Hanwha Aerospace announced on April 25 that it has signed an additional executive contract with Polish Armaments Agency for supplying 72 more Chunmoo Multiple Rocket Launcher Systems (MRLS).The deal was preceded by the framework contract and the first executive contract, both signed in 2022.Worth ar
South Korea’s Mirae Asset Global Investments announced on April 17 that its U.S. affiliate Global X ETFs had named Ryan O’Connor as its new CEO effective on April 8.He is an ETF specialist with almost two decades of experience in the U.S. ETF market.Before getting aboard Mirae Asset, O’Connor was a
Beginning on May 17 this year, South Korea’s Cultural Heritage Administration will be renamed the Korea Heritage Service as a part of efforts to revamp the agency.The outfit said that the name change was designed to provide better services to people. The term “national heritage” will be also used in
Hanwha Aerospace announced on April 15 that the firm had rolled out its 10,000th military engine, achieving a major milestone for its indigenous development and manufacturing of aero engines.A ceremony was held at its Changwon plant to commemorate the rollout of the 10,000th aircraft engine, the F40
Mirae Asset Global Investments said on April 12 that the company’s two ETFs investing in U.S. stocks had topped 3 trillion won ($2.2 billion) in terms of assets under management, respectively.The two financial vehicles of the top-tier asset management company in South Korea are the TIGER S&P500 ETF
Korean Air has introduced eco-friendly uniforms, which the firm’s maintenance, aerospace, cargo, and ground handling employees started wearing this month.South Korea’s leading flag carrier noted that the renewed uniforms had been designed to cater to the diverse needs of the airline’s staff.Korean A
Multinationa tech giant Merck announced on April 1 that M Chemical has been officially integrated into Merck Korea’s affiliate Versum Materials Korea as of the day.Going forward, M Chemical will be operating under the legal entity Versum Materials Korea while still belonging to Merck Korea, accordin
At a time when more than 40 percent of Korean homes are single households, the country’s retail giant Homeplus is going all-out to offer tailored services to its customers.The Seoul-based discount chain said on March 21 that it had employed a variety of tools to meet new demands from the mounting nu
South Korea’s ABL Life Insurance announced on March 8 that the company had launched a new long-term care (LTC) insurance in order to offer customized services.The Seoul-based insurer noted that the new policy, dubbed The Care LTC Insurance, had won the hearts and minds of people in the era of fast a
South Korea’s leading nutrition firm Easy Bio announced on Feb. 29 that it had gobbled up Devenish Nutrition of the United States to beef up its feed additive and premix business in North America.To close the deal, Easy Bio USA acquired a 100 percent stake in Devenish Nutrition from the latter’s par
South Korean biopharmaceutical powerhouse Celltrion announced on Feb. 28 that it had shipped the first batch of its new autoimmune disease treatment Zymfentra to the United States.The treatment, otherwise known as Remsima SC, is set to debut in the United States next month.As a subcutaneous injectio
The Korean Federation of Community Credit Cooperatives (KFCC) announced on Feb. 27 that the Seoul-based organization would help the country deal with the low birthrate.The KFCC noted that its corporate social responsibility outfit would continue to channel funds to support parents who give birth to
South Korea’s Mirae Asset Financial Group noted on Feb. 21 that its U.S. affiliate Global X ETFs had appointed financial services veteran Ryan O’Connor as its new chief executive officer.Mirae Asset said that O’Connor would start to lead the New York-headquartered provider of exchange-traded funds (
Korean Air said on Feb. 13 that the airline company has received the green light from the European Union’s antitrust regulator for its merger with smaller local competitor Asiana Airlines.The European Union endorsed the merger after Korean Air promised late last year to offload Asiana Airline’s carg
South Korea’s Hyundai Rotem announced on Feb. 6 that it has won an order to supply electric trains for the Los Angeles Country Metropolitan Transit Authority.Hyundai Rotem beat Stadler from Switzerland to win the $663.7 million contract under which the former is supposed to supply 182 heavy rail veh
Merck has vowed to keep its promise of investing 600 million euros in South Korea to support the country’s semiconductor industry, including Samsung Electronics and SK hynix.In a press conference in Seoul on Feb. 2, the tech giant said that it had already channeled 300 million euros in line with its
The Harvard-Radcliffe Orchestra announced on Feb. 1 that the ensemble would return to Seoul midway through next month for the first time in almost a decade.The orchestra, which was founded in 1808, is scheduled to perform at the Lotte Concert Hall located in eastern Seoul at 7:30 p.m. on March 13.A
South Korea's Hanwha Group said on Feb. 1 that its affiliates had recently presented their state-of-the-art defense technologies to the chief of the Canadian Global Affairs Institute (CGAI).CGAI President David Perry visited Hanwha facilities on Jan. 23 and 24. The CGAI is Canada’s leading source of
Hanwha Aerospace said on Jan. 23 that military representatives from six countries operating its 155mm/52-caliber K9 Self-Propelled Howitzer (SPH) had convened in Helsinki.The third edition of the annual K9 User Club meeting was hosted by Finland, which has joined NATO, as the Finish Army is operatin
Celltrion USA said on Jan. 17 that it had launched an 80mg dose of YUFLYMA, a high-concentration and citrate-free formulation of HUMIRA biosimilar, in the United States.Celltrion USA is an affiliate of South Korea’s first-tire biopharmaceutical company Celltrion.YUFLYMA is currently available in a s