President says special envoys help fill diplomatic hiatus

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Daewoong Pharma: ‘fake copies of Nabota were not sold in Korea’

South Korea’s Daewoong Pharmaceutical on Friday said that no fake copies of its botulinum toxin Nabota were circulated in South Korea, addressing public fears that the inauthentic drugs may have bee...

Updated : 2017.05.12 18:24

Samsung Electronics opens new department focusing on foundry biz

Samsung Electronics Co. on Friday opened a new department under its chip division focusing on the foundry business, in line with the company's efforts to expand its market presence in the area. The ...

Updated : 2017.05.12 17:43

Cargill eyes W1.5tr revenue by 2025 in Korea

US commodity trading company Cargill Inc. said Friday it has set an annual revenue target of 1.5 trillion won ($1.33 billion) for its livestock feed business in South Korea by 2025, vowing to push fo...

Updated : 2017.05.12 15:27

‘Fine dust’ cosmetics may be false advertising

Cosmetics that claim to protect the skin against damage caused by fine dust have been asked to provide evidence. According to the Ministry of Food and Drug Safety on Friday, the agency is requesting...

Updated : 2017.05.12 14:52

Philip Morris may launch smokeless cigarette soon

Philip Morris International is expected to announce the launch of its heated smokeless cigarette IQOS in Korea next week, according to industry sources. IQOS, which has already seen huge success in ...

Updated : 2017.05.12 14:51

Hyundai Wia to produce in-house turbo chargers

Hyundai Wia Corp., an auto parts affiliate of Hyundai Motor Group, said Friday it will produce in-house turbo chargers after years of joint production with its Japanese partner. Hyundai Wia IHI Turb...

Updated : 2017.05.12 13:20

Samsung Electronics promotes 42 executives at chip biz amid chief's absence

South Korean tech giant Samsung Electronics Co. said Friday that it has promoted 42 employees to senior management posts at its chipmaking business as part of its latest regular personnel appointment...

Updated : 2017.05.12 10:35

Hyundai Mipo to give paid leave to idled workers

The management and union of Hyundai Mipo Dockyard, an affiliate of Hyundai Heavy Industries, said Friday they agreed to arrange paid leave for the shipyard's workers idled by a lack of orders. The a...

Updated : 2017.05.12 09:42

Independent game developers betting on passion over profit

South Korea, a thriving hub of technology in Northeast Asia, is also second to none when it comes to the gaming industry, with the size of the local market estimated at 11.3 trillion won ($9.9 billio...

Updated : 2017.05.12 09:14

LS develops cables for easier freight train loading

South Korea’s leading cable manufacturer LS Cable & System has developed movable overhead power cables for trains, the company said Thursday. Overhead rigid conductor systems, like the new cables d...

Updated : 2017.05.11 15:38

Cosmetics firms foresee export control tower

Cosmetics companies in Korea are looking forward to streamlined central control over industry regulations under the newly elected president. During his campaign, President Moon Jae-in pledged to cre...

Updated : 2017.05.11 15:10

Celltrion's operating profit jumps 231% on global sales of Remsima

South Korea’s Celltrion said Thursday that its first-quarter operating profit jumped 231.3 percent on-year to 89.39 billion won ($79 million), led by successful global sales of Remsima, its biosimil...

Updated : 2017.05.11 14:54

Refurbished Galaxy Note 7 to go on sale

The refurbished Galaxy Note 7 is expected to go on sale as early as June in Korea, according to local news reports. Refurbished phones are products resold at a cheaper price after defects have been ...

Updated : 2017.05.11 14:53

Hanwha Chemical Q1 net more than triples on higher prices

Hanwha Chemical Corp., a major chemicals firm here, said Thursday that its first-quarter earnings more than tripled from a year earlier, largely thanks to a rise in prices of its key products. Net p...

Updated : 2017.05.11 14:47

NCSoft’s sales fall short of market predictions

Online game developer NCSoft is facing an earnings shock, with its first-quarter sales falling behind market predictions, according to a results announcement made Thursday. The company was expected ...

Updated : 2017.05.11 14:28