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SK Bioscience has obtained product approval for its flu vaccine, Sky Cellflu, from Chile's health authorities, the first green light in a Latin American country, the South Korean vaccine developer said Thursday. Starting with Chile, SK Bioscience is planning to expand the number of countries licen...
Sales of cosmetics products have seen a surge over the past week after the nation’s mask-wearing mandate was lifted here, according to data compiled by Shinsegae International, a local importer of foreign beauty brands, Thursday. US luxury makeup brand Hourglass posted a 149 percent jump in sales...
The government’s decision to lift its indoor mask mandate has been welcomed by many, but it is being seen as a giant threat to the survival of mask manufacturers already struggling to stay afloat here. "We are just hanging in there,” Jung, an owner of a small mask manufacturing company, told The...
Starbucks Korea, the nation’s No.1 specialty coffee chain, said Wednesday that the cumulative users of its customer membership "Starbucks Rewards" has recently hit the 10 million mark. The figure is twice as high as the 4.1 million members of Twosome Place and the 6 million of Ediya Coffee -- the...
Mercedes-Benz Korea said Wednesday it will expand electric vehicle models to account for more than 15 percent of total car sales this year, underscoring its green push in the fourth-largest market of the German carmaker. “Last year, EV sales were less than 10 percent of the total sales. But start...
The recent data follows a series of controversies surrounding McDonald's hygiene at franchise stores. On Jan. 25, an online post showing a picture of yarn in a McDonald's McMorning pancake combo stirred controversy. "I bought two McMorning sets with my son, gave him a hotcake, ate a muffin, and a...
South Korean telecommunications giant KT Corp. announced Wednesday that it has signed a memorandum of understanding with Monnis Group, a Mongolian industrial holding conglomerate, for a joint business venture into the rare earth minerals industry. This comes after another memorandum previously sig...
More color options of graphite, sky blue, red and lime will be added for the Galaxy S23 Ultra, while graphite and lime will be available for the S23 and S23 Plus models for customers who will purchase the devices from the company’s official online shopping mall. The Galaxy S23 Ultra model’s pric...
South Korea reached a record-high monthly trade deficit of $12.69 billion in January, mainly due to weakening global demand for semiconductors, according to data compiled by the Ministry of Trade, Industry and Energy on Wednesday. While outbound shipments fell 16.6 percent on-year to $46.27 billio...
South Korean memory chipmaker SK hynix reiterated Wednesday its plan to halve investment and reduce production of low-profit products this year, as the company witnessed a sharp drop in profit amid severe slump in the global chip market. “Revenues continued to grow last year, but the operating pr...
The combination use of Jiangsu Hengrui Medicine’s camrelizumab and HLB Bio’s rivoceranib has received a novel drug approval from the National Medical Products Administration of China, HLB Bio announced Wednesday. With the approval, the camrelizumab-rivoceranib combination can be used as the firs...
Central bank warns of negative impact of US-China relations, geopolitical conflicts on Korea's key export industries Korea's export-oriented economy could face threats because of its heavy reliance on raw material imports amid rising geopolitical tensions, a senior researcher at the country's cent...
Despite witnessing a sharp drop in chip profits, Samsung Electronics said it will not scale back its output and spending in 2023, bucking the trend of cost-cutting among its global rivals. "The deteriorated business environment is not so favorable for our performance for now, but we believe it is ...
Posco International, a subsidiary of steel giant Posco, on Tuesday held a ground-breaking ceremony for its second liquefied natural gas terminal in Gwangyang, South Jeolla Province. The company said the construction will accelerate its vision to become an eco-friendly company by strengthening its ...
Hyundai Mobis, a car parts maker under Hyundai Motor Group, announced Tuesday that it received a record-breaking $4.7 billion of orders from global automakers last year. This is the company’s greatest feat since it first entered the international automotive parts market in the early 2000s. The co...
[Herald Interview] Samsung bets big on cameras to fight Apple
Hyundai gains momentum with high-performance cars
New EU rules picked No. 1 ESG concern this year
LG unveils net-zero goals in first group-wide report
Citibank Korea to arrange syndicated loan for Posco's lithium salt lake project
SK Bioscience expected to log 70% drop in profit as COVID vaccine demand dwindles
Naver to introduce search GPT in first half of year
SNT Dynamics inks automatic transmission deal with Turkey's BMC for tanks