The Korean Intellectual Property Office is ramping up efforts to lead a global intellectual property ecosystem by expanding strategic partnerships globally. Its renewed efforts come amid the country's rising number of patented properties worldwide and its expanding presence in the global IP market. South Korea has ranked fourth in the number of International Patent Cooperation Treaty applications, a system that allows one patent application filed with the World Intellectual Property Organiz

Industry July 27, 2023

GS Engineering and Construction announced Wednesday that its UK-based subsidiary modular company Elements Europe has secured a construction contract for the Camp Hill project, the largest modular housing project in the UK. The project, valued at around 210 billion won ($164 million), is a city redevelopment project by the UK's Goodstone Living at Camp Hill site located around 1.6 kilometers from the Birmingham city center. The project aims to construct six buildings, spanning three to 26 f

Industry July 26, 2023

Vine Group has teamed up with Goodwill Store to host a donation campaign throughout July, marking their fifth collaboration since 2019. Under the theme "connecting hearts, connecting sharing and connecting values," this year's campaign aims to encourage recycling and create job opportunities for the disabled. Goodwill Store, Vine Group's longtime collaboration partner, is a company committed to transforming the lives of people with disabilities through employment. The company

Industry July 26, 2023

South Korean steelmaker Posco is ramping up its efforts to revitalize depopulated areas in the provinces by renovating abandoned houses under its ongoing project, Steel ContiNew. The project was first launched in December 2021 to address growing concerns over an increase in the number of abandoned houses in areas outside of Seoul caused by a combination of factors including the country's declining birth rate, rapid aging and the shrinking population particularly in the countryside. By u

Industry July 26, 2023

Posco International announced Tuesday that it has inked a production sharing contract with the Indonesian government and its state-run oil company Pertamina Hulu Energi, in a move to secure the share of oil produced from the Bunga gas block located off Indonesia's eastern Java island. The signing event was held at Tangerang, Indonesia, earlier on the day with top executives including Posco International CEO and Vice Chairman Jeong Tak and PHE CEO Wiko Migantoro in attendance. A production s

Industry July 25, 2023

Bacardi Korea has collaborated with four emerging Korean artists in a Bombay Sapphire brand exhibition, under a global campaign named Stir Creativity, which is running until July 31 in Seoul. Bombay Sapphire, founded in 1761, is a premium London Dry Gin brand famous for its unique vapor infusion method that utilizes 10 botanical ingredients from various corners of the world. The brand ranked first in sales in the domestic gin market last year. Works by the artists -- Goo Gi-jeong, Park Seon-mi

Industry July 24, 2023

A group of ambassadors, consuls and their families make Korean-style fried chicken during a class offered by South Korean fried chicken franchise Genesis BBQ in Gwangju, Gyeonggi Province, Friday. The event was attended by diplomats from nine countries, including Malaysia, Panama, Congo, Sierra Leone, Zambia, Nigeria, Uzbekistan, the Ivory Coast and the UK. BBQ plans to hold more classes until the year-end, inviting diplomats and their families to taste and make its signature chicken dishes, suc

Industry July 24, 2023

South Korea’s largest chemical company LG Chem said Friday it is accelerating efforts to create a more flexible corporate culture and foster better communication between executives and employees. As part of related efforts, the company recently launched its new initiative called the CEO Discussion Table, which brings together CEO Shin Hak-cheol and junior employees to freely exchange their opinions on the company’s key strategies and business directions. Through the non-hierarchica

Industry July 21, 2023

A new art museum featuring some 23,000 artworks collected by the late Samsung Group Chairman Lee Kun-hee is expected to be built in central Seoul in 2028 after getting regulatory approval Thursday. The museum was one of the six construction projects whose feasibility reviews gained approval from the Ministry of Economy and Finance. Following his death in 2020, his family donated a total of 23,181 art pieces previously owned by Lee. The collection includes various masterpieces by renowned Korean

Industry July 21, 2023

South Korea’s government procurement agency said Friday it is ramping up support for local companies to accelerate their expansion into overseas markets and boost the nation’s exports overall. Affiliated with the Ministry of Economy and Finance, the Public Procurement Service oversees and manages contracts of goods, services and construction to facilitate the procurement and supply of goods for the public sector. PPS Administrator Kim Yoon-sang also renewed the agency’s commitm

Industry July 21, 2023

Winners of the 15th Multicultural Family Award, hosted by Hana Financial Nanum Foundation, pose for a photo at the ceremony held at the financial group’s headquarters in central Seoul, Monday. Since its launch in 2009, the award aims to support the integration of immigrant women in South Korea. This year’s top winner is Ra Ji-won from Vietnam with 13 years of marriage with his Korean husband, who has served as a reliable mentor for newlywed immigrants in the country.

Industry July 19, 2023

South Korea’s SMEs and Startup Ministry and Indonesia’s Cooperatives and Small and Medium Enterprises Ministry are set to co-host the fourth Korea-ASEAN Business Model Competition for SDGs 2023, which will run from August through October. According to the organizing committee Wednesday, the annual competition, launched in 2020, aims to support the development of startups and SMEs from South Korea and Southeast Asian countries dedicated to achieving the Sustainable Development Goals

Industry July 19, 2023

BC Card announced Tuesday that it has signed a memorandum of understanding with Uzbekistan’s state-run payment network operator National Interbank Processing Center to establish a payment network connecting the two countries. The signing event was held earlier in the day at the Central Bank of Uzbekistan in Tashkent, with BC Card CEO Choi Won-seok and NIPC Shukratbek Kurbanov CEO, in attendance. The latest deal marks the company’s third business expansion into Central Asian countri

Industry July 18, 2023

The state-run Korea Post said Monday that it plans to bolster cooperation with the Kahala Posts Group, an alliance of 11 postal operators, to enhance the quality of international mail services and joint market expansion. Korea Post Director General Kim Hong-jae presented the current status and performance of Korea’s international postal services and its goals while attending the Kahala Post Group's annual meeting in Paris, France, Thursday. KPG was launched in 2002 by six major postal

Industry July 17, 2023

Mercedes-Benz Korea said Sunday that a total of 11 South Korean college students have visited the carmaker’s facilities in Germany, including a smart factory in Sindelfingen and an AMG factory as part of an industry-university cooperation program, named Mercedes-Benz Mobile Academy. Since the program’s 2014 launch, more than 150 students have visited the European country. “I hope this year’s headquarters visit program will serve as a good referendum for the young traine

Industry July 16, 2023