Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
Stocks of Korea's COVID-19 test kit makers jump as China infections spike
Stock prices of some South Korean biotechnology and pharmaceutical companies have increased based on expectations that China’s sudden spike in COVID-19 cases could positively impact their sales. On early afternoon Wednesday, the stock price of in-vitro diagnostics company SD Biosensor’s stock price went up 5.9 percent to 29,600 won ($23.24). Seegene, another major in-vitro diagnostics company, saw its stock price climb 6.5 percent to 27,800 won. Their stock price hikes came after the
Jan. 4, 2023
-
CES 2023 to offer glimpse into future lifestyles
South Korean companies will unveil cutting-edge products, offering a glimpse into the ways innovative technology could change people's lives at CES 2023, the world’s largest tech convention, to be held from Thursday to Monday in Las Vegas. Shrugging off prolonged pandemic disruptions, this year’s event will be at the largest scale in three years. Some 3,100 exhibitors from 173 countries and around 100,000 visitors are expected to show up, according to CES organizer the Consume
Jan. 4, 2023
-
[Photo News] Heightened connectivity
Employees pose at the exhibition booth for Samsung Electronics at the CES trade show that kicks off Thursday in Las Vegas. The South Korean tech giant plans to unveil futuristic technologies, especially its upgraded smart home platform SmartThings that boasts heightened connectivity among devices, even among different brands.
Jan. 4, 2023
-
[Photo News] Net-zero solutions
An SK Group official introduces future traffic solutions equipped with emissions-reducing technologies to visitors at the conglomerate’s exhibition booth at the CES trade show in Las Vegas, during media events held Tuesday. Eight SK companies, along with their 10 global partners, are showcasing their eco-friendly technologies and products, from advanced batteries to urban air mobility solutions and sustainable foods, during the four-day event.
Jan. 4, 2023
-
LG, Magna boost ties on autonomous driving solutions
LG Electronics said Wednesday it is boosting existing ties with Magna, one of the largest auto parts maker, to develop new solutions for autonomous vehicles. The two companies will seek synergy between LG’s advanced in-car infotainment technology and Magna’s driver assistance systems and other self-driving car solutions. They plan to develop a prototype for the upcoming solutions and carry out a feasibility test together. The two companies will participate in this week's CES tra
Jan. 4, 2023
-
Lotte Biologics completes acqusition of BMS drug plant
Lotte Group has completed a $160 million acquisition of US drug firm Bristol Myers Squibb, the group’s drug manufacturing unit Lotte Biologics said Tuesday. With the latest deal, the country's fifth-largest retail-chemical conglomerate has made its official debut in the contract manufacturing market, after the group established Lotte Biologics in June last year as its biopharmaceutical subsidiary. Lotte Biologics said the company completed all acquisition processes on Dec. 31 to absor
Jan. 3, 2023
-
[Photo News] From the other side
The first photo of Earth and the moon taken by South Korea’s lunar mission Danuri was unveiled Tuesday. Korea became the seventh country in the world to explore the moon on Dec. 28, as its first homegrown uncrewed space vehicle successfully entered lunar orbit.
Jan. 3, 2023
-
[Photo News] Promoting Busan's Expo bid at CES 2023
A giant banner promoting South Korea’s bid for the 2030 World Expo is hung on the exhibition floor for the 2023 CES in Las Vegas on Monday. South Korea’s refinery-to-battery company SK Innovation, along with other SK companies, said it will promote the southern port city of Busan’s bid to host the World Expo during the world’s largest tech trade show that kicks off Thursday.
Jan. 3, 2023
-
AMAT to acquire stakes in SKC’s glass substrate unit
US chip materials maker Applied Materials (AMAT) will acquire 51 billion won ($39 million) worth of Absolics shares, the chip glass substrate production arm of Korean chemicals company SKC. According to SKC’s regulatory filing on Monday, Absolics will issue new shares to raise 165.9 billion won to expand its production facilities. Of the 130,000 new shares, SKC and AMAT will acquire 90,000 and 40,000 shares, respectively. SKC alone will invest 114.8 billion won to acquire the shares. &ldqu
Jan. 3, 2023
-
[Photo News] Sleep smart
LG Electronics said Monday that it will debut a smart sleep care solution, called brid.zzz, at the CES trade show that kicks off Thurday in Las Vegas. The earbud-shaped device analyzes the user's brain waves and sleeping habits to help improve sleep quality. Its official market debut is expected to come in the first half of this year, the company added.
Jan. 2, 2023
-
Biopharma firms suffer W55tr loss in market cap in 2022
South Korea’s major biopharma companies were hit by a combined loss of 55 trillion won ($43.5 billion) in their market capitalization last year, Korea Exchange data showed Sunday. According to Korea Exchange, the KRX Health Care Index, comprising 83 major biotech and pharmaceutical companies listed on either the benchmark Kospi or tech-heavy Kosdaq, fell 29.2 percent on-year to 2,634.49 points as of Thursday, from 3,721.17 on Dec. 30, 2021. The combined market capitalization of the 83 list
Jan. 1, 2023
-
Samsung Bioepis speeding up interchangeability study of Humira biosimilar
Samsung Bioepis has brought forward its interchangeability study of Hadlima to speed up its processes for obtaining interchangeability designation in the US market, according to industry sources on Sunday. Hadlima is Samsung Bioepis' biosimilar referencing AbbVie’s blockbuster drug Humira, used to treat rheumatoid arthritis, Crohn's disease, ulcerative colitis and other conditions. Samsung Bioepis previously planned to complete its study needed to establish the interchangeability
Jan. 1, 2023
-
Tech firms to highlight cutting-edge technology at CES
South Korean companies are gearing up to showcase their latest future technology at the upcoming CES 2023 -- the world’s largest tech convention -- slated to be held from Jan. 5 to Jan. 9 in Las Vegas. According to CES organizer, Consumer Technology Association, this year’s event will feature over 3,100 exhibitors from 173 countries and regions around the world. The CTA expects the four-day event to draw over 100,000 visitors. After years of pandemic disruptions, this year’s
Jan. 1, 2023
-
Typing without keyboard becomes reality
A group of researchers led by South Korean scientists have developed the world’s first meta-learning electric skin technology that enables typing without a keyboard, the Ministry of Science and ICT said Wednesday. The research team of Jo Sung-ho, a computing professor at Korea Advanced Institute of Science and Technology, Ko Seung-hwan, a mechanical engineering professor at Seoul National University and Zhenan Bao, a chemical engineering professor at Stanford, came up with a “spray-o
Dec. 29, 2022
-
[Photo News] Convertible Laptop
Samsung Electronics on Wednesday unveiled its Galaxy Book2 Pro 360, a 2-in-1 laptop with a 360-degree hinge that flips from PC to tablet in a snap, while offering a touch screen and S Pen. The product is equipped with the Qualcomm Snapdragon 8cx Gen 3 processor. It rolls out on Jan. 16.
Dec. 28, 2022
-
Samsung CEOs hold rare meeting amid recession woes next year
South Korea’s largest conglomerate Samsung Group recently held a rare gathering of CEOs of all affiliates in an apparent move to ramp up preparedness for a global economic downturn next year coupled with falling chip prices, unfavorable currency rates and further rate hikes, according to industry sources on Wednesday. The high-level meeting was convened at the Samsung Electronics Leadership Center in Yongin, Gyeonggi Province on Monday, according to industry sources who wished to remain
Dec. 28, 2022
-
[Newsmaker] Danuri successfully enters lunar orbit
South Korea’s first lunar mission Danuri has successfully entered lunar orbit, the Ministry of Science and ICT and the Korea Aerospace Research Institute said Wednesday. With Danuri’s successful entrance into lunar orbit, South Korea has become the seventh country in the world to have capability to explore the moon. Danuri, also known as the Korea Pathfinder Lunar Orbiter, began circling around the moon at the targeted orbit altitude of some 100 kilometers above the lunar surface on
Dec. 28, 2022
-
[Photo News] Futuristic cockpit
LG Display said Wednesday it will showcase a futuristic digital cockpit using plastic-based organic light-emitting diode panels at the upcoming CES trade show in Las Vegas next month. Themed around “Advanced Mobility Lifestyle,” the display maker plans to set up an exhibition booth exclusively for automotive clients, including carmakers and parts makers. (LG Display)
Dec. 28, 2022
-
LG to debut ThinQ UP upgradable appliances in US
LG Electronics said Tuesday it is launching its “upgradable” home appliance brand LG ThinQ UP in overseas markets, starting with the US. Debuted as UP Appliance in Korea in January, the brand allows customers to add new features to their existing LG appliances through software updates. Currently, the product lineup consists of 24 different appliances, including washing machines, refrigerators, dryers and dishwashers. As of December, over 120 upgrades are available in Korea. Largely b
Dec. 28, 2022
-
Genshin Impact-themed Samsung foldable phones sell out in 14 minutes
Genshin Impact, an open-world action role-playing game, or RPG, has demonstrated its popularity once again as the game-inspired Samsung Electronics foldable smartphones and earbuds sold out shortly after they went on sale last week. According to Chinese game and animation studio HoYoverse, the 100 units of the Genshin Impact edition of the Galaxy Z Fold 4 and the 200 units of the game-themed Buds 2 Pro earbuds were all gone only 14 minutes after they became available for purchase on Samsung'
Dec. 28, 2022