LegoChem Biosciences, a South Korean drug company, announced on Friday that the company signed a technology transfer agreement with US multinational biopharmaceutical company Amgen to transfer antibody-drug conjugate technology. The contract could potentially be worth 1.6 trillion won ($1.2 billion), the Korean firm stated in a public disclosure. ADC is a medicine that can deliver highly potent...

Samsung Bioepis and Chong Kun Dang are expected to launch their biosimilar versions of Lucentis, an age-related macular degeneration, or AMD, medicine sold by Novartis and Roche, according to industry sources as reported in local media on Thursday. AMD is an eye disease that can blur a patient's central vision. In terms of sales, the local market for AMD medicines is estimated to reach around 32...

LG Electronics introduces "viva magenta," the color selected by Pantone as the color of 2023, for its chameleon four-door fridge MoodUp in the high-end Objet Collection. The tech giant added the new color to the self-illuminating doors of MoodUP, which uses light-emitting diodes. With the addition, the model is able to light up in 23 colors, according to the company.

South Korean auto parts maker Hyundai Mobis said Wednesday it has teamed up with Israeli teleoperations startup Ottopia to develop remote mobility assistance solutions for autonomous vehicles. The RMA solution is a technology that allows mobility companies to remotely control the movements and routes of uncrewed vehicles. The technology is especially effective in responding to emergency situatio...

SAN FRANCISCO -- Twitter suspended Thursday accounts of more than a half-dozen journalists who had been writing about the company and its new owner Elon Musk. Silencing journalists at Twitter while claiming to be a free speech champion is the latest controversy provoked by Musk since he took over the company, which has seen staffing gutted and advertisers exit. Some of the journalists had been ...

Huawei Technologies Korea will continuously stay committed to working with its partners to develop green and low-carbon technologies to attain carbon neutral goals, its top executive said Thursday. “We promise to cooperate with South Korean partners to build a better green digital life in the following year,” Sun Luyuan, the chief executive officer of the Chinese tech giant's Korean unit said in...

Upcoming biannual meeting to be first of its kind after Lee Jae-yong’s promotion to chairman

South Korean tech giant willing to spend big in attracting local tech talent

LG PuriCare Mask, featuring AI, speaker and fan, becomes first electronic mask to get approved in Korea

W400b of annual investment to be injected into new tech

IT behemoth keeps mum on compensation plan for individual victims

LG Innotek said Wednesday it has successfully developed new types of high-performance hybrid lenses for autonomous driving that have reduced size and thickness while increasing price competitiveness compared to existing products in the market. Camera lenses are a key component of autonomous driving solutions as they help detect the driver’s movements, according to the company. LG Innotek has sh...

Smilegate Foundation, the charity arm of South Korean gaming giant Smilegate, said Wednesday it has opened two new community learning centers on Nov. 28, to support literacy education for women and children in Bhutan. According to the foundation, the centers, which were built together with UNESCO and Bhutan’s Education Ministry, seek to provide women and children in remote areas with access to e...

Samsung Electronics said Tuesday that the company will collaborate with local internet giant Naver to develop next-generation semiconductor solutions for advanced artificial intelligence systems. The two companies will develop chip solutions that have greater capacity to process large-sized data, which existing computing systems have difficulties in dealing with, the firm said. The duo seeks to...

The Ministry of Science and ICT on Tuesday released the results of its investigation into the nation's worst-ever server shutdown in October, calling for all stakeholders -- SK C&C, Kakao and Naver -- to come up with emergency response system. On Oct. 15, a fire broke out in the battery room on the third basement floor of the SK C&C Pangyo Data Center at Pangyo, Gyeonggi Province. The fire at t...