Articles by Kan Hyeong-woo
Kan Hyeong-woo
hwkan@heraldcorp.com-
Samsung Biologics inks $81m deal with Novartis
Samsung Biologics has signed an intent letter for a contract manufacturing organization deal worth $81 million with multinational pharmaceutical firm Norvatis Pharma, the South Korean company announced Tuesday. According to the contract manufacturing giant’s regulatory filing, the two sides on Friday signed the initial contract, which is equivalent to 6.41 percent of the company’s annual sales of 1.57 trillion won ($1.25 billion) last year. It did not reveal which of Novartis&rsquo
Industry June 7, 2022
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[From the Scene] 'Danuri' all set for Korea's first moon exploration
DAEJEON -- South Korea is gearing up to become the seventh nation in the world to carry out a lunar probe mission with its first lunar orbiter set for an Aug. 2 launch. The country's first lunar mission, which has been named "Danuri" through a nationwide naming contest, has completed the final stages of space tests including durability checkups against extreme temperatures and electromagnetic waves at the Korea Aerospace Research Institute. It is waiting to be transported to its laun
Technology June 6, 2022
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Lee Jae-yong shows up at Ho-Am Award in 6 years
Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday showed up to participate in the Samsung Ho-Am Prize award ceremony for the first time in six years, but stayed mum on questions about his meeting with Intel’s CEO from the previous day. A group of reporters asked him about investment plans on his way to the ceremony, but Samsung group‘s de facto leader did not answer any questions. Named after the penname of Samsung group’s late founder Lee Byung-chull, the Samsung Ho-
Social Affairs May 31, 2022
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Kakao to implement 'metaverse work'
All Kakao employees will be required to work remotely for at least four days a week from July as part of a new "metaverse work" system, the IT giant said Monday. During the testing period of the new working system, which will begin from July 1, employees are to work from outside the office for four days a week. For the remaining day, employees will have to meet offline but the meeting does not have to take place at the company office, a Kakao official said. All work-related items wil
Technology May 30, 2022
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Korea to double chip talents
South Korea will double the number of professional semiconductor talents by implementing chip-company-licensed departments and strengthening graduate programs at major science institutes across the country, the Ministry of Science and ICT said Monday. Science Minister Lee Jong-ho met with industry leaders including chiefs of Samsung Electronics and SK hynix as well as presidents of four major science institutes -- KAIST, GIST, DGIST and UNIST -- to discuss ways to cooperate for nurturing semic
Industry May 30, 2022
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[Newsmaker] Kakao's Kim Beom-su steps down from last chairman position
Kakao founder Kim Beom-su has stepped down as chairman at the Brian Impact foundation he established last year for philanthropic projects, the nonprofit said Friday. With the announcement, Kim has resigned from all chairman posts including his resignation as Kakao chairman of the board in March. Kim will keep his position as the head of the Kakao Future Initiative Center. The founder and former CEO of the South Korean IT giant will remain as a registered director on the board and continue to t
Technology May 27, 2022
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Hancom launches Korea’s 1st private satellite
Hancom Group, South Korea's leading office software developer, has launched the country's first private Earth observation satellite into orbit, the company said Thursday. According to the firm, the satellite named Sejong-1 was carried on a Falcon 9 rocket developed by US firm SpaceX. The rocket blasted off from the Kennedy Space Center in Cape Canaveral, Florida at 2:35 p.m. on Wednesday. A Hancom official confirmed that the satellite entered its targeted orbit and successfully made communic
Technology May 26, 2022
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Homegrown Nuri rocket set for 2nd launch on June 15
The second launch of South Korea’s homegrown Nuri rocket will take place on June 15, about eight months after its first blastoff failed to complete its mission in October last year, the Ministry of Science and ICT said Wednesday. The launch control committee, composed of officials at the Science Ministry and the Korea Aerospace Research Institute, left a window of backup launch dates open from June 16 to 23 in case of bad weather or other issues that could hinder the planned blastoff.
Technology May 25, 2022
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Google's in-app payment policy leads to content price hikes
With Google poised to begin removing applications that disobey its mandatory in-app payment policy from June 2, South Korean content providers are raising consumer charges as the global IT giant's billing rules require hefty fee rates. Google's in-app payment system means that consumers must use the internal payment system developed by the app market operator, also Google, when purchasing paid content from apps in Google's Play Store. For app developers using Google's in-app billing system,
Technology May 24, 2022
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Korea's first lunar mission named 'Danuri'
South Korea's first lunar probe mission, formally known as the Korea Pathfinder Lunar Orbiter, has been named "Danuri," the Ministry of Science and ICT said Monday. Danuri is a combination of the two Korean words "dal" and "nuri," meaning moon and enjoy, respectively. According to the ministry, the name expresses a desire for the country's first moon mission to be successful, and for the probe to enjoy everything that the moon has to offer. Between Jan. 26 and F
Technology May 23, 2022
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[Newsmaker] Number of metaverse users hits lowest point after social distancing rules lifted
The number of metaverse users across major virtual world platforms in South Korea has dropped sharply since social distancing measures were lifted, a report showed Sunday. According to big data analysis firm Mobile Index, the number of Roblox’ weekly active users recorded 773,678 during the period between May 9 and 15, a nearly 18 percent drop from the previous weekly figure. It was the lowest number recorded since the last week of June 2021. During the same period, the amount of time s
Social Affairs May 22, 2022
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Hana Financial Group aims to expand support for youth startups
Hana Financial Group is expanding its project to help youth startups nationwide, as it has signed the first regional partnership with the Korea National University of Cultural Heritage, the group said Sunday. According to the group, the two sides signed a memorandum of understanding at the KNUCH in Buyeo, South Chungcheong Province on Friday. They agreed to provide support for startup ideas related to traditional culture, co-create educational content and offer hands-on experiences for local c
Social Affairs May 22, 2022
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Hyundai Steel joins hands with KIER for advancing carbon neutral tech
Hyundai Steel has signed a memorandum of understanding with the Korea Institute of Energy Research to push for comprehensive cooperation on technologies in the energy and environment sectors with the goal of leading the steel industry’s movement towards carbon neutrality. According to the South Korean steelmaker, Hyundai Steel CEO Ahn Dong-il and KIER President Kim Jong-nam attended the MOU ceremony held at the KIER in Daejeon on Friday. The two sides agreed to work together to develop
Industry May 22, 2022
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[Herald Interview] ‘Korea can be Silicon Valley for blockchain’
As South Korea looks ahead into the next five years under the new Yoon Suk-yeol administration, the fourth-largest economy in Asia finds itself at a critical juncture with the inevitable advent of the second era of the digital age based on blockchain technology. Don Tapscott, a leading thinker on blockchain, said in an interview with The Korea Herald that he believes Korea can be the next Silicon Valley if the country has the right national blockchain strategy and a good regulatory environment.
Technology May 19, 2022
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7 in 10 job seekers willing to work at startup: survey
Over 70 percent of job seekers in South Korea said they were willing to get a position at a startup company, a survey showed Thursday. According to online recruiting platform JobKorea’s survey of 1,063 workers and job seekers, the most-selected reason for expressing a willingness to work at a startup was their growth potential, with 52.9 percent. Respondents could pick more than one reason, and 35 percent said they believed working at a startup would provide many learning opportunities,
Social Affairs May 19, 2022
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