Babylon sings eternal beauty of classics, originals in ‘Ego 90’s’

From Lee Hyo-ri to Park Jin-young and Uhm Jung-hwa, throwback album features a string of veteran musicians

Due diligence on partners crucial for Korean biotech out-license deals

Korean biotechnology firms hoping to ink successful deals with foreign pharmaceutical companies must fully comprehend their potential partners’ A to Z’s, a legal expert in out-license deals said. “(Global big pharmas) want something that’s going to be successful and hopefully innovative, and both help patients and provide care, but also be valuable and create profit for the company,” Joshua Hofheimer, a partner and co-head of Global Life Sciences industry group at

Boosting cooperation in energy, food security, technology vital to Argentina-Korea ties

South Korea and Argentina have great potential for partnership in a range of fields, including green energy, food security, and science and technology, says Argentina’s deputy foreign minister Pablo Anselmo Tettamanti. In his official visit to Seoul from July 27-29, the deputy foreign minister attended the 8th high-level political consultations meeting with Korean counterparts -- a diplomatic mechanism aimed at consolidating bilateral and multilateral cooperation between Argentina and Kor

Min-jin Lee hopes to make all readers Korean

Author of “Pachinko” discusses a long journey and intention behind her Korean diaspora novels

South Korea pardons chaebols for ‘COVID-19’s economic fallout’

Chaebol bosses -- most notably of Samsung and Lotte -- are being given special presidential pardons and being bailed out of jail in light of the economic crisis triggered by the pandemic. The first round of special pardons by the Yoon Suk-yeol administration was issued in consideration of the “economic fallout from COVID-19 and stagnant recovery, as well as inflation that is associated with the hardships of many South Korean households,” according to the Ministry of Justice on Frid

Korea raises alarm for supply shortage in farm products

SEJONG -- Economic policymakers are poised to take countermeasures against possible issues in the supply of agricultural and livestock products and further price climbs in the wake of the recent heavy rainfall. At a vice-ministerial meeting in Seoul on Friday, First Vice Minister of Economy and Finance Bang Ki-sun pledged to take any necessary action, saying that “there are worries over a possible instability in the supply of agricultural and livestock products.” He also said the g

Samsung Biologics signs tentative CMO deal with AstraZeneca worth $350m

Samsung Biologics has tentatively signed a deal worth 457 billion won ($350 million) with AstraZeneca on contract manufacturing, the company said in a regulatory filing Friday. The two sides reached the agreement in May last year, but was unveiling it this time as they were renewing the contract to include “increases in demand” from AstraZeneca. The renewed deal accounts for 29 percent of Samsung Biologics’ total sales in 2021, which was approximately 1.5 trillion won. The

Past, present, future of S. Korea’s first homegrown KF-21 fighter jet

Jung Kwang-sun, first project leader, explains how S. Korea developed KF-21 aircraft from scratch

Samsung suffers heavier taxes, hiring costs than TSMC: think tank

The heavier burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-based TSMC amid intensifying semiconductor competition worldwide, according to a local think tank Wednesday. Korea has set the maximum rate of corporate tax at 25 percent -- imposed on taxable income of large business entities like Samsung -- as a result of a tax hike by 3 percentage poin

[Newsmaker] Samsung foldables to get chipset upgrade

Preorders of Z Flip 4, Z Fold 4 to start Tuesday with official launch set for Aug. 26

[MARKET EYE] Insurers brace for bumper bill on growing reports of flooded cars

Estimated damage totaling W97.7b on nearly 8,000 submerged cars drags insurers’ stock prices down

70m Pokemon bread sales provide record Q2 revenue for SPC Samlip

South Korean confectionery company SPC Samlip said Wednesday that it had posted an all-time high sales record of over 800 billion won ($611.4 million) in the second quarter, driven by the popularity of its Pokemon Bread, of which the company sold 70 million packs for the last six months. The company’s second-quarter sales surged on-year by 14 percent to 814.9 billion won, while its net profit skyrocketed by 61.5 percent to 23.5 billion won in the cited period. Key growth drivers were its