Korean space startup Innospace said Monday it plans to launch its upgraded multipurpose suborbital rocket, Sebit, in Brazil on Nov. 29, following an unsuccessful maiden test flight in August. The company has secured a 26-day launch window from Nov. 16 to Dec. 11 at the Alcantara Launch Center in Brazil, in coordination with state-owned aerospace company ALADA, the Brazilian Air Force and the Brazilian Space Agency. The final launch date and time will be determined based on weather conditions, launch readiness and other operational factors. Sebit is a multipurpose suborbital rocket designed to provide commercial testing and validation services. The single-stage rocket is powered by a 4-ton-class hybrid engine and measures 8.7 meters in length and 0.7 meters in diameter. The upcoming flight will mark Sebit's second test launch following a series of technical upgrades aimed at improving its propulsion and flight stability. The improvements include increasing engine thrust from the 3-ton class to the 4-ton class and redesigning the flight control algorithm. The upgrades follow an unsuccessful

Samsung Bioepis said Monday that its proposed biosimilar SB27 demonstrated comparable efficacy and safety to Keytruda, a blockbuster cancer immunotherapy drug that was the world's best-selling pharmaceutical product last year, in a global Phase 3 clinical trial. According to the company, it announced the Phase 3 clinical study results at the Society for Immunotherapy of Cancer Annual Meeting 2026 held in Phoenix, Arizona, from Nov. 4 to 8. Keytruda, developed by U.S. pharmaceutical company MSD, is a cancer immunotherapy drug that binds to programmed cell death protein 1 (PD-1), an immune checkpoint receptor, helping the immune system attack cancer cells. It was the world's best-selling drug last year, generating approximately 46 trillion won ($31.7 billion) in global sales. The Phase 3 study, which began in 2024, involved 555 patients with metastatic nonsquamous non-small cell lung cancer across 14 countries, comparing SB27 with the original drug in combination with standard chemotherapy. In the study, SB27 met its primary endpoint by demonstrating an equivalent objective response rate t

Samyang Roundsquare, the parent company behind the Buldak spicy instant noodle maker Samyang Foods, said Monday its YouTube channel samyangman has surpassed 2 million cumulative views about three months after its launch in August. The channel airs “Fire or Fired,” an original series from BURNT, the company’s spicy food content brand. The show follows Tony, a Samyang employee who struggles with spicy food, as he tries fiery local dishes in New York, Texas, Los Angeles and other parts of the United States. Tony is what Koreans jokingly call a “maepjjiri,” slang for someone with a low tolerance for spicy food. Instead of hiring celebrities or influencers, the company cast its own employee, who interacts with locals on camera. The seven episodes released so far have drawn more than 2.18 million views as of Sunday. The most-watched episode, featuring a visit to Samyang America, the company’s U.S. subsidiary, logged 770,000 views, followed by episodes filmed in Nashville, Tennessee, and New Mexico. Viewers in the United States accounted for about 45 percent of total views, while th

CJ Olive Young, Korea’s largest health and beauty store chain, will open five more stores in California by the first half of 2027, bringing its U.S. total to seven, the company said Monday. The retailer opened its first U.S. store in Pasadena in May and a second at Westfield Century City in Los Angeles in June. Four of the new stores will be in the greater Los Angeles area: Spectrum Center, a lifestyle shopping center in Irvine; Del Amo Fashion Center in the South Bay area; Bloom on 3rd, a shopping complex near the Farmers Market in central Los Angeles; and Brea Mall in Orange County. The fifth will open at Fashion Valley in San Diego, its first outside the Los Angeles area. Opening dates for each store have not been set. Three of the sites — Del Amo Fashion Center, Brea Mall and Fashion Valley — are operated by Simon Property Group, a major U.S. mall owner. The company said the expansion will help small and independent Korean cosmetics brands, collectively known as K-beauty, reach American consumers without their own distribution networks. Olive Young said its stores also introduce

Hanwha Aerospace said Monday its U.S. subsidiary plans to conduct two test-firings of missiles from its Chunmoo multiple rocket launcher system in the United States as part of its effort to adapt the land-based system for naval use. The missiles will be launched from a vessel off the southern U.S. coast later this month to assess the system's suitability for shipboard deployment. The tests follow an April agreement between Hanwha Defense USA (HDUSA) and Florida-based Magnet Defense to develop a containerized Chunmoo launcher for the H38 medium unmanned surface vessel (MUSV). HDUSA has been expanding its presence in the U.S. maritime defense market. It is in talks to acquire Austal USA, the U.S. subsidiary of Australian shipbuilder Austal, with negotiations under way over key terms of the deal. Last month, HDUSA secured a $269 million contract from shipbuilding management company TOTE Services to build a medium landing ship for the U.S. Navy and Marine Corps. The deal came two years after Hanwha acquired Philly Shipyard in 2024, marking another step in its U.S. shipbuilding expansion.

Hyundai Motor Group said Monday its hydrogen business brand HTWO will partner with French industrial gas company Air Liquide to expand hydrogen-powered mobility in China. HTWO Guangzhou, the Korean automotive group's first overseas hydrogen fuel-cell system manufacturing base, signed a cooperation agreement with Air Liquide China on the sidelines of the China International Import Expo 2026, which opened in Shanghai last week. Under the agreement, the two companies will combine HTWO Guangzhou's hydrogen fuel-cell system technology with Air Liquide's expertise in hydrogen production, storage, transportation and infrastructure development. The partnership is aimed at accelerating the adoption of hydrogen-powered vehicles in China by integrating fuel cell technology with the hydrogen supply and refueling infrastructure.

Debt-ridden Korean broadcaster JTBC plans to select a preferred bidder in January, the company said Monday, putting up its official notice for the envisioned sale. The sale will be conducted through an open competitive bidding process through the injection of external capital, EY Hanyoung, the accounting firm advising the sale, said in the notice. Potential bidders can submit their letter of intent over the next four weeks. JTBC said it will conduct the sale in a "transparent and fair" manner in accordance with relevant laws and rehabilitation court procedures. "Through the merger and acquisition, we hope to establish a sustainable base for growth and strengthen content and channel competitiveness," the broadcaster said. The sale notice came some two months after the Seoul Bankruptcy Court approved JTBC's request to begin rehabilitation proceedings in late August, allowing the company to restructure its debts under court supervision.

Woowa Brothers and Coupang have been slapped with a combined 631.9 billion won ($465 million) in fines for abusing their dominant positions in Korea’s food delivery market by forcing affiliated restaurants to offer consumers prices and promotional terms at least as favorable as those available through competing channels. The Fair Trade Commission (FTC) said Monday it has decided to order the companies to rectify the unfair practices and impose provisional fines of 331.1 billion won on Woowa Brothers, the operator of Baemin, and 300.8 billion won on Coupang, which operates Coupang Eats. The two platforms account for more than 90 percent of the nation’s food delivery market share. According to the regulator's investigation, both companies abused their market power to impose so-called most-favored-nation (MFN) requirements on restaurants, restricting their ability to offer different prices, discounts and other terms through competing delivery platforms. The FTC said the practices made it difficult for restaurants to establish more favorable conditions on rival platforms and weakened co

KT is opening its latest gold-number lottery to mobile phone users across Korea, giving customers of rival carriers and budget phone services a chance to secure sought-after numbers such as 1111, 1234 and 1004. KT said Monday it would hold a drawing for mobile phone numbers considered particularly desirable because they are easy to remember or carry special meanings. The company is offering 155 categories of preferred numbers, including AAAA patterns, in which all four digits are identical, such as 1111 and 2222, and ABCD patterns featuring consecutive digits, such as 1234 and 5678. Numbers with particular meanings, including 1004 and 2580, are also included in the selection. Each applicant can enter the drawing for up to three numbers, KT said. Applications can be submitted at KT stores nationwide, through KT's website or via its My KT mobile application. Participation is not limited to KT subscribers, with customers using other mobile carriers and mobile virtual network operators, commonly known as MVNOs, also eligible to enter. The expanded eligibility gives mobile phone users across dif

KT&G, Korea’s leading tobacco maker, is expanding its next-generation product footprint in Central Asia by launching its FLEX heated tobacco device and FAIIM sticks in Kazakhstan. The Korean tobacco company said it introduced the products in October, marking its direct entry into Kazakhstan's heated tobacco market. FLEX and FAIIM are locally branded versions of KT&G's lil AIBLE device and AIIM tobacco sticks, which are already sold in Korea, adapted for the local market. The products are initially available only in Almaty, Kazakhstan's largest city, with KT&G planning to expand distribution channels gradually. The company is also operating a FLEX flagship store at Forum Mall, a major shopping center in Almaty, to strengthen its connection with local consumers. The store will offer brand information, customer consultations and other services designed to help consumers better understand the products and experience the brand. The launch forms part of KT&G's broader strategy to expand its next-generation products (NGP) business internationally after establishing an independent commercializat