Latest news with #Korea-based
Business Wire
3 days ago
- Health
- Business Wire
Wellness Innercell Expands into Indonesian Home Shopping Market with Joint Care
CHANGWON, South Korea--(BUSINESS WIRE)-- Wellness Innercell, a cosmetics manufacturer and distributor of health functional food, announced that it will launch its flagship health supplement product, 'Joint Care,' on Indonesian home shopping channels starting this October. 'In addition to our ongoing exports to the U.S., we will focus on pioneering new markets in Southeast Asia, starting with Indonesia in the second half of this year.' Share According to the company, Joint Care addresses the side effects and cost burden often associated with conventional joint supplements. It helps relieve joint pain while supporting cartilage protection, nerve and muscle health, dental care, bone density improvement, enhanced physical performance, immune system function, and energy production. Certified by the Korean Ministry of Food and Drug Safety as a health functional food, it contains key active ingredients at the maximum daily allowable dosage and includes probiotics to promote digestive health. Leveraging a multi-formula technology, Joint Care combines a variety of functional ingredients into a single all-in-one tablet, offered in convenient PTP (Press-Through Package) form for easy carrying and consumption. 'In addition to our ongoing exports to the U.S., we will focus on pioneering new markets in Southeast Asia, starting with Indonesia in the second half of this year,' said Kang Ik-geun, CEO of Wellness Innercell. About Wellness Innercell Wellness Innercell is a Korea-based manufacturer and distributor specializing in cosmetics and health functional foods, dedicated to delivering innovative, science-backed solutions for better living. Leveraging advanced formulation technology and strict quality standards, Wellness Innercell aims to expand its global presence and provide trusted health products to consumers worldwide.
New Indian Express
4 days ago
- Business
- New Indian Express
Shipyard plan threatens Mullakadu salt business
THOOTHUKUDI: Salt pan owners and labourers in Mullakadu have planned to stage an agitation against the recently proposed centre's shipbuilding yard, saying the project might potentially wipe out the century-old salt pan industry in the region, which employs approximately 15,000 people. Recently, the district administration served A1 notices to the salt pan owners having salterns in Mullakadu-2 panchayat of Pudukottai firka, to reclaim 731.7 acres (296.23 hectare) of poramboke land in the region for the shipbuilding project. The salt pan owners have been asked to respond within 15 days. Earlier, the Ministry of Port, Shipping and Waterways noted that the Tamil Nadu government had responded to the proposals to set up shipbuilding infrastructure. The ministry officials, along with the V O Chidambaranar port officials, have held talks with a Korea-based shipbuilding company. Also, Chief Minister M K Stalin, during his recent visit to Thoothukudi, announced the establishment of a shipbuilding corporation to develop infrastructure for shipbuilding companies. Sources said that the revenue officials had inspected land parcels along the shoreline of Mullakadu and Palayakayal panchayats, where over 500 salt producers had established salterns in the land area proposed for the project. Official sources said they have earmarked 1,147 acres (approximately) — including poramboke and private lands — with a seaward frontage of 1,200 metres at the Mullakadu Beach. Since 1937, salt production has been active on the poramboke land parcels near Mullakadu seashore, said Kovalam Thanpadu Pasuvantharai Small Salt Pan Owners Association secretary P Sekar. Leases for government land parcels were granted for 20 years in 1974, and the same had been renewed, accordingly, he said. Many residents from the 10 wards of the Thoothukudi corporation depend on these salt pans for their livelihood, he said, asking, 'Is it development if one business is destroyed for another?' To register their opposition, the salt pan owners recently met industries minister TRB Rajaa, MP Kanimozhi Karunanidhi, and Social Welfare and Women Empowerment minister Geetha Jeevan. CITU's Salt Pan Workers' Association leader Ponraj said the project would destroy salt production and the livelihood of all the traders and workers who depend on it. He announced an agitation at Muthaiyapuram on August 14 against the shipbuilding project and demanded that the union and state governments reconsider their decisions. Speaking to TNIE, minister Geetha Jeevan said, 'The opposition from the salt pan owners will be taken to the knowledge of the government before finalising the project,' adding that the details for the project have not yet been completely chalked out. A senior officer from the V O Chidambaranar port refused to comment on the shipbuilding project, saying it is at a preliminary stage.
Korea Herald
14-07-2025
- Business
- Korea Herald
Yeongjong Island 5D theme park project eyes W20tr economic boost
Backed by an estimated 16 trillion won ($12.6 billion) in foreign investment, the development of a next-generation '5D theme park' on Yeongjong Island is projected to generate over 20 trillion won in total economic impact through construction and operations, according to KIT World, the Korea-based project developer. KIT World's strategic planning team released projections based on a two-month artificial intelligence-driven study assessing the project's economic, employment and shared value impact across five key areas: job creation, environmental sustainability, education and technology, culture and aging society response. According to the report, the project is expected to create over 100,000 jobs, including 20,000 direct hires and 80,000 indirect positions through regional partnerships. It will also provide 10,000 youth internship opportunities and prioritize contracts with more than 50 social enterprises. Environmental initiatives include a 500 billion won investment in eco-friendly infrastructure such as carbon reduction systems and solar power facilities, which are projected to reduce 30,000 tons of carbon emissions annually. In education and technology, the park is expected to attract 1 million annual visitors to its extended reality, virtual reality and metaverse learning zones, while running 300 regional training programs, nurturing 2,000 creators and operating a 50 billion startup fund. In terms of cultural benefits, the park will host year-round 20,000-seat arena events, offer free access for 10,000 underserved individuals and draw between 8 and 10 million tourists annually. To address Korea's aging demographics, KIT World plans to welcome 1 million senior visitors annually, establish four senior centers and employ over 1,500 silver-specialized staff. Overall, the project expects to attract more than 20 million domestic and international visitors annually, solidifying its position as a cultural and economic landmark. 'Following recent investment announcements, interest in the KIT World project has surged. We are now preparing to meet with US investors and hold a press conference in Korea,' said a KIT World spokesperson.
Hans India
11-07-2025
- Business
- Hans India
Nara Lokesh meets Kush Tech CEO invites to set up D2M technology
Minister Nara Lokesh is set to introduce groundbreaking Direct to Mobile (D2M) technology to Andhra Pradesh after a productive meeting with Eric Shin, the father of D2M and CEO of the Korea-based Kush Tech Company. Following their discussions, Lokesh extended an invitation for the company to establish a manufacturing facility for feature phones and tablets in the state. The minister emphasised the importance of extending these services to remote villages, tribal communities, and hilly areas. To facilitate this, he assured that the government would offer essential space, permissions, and infrastructure through a streamlined single-window system, as well as comprehensive support. Lokesh expressed his commitment to liaising with the central government to obtain the necessary approvals for bringing D2M technology to India. D2M technology allows users to access live television, the internet, and make calls without the need for internet, WiFi, or SIM cards—potentially transforming lives for those in underserved regions. During the meeting, Eric Shin's team, which included Jung Hoon Kim, Sarin Suvarna, Shashi Doppalapudi, and Sagar Doddapaneni, presented a prototype of the feature phone and tablet powered by this innovative technology. Minister Lokesh praised Shin and his team for their work, stating that the availability of such devices could significantly improve the quality of life for the less privileged.
Korea Herald
08-07-2025
- Politics
- Korea Herald
Former, sitting lawmakers raided in election interference probe
Special counsel looks into former first lady's alleged election interference, ties to Sambu stock manipulation case A special counsel team conducted multiple search and seizure operations Tuesday at offices and residences of main opposition People Power Party lawmakers as part of an investigation into alleged election interference involving political broker Myung Tae-kyun and former first lady Kim Keon Hee. Tuesday's raid by the special counsel team — led by Min Joong-ki to investigate multiple allegations concerning Kim — was conducted to look into allegations that the former first lady meddled in the then-ruling party's candidate nominations for the 2022 parliamentary by-elections. According to the special counsel team, investigators carried out a separate search and seizure of People Power Party Rep. Yoon Sang-hyun's office and home, along with the home of Kim Young-sun, a former five-term lawmaker of the conservative party, to secure documents and digital data related to the then-presidential couple's possible election interference. The election interference scandal centers on Myung, who is suspected of receiving about 90 million won ($65,800) from former lawmaker Kim on several occasions from 2022 to 2024. This was allegedly in exchange for Myung's help in securing her nomination on the party ticket ahead of the 2022 by-elections. The prosecution, which had investigated this case prior to the special counsel in 2024, previously revealed that Yoon Sang-hyun's name was brought up in a recorded call between Myung and then-President Yoon Suk Yeol, who said he would ask Rep. Yoon and the People Power Party to support Kim, since 'he (Rep. Yoon) is the party's nomination committee chair, after all.' Investigators also searched the home of former prosecutor Kim Sang-min to look into Myung's allegation that former first lady Kim Keon Hee attempted to offer a ministerial post or a position as the head of a state-run agency to Kim Young-sun if she would agree to help the former prosecutor win the 2024 general election in Uichang-gu of Changwon, South Gyeongsang Province, which is a district previously won by Kim Young-sun. Meanwhile, the special counsel team, also tasked with probing Kim Keon Hee-related allegations including stock price manipulation, summoned key executives of Eurasia Business Association and Sambu Construction on Tuesday to examine ties between Kim and organizations involved in Ukraine reconstruction projects in 2023. According to the special counsel, a former president of Eurasia Business Association — a Korea-based consulting agency that organized the Ukraine Recovery Conference in 2023 — appeared for questioning on how the conference was planned and whether there was any attempt to orchestrate a stock-price surge at a midsized South Korean construction firm. The investigators reportedly examined the association and its officials' connections to former Land Minister Won Hee-ryong, former CEO of Black Pearl Invest Lee Jong-ho and other Eurasia Business Association executives. This measure is interpreted as an effort to secure evidence proving the relationships among those involved in one set of allegations against Kim. The allegations center on a surge in Sambu's stock price. Shares skyrocketed within a three-month period amid market rumors that the company was set to take part in Ukraine reconstruction projects in 2023. The stock price surge allowed former and current owners and executives of the company to unload company shares and reap profits worth tens of billions of won. The Sambu case first caught public attention after a message from Lee sparked controversy in July 2024. The company had previously announced it had signed a memorandum of understanding for cooperation on Ukraine's postwar reconstruction efforts with multiple organizations, including the Eurasia Business Association, in 2022. Though the stock price showed no noticeable change at the time, the Democratic Party of Korea later argued that the company's trading volume and stock price surged after Lee posted a text message saying, 'Check Sambu tomorrow' in a group chat that reportedly involved high-ranking military officials and a former Presidential Security Service official, among others, on May 14, 2023. On May 16, the then-presidential couple met with Ukrainian first lady and presidential envoy Olena Zelenska in Seoul. The company gained attention as a Ukraine reconstruction-themed stock and hit the daily price ceiling after the former land minister and major shareholders of Sambu attended the Ukraine Recovery Conference on May 22. Sambu's stock price skyrocketed as the company announced it had signed multiple memorandums of understanding with local Polish governments during the conference and promoted the agreements through press releases. Having stayed below 2,000 won (about $1.50) until May, the stock price surged to 5,500 won by July, when Yoon and Kim visited Ukraine. The Democratic Party raised suspicions of stock manipulation and suggested that Kim could have been involved, citing her personal ties with Lee, who was suspected of another case of stock price manipulation with Deutsch Motors that the former first lady was also accused of taking part in. The minor opposition Rebuilding Korea Party meanwhile questioned how Sambu, which had virtually no experience in overseas business barring a single road construction project in Pakistan in 2021, was able to attend the Ukraine Recovery Conference with the land minister. When Sambu's CEO, former and current owners were previously accused of inflating the stock price in April this year, authorities did not file a complaint with the prosecution against the former first lady and Land Minister Won at the time, saying they had found no evidence they had done anything criminal. The special counsel team is scheduled to summon Lee Il-jun, chairperson of Sambu Construction, for questioning on Wednesday as it widens investigations in regard to the stock price manipulation case.
