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Celltrion has completed its submission of a biologics license application (BLA) to the US Food and Drug Administration for CT-P47, a biosimilar candidate mimicking Roche’s rheumatoid arthritis treatment Actemra (tocilizumab), the company said Monday. The BLA submission was based on results from t...
The South Korean central bank on Thursday said it will start to buy or sell securities with non-banking finance institutions in open markets, expanding the scope of entities subject to its key monetary policy instrument to control the money supply in the economy. With the latest change in the Bank...
China’s imports of Korean goods plunged to the lowest level in three decades last year, amid the escalating Washington-Beijing rivalry and Seoul’s strategic pivot. According to data from the Korea International Trade Association on Sunday, South Korea accounted for 6.3 percent of China’s import...
Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After the global Unpacked event in San Jose, California on Jan. 17, Samsung carried out a presales event...
South Korean oil refiner S-Oil on Friday held an annual New Year’s trekking event with some 120 company staff in Gyeonggi Province and fundraised 30 million won ($22,488) for a social welfare group. S-Oil President and Head of Operations Park Bong-soo, President and Head of Corporate Strategy & S...
The Cha Vaccine Institute, a vaccine development arm of Cha Medical and Bio Group, has developed its own messenger RNA delivery system which does not require frozen storage, the company said Friday. The firm expects that Lipoplex would be a more efficient and stable option than lipid nanoparticles...
Despite the slowdown of electric vehicle sales, LG Energy Solution broke the record in earnings last year, largely driven by a boost in sales in the all-important US market. In its earnings report released Friday, the battery maker said its annual revenue surged by 31.8 percent to 33.7 trillion wo...
Orion, a South Korean confectionery manufacturer, said Friday that it has teamed up with Vietnam National University of Agriculture in a bid to secure quality raw materials for its snack production in Vietnam. Orion Food Vina, the confectioner’s Vietnamese unit, and the Institute of Argo-Biology ...
Hyundai Mobis, an auto parts manufacturing unit under Hyundai Motor Group, said Friday its revenue surged over 14 percent last year to nearly 60 trillion won ($44.9 billion). The company posted an annual revenue of 59.25 trillion won in 2023, breaking the record of 51.9 trillion won it set the yea...
The National Agricultural Cooperative Federation on Thursday elected Kang Ho-dong as the 25th NongHyup chairman, marking the first time in 17 years for the cooperative to have a directly elected chairman at its helm. The federation, South Korea's biggest agricultural cooperative comprised of 2 mil...
Lotte Duty Free said Friday that it signed a memorandum of understanding with the South Korean travel agency Modetour on Thursday to strengthen joint marketing efforts toward Korean tourists to Vietnam. Under the agreement, Lotte Duty Free and Modetour will work together to develop new product pac...
Korean biotech firm Genexine announced Friday that the company has submitted a biologics license application to the country's Ministry of Food and Drug Safety for the company’s anemia treatment Efesa. Efesa is intended for the treatment and maintenance of anemia induced by chronic kidney disease ...
Sam Altman, the chief executive officer of OpenAI, visited Seoul last week to hold a series of meetings with top executives of Samsung Electronics and SK hynix, the world’s top two memory chipmakers, fueling speculation that the “father of ChatGPT” is in search of allies to take on Nvidia, the u...
SINGAPORE -- Porsche has underscored its drive to put a great emphasis on the Southeast Asian region, as the German automaker vowed to find ways to offer various Porsche experiences for the Association of Southeast Asian Nations. “Our business is based on four pillars and (they are) Europe, North...
World Bank President Ajay Banga stressed that South Korea can play a pivotal role in leading other developing countries with its experience in growth and development, during a media briefing Thursday as part of his visit to Seoul. "What Korea did in 30 years -- to go from being an underdeveloped, ...
Samsung chip business back on track, logs W1.9tr operating profit in Q1
Marking 10 years, KB accelerator nurtures 255 startups
Financial groups maintain capital adequacy despite ELS risk
Naver, Intel, KAIST join forces to set up AI lab in Korea
Ministry launches special team to end dog meat consumption by 2027
Hyundai Motor launches internship program for foreign students