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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Hanmi Pharmaceutical gets attention with world’s 1st 'muscle-building' obesity drug

Hanmi Pharmaceutical is drawing market attention after reporting it has identified the scientific mechanism behind what it describes as “the world’s first muscle-building” obesity treatment. Korean drugmaker said Tuesday it has announced the nonclinical research results of three novel obesity drug candidates during European Association for the Study of Diabetes (EASD) Annual Meeting 2025 held from Sept. 15 to 19 in Austria. Highlighting the announcement was the study result of HM17321, which Hanmi described as the world’s first-in-class obesity drug that enables “increasing muscle mass while selectively reducing fat at the same time.” During the announcement, Hanmi presented research data suggesting that HM17321 induces muscle growth by activating the mechanistic target of the rapamycin pathway and promoting metabolic adaptation to be dependent on glycolysis. The research team also found that it helps activate an immune cell in muscle called a regulatory T cell, triggering satellite cells to create new muscle. The company also said that it conducted long-term administration t

Sep 23, 2025By Nam Hyun-woo
Hanmi Pharmaceutical gets attention with world’s 1st 'muscle-building' obesity drug

Son of Samsung's Lee begins naval officer candidate training

The son of Samsung Electronics Chairman Lee Jae-yong on Tuesday began a 10-week training program to become a Navy officer after entering military service last week. Lee Jee-ho was among 83 naval officer candidates at a ceremony marking the beginning of the program at the Naval Academy in Changwon, about 300 kilometers southeast of Seoul, after joining the service last Monday. The 24-year-old, who was born in the United States in 2000, renounced his U.S. citizenship to carry out his military duty as an officer. He will serve a total of 39 months in the military, including his training period. During the program, Lee will undergo various training from combat swimming to marksmanship drills before being commissioned as a Navy ensign on Nov. 28. He will carry out his service as an interpreter once commissioned. In Korea, all able-bodied men must serve in the military for at least 18 months.

Sep 23, 2025By Yonhap
Son of Samsung's Lee begins naval officer candidate training

LIG Nex1 signs teaming agreement with Airbus DS for integrated air defense system

Korea's LIG Nex1 said Tuesday it has signed a teaming agreement with Airbus Defense and Space (DS) to collaborate in the field of integrated air defense systems. The agreement was signed Monday at LIG Nex1's office in Pangyo, south of Seoul, by Park Tae-sik, head of the Korean firm's missile systems division, and Harald Mannheim, head of Airbus DS Germany. A teaming agreement defines how partnering companies will cooperate on specific projects, often used to guide future joint development and export projects. It follows a cooperation deal signed at the Seoul International Aerospace and Defense Exhibition (ADEX) in 2023 and is intended to broaden their joint work on air defense systems, as well as export projects in overseas markets, such as the Middle East and Southeast Asia, according to the Korean firm. LIG Nex1 said it is the only Korean defense company with system integration experience across the full spectrum of guided surface-to-air missiles, from the Cheongung system to the long-range L-SAM system. "With growing threats from drones, ballistic missiles and long-range rockets, the n

Sep 23, 2025By Yonhap
LIG Nex1 signs teaming agreement with Airbus DS for integrated air defense system

Celltrion acquires Eli Lilly bio plant in New Jersey

Celltrion said Tuesday it has signed a deal to acquire Eli Lilly’s biopharmaceutical manufacturing plant in Branchburg, New Jersey, in a preemptive move to shield itself from proposed U.S. pharma tariffs. In a regulatory filing, the biotech firm said its U.S. unit, Celltrion USA, has acquired the full stake of ImClone Systems, an Eli Lilly subsidiary running the plant, for $330 million. Celltrion Chairman Seo Jung-jin said during an online press conference that the company will invest a total of 1.4 trillion won ($1 billion) to run and acquire the plant and expand its facilities in the near future. The up-front amount is 700 billion won, including the acquisition price and early operation costs, with the remaining 700 billion won to be used for expansion. “As the Donald Trump administration demands tariffs for global Big Pharma, I thought ‘Made in USA’ could be the answer,” Seo said. “Since the acquisition covers the costly purification lines and the transfer of technical staff, the company was able to save a significant amount of expenses.” The acquisition came just months

Sep 23, 2025By Nam Hyun-woo
Celltrion acquires Eli Lilly bio plant in New Jersey

GKL receives welfare ministry award for creating jobs for older workers

Grand Korea Leisure (GKL) received an award from the Ministry of Health and Welfare for creating jobs and supporting social activities for older adults. GKL is the public operator of the country’s largest foreigner-only casino, Seven Luck, under the Ministry of Culture, Sports and Tourism. According to the casino operator on Tuesday, the company received the Minister’s Award after topping this year’s ministerial evaluation on Korea’s public agencies’ performance in job creation and social welfare program. The company received the award two years in a row. “I am very grateful for receiving the award,” GKL President Yoon Doo-hyun said in a press release. “GKL will continuously do its best to fulfill its duty as a public agency in helping strengthen various social values. Jointly with the Korea Labor Force Development Institute for the Aged, the Ministry of Health and Welfare has evaluated public agencies’ performance in supporting older adults every year. GKL said the agency received outstanding scores in the evaluation’s job creation, social services and job creation mo

Sep 23, 2025By Jhoo Dong-chan
GKL receives welfare ministry award for creating jobs for older workers

BAT Rothmans launches trial campaign for glo Hyper series

BAT Rothmans is expanding consumer access to its glo Hyper heated tobacco devices with a new trial marketing campaign that lowers the entry barrier for first-time buyers. The company said Tuesday the initiative reflects a growing trend in the retail industry to focus on product trials rather than simple price cuts, aiming to boost initial satisfaction, strengthen brand engagement and build long-term loyalty. Under the campaign, first-time purchasers can buy the flagship glo Hyper pro for 29,000 won ($20) online and offline, while the glo Hyper is available for 20,000 won exclusively at offline channels. The company said the pricing strategy combines performance with accessibility, reinforcing the premium positioning of the glo brand. To broaden consumer touchpoints, BAT Rothmans has partnered with major convenience store chains including CU, GS25 and 7-Eleven. Discount coupons, available through the official glo website “discoverglo,” can be redeemed at participating stores for the glo Hyper pro in obsidian black and the glo Hyper in cobalt blue. Online shoppers can receive automati

Sep 23, 2025By Ko Dong-hwan
BAT Rothmans launches trial campaign for glo Hyper series

HD Hyundai foundation supports families of shipyard accident victims

For the first time since its launch in September last year, the HD Hyundai HeeMang Foundation has begun covering living expenses for families of shipyard accident victims. HD Hyundai said Tuesday that nine families of deceased shipyard workers began receiving financial support from the foundation at the HD Hyundai Heavy Industries guesthouse in Ulsan. The amount each family received was based on the number of family members. The foundation plans to cover these families' living expenses every month through the end of September next year, conducting annual reviews to determine whether to continue the support. According to HD Hyundai, this is the nation’s first foundation to provide financial support for families of shipyard workers who died on the job. The foundation was established with funds donated by HD Hyundai Chairman Kwon Oh-gap, who contributed his own money to fulfill the company’s responsibility as the world’s leading shipbuilder. The name “HeeMang,” meaning “hope” in Korean, reflects the organization’s mission. “I deeply sympathize with the pain experienced by f

Sep 23, 2025By Park Jae-hyuk
HD Hyundai foundation supports families of shipyard accident victims

Trump’s APEC attendance boosts competition for shipyard visit

Competition is now in full swing to bring U.S. President Donald Trump to a Korean shipyard during the Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting slated for Oct. 31 to Nov. 1 in Gyeongju, North Gyeongsang Province. With Trump confirming his participation in the international summit, HD Hyundai Heavy Industries (HHI) and Hanwha Ocean, as well as the cities housing their shipyards, have ramped up efforts to secure a visit from the U.S. president, who has shown strong interest in revitalizing his country’s shipbuilding industry with Korean investment and technology. HD HHI has already urged diplomatic efforts to bring Trump to its shipyard in Ulsan, a port city bordering Gyeongju. “Our company is located about an hour’s drive from Gyeongju,” Joo Won-ho, head of HD HHI’s Naval & Special Ships Business Unit, said Friday during a meeting of the ruling Democratic Party of Korea (DPK) with defense industry leaders. “If President Trump and other leaders visit HD HHI and see our vast and diverse infrastructure, they will understand how the Korean shipbuilding

Sep 23, 2025By Park Jae-hyuk
Trump’s APEC attendance boosts competition for shipyard visit

PHOTO Korea Post resumes US shipments

A notice at Gwanghwamun Post Office in central Seoul Monday informs customers that Korea Post has resumed U.S. express mail, which was suspended last month after the U.S. ended its duty-free policy. Senders will now pay the applicable tariff. Yonhap

Sep 22, 2025By Kang Seung-woo
[PHOTO] Korea Post resumes US shipments

Korea pushes mineral cooperation with Mongolia

Korea’s Ministry of Trade, Industry and Energy Monday called for deeper cooperation with Mongolia in the minerals sector during the Mongolia-Korea Critical Minerals & Mining Investment Forum 2025 in Seoul. The forum brought together government officials, business leaders and industry stakeholders from the two countries to discuss bilateral cooperation in critical minerals and promote sustainable investment, aiming to reshape the global supply chain. “Recently, amid global instability in critical mineral supply chains from the U.S.-China strategic rivalry and China’s export controls, as well as major transformations in the energy market, Korea and many other countries are accelerating efforts to strengthen the security of critical minerals,” Vice Minister of Trade, Industry and Energy Lee Ho-hyeon, who oversees energy policy, said at the forum. He noted that the two countries share mutually beneficial opportunities as Mongolia holds abundant reserves of minerals such as molybdenum, nickel and tin, while Korea has skilled professionals and advanced technologies in industries such

Sep 22, 2025By Lee Gyu-lee
Korea pushes mineral cooperation with Mongolia
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