"As lifestyle trends change, the interior design of a car changes as well. For example, in the past when smoking in the car was prevalent, cars used to have ashtrays. But now, these ashtrays are gone and instead there are USB ports,” Bak pointed out. After graduating with a master’s degree in industrial design from the Korea Advanced Institute of Science and Technology, Bak has worked as a UX de...

Celltrion’s Vegzelma, a bevacizumab anticancer biosimilar referencing Avastin, has been approved for sales in Japan, the South Korean biopharmaceutical company said Tuesday. According to Celltrion, the Japanese Ministry of Health, Labor and Welfare on Monday granted Vegzelma marketing approval for the treatment of multiple types of cancer including colorectal cancer, non-small cell lung cancer, ...

South Korean biotechnology company Bertis has signed a contract with the Raffles Medical Group to supply its early stage breast cancer detection product Mastocheck, the world’s first proteomics-based blood diagnosis solution. According to Bertis, the two sides on Monday signed a deal to supply Mastocheck to about 30 medical institutions operated by the Raffles Medical Group in Singapore. Bertis ...

Posco said Tuesday it is making an all-out effort to stabilize the supply chains for stainless steel products after production at its steel mills in Pohang, North Gyeongsang Province, was hit by a recent flood. In particular, the company plans to covert export-oriented products into those for the domestic market in an effort to prevent a glitch in local supply chains. Stainless steel products w...

Ian Callum, the man behind the British carmaker Jaguar’s renaissance in recent decades, urged designers to transform the way they interpret transportation as a mere object for mobility, saying that the world that is rapidly changing and facing an array of problems that didn't exist before. “Design creates order out of chaos, but chaos is often required as a prerequisite to being creative,” he sa...

Global messaging app provider Line Corp. said Tuesday that Line Man Wongnai, its delivery platform operated in Thailand, has raised $265 million in a funding round led by Line Corp. and Singapore's sovereign wealth fund GIC. Other investors in the Series B funding include BRV Capital Management, PTT Oil and Retail Business Public Co., Bualuang Ventures and Taiwan Mobile. With the new investment...

SK Group on Monday launched the Ulsan Forum, a regional communication channel where SK companies, experts, academics and the local community talk about the future growth direction of the city and the provincial economy. The launch comes as SK Innovation marked the 60th anniversary of its Ulsan CLX, the nation’s first oil refinery built in the industrial city, some 300 kilometers southeast of Seo...

Asiana Airlines Inc., South Korea's second-biggest carrier, said Tuesday it will expand flights to Japan from late October on Japan's decision to ease travel restrictions despite the COVID-19 pandemic. Japan announced last week it will lift the ban on the number of inbound passengers and resume visa-free travel for visitors from specific countries, including South Korea, from Oct. 11. Currently...

South Korean mobile carriers SK Telecom Co. and KT Corp. have raised the amount of subsidies for the high-end model of Samsung Electronics Co.'s latest foldable smartphone ahead of next month's scheduled launch of new iPhone models in the country, according to industry sources Tuesday. SK Telecom, the country's largest wireless carrier, raised its subsidies for the 512-gigabyte model of Samsung'...

Airport officials of South Korea and Japan on Monday pledged to make all-out efforts to facilitate travels between the two countries, with the resumption of visa-free, individual tours to Japan starting Oct. 11. According to the Korea Airports Corp., the state-run agency’s President and CEO Yoon Heyong-joon traveled to Japan to hold talks with airport- and tourism-related officials in Tokyo and ...

Leading refiner SK Innovation said on Monday it held a tree planting ceremony for SK Ulsan Forest of Happiness, in celebration of the company’s 60th year anniversary on Monday. The ceremony, held in light of the company’s initiative to achieve net-zero emissions, was held in the forest fire-damaged area of Ulju. The company will be planting 180,000 wild cherry trees in 60 hectares of land there ...

South Korea's defense-to-energy conglomerate Hanwha Group said Monday it has signed a conditional memorandum of understanding with Daewoo Shipbuilding & Marine Engineering to acquire a controlling stake of 49.3 percent and managerial control of the shipbuilder, which has been under the state supervision for 21 years. Under the memorandum, Hanwha’s six affiliates -- including its defense unit Han...

Pernod Ricard's Kyoto dry gin KiNoBi made its South Korean debut earlier this month, targeting a growing number of drinkers here who may drink less but are willing to spend more to elevate at-home bar experience after pandemic years. “COVID-19 has reduced opportunities for people to mingle and socialize, so people looking for a luxury experience started to choose to enjoy them at home, trying ou...

Over the last few years, pandemic-triggered market volatility has provided great business opportunities for South Korean startups. But in the face of a deteriorating market outlook driven by Russia's invasion of Ukraine and inflation, only a handful of startups with strong business portfolios could keep their title as “the next unicorn” with a corporate value of some $1 billion or more. RSquare,...

Korea Ginseng Corp., the country’s leading ginseng manufacturer, said Monday it will work with nongovernmental relief agency World Vision to help malnourished children in Vietnam. By donating part of its revenue from sales, KGC will provide food and health supplements to malnourished children under 5 in two of Vietnam’s most impoverished districts -- Huong Hoa and Da Krong. Some 28 percent of ch...