Korea Eximbank signs $30m financing deal with Mongolian bank

The Export-Import Bank of Korea said Friday it signed a memorandum of understanding with Mongolia's Trade and Development Bank to provide $30 million in on-lending financing aimed at supporting exports of Korean consumer goods. The agreement is designed to channel policy financing through TDB, which operates more than 90 branches and serves a large number of importers of Korean food, cosmetics and other consumer products. The financing marks Korea Eximbank's first on-lending support for Mongolia

2026-07-10 14:29:23:00

CU surpasses 600 stores in Mongolia

CU said Thursday it has surpassed 600 stores in Mongolia, reaching the milestone eight years after entering the market. Its 600th store, Khotol Undur Soum, is located along the highway to Lake Khuvsgul, one of Mongolia's most popular tourist destinations. Targeting travelers and long-haul truck drivers, the roadside outlet offers shower facilities alongside the usual convenience store products. The company expanded from 21 stores in its first year to 103 in 2020 and 541 in 2025, surpassing 600 o

2026-07-09 15:34:07:00

Hana Financial's reverse mortgage draws W330b in first year

Hana Financial Group said Thursday it had held a customer appreciation event at its headquarters in Myeong-dong, central Seoul, to mark the first anniversary of Hana The Next My Home Pension, its private reverse mortgage product. The event celebrated the product's first year in the market and thanked customers who have enrolled in the program, which was designated an innovative financial service by the Financial Services Commission. Launched in May 2025, the product combines Hana Bank's collater

2026-07-09 11:25:30:00

HD KSOE, Schneider partner on floating data centers

HD Korea Shipbuilding & Offshore Engineering said Wednesday it signed a memorandum of understanding with Schneider Electric to jointly develop infrastructure technologies for floating data centers. Schneider Electric is a global provider of power distribution, cooling and energy management solutions for data centers. Drawing on its experience in hyperscale data centers and artificial intelligence infrastructure, the company supplies digital infrastructure technologies for next-generation computi

2026-07-08 17:30:43:00

LX Pantos highlights global ESG progress in 2026 report

LX Pantos said Wednesday it released its 2026 Sustainability Report, highlighting its progress in advancing environmental, social and governance management across its domestic and global operations. The report was prepared in accordance with 2021 Global Reporting Initiative Standards and references globally recognized ESG frameworks. The report outlines LX Pantos' responses and key achievements across nine material ESG issues identified through a double materiality assessment. In the environment

2026-07-08 17:30:24:00

LG Chem partners with China's OTR to develop cancer drugs

LG Chem said Wednesday it has signed a strategic partnership with Shanghai-based OTR Therapeutics to identify and develop promising oncology drug candidates, strengthening its push into China's fast-growing biotechnology sector. OTR Therapeutics is a biotechnology company that combines in-house research with open innovation to discover and develop treatments for cancer, immunological and inflammatory diseases, and metabolic disorders. Under the agreement, LG Chem will leverage OTR's drug discove

2026-07-08 11:33:20:00

KMI earns quality control certification across health screening services

Korea Medical Institute said Tuesday it had obtained quality management certification in accordance with the ISO 9001 standard set by the International Organization for Standardization. The standard requires an organization to have a systematic framework to consistently manage and improve the quality of its products and services. The certification, awarded by the Korea Management Registrar, covers the entire screening process, from reservations and examinations to result consultations, at KMI's

2026-07-07 13:08:39:00

Cosmax earns global validation for sunscreen testing

Cosmax said Tuesday it received a "Satisfactory" rating in an international sun protection factor proficiency test organized by France's Bureau Interprofessionnel d'Etudes Analytiques, validating its sunscreen testing capabilities under the latest global standard. BIPEA evaluates the analytical accuracy and reliability of corporate laboratories and testing institutions through international proficiency testing programs. The assessment was conducted using the latest international standard (ISO 23

2026-07-07 13:08:29:00

Hanjin Logistics chief calls for fairer market for women entrepreneurs

Hanjin Logistics said Monday that President Emily Cho delivered a keynote speech and participated in a panel discussion at the 2026 ICSB World Congress, one of the world's leading international conferences on small business and entrepreneurship. Cho spoke during the "Global Voices: Entrepreneurship Without Borders" session at the Rayburn House Office Building in Washington, D.C., on Wednesday, alongside global scholars and women business leaders. “Women entrepreneurs around the world seek not pr

2026-07-06 15:12:38:00

Hanwha Qcells wins Meta-linked solar module order

Hanwha Qcells said Monday it has signed a contract with Zelestra Energy to supply about 320,000 solar modules and provide engineering, procurement and construction services for a 200-megawatt solar power plant in Gibson County, Indiana. Scheduled for completion by the end of 2027, the project will supply renewable electricity to Meta under a power purchase agreement. The solar farm will be built on a former coal mining site. Named "Reclamation," the project aims to transform previously developed

2026-07-06 15:12:28:00