Posco targets LNG cargo tank market with Hanwha Ocean

Posco said Thursday it signed a memorandum of understanding with Hanwha Ocean to develop and test liquefied natural gas carrier cargo tanks made from its proprietary high-manganese steel, aiming to expand the material's commercial use in shipbuilding. The agreement was signed at Hanwha Ocean's shipyard in Geoje, South Gyeongsang Province, with Posco CEO Lee Hee-geun and Hanwha Ocean CEO Kim Hee-cheul in attendance. Under the deal, Hanwha Ocean will build a demonstration vessel equipped with stee

2026-10-15 14:17:31:00

Celltrion to highlight Remsima SC clinical data at UEG Week 2026

Celltrion said Thursday it will present clinical data on its autoimmune disease treatment Remsima SC and promote its broader inflammatory bowel disease (IBD) drug portfolio at UEG Week 2026 in Barcelona, Spain, from Saturday to Tuesday. The annual United European Gastroenterology Week is a major international conference for digestive disease specialists, drawing more than 12,100 participants from 115 countries last year. The Korean biopharmaceutical company will showcase its Remsima intravenous

2026-10-15 11:21:28:00

Macrogen adopts Roche's next-gen platform to speed up genome sequencing

South Korean genomics company Macrogen said Thursday it has begun operating Roche's next-generation genome sequencing platform, Axelios 1, at its Songdo Global Genome Center in Incheon, aiming to speed up genetic analysis and expand capacity for large-scale research. Macrogen is among the first companies worldwide to adopt the system, developed by Swiss healthcare giant Roche. The platform began operations Wednesday following initial testing. The installation is expected to strengthen Macrogen's

2026-10-15 11:12:20:00

Miracell's cell technology shows promise in nonsurgical ACL treatment

A clinical study using South Korean biotech firm Miracell's cell-processing technology has shown promising results in treating anterior cruciate ligament (ACL) injuries without surgery, potentially opening new opportunities for the company in sports and regenerative medicine. The study, led by Patrick Weninger of the Sports Medical Center in Vienna, Austria, was published in July in the peer-reviewed Indian Journal of Orthopedics. Researchers treated 47 patients with ACL ruptures using injection

2026-10-14 17:56:28:00

Korean Air wins eight honors at 2026 Magellan Awards

Korean Air said Wednesday it won five gold and three silver awards at the 2026 Magellan Awards, organized by US travel industry publication Travel Weekly. The airline received gold awards in five categories — international carrier, service, first class, airport lounge and in-flight menu — and silver awards for technology solutions, business class and environmental sustainability. The annual awards recognize excellence in travel services, marketing and design. This year's winners were selected by

2026-10-14 11:36:18:00

LG CNS teams up with Japan's KDDI to expand AI business in Asia

LG CNS said Wednesday it has partnered with Japanese telecom giant KDDI to expand artificial intelligence and digital transformation businesses across the Asia-Pacific region. The two companies signed a memorandum of understanding to combine LG CNS's AI expertise with KDDI's telecommunications infrastructure and regional network, targeting opportunities in smart cities, industrial automation and IT services. KDDI operates 19 business locations across 15 Asia-Pacific countries, providing mobile a

2026-10-14 11:36:01:00

APR's Medicube sets sales records across US, Europe

APR said Wednesday that its beauty brand Medicube posted record daily sales across participating markets during Amazon's Prime Big Deal Days, with US sales up about 85 percent from the previous year. The Oct. 6-7 shopping event marked Medicube's debut in five European markets — the UK, Germany, Spain, Italy and France — alongside its established US presence. Medicube topped Amazon's overall search rankings in several markets, including the US, UK, Italy and Spain. The brand had previously claime

2026-10-14 10:42:54:00

LG Innotek executive wins industrial merit honor

LG Innotek said Tuesday that Jeffrey Cho, senior vice president and head of its Package Solution Business Unit, received the Silver Tower Order of Industrial Service Merit at the 21st Electronics and IT Day ceremony at Coex in Seoul. The honor recognizes his contributions to manufacturing innovation, equipment localization and export growth. LG Innotek recorded nearly 80 trillion won ($56 billion) in cumulative exports from 2021 to 2025. Since joining LG Innotek in 2004, Cho has held leadership

2026-10-13 14:02:18:00

SK Earthon begins oil production in Vietnam, makes new discovery

SK Earthon, the energy exploration subsidiary of SK Innovation, has begun crude oil production at the Golden Camel field off of Vietnam and discovered additional oil deposits nearby, the company said Tuesday. The field, located in Block 15-1/05 southeast of Ho Chi Minh City, began production in late September, about two years after development started in 2024. US-based Murphy Oil, the block's operator, completed preparations ahead of schedule. Golden Camel holds an estimated 60 million barrels o

2026-10-13 13:04:44:00

LS Electric lands $138.5m US power equipment deal

LS Electric said Tuesday it has signed a $138.5 million contract with US-based Bloom Energy to supply power distribution equipment for a major technology company's data center in Pennsylvania. The latest agreement brings the South Korean manufacturer's cumulative orders from Bloom Energy to more than $500 million since April 2025, crossing the milestone in about 18 months. Under the contract, LS Electric will supply 38-kilovolt high-voltage switchgear and distribution transformers between April

2026-10-13 11:15:50:00