South Korea‘s Celltrion has presented the primary outcome from its pivotal randomized controlled trial of CT-P13, a Remicade biosimilar which is branded as Remsima, in inflammatory bowel disease, the company said on Feb. 20. These data indicate that the safety and efficacy of CT-P13 in patients with moderate-to-seve...
[THE INVESTOR] GM Korea is considering ordering more units of the plug-in hybrid Chevrolet Volt after the first batch of 60 vehicles sold out within two weeks of its launch, ETnews reported on Feb. 20. The report said GM Korea had planned to receive an additional 400 units of the Volt, but most of the units were known to be reserved for businesses, such as car rentals and car sharing. A GM Korea spokesperson told The Investor that nothing has been confirmed about the increased orders, saying rel
[THE INVESTOR] Hyundai Motor Group’s plan to build a new headquarters building is facing increasing resistance from Buddhist monks and the congregation of Bongeun Temple. Hyundai Motor Group is planning to build the Global Business Center as a 105-story, 569-meter skyscraper in southern Seoul across the COEX complex. If built according to the plans, the building will be the tallest in the country.The site is located about 500 meters from Bongeun Temple. The monks of the temple, which was founded
[THE INVESTOR] South Korean fashion brand PLAYNOMORE reported on Feb. 21 that Seoul High Court has rejected France’s Hermes suit against the company saying that it has breached the Unfair Competition Prevention and Trade Secret Protection Act on Feb. 16.PLAYNOMORE's Shygirl (left) and Hermes' KellyThe French luxury fashion house filed a suit in July 2015 saying that the South Korean company’s signature top-handle bags featuring large eyeballs copied the designs of their bags known as Kelly and B
[THE INVESTOR] Recent advances in artificial intelligence have brought significant improvements in automated translations, which was accompanied by a sense of uneasiness that it would eventually spell an end to human translators. In a pre-emptive attempt to explore this question, a battle between a professional human translator and AI-powered translation software will take place in South Korea at 2 p.m. on Feb. 21. The event will be broadcast live via the Sejong Cyber University website.Naver's
[THE INVESTOR] With their competitive edge in building infrastructure, South Korean companies can tap the growing needs of urban development in the Persian Gulf region, a Qatari bank CEO said.Raghavan Seetharaman, CEO and president of Doha Bank Group, recently visited Seoul to hold a seminar for Korean builders and financial firms interested in investing in the region. Raghavan Seetharaman, CEO and president of Doha Bank Group, speaks during an interview with The Korea Herald in Seoul, Feb. 16.
[THE INVESTOR] South Korea‘s Celltrion has presented the primary outcome from its pivotal randomized controlled trial of CT-P13, a Remicade biosimilar which is branded as Remsima, in inflammatory bowel disease, the company said on Feb. 20. These data indicate that the safety and efficacy of CT-P13 in patients with moderate-to-severe Crohn’s disease is comparable to those treated with Remicade, the blockbuster drug from US Johnson & Johnson.The result was presented at the 12th Congress of the Eur
[THE INVESTOR] The planned listing of Celltrion Healthcare, distributor and marketing unit of Celltrion’s biosimilar products, could hinder the demands for its affiliate Celltrion’s shares in the near term, a local securities firm said on Feb. 20. “Some investors might flee the stock once Celltrion Healthcare goes public, as their combined market cap could be seen as burdensome,” said Brian Lee, an analyst at Samsung Securities said. Samsung Securities trimmed its 12-month target price of Celltr
[THE INVESTOR] BUSAN -- About 10 minutes outside Gimhae International Airport in Busan stands a cluster of buildings that make up the Korean Air Busan Tech Center. Housing facilities for airplane maintenance, repair and overhaul as well as manufacturing, the 710,000-square-meter complex is where Korean Air is currently building parts for the new Boeing 787-9 Dreamliner.Korean Air is best known for its commercial airline, but at the Busan Tech Center it has also been in charge of maintaining airc