New technology expected to contribute to enhancing efficacy of regenerative medicine

Overpowering decision-making entity key to boosting domestic chip industry, lawmaker says

South Korean chipmaker SK hynix said Tuesday it has completed the acquisition of domestic contract-based chip manufacturer Key Foundry The announcement came nine months after SK hynix signed a 575.8 billion won ($440.3 million) deal in October to acquire the entire stake of the 200-millimeter wafer foundry company based in Cheongju, North Chungcheong Province, from local private equity firms Alc...

LG Chem has applied for phase 3 clinical trials of its gout treatment candidate Tigulixostat with the US Food and Drug Administration, the South Korean company said Monday. If the application gets the go-ahead sign from the FDA, it will mark the first time for LG Chem to carry out phase 3 clinical trials of its self-developed new drug candidate globally including in the US, according to the comp...

Global COVID-19 vaccine market expected to reach $85b in 2022: report

Reentry a tricky decision that would let down its automotive clients, especially Hyundai Motor

South Korean gaming giant Krafton’s popular battle-royale format game Battleground Mobile India, the Indian version of its global smash hit PlayerUnknown’s Battlegrounds, has been slapped with a download ban in India, its Seoul headquarters confirmed Friday. Both Google and Apple removed the gaming app from their respective app stores on Thursday, citing the Indian government’s ban order. “We a...

LG Electronics said Thursday it has teamed up with US audio experts SoundHound to develop an artificial intelligence-based voice system for vehicles with demand growing for both driving convenience and safety. Best known for its music recognition service, Santa Clara, California-based SoundHound supplies voice assistant systems to a slew of automotive, mobile devices, smart home and robotics com...

South Korea’s Ministry of Food and Drug Safety aims to become the first regulatory body recognized by the World Health Organization to hold globally recognized authority for granting domestic permits of new drugs by December, officials said Thursday. Introduced earlier this year, the WHO-Listed Authority, or WLA, is the global organization’s initiative to certify a regulatory body as a globally ...

The highly anticipated launch of Danuri, South Korea’s first lunar mission, has been postponed at least two days, the Ministry of Science and ICT said Thursday. Danuri’s launch, which was planned to take place on Aug. 2 from the Cape Canaveral Space Force Station in Florida on a SpaceX Falcon rocket, has been delayed after SpaceX found that it needed to carry out additional checkups on the space...

Samsung Electronics logged an operating profit of 14.1 trillion won ($10.77 billion) during the second quarter, up 12.2 percent from the previous year despite rising material prices and recession fears that are weakening consumer demands, the company said Thursday. The South Korean tech giant’s quarterly revenue from April to June came to 77.2 trillion won, up 21.3 percent from a year prior, sli...

With new announcement, 2nd-largest Korean conglomerate to invest $52b in total in US by 2030

Global health technology giant launches ‘Wonder of You’ campaign

A woman performs a hydroflying show at Caribbean Bay, Yongin, Gyeonggi Province, Monday.

Dunamu, the operator of one of South Korea’s largest crypto exchanges, has teamed up with the international humanitarian medical non-governmental organization Doctors Without Borders to build a map on its metaverse platform to help the global medical initiative, officials said Monday. Dunamu and Doctors Without Borders, also known as Medecins Sans Frontieres, signed a memorandum to build a partn...