Posco said Thursday that it has introduced a lightweight steel takeoff and landing pad, specifically designed for vertiports on buildings. This new vertiport landing pad is constructed from a foam deck formed by thinly shaped steel plates, making it over 60 percent lighter than traditional landing pads while still offering superior rigidity, corrosion resistance and usability, according to the company. In June, Posco's landing pad underwent rigorous testing during Lotte E&C's urban

Korea’s private and public sectors have been working relentlessly to commercialize urban air mobility, or UAM, in 2025 as the country looks to take the lead in the up-and-coming global UAM sector. The Ministry of Land, Infrastructure and Transport has laid out the K-UAM roadmap with two-part demonstration projects of "Grand Challenges," or GC1 and GC2. The ministry explained that UAM, which mainly focuses on utilizing electric vertical take-off and landing, or eVTOL, aircraft to

Plans to Join the Ranks of the TOP 10 Global CDMOs, Heralding a New Era in the Global CDMO Landscape SEOUL, South Korea, July 4, 2024 /PRNewswire/ -- In a landmark event signaling its ambitious foray into the biopharmaceutical sector, LOTTE BIOLOGICS, under the leadership of CEO Richard W. Lee, held a groundbreaking ceremony for its inaugural plant at the Songdo Bio Campus in Incheon International City on July 3rd. The ceremony, commencing at 11 AM, marked a pivotal moment in the co

The spectacular three-day event attracted over 7,000 registrants from over 40 countries across Asia Pacific and the globe, in addition to participation from 238 exhibitors SINGAPORE, June 18, 2024 /PRNewswire/ -- The inaugural NRF 2024: Retail's Big Show Asia Pacific, organised by the National Retail Federation (NRF) in the U.S. and global event organiser Comexposium, successfully wrapped up with stellar attendance and a resounding impact on the future of retail. Held at the Sands Expo and C

KUCHING, Malaysia, June 4, 2024 /PRNewswire/ -- The Premier of Sarawak, Datuk Patinggi Tan Sri Abang Johari Tun Openg, is set to deliver the keynote address at the official launch of the Asia Pacific Green Hydrogen (APGH 2024) Conference & Exhibition on the 10th June 2024. The event will take place at the Borneo Convention Centre, Kuching, Sarawak. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg (middle) discusses the final preparations for APGH 2024 with Deputy Minister for Ener

The average salary of an executive of a major South Korean corporation is almost 11 times that of an average employee working at those companies, a report by an online think-tank monitoring local conglomerates showed Sunday. Chaebol.com analyzed the salaries of the people working for 162 subsidiaries of 20 major conglomerates in South Korea in the 2023 fiscal year, and found that the executives of those companies get paid an average salary of 1.09 billion won ($810,000) a year, compared to 99.6

Lotte Holdings has launched a health care media platform in Japan in line with its strategic initiative to strengthen its foothold in the health care sector. Initially introduced as part of Lotte Group’s digital marketing efforts in 2020, Lotte transformed the platform into an independent media corporation on Feb. 1, now officially known as Lotte Medi Palette Co., Ltd. The health care platform is fully funded by Lotte Holdings with 100 million Japanese yen ($664,000) and is represented by

As local card issuers struggle to seek new growth engines on foreign ground, a handful saw improvements in 2023. Making a surprise breakthrough overseas last year was Woori Card, which posted a cumulative net profit of around 6.25 billion won ($4.64 million) as of the third quarter through its foreign subsidiaries in Myanmar and Indonesia. The figure was up by almost 78 percent on-year. Driving the flourish was Woori Finance Indonesia, the Korean card company's newly launched Indonesian cor

The Incheon International Airport Corporation has unveiled its vision for the upcoming year, aiming to further digitalize the airport's systems and services for the convenience of passengers. "We have designated 2024 as Incheon Airport's year of digital transformation," Incheon International Airport Corp. CEO Lee Hag-jae said during a press conference held at the airport, on Wednesday. "Our objective is to integrate cutting-edge technology into airport services at both t

Lotte Group's year-end reshuffle announced on Wednesday signals a focus on new growth opportunities, placing the third-generation scion at the forefront. The conglomerate, ranked as the country's sixth-largest, has initiated this year's executive reform as it grapples with declining performance in its major subsidiaries. During an annual board meeting, a panel of 38 affiliates appointed 14 new chief executive officers. Among them, Shin Yoo-yeol, the 37-year-old eldest son of Lotte

Hyundai Motor Group announced Monday it has entered into a joint venture agreement with Saudi Arabia's Public Investment Fund (PIF) to construct its first-ever automobile assembly plant in Saudi Arabia and expand its presence in the Middle Eastern market. This announcement came as part of a broader initiative that saw 46 memorandums of understanding and joint partnerships signed between South Korean companies and Saudi Arabian counterparts during President Yoon Suk Yeol's state visit t

HONG KONG, Oct. 16, 2023 /PRNewswire/ -- Cosmoprof Asia 2023 is coming back to Hong Kong! The leading B2B beauty event in the Asia-Pacific region, organized by a joint-venture between BolognaFiere and Informa Markets, is ready to celebrate 26 years of successful track record. The event will host all the key players of the industry in its hometown, which has always been recognized as the gateway to the Asia Pacific region and Mainland China and renowned for its business-friendly environ

South Korean retail giant and the nation’s fifth-largest conglomerate Lotte Group has carried on diverse corporate social responsibility projects this year, under the slogan “From heart to heart." Earlier this month, Lotte hosted the “17th Korea Brand Expo” in Jakarta, Indonesia, bringing together small and medium-sized enterprises looking to enter the local market. Over four days, it provided business counseling for 50 Korean enterprises, giving tips about Indonesia

Announces Human Rights and Environmental Management Charter Alongside Annual Implementation Strategies within its Mid-to-Long-term ESG Roadmap Strengthens Eco-friendly Policies, Including Greenhouse Gas Reduction Plans from the Initial Factory Design Stage SEOUL, South Korea, Aug. 31, 2023 /PRNewswire/ -- LOTTE BIOLOGICS is embarking on full-fledged ESG (Environmental, Social, and Governance) management.  On August 30, LOTTE BIOLOGICS, under the leadership of CEO Richard

Pepsi-Cola Products Philippines, Inc. Garners Prestigious Enterprise Asia Linchpin of Asia Award 2023, Celebrating a Legacy of Excellence and Innovation in the Beverage Industry SINGAPORE, Aug. 15, 2023 /PRNewswire/ -- On its 34th year of operations, Pepsi-Cola Products Philippines, Inc. (PCPPI) is poised to face a post-pandemic world with a renewed clarity of purpose and passion for action. Guided by its core values of Integrity, Innovation, Care & Respect, Empowerment and Excellence