KB Kookmin Bank Enhances Senior Services with 'KB Golden Life' Care Program
KB Kookmin Bank is launching a care and support service aimed at senior customers. This initiative comes as the proportion of the elderly population in South Korea surpasses 20%, prompting the bank to strengthen its strategy to attract this demographic.On August 24, KB Kookmin Bank announced the release of the 'KB Golden Life Care and Support Service' through its KB Star Banking platform.This service has been developed in response to the growing demand for care and support services due to an agi
GS Engineering & Construction's Xi Brand Wins Top Design Awards for Second Consecutive Year
GS Engineering & Construction's residential brand Xi has won all three of the world's top design awards for the second consecutive year, showcasing its design capabilities from product design to brand identity and reaffirming the global competitiveness of the Xi brand.On August 24, GS Engineering & Construction announced that its lighting designs, 'Ignis' and 'Todd,' received bronze awards in the furniture and lighting category at the 'IDEA 2026' design awards held in the United States.Additiona
Hite Jinro's Terra Sparkling Sells 1.5 Million Cans in 20 Days
Hite Jinro's summer limited edition fruit sparkling beverage, Terra Sparkling, has sold out its initial production of 1.5 million cans within just 20 days of its launch.On August 24, Hite Jinro announced that all 1.5 million cans (based on factory shipments) of Terra Sparkling, released on August 4, have been sold out.Terra Sparkling expands the carbonation of the beer brand Terra into a fruit sparkling beverage. It is made with a base of Spanish white wine and fruit juices, available in three f
LS Electric to Supply $165.7 Million Power Equipment for U.S. Tech Data Center
LS Electric is set to provide large-scale power equipment for the construction of artificial intelligence (AI) data center infrastructure for a North American big tech company. The expansion of the existing contract volume is expected to accelerate LS Electric's entry into the North American AI data center market.On August 24, LS Electric announced that it has secured a project to supply power equipment for an AI data center worth approximately 230.9 billion won (about $165.7 million) from a Nor
EcoPro BM Upgrades Hungary Plant for NCM Production to Target European OEMs
EcoPro BM has begun renovations at its Hungary plant to supply large-scale high-nickel cathode materials to global European automotive OEMs.On August 24, EcoPro BM announced that it is modifying its existing nickel-cobalt-aluminum (NCA) line to produce nickel-cobalt-manganese (NCM) materials, which will be supplied to premium electric vehicles in Europe starting in the fourth quarter of next year.The Hungary plant, which began commercial operations in the first half of this year, has an annual p
Celltrion Applies for Domestic Approval of Keytruda Biosimilar 'CT-P51'
Celltrion has applied for domestic approval of its biosimilar to the global blockbuster immuno-oncology drug Keytruda (ingredient: pembrolizumab), named CT-P51, as part of its strategy to strengthen its oncology portfolio. The company plans to expand into major markets such as the United States and Europe, starting with domestic approval.On August 24, Celltrion announced that it submitted the application for the Keytruda biosimilar CT-P51 to the Ministry of Food and Drug Safety.This application
Korean Finance Minister Meets New AIIB President to Discuss Collaboration
Korean Finance Minister and Deputy Prime Minister Koo Yun-cheol met with the new President of the Asian Infrastructure Investment Bank (AIIB), Zhao Xiaochuan, to discuss expanding the participation of Korean companies in AIIB projects and increasing the hiring of Korean personnel.According to the Ministry of Economy and Finance, Koo met with President Zhao during his visit to South Korea, marking Zhao's first visit to a developed donor country in Asia since taking office in January.The AIIB is a
Park Jeong-seong: U.S.-Korea Strategic Investment Will Rival FTA Cooperation
Park Jeong-seong, the newly appointed head of the Trade Negotiation Bureau at the Ministry of Trade, Industry and Energy, stated on August 24 that "the implementation of U.S.-Korea strategic investment has emerged as the biggest challenge and opportunity between the two countries," adding that "through strategic investment, we will create a new bilateral cooperation framework comparable to the past U.S.-Korea Free Trade Agreement (FTA)."During his inauguration ceremony at the government complex
Korea Financial Investment Association Hosts Four K-Capital Market Forums
The Korea Financial Investment Association is working on a long-term strategy for the sustainable growth of the capital market.On August 24, the association announced that it has held a total of four regular forums since May, discussing key issues in the capital market through the 'K-Capital Market Forum,' which was launched in April.The K-Capital Market Forum was established to identify core issues with experts from various sectors of the capital market and to develop a long-term roadmap and st
POSCO E&C's 'Othier Banpo' Wins Four Awards at Red Dot and K-Design Awards
POSCO E&C's high-end apartment complex, 'Othier Banpo,' has won a total of four awards at the Red Dot Design Award and the K-Design Award. The project has been recognized internationally for its 'problem-solving design' that combines aesthetic appeal with energy efficiency, mobility convenience, and community experience.On August 24, POSCO E&C announced that 'Othier Banpo' received awards in two categories at the 'Red Dot Design Award 2026' and two categories at the 'K-Design Award 2026.'The awa