E-mart opens 1st No Brand-dedicated store in Mongolia

E-mart said Friday it has opened its first standalone No Brand store in Mongolia, bolstering its position as a global export platform for Korea’s small and medium-sized enterprises. No Brand, a supermarket brand created by E-mart in 2015, offers budget-friendly products and its purpose is to provide high-quality essential items by focusing entirely on the product itself rather than a brand name. The 836-square-meter store located in Ulaanbaatar’s Yarmag district is the largest standalone No Bran

2026-07-10 14:54:48:00

HLB liver cancer drug hits FDA setback again over manufacturing issues

HLB's hopes of bringing its liver cancer treatment to the US market have suffered another blow after the US Food and Drug Administration issued a Complete Response Letter delaying approval, citing manufacturing compliance issues rather than concerns over the drug's clinical data. HLB said Friday that its US subsidiary, Elevar Therapeutics, received the CRL from the FDA regarding its new drug application for Rivoceranib, an anti-cancer therapy intended for use in the treatment of liver cancer. Ac

2026-07-10 14:54:38:00

Seoul ups pressure on MBK Partners amid Homeplus fallout

MBK Partners has come under mounting political and regulatory pressure as Seoul's presidential office, lawmakers and financial authorities intensify scrutiny of the private equity firm's management practices amid Homeplus' court-led restructuring and possible liquidation. Hong Ihk-pyo, senior presidential secretary for political affairs, recently described MBK Partners' merger and acquisition practices as "unethical," criticizing the firm's takeover of Homeplus and its role in the retailer's dec

2026-07-08 14:46:55:00

How Hugel turns a thumb-sized tube into 25,000 toxin vials

CHUNCHEON, Gangwon Province – A tube thinner and shorter than a thumb, holding what looks like little more than a drop or two of clear liquid, sat locked inside an ultralow-temperature freezer at minus 80 degrees Celsius in Building A of Hugel’s Geodu factory in Chuncheon, Gangwon Province, on Thursday. “That tiny tube is enough to produce more than 25,000 vials of botulinum toxin,” said Seol Hee-soo, managing director at Hugel. That little tube was among the most tightly guarded assets inside H

2026-07-08 06:00:00:00

ABL Bio doubles down on self-sustainable growth beyond licensing deals

ABL Bio is seeking to transform itself from a licensing-focused biotech company into a globally competitive drug developer while advancing both its oncology pipeline and proprietary platform technologies. “The dream is no longer signing another large licensing agreement,” Lee Sang-hoon, CEO of ABL Bio, said at a press conference at the Conrad Seoul on Thursday. "The goal is building a company that can stand shoulder to shoulder with global pharmaceutical companies." The vision comes as ABL Bio e

2026-07-07 16:02:36:00

[팟캐스트] (807) 고물가가 바꾼 웨딩 문화... '스드메' 대신 '셀프 준비'

진행자: 간형우, Chelsea Proctor Why pay more? Young Koreans are opting for DIY wedding shoots 기사 요약: 비싼 '스드메' 패키지 대신 직접 결혼을 준비하고, AI와 초저가 온라인 쇼핑을 적극 활용하는 젊은 세대가 늘면서 한국의 웨딩 문화도 비용 중심에서 실용 중심으로 빠르게 재편되고 있습니다. [1] Wedding planning in South Korea comes with its own notorious ritual: A bundled package of studio photography, dress rentals and professional makeup known as “sudeume” in Korean. notorious: 악명 높은 bundled: 묶음의 [2] It means dealing with a sprawling network of planners, venues and vendors while pay

2026-07-06 06:00:00:00

Trump traded Coupang repeatedly amid US-Korea tensions

US President Donald Trump has repeatedly bought and sold shares of New York-listed Coupang Inc., the parent company of Korea’s Coupang business, over the past 10 months amid ongoing discord between Seoul and Washington over Coupang’s data breach. According to the financial disclosure reports released by the US Office of Government Ethics on Wednesday, Trump executed 18 transactions involving Coupang stock through two investment accounts between October 9 and May 22 this year. The disclosures sho

2026-07-05 14:25:23:00

Yuhan marks 100 years with global drug ambitions

Korean pharmaceutical company Yuhan has reaffirmed its commitment to becoming an innovative global drugmaker as it recently celebrated its centennial. “The way Yuhan has been able to walk the past 100 years was based on the two unwavering values of progress, the drive to continuously forge new ways, and integrity, the commitment to uphold principles and elevate dignity,” said Cho Wook-je, CEO of Yuhan, during the celebration of the firm’s century-long history at the Willow House, the company’s r

2026-07-05 13:02:36:00

[Photo News] Lotte's biologics bet

Lotte Group Chairman Shin Dong-bin (left) visits Lotte Biologics' newly completed Plant 1 in Songdo, Incheon, on Friday. During the visit, Shin reaffirmed the CDMO unit's role as a key future growth engine for the conglomerate and called for swift progress on pilot operations and validation work in the second half of the year. The facility houses eight 15,000-liter bioreactors with a total production capacity of 120,000 liters. (Lotte Group)

2026-07-05 10:28:43:00

[팟캐스트] (806) 월드컵 탈락에 재조명되는 홍명보 감독과 축구협회의 오래된 오명

진행자: 간형우, Chelsea Proctor Early World Cup exit reopens old wounds on Hong, KFA leadership 기사 요약: 한국 축구대표팀이 2026 월드컵에서 조기 탈락하면서 홍명보 감독의 전술과 리더십은 물론, 대한축구협회의 구조적 문제를 둘러싼 비판도 거세지고 있다. [1] South Korea's early exit from the 2026 FIFA World Cup confirmed for many fans widespread concerns that have followed throughout head coach Hong Myung-bo’s second run leading the national team: questions over what appears to be a lack of tactics, his dubious appointment process that bypassed interview and presentat

2026-07-02 06:00:00:00