A view of LG Chem’s plant in Daesan, Chungcheongnam-do. (Photo: LG Chem)Despite unfavorable factors such as the sagging business performance petrochemicals and consequences caused by fires related to energy storage systems (ESS), LG Chem logged a better-than-market consensus 3rd quarter business pe…

Lotte Group Chairman Shin Dong-bin.Lotte Group, entering an emergency management mode, is most likely to make massive year-end reshuffle of executives of subsidiaries to turn around sagging business performances. Of late, Lotte Corp. Vice Chairman Hwang Gak-kyu ordered each subsidiary to shift into …

Vitamin products released under the health food brand “Returnup” of CJ Cheiljedang.“Returnup Fermentation Enzyme Red Ginseng Plus.” (Photos: CJ Cheiljedang)The older people get, the more decline they see in certain bodily functions. The reason is that food enzymes and other components of our bod…

Hyosung Group Chairman Cho Hyun-joon. (Photos: Hyosung Group)Hyosung Group boasts spandex and tire codes as its No. 1 products on the global market, attributable to endless technology innovation based on proprietary technology prowess. Hyosung’s “success DNA” lines up nicely with technology compe…

A Cream Skin Laneige on Display. (Photo: Amore Pacific)The Cream Skin that Laneige put on the market only a year ago has already emerged as a representative product for the company. The Cream Skin is a product which embodies the philosophy of Laneige. Last October, the product was put on the market …

An ad for Champ Cough, a cold remedy for children’s cold such as coughing, asthma, and sputum. (Photo: Dong-A Pharmaceutical)Dong-A Pharmaceutical Co. announced on Nov. 11 a cough syrup, “Champ Cough,” has been put on the market. The syrup-type cold remedy is designed to treat children’s colds.T…

KT&G posted operating profit for the 3rd quarter amounting to 382.4 billion won, up 7.2 percent YoY with sales rising to 1.322,1 trillion won, up 11.8 percent YoY in the same period. The increases were due to boosts in the sales of new cigarette brands such as “Legion Fiber,” raising the tobac…

President Huh Se-hong of GS Caltex.GS Caltex will offer at least 100 billion won ($84.3 million) in green bonds to invest in eco-friendly production facilities, the oil refinery said in mid-October.Green bonds allow companies to borrow money at lower interest rates for eco-friendly products or servi…

A view of the AmorePacific building in Seongsu-dong, Seoul.There are many sides to Seongsu-dong, but perhaps it is most commonly known for its alleys and one 40-year-old factory. Every weekend, its streets are thronged with artists and fashionistas who give the area a lively and bustling atmosphere.…