GI Innovation’s anti-aging therapy reaches XPRIZE final

GI Innovation said Wednesday it and its affiliate GI Longevity have advanced to the finals of the XPRIZE Healthspan competition as their anti-aging therapy has been recognized for its potential therapeutic uses. XPRIZE Healthspan — a seven-year global competition with a total prize pool of $101 million — seeks to develop therapies capable of restoring muscle, cognitive and immune functions in adults aged 50 to 80 by at least 10 years, with a goal of achieving improvements equivalent to 20 years

2026-08-12 15:29:59:00

Luxury, foreign shoppers drive Shinsegae to record first half

Shinsegae said Tuesday it posted its strongest-ever first-half earnings this year as investments in its department stores and efforts to streamline its affiliates improved profitability across major businesses. The retail giant reported sales of 6.36 trillion won ($4.5 billion) for the January-to-June period, up 10.1 percent from a year earlier. Operating profit jumped 75.7 percent to 365 billion won with both figures reaching record highs. In the second quarter alone, Shinsegae logged 3.14 tril

2026-08-11 15:08:37:00

BBQ opens 1st store in Mexico

Korean fried chicken brand Genesis BBQ Group has opened its first store in Mexico, stepping up its expansion across Latin America. According to BBQ on Monday, it recently opened the BBQ store in the Zona Rosa district, Mexico City, bringing the total number of stores in Latin America to 20. The Korean fried chicken chain also operates stores in Panama, Costa Rica, the Bahamas and Colombia. The 338-square-meter store spans two floors and a terrace with seating available for 115 customers. As its

2026-08-10 16:15:26:00

Lotte Global Logistics triples US transport of LG Energy Solution’s battery ESS

Lotte Global Logistics said Monday it was expanding its transportation business for battery energy storage systems produced by LG Energy Solution in the United States, strengthening its foothold in the high-value special cargo logistics market. LG Energy Solution currently assembles and produces battery energy storage systems at its plant in Phoenix, Arizona. Lotte Global Logistics began transporting LG Energy Solution's battery ESS to customers across the US in the first half of this year. Sta

2026-08-10 11:28:38:00

As Korea drinks less, liquor goes lighter — and global

At Korean convenience stores, the liquor aisle's most valuable real estate is changing hands. Eye-level shelves once dominated by 500-milliliter beer cans and green soju bottles are increasingly filled with colorful ready-to-drink cocktails and bottles of lower-alcohol flavored soju, as Koreans drink less and seek lighter options. "These days, more customers buy RTD (ready-to-drink) products and flavored soju with lower alcohol content," a convenience store owner in Seoul said. "Sales of traditi

2026-08-08 16:00:00:00

Coway logs record half-year earnings on robust rentals, overseas growth

Coway on Friday reported sales of 1.44 trillion won ($1.02 billion) and operating profit of 253.2 billion won in the second quarter, setting a new record for half-year earnings on the back of strong demand for its premium home appliance lineup, accelerating rental account growth and solid performances across its overseas markets. For the first half of 2026, the Korean home appliance maker's revenue increased 13.9 percent from the same period last year to 2.77 trillion won, while operating profit

2026-08-07 17:36:30:00

Daewoo E&C taps new CEO nominee

Daewoo Engineering & Construction said Thursday that CEO Kim Bo-hyun has decided to step down voluntarily ahead of the expiration of his term, with the company nominating Lee Kang-seok, current head of external cooperation and senior vice president, as its next CEO in a leadership transition aimed at accelerating future growth. The Korean builder said it accepted Kim's resignation and plans to recommend Lee as its next leader. The nomination will be finalized through a board meeting. According t

2026-08-06 17:19:29:00

Celltrion’s record quarter sparks target-price upgrades

Celltrion’s record second-quarter results have prompted a wave of target-price upgrades from Korean and global brokerages, with analysts highlighting its fast-growing portfolio and improving profitability. The Korean biopharmaceutical company reported quarterly sales of 1.4 trillion won ($990 million), beating market expectations and setting a record for the second consecutive quarter. Operating profit surged 86.3 percent on-year to 451.8 billion won, lifting its operating margin to 32.4 percent

2026-08-06 14:29:26:00

T’way Air rebrands as Trinity Airways in premium push

Trinity Airways, formerly T’way Air, unveiled its new identity Thursday, positioning itself between full-service and budget carriers with services tailored to each route and traveler. The airline calls the model a “selective service carrier,” or SSC. It will keep fares competitive and operations streamlined on short-haul routes while upgrading the airport and onboard services that passengers value most on longer flights. Under its new brand mission, “Relaxed and Reliable,” Trinity Airways aims t

2026-08-06 14:29:12:00

Alteogen lands $365m licensing deal

Korean biotechnology firm Alteogen said Wednesday it has signed an exclusive licensing agreement worth up to $365 million with a global pharmaceutical company. Under the deal, the latter will develop and commercialize subcutaneous formulations of biologic drugs using Alteogen's proprietary recombinant human hyaluronidase platform ALT-B4. Also known by its generic name berahyaluronidase alfa, ALT-B4 is Alteogen's proprietary recombinant human hyaluronidase developed using the company's Hybrozyme

2026-08-05 11:21:08:00