Hanwha Aerospace touts Europe expansion at NATO forum

Hanwha Aerospace took part in the NATO Defense Industry Forum in Ankara, Turkey, on Tuesday, highlighting its expanding manufacturing footprint in Europe and calling for deeper defense cooperation between NATO and Indo-Pacific partners. Held alongside the NATO Summit, the forum brought together government officials, defense companies and policy experts to discuss strengthening Europe's defense industrial base amid a rapidly changing security environment. "To strengthen Europe's defense capabilit

2026-07-08 14:31:12:00

Daewoo E&C wraps up $440m Iraq highway project

Daewoo Engineering & Construction said Wednesday it has completed a 62-kilometer highway linking Iraq's new Al-Faw Port with Um Qasr, marking another milestone in one of the country's largest infrastructure projects. The company said it received a performance certificate from the General Company for Ports of Iraq after completing the $440 million design-and-build project. Construction began in August 2021 and was completed in May 2025, followed by a one-year defects liability period. The highway

2026-07-08 13:29:32:00

Matica Bio, VaxDome partner on antiviral hybrid vaccine development

Matica Biotechnology, the US contract development and manufacturing organization subsidiary of CHA Biotech, has partnered with Texas-based VaxDome Inc. to jointly develop an antigen-agnostic antiviral vaccine aimed at protecting against a broad range of infectious diseases. The collaboration will focus on advancing VaxDome's hybrid antiviral vaccine candidates into clinical trials. Under the agreement, Matica Biotechnology will provide process development, analytical development and the producti

2026-07-07 13:04:08:00

LG H&H brands shine on Amazon Prime Day

LG Household & Health Care said Tuesday its functional beauty and personal care brands posted strong sales growth during Amazon Prime Day, highlighting the company's growing competitiveness in the North American e-commerce market. The company's hair care brand Dr. Groot and oral care brand Euthymol recorded year-on-year sales growth of 45.9 percent and 54.3 percent, respectively, during Amazon Prime Day, held June 23 to 26, driven by products targeting hair loss and teeth whitening. Dr. Groot st

2026-07-07 13:04:01:00

Korean Air raises $123m through Samurai bond

Korean Air has issued 20 billion yen ($123.4 million) in Samurai bonds with support from the Export-Import Bank of Korea, underscoring its credibility among global investors and confidence in its growth outlook. A Samurai bond is a yen-denominated bond issued in Japan by a foreign company. The issuance was completed despite external uncertainties, including high oil prices and foreign exchange volatility. Investors gave high marks to Korean Air’s stable profitability, backed by its balanced pass

2026-07-06 15:18:03:00

Zeekr's 7X surpasses 1,000 units in pre-sale in Korea

Pre-orders for Chinese electric vehicle brand Zeekr’s mid-sized SUV 7X have surpassed 1,000 units in Korea within a month, Zeekr Korea said Monday. Pre-sales began on June 5 at the brand’s nine physical locations across Seoul, Gyeonggi Province, Daejeon and Busan, drawing strong interest. The vehicle was launched in three trims — Pro (rear-wheel drive), Max (rear-wheel drive) and Ultra (all-wheel drive) — with each priced at 52.99 million won ($35,000), 59.99 million won, and 69.99 million won.

2026-07-06 15:17:59:00

EcoPro BM marks first decade as global cathode supplier

EcoPro BM said Sunday it marked the company's 10th anniversary with a promotional campaign highlighting a decade of growth, investment and technological innovation. The battery materials maker was established in 2016 through a corporate split from EcoPro to focus on cathode materials for rechargeable batteries. Since then, annual sales have surged from 99.8 billion won ($65 million) to 2.5 trillion won in 2025, an increase of more than 25-fold. The company credited aggressive investment and tech

2026-07-06 14:54:55:00

Celltrion posts record Q2 sales as profitability improves

Celltrion said Friday it posted record second-quarter sales and a 77.3 percent jump in operating profit, as newer, higher-margin products helped lift margins and push earnings above its own guidance. The Korean biopharmaceutical company reported preliminary consolidated revenue of 1.3 trillion won ($845 million) and operating profit of 430 billion won for the April-June period. Revenue rose 35.2 percent from a year earlier, marking Celltrion’s highest-ever second-quarter sales, while operating p

2026-07-03 13:44:48:00

Hyundai, Kia log record H1 US sales on hybrid demand

Hyundai Motor and Kia posted record first-half sales in the US, helped by strong demand for hybrid vehicles even as electric vehicle sales declined. The two Korean automakers said Thursday they sold a combined 920,383 vehicles in the US market from January to June, including Genesis models, up 3 percent from a year earlier and their highest-ever tally for a first half. Hyundai Motor sold 489,656 vehicles, including Genesis, up 2.7 percent on-year, while Kia’s sales rose 3.4 percent to 430,727 un

2026-07-03 13:44:28:00

AmCham launches AI leadership council in Korea

The American Chamber of Commerce in Korea on Thursday launched the AmCham AI Leadership Council, bringing together major global technology companies and policymakers to support South Korea's ambitions of becoming a global artificial intelligence hub. The announcement came during the 2026 AmCham AI Forum held at Grand Hyatt Seoul under the theme, "Powering Korea's AI Future: Partnership, Policy, and Scale." The event drew about 150 participants from government, industry and academia, including te

2026-07-02 15:28:08:00