Celltrion's Truxima wins FDA interchangeability designation

Celltrion said Wednesday that its blood cancer treatment Truxima received interchangeability designation from the US Food and Drug Administration, becoming the first biosimilar version of rituximab to secure the status and its associated exclusivity period. Truxima is approved in the US for all adult indications held by its reference biologic, including non-Hodgkin lymphoma, chronic lymphocytic leukemia, rheumatoid arthritis and microscopic polyangiitis. The FDA's interchangeability designation

2026-07-01 14:03:39:00

Hyundai Steel holds first Innovation Festival

Hyundai Steel said Tuesday it held its first Innovation Festival at its training center in Dangjin on June 16, bringing together employees to showcase key improvement projects from across the company. The inaugural event was designed to identify standout innovation cases and expand their adoption across business areas, including production, research, quality control and workplace safety. The 22 selected projects, all presented in person at the event, covered operational efficiency, cost reductio

2026-06-30 15:05:06:00

McDonald's Korea delivers 600 Big Mac meals to soldiers

McDonald's Korea said Tuesday it marked the Month of Patriots and Veterans by delivering 600 Big Mac meals to soldiers of the Army's 23rd Guard Brigade. The company visited the brigade, which is responsible for border security operations along Korea's east coast. It provided burgers and beverages to express gratitude to service members carrying out frontline defense duties. Launched in 2013, the Happy Burger campaign is one of McDonald's Korea's flagship corporate social responsibility programs.

2026-06-30 10:45:02:00

Paris Baguette pushes deeper into London with 7th UK store

Paris Baguette said Tuesday it has opened its seventh store in the United Kingdom, expanding into Richmond, an affluent residential district in southwest London. The 95-seat store is located on George Street, Richmond's main shopping thoroughfare, near Richmond Station and the River Thames, an area popular with both residents and tourists. The outlet incorporates Paris Baguette's signature design elements, including a blue metal exterior, marble counters and warm wood interiors. Its menu feature

2026-06-30 10:44:52:00

Urban Upcycling Cooperative takes Korean housing model to Uzbekistan

Urban Upcycling Cooperative said Friday it signed a preliminary memorandum of understanding with the Urgench District government in Uzbekistan's Khorezm Region to pursue a 130,000-square-meter mixed-use residential development project. The initiative explores a public rental housing model based on a public-private-people partnership framework. Drawing on Korea's experience in urban regeneration, social housing and cooperative-managed rental housing, the cooperative plans to propose a housing mod

2026-06-29 15:13:38:00

GC Wellbeing secures rights to next-gen fat-dissolving injection

GC Wellbeing said Monday it has signed a license-in agreement with Israeli biotech company Raziel Therapeutics to commercialize its next-generation localized fat-dissolving injectable treatment in Korea. Under the agreement, GC Wellbeing obtained exclusive rights to develop and market the candidate in Korea. The drug is currently being prepared for a Phase 3 clinical trial in the United States after completing discussions with the US Food and Drug Administration on the trial design. The deal is

2026-06-29 10:55:19:00

Volvo Korea sees strong demand for flagship S90, XC90

Volvo Car Korea said Friday that sales of its flagship S90 sedan and XC90 SUV nearly doubled in the first five months of this year, as the Swedish automaker seeks to strengthen its presence in Korea’s premium family import car market with upgraded features and competitive pricing. According to the Korea Automobile Importers & Distributors Association, S90 sales reached 768 vehicles from January to May, up 92 percent from a year earlier. Sales of the XC90 rose 91 percent on-year to 907 vehicles o

2026-06-26 17:05:07:00

CJ CheilJedang, Lotte Chemical to develop next-generation food packaging materials

CJ CheilJedang said Friday it has signed a memorandum of understanding with Lotte Chemical to jointly develop next-generation food packaging materials that enhance consumer convenience and product safety. The agreement was signed Thursday at CJ Blossom Park in Suwon, Gyeonggi Province, with Eric Soegeyanto, head of global packaging at CJ CheilJedang, and Lee Hyun-seop, senior research engineer of basic materials R&D at Lotte Chemical, in attendance. The partnership combines CJ CheilJedang’s food

2026-06-26 13:02:46:00

Naver, Hyundai team up to bring AI services into connected cars

Naver said Friday it is expanding its mobility partnership with Hyundai Motor Group by integrating its flagship services into the automaker's next-generation infotainment system, Pleos Connect. At the 2026 Busan Mobility Show on Friday, Hyundai unveiled the new Grandeur and the all-new Avante, both equipped with Pleos Connect. Starting with the new Grandeur, the companies plan to expand their collaboration to bring Naver's AI-powered services to Hyundai's next-generation connected cars, resultin

2026-06-26 10:48:28:00

Jinro drops K-pop-themed summer bottles

HiteJinro said Thursday it will launch a limited-edition summer version of its Chamisul Green Grape soju featuring a "K-pop Star Dookkeobi" label, as it looks to boost its global brand appeal by riding the worldwide popularity of K-pop. Chamisul Green Grape is HiteJinro's best-selling fruit-flavored soju in overseas markets. The release is part of the company's broader effort to expand the Dookkeobi character universe. The new labels feature HiteJinro's signature mascot reimagined as a K-pop sta

2026-06-25 15:09:57:00