LG CNS becomes Korea’s first SAP Asia-Pacific strategic services partner

Korean IT solutions provider LG CNS said Thursday that it has become the first Korean company to join the SAP Asia-Pacific Japan Regional Strategic Services Partner initiative. This initiative run by US software company SAP identifies companies in the Asia-Pacific region that demonstrate high levels of enterprise resource planning expertise. LG CNS is now the fourth SAP partner in the region, following Japan’s Fujitsu, ABeam Consulting and Vietnam’s FPT Software. Under the agreement, LG CNS plan

Feb. 6, 2025

Taihan Cable & Solution hits W3tr in sales on overseas growth

South Korean electric wire and cable maker Taihan Cable & Solution announced Wednesday that its sales for last year are estimated to have reached 3.28 trillion won ($2.2 billion), a 15.4 percent increase from around 2.84 trillion won in 2023. These figures mark the first time since 2011 that the company has exceeded 3 trillion won in annual revenue. Operating profit rose 43.6 percent on-year to 114.6 billion won from 79.8 billion won, while net income amounted to 73 billion won. Taihan Cable & S

Feb. 5, 2025

[Photo News] Shin Ramyun Ice Rink in Sapporo

Nongshim has partnered with Japan's Sapporo City to open the Shin Ramyun Ice Rink, a special attraction available through Feb. 11 during the Sapporo Snow Festival. Under the slogan “Spicy flavor is more fun in winter,” the food giant has set up a sampling booth where guests can taste its signature spicy instant noodles. “The Sapporo Snow Festival is a world-renowned winter event, drawing over 1.7 million international visitors each year,” said a company official. “By creating this unique experie

Feb. 5, 2025

Celltrion’s Vegzelma becomes Europe’s top prescribed bevacizumab

Celltrion announced Wednesday that its metastatic colorectal and breast cancer drug, Vegzelma, has become the most prescribed bevacizumab in Europe, demonstrating strong growth in its market share. According to market research firm IQVIA, Vegzelma accounted for 29 percent of bevacizumab-adcd prescriptions in Europe as of the third quarter of 2024. This marks a 9 percentage point increase from the previous quarter after its market debut in October 2022. Despite entering the market later than some

Feb. 5, 2025

SK Telecom joins MIT-led AI research consortium

SK Telecom announced Tuesday that it has joined the MIT GenAI Impact Consortium to advance research on commercializing generative AI technologies and industry-specific applications. The founding members include global leaders such as OpenAI, Coca-Cola, Tata Group, Analog Devices and TWG Global Holdings. The consortium will finalize its plans for the core projects and begin research by the end of this year. SK Telecom will work alongside MIT researchers to explore AI advancements in information a

Feb. 4, 2025

Boeing Korea names supply chain expert as new CEO

Boeing Korea announced Monday the appointment of Will Shaffer as its new president. Based in Seoul, Shaffer will oversee the company’s strategies and operations in the Korean market. In addition to this role, he will serve as vice president of globalization and market development, leading Boeing’s strategy outside the US. His focus will include developing country-specific strategies, assessing global geopolitical risks and identifying new growth opportunities. “Will brings a wealth of experience

Feb. 3, 2025

KG Mobility to launch Musso EV in Q1

Korean sport utility vehicle manufacturer KG Mobility announced Sunday the revival of its pickup truck brand Musso, leveraging its heritage to recharge its image and fortunes in the segment. The firm also confirmed the name of the first model under the new brand -- the Musso EV, which combines the advantages of electric vehicles with the practicality of pickups. KG Mobility plans to showcase the Musso at the 2025 Hwacheon Sancheoneo Ice Festival ahead of its official release in the first quarter

Jan. 26, 2025

KT&G to ramp up cigarette production at Turkish plant

South Korea’s leading tobacco company KT&G announced Monday the completion of additional manufacturing facilities in Turkey as part of a strategy to solidify its position as a global top-tier company. The expansion added two new production facilities to the factory, increasing its total ground area by approximately 1.5 times to 25,000 square meters. With the upgrades, the company’s four facilities can now produce up to 12 billion cigarettes annually, enabling KT&G to meet growing demand in North

Jan. 20, 2025

KGC’s JungKwanJang EveryTime reaches 40 countries

Korea Ginseng Corp., a leading ginseng product manufacturer, announced Monday that it exported 260 products under its red ginseng brand, JungKwanJang, to nearly 40 countries last year. EveryTime Original stood out as the best-selling product, with sales in China increasing by 44 percent compared to 2023. To meet local consumer needs, KGC diversified its product line to appeal to smaller households and introduced targeted marketing strategies for seasonal events. In Taiwan, the company expanded i

Jan. 20, 2025

ZYX Technology donates CAD software licenses to PNU

South Korean design software developer ZYX Technology announced Friday that it has signed a memorandum of understanding with Pusan National University to provide ZYX CAD licenses valued at approximately $10 million. As part of the three-year agreement, the company will supply instructional licenses to students and faculty to foster future software talent in the nation’s second-largest city. ZYX CAD is computer-aided design software available through the Korean Public Procurement Service. Compati

Jan. 17, 2025