The following is the seventh (Chapter 6 summary) in a series of articles on the book, entitled “Corporate Korea’.—Ed.By Kim Kwang-soohThe currency crisis in 1997 drastically transformed the industry ecosystem in Korea. Those large enterprises that survived the currency crisis had enhanced global com

Taihan has won an order for a project to build a 400kV ultra-high voltage cable power grid ordered by Singapore's power company SP PowerAssets, the company said on Jan. 21. It is a large project with orders worth about $50 million (about 60 billion won).The project is to build an underground power g

SK hi-tech battery materials China (SKBMC) and BEST members gathered to held a campaign BEST to raise awareness on the importance of waste segregation in the local community of Changzhou, where their manufacturing facilities are located, on Jan. 8. It was also part of their efforts to enhance of loc

LS Cable & System Asia announced on Jan. 17 that it achieved the highest results with sales of 743.5 billion won and operating profit of 28.2 billion won. Compared to the previous year, its sales increased by 28% and operating profit by 75%.Despite the lockdown policy in Vietnam due to the spread of

The Korea Aerospace Industries Association (KAIA) and the Korean Society for Aeronautical & Space Sciences (KSAS) jointly held the 2022 Aerospace Astronaut Forum held in JW Marriott Hotel in Seoul on January 14.The event was attended by key figures from all walks of life, including Minister of Trade

POSCO held a memorandum of understanding (MOU) signing ceremony online on Jan. 7 to promote joint projects such as eco-friendly integrated steel mills with Adani Group in India.The signing ceremony was attended by POSCO Group Chairman Choi Jeong-woo, Steel Division Vice Chairman Kim Hak-dong, Chairm

Pernod Ricard Korea has launched the Royal Salute 21YO Richard Quinn Edition, created by a collaboration between two British icons: Royal Salute, a prestige whisky brand and Richard Quinn, a rising star in the British fashion world.Royal Salute has communicated with new luxury consumers through inno

Pernod Ricard Korea today announced that it selected Ju Ji-hoon and Minho as the new brand ambassadors of the modern classic scotch whisky brand Ballantine's and launch the new global campaign “Time Well Spent" to solidify its position as a leading whisky brand in Korea.Pernod Ricard Korea will hold

Woori Financial Group, led by Chairman Son Tae-seung, announced on Jan. 10 that it is also taking the lead in global ESG management by urgently providing $100,000 (about 120 million won) to support the recovery of damage in the Philippines, which is suffering from the massive typhoon RAI in the Phil

BAT Korea Manufacturing held an ESG Cooperation MOU signing ceremony with Gyeongsang National University (GNU)’s Research Institute Future Applied Technology on Jan. 6, 2022 at BAT Sacheon Factory.Kim Ji-hyeong, head of manufacturing at BAT Sacheon Plant, Professor Chang Hae-nam and Professor Kim Ha

Hyundai Heavy Industries (HHI) Group has decided to join hands with Palantir Technologies, a U.S. big data company, to build a big data platform in shipbuilding and marine businesses and establish a joint venture.HHI Group signed a memorandum of understanding (MOU) with Palantir in Las Vegas on Jan.

The following article is based on press materials provided by the Public Relations of Sinsin Pharma led by Deputy Director Yoo Hae-Eung.—Ed.Sinsin Pharmaceutical Co., Ltd. has recently made a debut of three types of newhealth-promotion functional food expanding its functional food lineup.The company

Global French Wine and Spirits company Pernod Ricard Korea is launching “Make Memories, Not Hangover” campaign from 6th January for a month, as part of their commitment for promoting responsible drinking culture.In midst of COVID-19 pandemic, where outdoor activities are limited, drinking culture ha

By Feature Editors Kim Hyung-dae, Lee Sam-sunAccording to the Korea Ginseng Association (KGA), Ginseng is a mysterious elixir plant loved by the successive kings of the Korean Peninsula and, for that matter, by the leaders of many other countries of the world, especially in Asia.The greatest dreams

By Senior Feature Editor Kim Hyung-daeDoosan Group's new CI (corporate identity) image symbolizes the new developments at Doosan, which move dynamically and agilely toward the future and respond flexibly to changes.Doosan Group led by Chairman Park Jung-won has unveiled a new CI and announced that t

The U.S. economy outlook for next year is expected to maintain its trend towards recovery despite prevailing uncertainties across the board. This prospect was released by David Mericle, the Chief economist at Goldman Sachs, during “U.S. Economy Outlook & Doing Business in the U.S. Seminar 2022” co-h

LG Display unveils its newest OLED TV technology ‘OLED EX’ on Dec. 29. The next-generation OLED EX display implements LG Display’s deuterium and personalized algorithm-based ‘EX Technology,’ which helps boost the innovative display’s overall picture quality.The OLED EX name is an acronym of ‘Evoluti

By Publisher Lee Kyung-sikThe following article concerns a famed Korean poetess-writer, Madam Yoon Deuk-han, who spent most of her life in Japan after marrying a Korean resident in Japan. Korea, the United States and Japan, in the minds of many Koreans (especially the established and old generation)

Enzychem Lifesciences announced on Dec. 29 that it has begun a technology transfer process for the pDNA vaccine ZyCoV-D of Zydus Cadila in India.Recently, it secured detailed technical documents including manufacturing processes, raw and subsidiary materials, clinical and non-clinical data from Zydu

The labor and management at LG Chem and LG Energy Solution are staging the ’Sharing 10,000 Won’ campaign to spread warmth at the year-end.The companies will provide cold-weather supplies to the underprivileged in order to help overcome the winter cold, and are holding a blood donation campaign at al