South Korea's forest agency announced Thursday that it has established a cooperative organization with Laos to enhance joint efforts in combating deforestation and promoting sustainable forest management. The organization, the REDD+ Cooperation Center, focuses on reducing emissions from deforestation and forest degradation. It is based on the REDD+ Act, a framework adopted in February under the UN for implementing, monitoring and managing programs aimed at conserving forests and reducing ca

Industry Oct. 10, 2024

Lotte Group Chairman Shin Dong-bin, alongside executives from the group's Korean and Japanese subsidiaries, visited Ghana to support the sustainable sourcing of cacao, a key ingredient in their signature chocolate product. As part of the Sustainable Cocoa Bean Project, a joint initiative by Lotte's Korean and Japanese branches, the visit included Lee Young-gu, head of Lotte's food division; Lee Chang-yeop, CEO of Lotte Wellfood; and Genichi Tamatsuka, CEO of Lotte Holdings. Lotte

Companies Oct. 10, 2024

AliExpress Korea CEO Ray Zhang expressed the company’s commitment to enhancing product safety during a parliamentary audit, where he faced criticism from South Korean lawmakers for the platform’s failure to stop the sale of hazardous products despite previous pledges to do so. The audit, led by the Trade, Industry, Energy, SMEs and Startups Committee on Monday, was convened to address growing concerns about unsafe products circulating on Chinese e-commerce platforms. These platforms,

Companies Oct. 8, 2024

A diverse range of institutions -- from medical experts and ESG-focused companies to art students and pet care providers -- engaged visitors through interactive booths at Wellness Seoul 2024, offering a blend of health, creativity and eco-friendly initiatives aimed at inspiring a higher quality of life for all. Among the most popular booths was that of the Seoul Korean Medicine Association, a community of Korean medicine doctors based in Seoul. The doctors provided on-site consultations and offe

Industry Oct. 7, 2024

Set against the beautiful backdrop of the Banpo Bridge’s fountains cascading over the Han River, Wellness Seoul 2024 concluded on Sunday evening with performances by an orchestra, popera singers and a guitarist -- all delivering a message of embracing a quality, healthy life through the appreciation of music in everyday life. The highlight of the evening event -- the namesake Wellness Seoul Concert -- was British popera singer Paul Potts, who performed pieces including “Impossible Dr

Performance Oct. 7, 2024

South Korea's forest agency said Thursday that a research project submitted by its affiliate, the Korea Arboreta and Gardens Institute, aimed at addressing the climate-driven food crisis through crop wild relatives, has been selected for a part of an R&D program promoting cooperation with the European Union. Crop wild relatives, also known as CWRs, are recognized for their ability to adapt to extreme environments and their high genetic diversity, making them crucial for improving future

Industry Oct. 3, 2024

Lotte Corp., the South Korean holding company of Lotte Group, is strengthening its corporate social responsibility campaigns, placing particular focus on children, women and military personnel. Since 2017, the company has been supporting local community centers dedicated to after-school care for children, creating garret-style shelters equipped with cultural and interactive materials, it said. To date, Lotte Corp. has supported 87 centers nationwide, with plans to expand to areas including Daegu

Companies Oct. 3, 2024

South Korean e-commerce giant Coupang said Wednesday that it has rebranded its one-day delivery service for premium beauty products as R.LUX, introducing a dedicated app to enhance user experience. Initially launched as Rocket Luxury in July 2023 as part of Coupang’s strategy to expand into the premium beauty market, the service was rebranded as R.LUX to elevate the shopping experience and create a stronger, more distinctive identity, the company said. The platform offers improved featur

Companies Oct. 2, 2024

Celebrity entrepreneur and chef Paik Jong-won’s yearslong effort to list his food franchise firm Theborn Korea on the country’s main bourse has cleared its first hurdle, yet challenges remain as the fate of the company heavily depends on his fame. Supported by a strong brand lineup and the rising public profile of its CEO Paik, Theborn Korea passed the preliminary review by the Korea Exchange for its initial public offering on Aug. 30, about three months after submitting its applicat

Companies Oct. 2, 2024

In a world where sleep disorders reportedly affect millions, South Korean startup Munice is offering a unique and science-based solution. Their app, Nightly, specializes in using a specific type of rhythmic sound frequency, called monaural beats, designed to promote relaxation and deep sleep. According to CEO Kwon Seo-hyun, 26, Nightly helps users fall asleep faster and experience deeper rest through brainwave entrainment. The app encourages electrical oscillations of the brain to synchronize wi

Industry Oct. 1, 2024

Spending quality time for physical and mental well-being has become a mantra for people living in today’s fast-paced world. To promote a healthier and more balanced lifestyle, Herald Media Group, publisher of The Korea Herald, is launching its inaugural Wellness Seoul 2024 with support from the Seoul Metropolitan Government. Wellness Seoul 2024 aims to unite people from all walks of life in a shared celebration of healthier living and overall wellness, welcoming anyone seeking relaxation a

Industry Sept. 30, 2024

South Korean drug maker Daewoong Pharmaceutical said Monday that more than 88 percent of its patents registered over the past five years in the country have been for new drugs, reflecting the firm’s efforts to enhance its competitiveness in both domestic and global markets through the development of advanced pharmaceuticals. According to data from the Ministry of Food and Drug Safety, Daewoong registered nine domestic patents from 2020 to September 2024. Of these, eight are related to the

Companies Sept. 30, 2024

South Korean steelmaker Hyundai Steel is seeking to beef up its online sales capabilities through Hcore Store, the company’s e-commerce platform dedicated to steel products for construction, by diversifying offerings and introducing services to enhance customer convenience on the platform. Launched in July 2023, Hcore Store initially focused on promoting Hyundai Steel’s earthquake-resistant building material brand, Hcore. The platform began with core construction materials like rebar

Companies Sept. 29, 2024

The streets around Seongsu Station in Seongdong-gu, eastern Seoul, have recently become a popular destination for young adults and foreign tourists, especially those interested in fashion and beauty products. The increasing popularity in this area is due to the growing number of fashion brand select shops, along with beauty and drugstores, strategically located along the street to target the rising number of visitors -- creating a virtuous cycle that continues to boost its reputation. On Sept. 1

weekender Sept. 28, 2024

Samsung Biologics said Wednesday that it is participating in BioProcess International 2024, a global biopharmaceutical conference in Boston, where it has been showcasing new contract development platforms. BioProcess International 2024, which began Monday and runs through Thursday, is an annual event that brings together experts and companies from around the world to share the latest advancements in biopharmaceutical technologies. This year, over 220 companies are exhibiting. Samsung Biologics h

Companies Sept. 25, 2024