The Korea Times

Osstem Implant's US unit receives 2023 President's 'E' Award

Head of Hiossen, Osstem Implant's U.S. unit, Lee Kyung-rae, center, poses with the United States Secretary of Commerce Gina Raimondo, left, during the award ceremony of 2023 President's “E” Award at the U.S. Department of Commerce's building in Washington D.C., June 6 (local time). Courtesy of Osstem ImplantBy Kim Jae-heunOsstem Implant's U.S. unit, Hiossen, won the 2023 President's “E” Award, in recognition of the company's product quality, clinical education and job creation, the company said Monday.The award was established in 1961 to encourage and promote companies and organizations that contribute to the expansion of U.S. exports under former U.S. President John F. Kennedy. Twenty winners are selected every year by the U.S. Department of Commerce through the final screening, among candidates recommended by the 50 state governments. “This award means that the U.S. government has recognized our U.S. branch's excellent capabilities and potential for business development. It is expected to play an important role in not only facilitating our business the

Jun 12, 2023By Kim Jae-heun

Osstem Implant's US unit receives 2023 President's 'E' Award

Companies

Companies bolster CSR to improve brand image abroad

HiteJinro CEO Kim In-gyu delivers 400 million dong ($17,000) in scholarship funds to 20 college students at Melia Hanoi in Hanoi, June 5. Courtesy of HiteJinroBy Kim Jae-heunA growing number of Korean companies are expanding their corporate social responsibility (CSR) activities in Vietnam and other emerging markets as they seek to improve brand reputation and boost business presence, according to industry officials. The country's largest liquor firm HiteJinro delivered 400 million dong ($17,000) to a total of 20 college students in Vietnam, June 5. The company provided 20 million dong to each of the selected students studying at the University of Languages and International Studies and Hanoi University.Since the establishment of its local branch in Hanoi, the liquor firm's best-selling soju products Chamisul and Jinro have caught on with young consumers there, showing an annual growth of 15 percent. In 2021, HiteJinro's sojo products ranked No. 1 in the local spirits market, according to global market research firm Euromonitor. “We started CSR activities to target local consum

Jun 10, 2023By Kim Jae-heun

Companies

Hyundai Motor partners with Spider-Man animation to envision future mobility

Hyundai Motor's concept car “Flying Prophecy” appears in the upcoming 'Spider-Man: Across the Spider-Verse' / Courtesy of Hyundai Motor By Kim Jae-heunHyundai Motor is collaborating with Sony Pictures Entertainment to showcase its innovative future mobility in the upcoming “Spider-Man: Across the Spider-Verse,” which is scheduled to open in Korea on June 21, Korea's largest automaker said Friday. The company signed a strategic partnership with Sony Pictures in 2020 to conduct various marketing activities utilizing its intellectual property. Through media platforms such as movies, animations and digital content, the company allowed customers to experience Hyundai Motor's new products, technologies and future mobility direction. In the new Spider-Man movie, Hyundai Motor will introduce various mobility solutions such as “Flying Prophecy,” a concept car based on the company's electric vehicle IONIQ 6 design, a purpose-built vehicle, advanced air mobility and a mobility

Jun 9, 2023By Kim Jae-heun

Hyundai Motor partners with Spider-Man animation to envision future mobility

Companies

Bhc opens Outback, Super Duper at COEX

Bhc Chairman Park Hyeon-jong, fourth from left, pose with other company officials at the opening ceremony for side-by-side Outback Steakhouse and Super Duper restaurants at Starfield CEOX Mall in Gangnam, Seoul, Friday. Courtesy of bhc By Kim Jae-heunLocal food franchise firm bhc has opened an Outback Steakhouse and a Super Duper Burger at Starfield COEX Mall in southern Seoul's Gangnam to maximize the synergy between the two restaurants, the company official said Friday. The two branches at the country's longest-running multi-shopping mall is meaningful, as they are the 94th Outback Steakhouse and the third Super Duper introduced in Korea. “We have high expectations for the opening of two restaurants with unrivaled identities, which have maximized customer contact by entering COEX Mall. We hope the two franchises having two distinct but similar brand identities will create synergy and realize customer satisfaction by focusing on their capabilities within the group,

Jun 9, 2023By Kim Jae-heun

Companies

SPC bolsters PR activities in US

FOX TV anchors introduce Paris Baguette's bakery products on morning news show “FOX & Friends,” in Manhattan, New York, Tuesday, local time. Courtesy of SPC GroupBy Kim Jae-heunSPC Group introduced Paris Baguette on U.S. cable news channel FOX NEWS, Tuesday (local time), to increase the brand image of its bakery chain in the world's largest consumer market, the company said Thursday. During the three-hour morning news show “FOX & Friends” broadcasted live at FOX Squares in Manhattan, New York, the anchors and members of the public tasted Paris Baguette's cake, bread and pastries.Paris Baguette Americas CEO Darren Tipton also appeared at the news show to brief on the company's current status and vision of its business in the region.“Since our first entry in the U.S. market in 2005, Paris Baguette promoted its products mainly in small communities targeting local consumers to raise awareness of its brand,” a SPC official said. “However, as the brand grew rapidly to open 130 stores in 27 states, the company felt the need to raise its awar

Jun 9, 2023By Kim Jae-heun

Companies

Samsung Biologics signs $409 mil. CMO deal with Pfizer

Samsung Biologics' fourth plant in Incheon / Courtesy of Samsung BiologicsBy Kim Jae-heunSamsung Biologics has signed a 535 billion won ($409 million) contract manufacturing organization (CMO) deal with Pfizer as part of its strategic partnership for long-term consignment production of a wide range of medicines, the company official said Thursday. Under the latest contract, the biotech company will produce Pfizer's multi-variety biosimilars, or biopharmaceutical replication drugs, including treatments for tumors, inflammation and immune system problems, at its recently built its fourth plant in Incheon. “We are pleased to strengthen our cooperation with Pfizer, which has a vision to provide innovative solutions to patients around the world,” Samsung Biologics CEO John Rim said. “We were able to ink our second contract with Pfizer as the construction of our fourth plant was completed as scheduled earlier this month. We will also accelerate the expansion of the second bio-campus to provide more flexible and advanced consignment production service to customers.”&

Jun 8, 2023By Kim Jae-heun

Samsung Biologics signs $409 mil. CMO deal with Pfizer

Companies

HD Hyundai CEO meets IMO chief

HD Hyundai CEO Chung Ki-sun, right, poses with Lim Ki-tack, secretary general of the International Maritime Organization (IMO), after holding a meeting at Nor-shipping 2023, a global shipping and maritime exhibition, in Oslo, Norway, Wednesday (local time). The two discussed a range of issues concerning the global shipbuilding and shipping industries. Courtesy of HD Hyundai

Jun 8, 2023By Kim Jae-heun

Companies

Hyundai Motor, IKEA join hands to promote sustainable outdoor activities

Hyundai Motor's KONA electric vehicle is showcased with IKEA's sunbed products at the Kona EV Zone, set up in IKEA's garden in Gwangmyeong, Gyeonggi Province, Monday. Courtesy of Hyundai MotorBy Kim Jae-heunHyundai Motor joined hands with IKEA Korea to hold a sustainable outdoor campaign called Green For-rest at IKEA's garden in Gwangmyeong, Gyeonggi Province, from June 5 to 11, the company official said Monday.The event is designed to encourage sustainable outdoor activities to visitors by promoting Hyundai Motor's eco-friendly vehicles such as its all-new Kona, IONIQ 6 and Nexo with IKEA's various household products. “We have prepared this collaboration event to give customers the pleasure of sustainable outdoor activities created with our electric vehicles and IKEA's products. We will continue to introduce sustainability-based collaborative content (in the near future),” a Hyundai Motor official said. The carmaker and the furniture firm organized the exhibition space with three concepts in mind: the Kona EV Zone, the IONIQ 6 Zone and the Nexo Zone, all named after the

Jun 6, 2023By Kim Jae-heun

Hyundai Motor, IKEA join hands to promote sustainable outdoor activities

Companies

Lotte chief vows to fully support Busan's Expo bid

Lotte Chairman Shin Dong-bin, sixth from left, poses with company employees during an event to promote Busan's bid to host World Expo 2023 at the Lotte Open golf tournament in Incheon, Saturday. Courtesy of Lotte GroupBy Kim Jae-heunLotte Group Chairman Shin Dong-bin promised to fully support Busan's bid to host the World Expo in 2030, during his visit to the KLPGA Lotte Open golf tournament held in Incheon, Saturday, company officials said Monday.“As we have only six months left until the day of selecting a host for 2030 World Expo, Lotte will mobilize all its capabilities to support Busan,” Shin said. Lotte Group carried out publicity activities to promote Busan's World Expo bid during its golf tournament held between June 1 and 4. The company installed a photo zone and played promotional videos of Busan in the gallery plaza zone at the golf course, where six affiliates of Lotte Group gathered. Busan Metropolitan City's seagull mascot Boogie and Lotte Homeshopping's popular character Belly Gom appeared at the golf tournament on the weekend to cheer for Busan's Expo camp

Jun 5, 2023By Kim Jae-heun

Lotte chief vows to fully support Busan's Expo bid

Companies

Retailers use recycled, biodegradable plastic to attract eco-conscious consumers

Oriental Brewery CEO Ben Verhaert, center, holds a new PET container made of 25 percent recycled plastic at the company's headquarters in Seoul, May 31. Courtesy of OBBy Kim Jae-heunRetailers and food & beverage makers are stepping up efforts to reduce the use of disposable packaging to appeal to a growing number of environmentally-conscious consumers, according to industry officials, Sunday.Coca-Cola Korea Company recently introduced 1.25-liter Coca-Cola and Coca-Cola Zero products that use recycled polyethylene terephthalate (PET) bottles. The containers are made with 10 percent recycled plastics that have been used locally. Oriental Brewery (OB) plans to introduce the country's first chemically recycled PET bottle for its beer products soon. It aims to replace all PET bottles with bottles made of 25 percent recycled plastic by next year. This is expected to reduce 1,000 tons of plastic used annually, according to the company. “Reducing the use of plastic materials to fight climate change is one of OB's most important agenda currently,” an OB official said. “R

Jun 5, 2023By Kim Jae-heun

Kim Jae-heun

Read more

Osstem Implant's US unit receives 2023 President's 'E' Award

Companies bolster CSR to improve brand image abroad

Hyundai Motor partners with Spider-Man animation to envision future mobility

Bhc opens Outback, Super Duper at COEX

SPC bolsters PR activities in US

Samsung Biologics signs $409 mil. CMO deal with Pfizer

HD Hyundai CEO meets IMO chief

Hyundai Motor, IKEA join hands to promote sustainable outdoor activities

Lotte chief vows to fully support Busan's Expo bid

Retailers use recycled, biodegradable plastic to attract eco-conscious consumers

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