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The Korea Herald

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January 06, 2023
SK Ecoplant partners with CSCEC to expand business in Egypt, China

SK Ecoplant said Thursday it struck up a partnership with world-class builder China State Construction Engineering Corp. in a bid to ramp up their joint efforts for further attracting overseas renewable energy projects. Under a memorandum of understanding, the construction unit under SK Group and ...
January 06, 2023
[CES 2023] LG CEO touts customer value as key to success

By Jo He-rim Korea Herald Correspondent LAS VEGAS -- LG Electronics Chief Executive Officer Cho Joo-wan underscored the company’s commitment to its “customer-centric vision” at the world's largest home appliance convention Wednesday, highlighting that the key to the tech giant’s successes lie...
January 06, 2023
[CES 2023] LG Innotek to show off self-driving tech at CES

LAS VEGAS -- LG Innotek said Thursday it will showcase a series of its latest innovative technologies and products related to autonomous driving and the metaverse at the Consumer Electronics Show 2023 set to be held from Thursday to Monday in Las Vegas. It will mark the first time the electronics ...
January 06, 2023
[CES 2023] HD Hyundai vows to lead 'ocean transformation' for sustainable future

By Kan Hyeong-woo Korea Herald Correspondent LAS VEGAS -- HD Hyundai on Wednesday pledged to transform how people see and use the ocean in order to build a sustainable future. “To solve the most pressing challenges faced by mankind today, including the global energy crisis and climate change, w...
January 06, 2023
[CES 2023] LG's OLED tech marks 10th anniversary

Ching Wan Tang, a professor of chemical engineering at University of Rochester and Hong Kong University of Science & Technology, appreciated LG's hard efforts to manufacture "sensible" products, calling LG "the biggest winner" among OLED TV manufacturers. The professor is known for his co-invention...
January 06, 2023
[KH explains] No more ‘Burberry check’ on Korean school uniforms

With a new semester starting in two months, South Korean school uniform makers are currently busy reproducing a slew of checkered-pattern school uniforms. "Tens of millions of won have gone to waste," said an official from Hyungji Elite, a school uniform brand, who wished to be unnamed. The hasty...
January 06, 2023
Celltrion's Avastin biosimilar wins regulatory nod from Canadian authorities

Celltrion announced Thursday that the company has cleared the regulatory hurdle to sell Vegzelma, a biosimilar referencing Roche's Bevacizumab sold under the brand name Avastin, in the Canadian market. Vegzelma, or also known as CT-P16, is used to treat a number of types of cancers including metas...
January 05, 2023
Samsung Bioepis speeding up interchangeability study of Humira biosimilar

Samsung Bioepis has brought forward its interchangeability study of Hadlima to speed up its processes for obtaining interchangeability designation in the US market, according to industry sources on Sunday. Hadlima is Samsung Bioepis' biosimilar referencing AbbVie’s blockbuster drug Humira, used t...
January 05, 2023
CES 2023 to offer glimpse into future lifestyles

SK Under the slogan of “together in Action (towards net zero),” SK Group, the country’s second-largest conglomerate, will showcase 44 products and technologies from eight SK companies, including SK Inc., SK Innovation, SK E&S, SK hynix, SK Telecom, SK Ecoplant, SKC and SK Biopharmaceuticals, an...
January 05, 2023
Celltrion to launch Avastin biosimilar in Middle East

Celltrion Healthcare, the marketing unit of Korea's drug developer Celltrion, said on Wednesday that the company inked a partnership with Hikma Pharmaceuticals to launch its biosimilar version of metastatic colorectal cancer treatment Avastin in the Middle East and North Africa region. “The pharm...
January 05, 2023
Stocks of Korea's COVID-19 test kit makers jump as China infections spike

Stock prices of some South Korean biotechnology and pharmaceutical companies have increased based on expectations that China’s sudden spike in COVID-19 cases could positively impact their sales. On early afternoon Wednesday, the stock price of in-vitro diagnostics company SD Biosensor’s stock pr...
January 05, 2023
Hyundai's US unit, Microsoft team up for urban air mobility

The mobility firm will also look to incorporate the US software company's mixed-reality headset HoloLens2 in its UAM aircraft manufacturing, quality control, customer experience and aircraft maintenance processes. “Supernal has an obligation to ensure safe and secure development of eVTOL (electri...
January 05, 2023
LG, Magna boost ties on autonomous driving solution

LG Electronics said Wednesday it is boosting existing ties with Magna, one of the largest auto parts maker, to develop new solutions for autonomous vehicles. The two companies will seek synergy between LG’s advanced in-car infotainment technology and Magna’s driver assistance systems and other s...
January 05, 2023
[KH explains] Will hefty tax incentives be Korean chipmakers' savior?

The South Korean Finance Ministry on Tuesday proposed a plan to further expand tax breaks for the semiconductor industry to the world’s highest level amid escalating competition among chip powerhouses globally. The local industry hailed the decision as indicating the government’s renewed commitme...
January 05, 2023
Local crypto market faces turning point in 2023

The year 2022 was a gloomy one for the local digital assets market, with the values of major cryptocurrencies falling sharply amid a string of catastrophes ranging from the collapse of terra and its sister currency luna to the delisting of wemix. With related authorities forging multiple regulatio...

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