South Korea’s Hyundai Development Company (HDC) announced on April 29 that it would launch the so-called Project H1 this year of developing areas around Kwangwoon University Station in northern Seoul.Specifically, the Seoul-based builder is scheduled to start the work in the latter half of this year
South Korea’s biopharmaceutical powerhouse Celltrion said on March 11 that its U.S. affiliate had submitted a biologics license application for CT-P39 to the U.S. Food and Drug Administration.CT-P39 refers to an interchangeable biosimilar candidate to XOLAIR (omalizumab), an injectable biologic medi
South Korea’s biopharmaceutical behemoth Celltrion announced on March 5 that the company would spend some 75 billion won ($56 million) to buy back its shares.With the funds, the company plans to buy more than 420,000 shares on March 6 on the country’s main bourse in a move to boost its share price.T
South Korea’s cybersecurity giant AhnLab expected on Jan. 3 that cyberattacks and hacker activities between hostile forces would increase across the world this year.On top of that, AhnLab came up with the top five cybersecurity threat predictions for 2024, involving ransomware, malicious Android app
South Korea’s TongYang Life Insurance said on Feb. 22 that its new plan designed to cover all health-related risks had won the hearts and minds of customers.Launched earlier this year, the health policy is designed to cover not only surgery and treatment but also inspection, hospitalization, and nur
South Korea’s Samsung Display announced on Feb. 19 that its foldable OLED panel has been officially verified as a product suitable for U.S. military use for the first time in the world.The subsidiary of tech giant Samsung Electronics said that its 7.6-inch panel has become the world’s first bendable
General Motors (GM) plans to introduce four new models in South Korea this year to maintain its growth potential in a country dominated by homegrown brands Hyundai and Kia.GM Korea chief Hector Villarreal told a press conference on Feb. 2 that the new models would be the Cadillac XT4 and Chevrolet C
South Korea’s leading biopharmaceutical company Celltrion said on Jan. 29 that it had submitted a biologics license application to the U.S. Food and Drug Administration (FDA) for Celltrion, a biosimilar candidate of the reference product Celltrion.The submission was based on data from the global Pha
South Korea’s cybersecurity powerhouse AhnLab announced on Jan. 22 that it would team up with HD Hyundai Marine Solution and Paessler AG to advance the ship’s cybersecurity.Toward that end, the three parties signed a memorandum of understanding. HD Hyundai Marine Solution is a subsidiary of the worl
South Korea’s top-tier biopharmaceutical company Celltrion announced its ambition to become an innovative company focused on new drug development on Jan. 10.The developer of the world’s first monoclonal antibody biosimilar disclosed the strategic goal during the 42nd edition of the Annual J.P. Morga
Foreign investors’ net purchases of South Korea’s Samsung Electronics shares amounted to a record-high $12.9 billion last year, according to the Korea Exchange on Jan. 1.This marks the largest offshore net buying of Samsung Electronics shares since the Korea Exchange started compiling related data i
South Korea’s financial watchdog said on Dec. 25 that it had levied the largest fine on two foreign investment banks for illegal short-selling activities here.The Financial Services Commission (FSC) decided to slap $20 million in fines on affiliates of BNP Paribas in Hong Kong and Korea, as well as
Oriental Brewery (OB) in South Korea announced this October that the spirit maker would raise the price of its beer products by an average of 6.9 percent, citing the rising costs of procuring ingredients.However, the Seoul-based company did not disclose one thing _ early this year, it cut down on th
Two Korean firms dominate the world market in Q3South Korea’s SK hynix fast catches up with business bellwether Samsung Electronics in the memory market, according to London-based business tracker Omdia on Nov. 27.During the July-Sept. period of this year, SK hynix logged sales of $46.34 billion in
The Korea Agro-Fisheries & Food Trade Corp (aT) said Nov. 5 that its CEO Kim Chun-jin had met with National Assembly Speaker Kim Jin-pyo to promote the Global Kimchi Day.After an in-depth discussion at the National Assembly, they agreed to join efforts to encourage the U.S. Congress to pass the Kimc
Member countries will decide host of 2030 event this monthAs Saudi Arabia is most likely to host the 2034 men’s World Cup, concerns surface about the Gulf nation’s controversial human rights record.Australia dropped out on Nov. 1 from the competition for the 2034 World Cup, practically making the on
CEO Im Young-ho takes part in nationwide movementHana Life Insurance CEO Im Young-ho took part in the ‘No Exit’ anti-drug campaign of the country, according to the Seoul-based insurance company on Oct. 31.As a part of efforts to raise public awareness about drug abuse, the National Police Agency and
Tech giant promises to keep supporting customers hereA senior official of German tech giant Merck visited South Korea on Oct. 25 to demonstrate the company’s commitment to massive capital investment here.The official is Executive Vice President Katherine Dei Cas, head of the Delivery Systems & Servi
Hanwha Ocean’s Geogje shipyard inspectedPhilippines Undersecretary of National Defense Irineo Espino visited South Korea to attend the ADEX 2023 exhibition, which will continue through Oct. 22.During his stay on Oct. 20, he explored the facilities of the Korean Navy’s Submarine Force Command and the
Government okays Apple phone for radiation issuesThe South Korean government confirmed on Oct. 20 that the iPhone 12 of Apple had not violated the radiation exposure limits after a month-long reassessment.Beginning last month, Korea’s Ministry of Science and ICT examined the radiation levels of the