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[INTERVIEW] BIOCND bets on Lucentis biosimilar, botulinum toxin
[THE INVESTOR] Korean biotech firm BIOCND is pinning hopes on its early-stage copy of Lucentis, the best-selling eye therapy from Novartis, as prospects for biosimilars are upbeat. “Our Lucentis biosimilar, BCD 300, has high potential for commercialization, as it faces less competition,” said Song Dong-ho, CEO of BIOCND in an interview with The Investor on July 19. BIOCND CEO Song Dong-ho“Global companies are increasingly showing interest, as it’s the world’s third Lucentis biosimilar that has
This week's DECODED X
[THE INVESTOR] The July 20 issue of The Investor's blockbluster newsletter DECODED X is out. Check out some of the highlights. AND THE BOAT GOES TO THE MOUNTAINS…There’s a saying, kind of, that Korea is a country where everyone is a political expert. Young and old, people have a view on every piece of political news, and everyone likes to share their opinions.In fact, everyone is an opinion leader when it comes to politics. I’m sure the same can be said for other countries as well, but it does
Samsung sends out invites for Galaxy Note 8 Unpacked
[THE INVESSTOR] Samsung Electronics said on July 21 that it will hold its next Unpacked event for unveiling the next-generation Galaxy Note 8 at New York’s Park Avenue Armory on Aug. 23.In the invitations sent out to the press, the tech company depicted what appears to be the outline of the Note 8 and a stylus, along with the slogan, “Do bigger things.”The Galaxy Note 8 is expected to feature edge-to-edge display measuring up to 6.3 inches, a dual-lens rear-facing camera, and a 3,300 mAh battery
SKT develops world’s smallest quantum chip
[THE INVESTOR] SK Telecom said on July 23 it has developed the world’s smallest chip to generate random number utilizing its quantum technology, which can significantly raise the security level of connected devices and vehicles. “We have developed a prototype of Quantum Random Number Generator, which is small enough to be used for diverse electronics devices including self-driving cars, smartphones and drones to prevent them from being hacked,” a SK Telecom spokesperson said. Quantum, which is
All you need to know about Samsung's Galaxy Note 8
[THE INVESTOR] Editor’s note: Samsung Electronics’ upcoming Galaxy Note 8 will likely be a critical test bed for the tech giant, which is struggling to restore the faith of consumers after the shameful recall of Note 7 in 2016.On July 14, Samsung mobile division chief Koh Dong-jin confirmed that the Note 8 would be unveiled in late-August, and hit shelves in September in many countries including the US, UK and Korea. The Investor sifted through some of the more reliable sources to check what cus
Mercedes-Benz to haul diesel cars off Korean roads
[THE INVESTOR] Mercedes-Benz Korea has decided to take diesel cars off the roads here after its German headquarters’ latest decision to recall over 3 million cars across Europe.“We decided to offer the same service for vehicles in Korea,” Mercedes-Benz Korea said in a statement on July 21. “The service will be extended to around 100,000 units that do not include the new E-Class, free of charge.”The company stressed the voluntary recall is a preemptive step for promoting confidence in diesel tech
Stratio’s device identifies fake pills using ‘spectral fingerprint’
[THE INVESTOR] For most people, recognizing the slightest differences between objects that look similar is difficult. This is especially true for pills, which can easily look the same, even to professional pharmacists. Targeting this problem, one tech startup in South Korea has set out to introduce a new portable device that can identify pills, as well as other substances, based on the unique but consistent way different materials react to light. Stratio was founded in January 2013 by four Stanf
Coupang wins lawsuit on Rocket Delivery
[THE INVESTOR] Local logistic firms on July 19 lost a civil suit against Korea’s leading e-commerce company Coupang for violating the Transport Service Act by operating its Rocket Delivery service without license. “The Seoul Central District Court’s ruling reaffirmed our stance that we can’t be classified as a transport business. We will continue to improve our Rocket Delivery service for customers,” a Coupang spokesperson told The Investor. Ten logistic firms belonging to the Korea Integrated L
Samsung launches English version of Bixby in US, Korea
[THE INVESTOR] Samsung Electronics announced on July 19 that it has launched the English version of its artificial intelligence service Bixby for Galaxy S8 and S8 Plus in US and Korea. Bixby’s English version can be used to activate more than 10 applications on its smartphone, including the camera, internet and calculator. Bixby is also programmed to answer not only knowledge-based questions, but also abstract questions in collaboration with Google search engine system.“We want to offer a truly
Samsung to produce chips for Apple’s new iPhone next year
[THE INVESTOR] Samsung Electronics will produce chips again for Apple’s new iPhone next year -- a crucial deal coming after the Korean tech giant lost iPhone orders to its Taiwanese foundry rival TSMC in 2013. According to news reports on July 18, Samsung recently purchased extreme ultra violet lithography machines, the most advanced chip manufacturing equipment, to produce seven-nanometer mobile processors solely for iPhone.Sources say Kwon Oh-hyun, one of Samsung’s three co-CEOs who oversees c
UberEats’ debut in Korea imminent
[THE INVESTOR] US ride-hailing service provider Uber is gearing up to launch its restaurant delivery app UberEats in Korea soon as it eyes to take a slice of the country’s food delivery market. Industry sources expect the service will go live as early as August, as its operator Uber Korea is speeding up partnerships with premium restaurants in Seoul. Popular restaurants located in Garosu-gil and Itaewon are on board, as well as up-and-coming and less-known outlets. “We haven‘t decided on the exa
Samsung Galaxy S9 to retain screen size of S8
[THE IVESTOR] Samsung Electronics' upcoming flagship smartphone Galaxy S9 is expected to use the same size and shape of the display screen as S8, The Bell reported on July 18. Citing unnamed industry sources, the report said Samsung has recently informed Samsung Display, its display-making unit, of the S9’s display specifications. The S9 will have a 5.77-inch display screen, while the bigger S9 Plus will come with a 6.22-inch screen. The same size as the S8 lineup launched in April. The so-calle
Hyundai Motor invests W300b to upgrade factory
[THE INVESTOR] Hyundai Motor, South Korea’s largest automaker, will invest 300 billion won (US$$270 million) through Sept. 17 to upgrade its second factory in Ulsan, the company said on July 23. This is the second major reconstruction this year, following the rebuilding of the first factory in Ulsan last February for which Hyundai spent 220 billion won, the company said. Seeking to expand productivity, all stages of production, including assembling car body and painting, will undergo resetting,
[EQUITIES] ‘YG Entertainment to post record earnings in Q1’
[EQUITIES] ‘YG Entertainment to recover in H2’
Coway teams up with Amazon for hi-tech water purifier
Chinese envoy urges restoration of trust over THAAD retaliation
M&A deals hit US$26b on restructuring wave
‘US wants improvement of FTA, not renegotiation’
Abu Dhabi SWF invests in Nexen Tire
Ildong Pharma invests US$3m in Antriabio
Genesis G90 wins luxury car award in US
ChongKunDang chairman faces flak for staff abuse
Medytox CEO to meet Allergan to discuss start of phase 3 trials of Innotox
Samsung replaces N. America, Europe chiefs
Samsung heir skips Allen & Co. conference
