Most Popular
-
1
Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
-
2
Yoon urges municipalities to embrace foreigners
-
3
What is happening at Hybe?
-
4
S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
-
5
Korea unveils tax reform bill to spur economy
-
6
Actor’s excessive airport security sparks probe into human rights violations
-
7
Actor Yoo Ah-in accused of sexual attack
-
8
Man who let his father die due to financial difficulties to be released on parole
-
9
S. Korea, China shifting from tensions to cooperation: Seoul
-
10
LG Electronics achieves record earnings in Q2
-
SK, TSMC chiefs agree to boost collaboration on AI chips
SK Chairman Chey Tae-won and TSMC Chairman C.C. Wei agreed to boost collaboration on the development of advanced artificial intelligence chips, including the High Bandwidth Memory chips high in demand, on Thursday. Chey traveled to Taiwan to meet with Wei and other IT leaders in the country, as part of the effort to strengthen SK's network and gain a competitive edge in the burgeoning global AI market. “Together, let’s open the door to the era of artificial intelligence that ben
June 7, 2024
-
[Bio USA] SK Biopharmaceuticals seeks to expand R&D with surging Xcopri sales
SAN DIEGO -- SK Biopharmaceuticals CEO Lee Dong-hoon expressed increased confidence in solidifying the company's reputation as an "anti-epilepsy treatment franchise," following a surplus in the first quarter of this year, driven by the strong performance of Xcopri, launched in the United States in 2020. "Sales of Xcopri are currently driving our revenue, but our long-term goal is to succeed through our own research and development pipeline," Lee said during press confere
June 7, 2024
-
Unionized workers of Samsung Electronics set to stage walkout over wages
Unionized workers of Samsung Electronics Co. were set to launch a one-day walkout over wages on Friday, a union official said, in what would be the first walkout at the technology giant. About 28,000 members of the National Samsung Electronics Union were set to collectively take the day off, but some analysts expected the labor action to have no major impact on production. The NSEU said it will not disclose the number of workers joining the walkout, saying the decision should be made voluntarily
June 7, 2024
-
K-water to cooperate with African nations on water infrastructure
Korea Water Resources Corp. said Thursday that the state-run agency and African leaders held talks to increase their cooperation on water management technology. Several leaders of African countries, who were visiting South Korea for the inaugural Korea-Africa Summit in Seoul, gathered at K-water’s artificial intelligence-powered water treatment facility in Hwaseong, Gyeonggi Province, Wednesday, according to the water agency. Attendees included Central African Republic President Faustin-Ar
June 6, 2024
-
Korean cosmetics stocks soar on FDA-approved sunscreen
Shares of Korean cosmetics firms that produce sunscreen products and materials approved by the United States health regulator soared in May, coupled with returning investor sentiment in the K-beauty industry, according to industry sources, Thursday. "Recently, there were dramatic increases in the stock prices of Korean cosmetic firms that make sun protection products with US Food and Drug Administration approvals, as the US government is expected to soon impose stricter rules on sunscreen p
June 6, 2024
-
Shinsegae, CJ forge all-round partnership to beat retail rivals
South Korea’s retail giants Shinsegae Group and CJ Group have agreed to cooperate on logistics and retail businesses to compete with domestic and overseas rivals. The two retail giants signed a memorandum of understanding Wednesday for their partnership centering on the Shinsegae Group e-commerce platform’s utilization of CJ Group’s nationwide logistics network. According to their announcement, CJ Logistics will be in charge of deliveries of goods sold on Shinsegae Group’
June 6, 2024
-
Samsung, Verizon chiefs join hands to promote Galaxy series
Samsung Electronics Chairman Lee Jae-yong took off for the US on a trip tightly packed with business meetings with tech leaders and government officials there, with the goal of strengthening existing partnerships for the company's future development, the tech giant said on Thursday. Lee will participate in some 30 meetings scheduled "minute by minute" with heads of major technology firms, and lawmakers and government officials across the US until mid-June, Samsung said. The places
June 6, 2024
-
[Bio USA] Samsung Biologics CEO confident in luring Big Pharma clients
Korea Herald correspondent SAN DIEGO -- With Samsung Biologics securing as clients 16 of the top 20 global pharmaceutical companies based on market capitalization, up from 14 last year, its CEO John Rim expressed confidence in the company's continued expansion in the coming years. The CEO announced Wednesday during a press conference at the Bio International Convention in San Diego that their clients' orders have more than doubled this year. While industry sources suggest that this has
June 6, 2024
-
LG Electronics introduces AlphaWare at US auto tech show
LG Electronics introduced AlphaWare, its suite of software solutions for software-defined vehicles, at AutoTech: Detroit 2024, revamping its commitment to expanding business in the automotive market. According to the tech giant on Thursday, it joined the global automotive tech show for the first time to share its insights on software-defined vehicles and discuss the challenges and future prospects. During LG’s presentation dubbed, "Beyond the Road: Navigating the SDV Transition,"
June 6, 2024
-
Hana Financial launches 18th Smart Ambassador cohort
Hana Financial Group has launched a team of honorary ambassadors composed of college students to promote the financial conglomerate, the firm announced Thursday. The 50 student representatives belong to the 18th team of the Smart Ambassador program. A total of 963 college students have participated in the program since it was launched in 2012. This year, one in 13 applicants was selected for the program. The team will promote the banking group's brand for three months until the end of Augus
June 6, 2024
-
Dried seaweed prices rise sharply in May
The price of dried seaweed in South Korea increased by 17.8 percent in May compared to the same period last year amid surging demand from overseas markets, according to Korea Statistics on Thursday. This rise surpasses both the average increase in seafood prices, which was 0.1 percent, and the overall consumer price increase of 2.7 percent during the same period. The rate of increase in seaweed prices has been steadily rising, from 1.2 percent in January to 3.1 percent in February, 6.6 percent i
June 6, 2024
-
S. Korea, US, Japan discuss supply chains, emerging technologies at economic security dialogue
South Korea, the United States and Japan held an economic security dialogue in San Diego on Thursday to discuss cooperation on supply chains and emerging technologies, the presidential office said. The fourth session of the dialogue was attended by Wang Yun-jong, presidential secretary for economic security; Tarun Chhabra, senior director for technology and national security on the White House National Security Council; and their counterpart from the Japanese prime minister's office, Yasuo
June 6, 2024
-
S. Korea, US, Japan, India, EU launch Biopharmaceutical Alliance
An alliance involving South Korea, the United States, Japan, India and the European Union has been launched to put joint efforts to build a resilient supply chain in the biopharmaceutical sector, the presidential office said Thursday. The inaugural meeting of the Biopharmaceutical Alliance was held in San Diego during the Bio International Convention 2024, the world's largest biopharmaceutical exhibition. Government officials and representatives from bio and pharmaceutical companies from th
June 6, 2024
-
Samsung Fire & Marine convenes global insurance conference in Incheon
Samsung Fire & Marine Insurance, the nation's leading non-life insurer, gathered insurance experts from inside and outside the country to share insights about the industry and Korea's insurance landscape at the Korea International Insurance Conference. The inaugural event, held Tuesday and Wednesday at the Mohegan Inspire Resort in Yeongjongdo, Incheon, marked the first global insurance conference in Korea, according to the Samsung Group subsidiary. "With the insurance industr
June 6, 2024
-
[Bio USA] Yoon’s security aide spotted at Bio USA
By Kim Hae-yeon Korea Herald correspondent SAN DIEGO -- President Yoon Suk Yeol’s security aide was spotted on Tuesday at Bio USA, the biotech industry’s largest gathering being held in San Diego, immediately prompting media scrutiny about the purpose of the rare visit. Wang Yun-jong, the third deputy director of the presidential National Security Office, stayed at the site for about 30 minutes. He was accompanied by Choi Sun, a presidential secretary for biotech policy, and other
June 5, 2024
-
Celltrion’s Vegzelma gobbles up 12% market share in Japan
South Korea’s leading biosimilar company Celltrion said Wednesday that its Vegzelma, a bevacizumab biosimilar referencing Roche's anticancer drug Avastin, has secured 12 percent share in the Japanese market. Since its launch in January last year, Vegzelma has seen fast growth despite the biosimilar being the latest launched among four bevacizumab biosimilar products in Japan. Celltrion said it was able to ramp up sales of Vegzelma by cooperating with Japanese distribution partners.
June 5, 2024
-
Act-Geo founder arrives in Seoul to explain oil find
Following the recent announcement that South Korea may have discovered up to 14 billion barrels of oil and gas reserves off its southeastern coast, Vitor Abreu, the owner of Act-Geo, the firm responsible for the discovery, arrived in Seoul on Wednesday to elaborate on these findings. Abreu landed at Incheon Airport earlier in the day to meet with government and industry officials. According to industry sources, he is to hold a press conference in Sejong City on Friday to address questions regard
June 5, 2024
-
Doosan Bobcat to produce mini excavators in India
South Korean construction equipment maker Doosan Bobcat said Wednesday that it has recently completed the expansion of its production lines for mini excavators in Chennai, India. After nine months of construction, the 11,300-square-meter manufacturing facility has been added to the Chennai plant that was built in 2019. With plans for equipment installation and operational stabilization, the production lines are expected to become fully operational next year. Currently, the plant’s key prod
June 5, 2024
-
Undervalued no more: Jusung Engineering to spin off chip business
Jusung Engineering, the first-generation chipmaking equipment firm in Korea, has decided to spin off its lucrative semiconductor equipment business into a new entity with hopes of elevating its undervalued market cap. Noting how the company has been suffering from undervaluation, Hwang Chul-ju, the founder and chairman, said the latest decision will boost the value of its chip business, the No. 1 at home. “The company is just way too undervalued when it has proprietary technologies used in
June 5, 2024
-
[Bio USA] Cha Biotech's Matica Bio sets sights on CGT market growth
SAN DIEGO -- Matica Biotechnology, the US subsidiary of CHA Biotech, which operates CHA University's medical centers in South Korea and internationally, has announced endeavors for significant expansion of its cell and gene therapy (CGT) CDMO orders in particular, setting itself apart from most antibody production-based CDMOs in Korea. At the firm's press conference during the Bio International Convention held in San Diego on Tuesday, Matica Bio CEO Paul Kim emphasized the anticipated
June 5, 2024