system designed to stabilize power supplies in renewable energy facilities like wind and solar farms. Renewable energy often faces challenges with power fluctuations due to weather chang

Industry Dec. 16, 2024

Since 2017, Porsche Korea has led corporate social responsibility efforts among imported car brands in South Korea through its Porsche Do Dream campaign. The initiative focuses on five key areas -- education, sports, arts and culture, environment and society -- to address societal challenges and promote sustainable development. By 2024, Porsche Korea has donated 76.3 billion won ($53 million) to various projects, cementing its position as one of the top contributors in the industry. To celebrate

Mobility Dec. 16, 2024

South Korean design software developer Zyx Technology announced Friday that it will donate ZyxCAD licenses worth 1 billion won ($700,000) to Hanbat National University through a memorandum of understanding. The donation will allow more than 500 students and faculty members to use the firm's computer-aided design software for free over the next three years, the company said. ZYX Technology added that the partnership aims to foster innovation in design education, strengthen collaboration on a

Technology Dec. 13, 2024

IMM Private Equity and IMM Investment Consortium announced Friday the completion of their acquisition of Ecobit, South Korea’s largest waste management company, as part of their strategy to lead the sustainable waste management industry. The 2.07 trillion won ($1.4 billion) deal was finalized in August through a share purchase agreement with TY Holdings, the holding company of Taeyoung Group, and global investment firm Kohlberg Kravis Roberts, securing for IMM Consortium full ownership of

Industry Dec. 13, 2024

Mastern Investment Management, a South Korean real estate investment firm, announced Friday that it has finalized the sale of Center Point Gangnam, a newly built office tower near Gangnam Station in Seoul, to local fashion giant F&F for 351.9 billion won ($246 million). Center Point Gangnam features six basement levels and 14 above-ground floors, spanning a total floor area of 27,000 square meters. According to Mastern, its modern design is tailored to maximize space efficiency, giving it a

Industry Dec. 13, 2024

SK Bioscience announced Thursday that it has received approval from Australia’s Human Research Ethics Committee to start Phase 1/2 clinical trials for GBP560, an mRNA-based vaccine candidate targeting Japanese encephalitis, a mosquito-borne disease that can cause severe neurological complications. The vaccine is part of the 100 Days Mission, an initiative by the Coalition for Epidemic Preparedness Innovations seeking to enable the world to produce a vaccine within 100 days of the outbreak

Industry Dec. 12, 2024

LS Eco Energy, a subsidiary of LS Cable & System, said Tuesday it posted record-high revenue in the third quarter, driven by strong export performance in its power and telecommunications businesses. The company reported revenue of 223.4 billion won ($156 million) for the July-September period, up 33 percent from a year earlier. Operating profit rose 14 percent to 12.5 billion won, while net profit surged 227 percent to 8.4 billion won, fueled by strong sales in North America and Europe. Dema

Industry Dec. 11, 2024

Kolmar Korea announced Wednesday that it has been named one of the World's Best Companies in Sustainable Growth 2025 by US weekly magazine Time. Ranking 125th among 500 global firms, it is the only Korean cosmetics company on the list. The rankings, compiled by German market research firm Statista, evaluated 70 million companies across 150 countries based on revenue growth, financial stability and environmental impact on a 100-point scale. Kolmar Korea scored 81.44 points, placing in the t

Industry Dec. 11, 2024

올해 경력자들의 해외 이직이 뚜렷한 증가세를 보이며 주요 구직트렌드로 주목 받고 있다. 한국에서 종합 HR솔루션 서비스를 제공하는 맨파워코리아에 따르면 올해 글로벌 리크루팅 매출이 본부 전체 매출의 10% 이상을 차지하며 2022년 대비 약 10배 성장했다. 코로나 직후였던 2022년 매출 비중이 1% 미만이었던 점을 고려하면 괄목할 만한 성과다. 여기서 말하는 ‘글로벌 리쿠르팅 매출’은 맨파워코리아가 전 세계 네트워크를 활용해 지리적 장벽 없이 국내외 기업과 숙련된 전문가를 연결하는 서비스를 의미한다. 글로벌 이직은 크게 두 가지 유형으로 구분된다. 첫째, 국내 고급 인재의 해외 진출과 해외 인재의 국내 기업 혹은 해외 기업의 한국 법인에 채용되는 경우다. 특히, 인공지능(AI) 도입을 비롯한 첨단 기술 혁명과 주요 국가들의 세금 정책 급변 등이 이러한 트렌드를 더욱 가속화할 것으로 보인다. 맨파워코리아의 고급인재 채용 서비스를 책임지고 있는 Professio

한국어판 Dec. 10, 2024

Global job mobility has emerged as a dominant trend in 2024, with an increasing number of professionals here seeking career opportunities abroad, data found Monday. According to data released by the professional search division of Manpower Korea, global recruitment sales accounted for over 10 percent of the division’s total revenue this year, a tenfold increase from 2022. The company noted that the global sales proportion was less than 1 percent just two years ago, highlighting a significa

Industry Dec. 9, 2024