Economy of South Korea

Amorepacific Celebrated Its 76th Anniversary in the Metaverse

Retrieved on: 
Monday, September 6, 2021
Amorepacific Corporation, Chaebol, Joy, Metaverse, 76th, Companies, Economy of South Korea

SEOUL, South Korea, Sept. 6, 2021 /PRNewswire/ -- Amorepacific hosted an online ceremony for its 76th anniversary in the metaverse from September 1 to 3. All Amorepacific members both in Korea and abroad were invited to take part in the 3-day festival from their home or office and celebrated its 76th anniversary together.

Key Points: 
  • SEOUL, South Korea, Sept. 6, 2021 /PRNewswire/ --Amorepacific hosted an online ceremony for its 76th anniversary in the metaverse from September 1 to 3.
  • All Amorepacific members both in Korea and abroad were invited to take part in the 3-day festival from their home or office and celebrated its 76th anniversary together.
  • The main facilitiesin Amorepacific HQ were recreated in the metaverse for a virtual tour and experience.
  • At the event on September 3, Chairman and CEO Suh Kyungbae delivered a message celebrating the 76th anniversary, rewarded long serving members and declared the 2025 Vision together with all of the Amorepacific members.

Amorepacific Celebrated Its 76th Anniversary in the Metaverse

Retrieved on: 
Monday, September 6, 2021
Amorepacific Corporation, Chaebol, Metaverse, Joy, 76th, Companies, Economy of South Korea

SEOUL, South Korea, Sept. 6, 2021 /PRNewswire/ --Amorepacific hosted an online ceremony for its 76th anniversary in the metaverse from September 1 to 3.

Key Points: 
  • SEOUL, South Korea, Sept. 6, 2021 /PRNewswire/ --Amorepacific hosted an online ceremony for its 76th anniversary in the metaverse from September 1 to 3.
  • All Amorepacific members both in Korea and abroad were invited to take part in the 3-day festival from their home or office and celebrated its 76th anniversary together.
  • The main facilitiesin Amorepacific HQ were recreated in the metaverse for a virtual tour and experience.
  • At the event on September 3, Chairman and CEO Suh Kyungbae delivered a message celebrating the 76th anniversary, rewarded long serving members and declared the 2025 Vision together with all of the Amorepacific members.

Doosan Robotics Appoints Experienced Global Business Strategist William (Junghoon) Ryu as New CEO

Retrieved on: 
Wednesday, August 4, 2021
Engines, Chaebol, Doosan Group, Companies, Economy of South Korea, Doosan Corporation, Doosan Power Systems

SEOUL, South Korea, Aug. 4, 2021 /PRNewswire/ -- Doosan Robotics announced that the company appointed William (Junghoon) Ryu as its latest chief executive officer.

Key Points: 
  • SEOUL, South Korea, Aug. 4, 2021 /PRNewswire/ -- Doosan Robotics announced that the company appointed William (Junghoon) Ryu as its latest chief executive officer.
  • Ryu joined the board of directors at Doosan Robotics on July 1, 2021, leaving his role as VP of the corporate strategy office at parent company Doosan Group.
  • Prior to joining Doosan Robotics, Ryu built over 20-years of successful track record in key business functions, including finance, strategy, marketing, and new business development.
  • Doosan Robotics, founded in 2015 by Doosan Group, creates technology for the next generation of manufacturing.

GC Pharma Reports Q2 2021 Results

Retrieved on: 
Monday, August 2, 2021
Health, Manufacturing, General Health, Other Manufacturing, Pharmaceutical, Biotechnology, Green Cross, Pharma, GC, Companies, Economy of South Korea, Health care

Headquartered in Yongin, South Korea, GC Pharma is one of the leading plasma protein and vaccine product manufacturers globally and has been dedicated to quality healthcare solutions for more than half a century.

Key Points: 
  • Headquartered in Yongin, South Korea, GC Pharma is one of the leading plasma protein and vaccine product manufacturers globally and has been dedicated to quality healthcare solutions for more than half a century.
  • Green Cross Corporation updated its corporate brand to GC Pharma in early 2018.
  • This press release may contain forward-looking statements, which express the current beliefs and expectations of GC Pharma's management.
  • Such statements do not represent any guarantee by GC Pharma or its management of future performance and involve known and unknown risks, uncertainties and other factors.

Doosan Robotics Appoints Experienced Global Business Strategist William (Junghoon) Ryu as New CEO

Retrieved on: 
Monday, August 2, 2021
Engines, Chaebol, Doosan Group, Companies, Economy of South Korea, Doosan Corporation, Doosan Power Systems

SEOUL, South Korea, Aug. 2, 2021 /PRNewswire/ -- Doosan Robotics announced that the company appointed William (Junghoon) Ryu as its latest chief executive officer.

Key Points: 
  • SEOUL, South Korea, Aug. 2, 2021 /PRNewswire/ -- Doosan Robotics announced that the company appointed William (Junghoon) Ryu as its latest chief executive officer.
  • Ryu joined the board of directors at Doosan Robotics on July 1, 2021, leaving his role as VP of the corporate strategy office at parent company Doosan Group.
  • Prior to joining Doosan Robotics, Ryu built over 20-years of successful track record in key business functions, including finance, strategy, marketing, and new business development.
  • Doosan Robotics, founded in 2015 by Doosan Group, creates technology for the next generation of manufacturing.

Miravo HealthcareTM Ireland Enters into Suvexx® License and Supply Agreement with SK Chemicals Co., Ltd. for South Korea

Retrieved on: 
Thursday, July 29, 2021
Companies, Chaebol, SK Group, Economy of South Korea, SK

SK Chemicals is headquartered in Seongnam, South Korea and is part of the SK Group, a major South Korean conglomerate that generated over US$105 billion in revenue in 2020.

Key Points: 
  • SK Chemicals is headquartered in Seongnam, South Korea and is part of the SK Group, a major South Korean conglomerate that generated over US$105 billion in revenue in 2020.
  • "This agreement with SK Chemicalsprovides Suvexx with access to the dynamic and growing acute migraine market in South Korea," said Jesse Ledger, Miravo's President & CEO.
  • "SK Chemicals is a strong partner for Suvexx in South Korea with their complementary CNS product portfolio, and we are pleased to add them to our growing roster of Suvexx partners."
  • The License Agreement grants SK Chemicals the exclusive rights to commercialize Suvexx in the Territory.

Hyundai Motor Group Honorary Chairman Mong-Koo Chung Inducted Into Automotive Hall of Fame at Official Ceremony

Retrieved on: 
Friday, July 23, 2021
Hyundai Motor Group, Economy of South Korea, Companies, Hyundai, Hyundai Motor Company, Chung Eui-sun, Chung Ju-yung, Chung Mong-koo

The induction ceremony was attended by Hyundai Motor Group Chairman Euisun Chung, who participated in Honorary Chairman Mong-Koo Chung's place.

Key Points: 
  • The induction ceremony was attended by Hyundai Motor Group Chairman Euisun Chung, who participated in Honorary Chairman Mong-Koo Chung's place.
  • "Honorary Chairman Chung grew Hyundai Motor group into the world's fifth largest automaker from its humble beginning.
  • According to the Automotive Hall of Fame, Hyundai Motor Group's success owes much to Honorary Chairman Chung, and his legacy is on par with other legends of the industry who have launched and guided automotive firms to global growth and renown.
  • Mong-Koo Chung, Honorary Chairman of Hyundai Motor Group, championed the development of the Korean economy and the automotive industry while also growing Hyundai Motor Group into one of the top five automotive groups globally achieved in an historically short period of time for the sector.

Hyundai Motor Group Honorary Chairman Mong-Koo Chung Inducted Into Automotive Hall of Fame at Official Ceremony

Retrieved on: 
Friday, July 23, 2021
Economy of South Korea, Hyundai Motor Group, Companies, Chung Eui-sun, Automotive industry, Hyundai Motor Company, Koo, Chung, Chung Mong-koo, Chung Ju-yung

Honorary Chairman Chung becomes the first Korean to receive the accolade, industry's top honor

Key Points: 
  • Honorary Chairman Chung becomes the first Korean to receive the accolade, industry's top honor
    Chung recognized for being driving force behind the Group's success, and a steadfast champion of the auto industry and the Korean economy
    DETROIT and SEOUL, South Korea, July 22, 2021 /PRNewswire/ -- Hyundai Motor Group Honorary Chairman, Mong-Koo Chung, has been officially inducted into the Automotive Hall of Fame at the 2020/2021 Induction and Awards Ceremony.
  • The induction ceremony was attended by Hyundai Motor Group Chairman Euisun Chung, who participated in Honorary Chairman Mong-Koo Chung's place.
  • Chairman Chung received the induction trophy and made a speech on behalf of his father.
  • "Honorary Chairman Chung grew Hyundai Motor group into the world's fifth largest automaker from its humble beginning.

Hankook Tire to Equip Volkswagen's First All-Electric SUV, the ID.4, with Ventus S1 evo 3 ev Tires

Retrieved on: 
Thursday, July 22, 2021
Chaebol, Hankook Tire, Motor vehicles, Electric car, Economy of South Korea, Automotive industry, Tire, Schempp-Hirth Ventus

To meet the requirements of this drive technology, the ID.4 will be equipped with the Ventus S1 evo 3 ev tire developed specifically for electric cars.

Key Points: 
  • To meet the requirements of this drive technology, the ID.4 will be equipped with the Ventus S1 evo 3 ev tire developed specifically for electric cars.
  • Depending on the equipment variant, the size range from 18- to 21 Inch are partly equipped with Hankook SEALGUARD puncture protection technology.
  • "The prototypes of various electric vehicles from VW were already running on Hankook tires.
  • To meet these special requirements, Hankook engineers have equipped the EV tire Ventus S1 evo 3 ev with a double-layer carcass made of a specially developed high-performance fibre.

LG Innotek reduces 45K tons of greenhouse gas emissions

Retrieved on: 
Monday, July 12, 2021
Climate variability and change, Innotek, LG Corporation, Climate change policy, Companies, Greenhouse gas emissions, Emissions reduction, Economy of South Korea, Carbon finance

SEOUL, South Korea, July 12, 2021 /PRNewswire/ -- LG Innotek (CEO Cheoldong Jeong) reduced greenhouse gas emissions by 11% in 2020 from the previous year.

Key Points: 
  • SEOUL, South Korea, July 12, 2021 /PRNewswire/ -- LG Innotek (CEO Cheoldong Jeong) reduced greenhouse gas emissions by 11% in 2020 from the previous year.
  • LG Innotek announced on the 12th that it had published the '2020-2021 LG Innotek Sustainability Report,' which contains the company's ESG (Environment, Social, Governance) efforts and achievements.
  • Such activities include introducing renewable energy and expanding the application of high-efficiency production facilities to reduce greenhouse gas emissions.
  • Greenhouse gas emissions decreased by 11% from 2019, and the total reduction amount is about 45,000 tons.