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Wednesday, August 23, 2017

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Samsung Bioepis and Japan's Takeda Pharmaceutical will co-fund and collaboratively develop innovative therapies rather than transferring new candidate materials or technologies.
Milestone for Biopharma Development
22 August 2017 - 5:00pm
Samsung Bioepis Co., a biopharmaceutical affiliate of Samsung, announced on August 21 it has entered into a strategic collaboration agreement with Japan's Takeda Pharmaceutical Co., the largest...
General Motors (GM) launched a US$5,000 small new energy vehicle named the Baojun E100 which does not reveal its identity.
Foreign Brand Use Prohibited
22 August 2017 - 5:00pm
Chinese authorities began to take steps to prevent foreign brands from being exposed in the Chinese electric car market. China's National Development and Reform Commission recently rejected an...
O-film's fingerprint recognition module for smartphones (Source: O-film).
Posing Threat to Korean Firms
22 August 2017 - 5:00pm
O-film, a Chinese smartphone component maker, ranked first in fingerprint recognition module market shares in the world last year. The company achieved a rare feat thanks to a spike in its...
Samsung Electronics posted a record high of 40.9% share in Latin American smartphone market share in the second quarter of this year.
Led by Low-priced Smartphones
22 August 2017 - 5:00pm
It has been found that Samsung Electronics increased its Latin American smartphone market share by 6.7 percentage points year on year to a record high of 40.9% in the second quarter of this year. Its...
The US auto industry is strongly demanding the revision of the Korea-US Free Trade Agreement (FTA).
Claiming ‘High Import Barrier’
22 August 2017 - 4:45pm
The US auto industry is strongly demanding the revision of the Korea-US Free Trade Agreement (FTA). Both Korea and the US will start discussion on the revision of the agreement on FTA revision on a...
South Korea’s President Moon Jae-in (left) shakes hands with Russian President Vladimir Putin at the G-20 summit in Hamburg Germany on July 9, 2017.
Another Axis
22 August 2017 - 4:00pm
The South Korean government established the Presidential Northern Economic Cooperation Committee for more economic cooperation with such countries as Russia. On August 21, the South Korea government...
The South Korean and Australian economies can get into trouble if economic tensions rise between the U.S. and China.
Trade War between U.S. and China
22 August 2017 - 4:30pm
The US-based think tank Conference Board recently said that the added value the U.S. obtains by exporting to China accounts for 0.7% of its GDP and the added value China obtains by exporting to the U...
Approximately 140 Bithumb members are planning to file a class action suit against the largest bitcoin exchange in Korea within this year.
Class Action
22 August 2017 - 4:30pm
It has been found that approximately 140 Bithumb members are planning to file a class action suit against Bithumb within this year. “We recently appointed a law firm and decided to file the first...
South Korea's largest bitcoin exchange, Bithumb, posted 2.6 trillion won (US$2.28 billion) in daily trading volume on July 19.
Reaching Record High
22 August 2017 - 4:30pm
South Korea's largest bitcoin exchange, Bithumb, announced on August 21 that it posted 2.6 trillion won (US$2.28 billion) in daily trading volume on the 19th, reaching a record high. The figure is...
The price of Bitcoin cash (BCH) surpassed US$1,000 (1.14 million won) on August 19.
Led by Korea
22 August 2017 - 4:00pm
The price of Bitcoin cash (BCH), an offshoot of the legacy Bitcoin blockchain, ​surpassed US$1,000 (1.14 million won) on August 19, reaching another record high. This was due to the surge in BCH’s...
The combined net profit posted by South Korean companies listed on KOSPI market, excluding Samsung, LG and SK Groups, decreased as much as 17 percent.
Optical Illusion
22 August 2017 - 12:45pm
Although the combined net profit posted by South Korean companies listed on the country's main KOSPI market reached a record high in the first half of this year, the figure excluding Samsung, LG and...
The reason for Toshiba’s delay of a formal contract with the Korea-US-Japan Alliance is reportedly due to a litigation risk.
Real Reason
22 August 2017 - 11:15am
Toshiba said that it was litigation risk that delayed a formal contract with the Korea-US-Japan Alliance, which includes SK Hynix, although the alliance was selected as the preferred bidder for the...

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