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Wednesday, August 23, 2017

Industry

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...
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...
The rendering image of a coal-fired power plant to be built on Matarbari Island in Bangladesh.
Construction Deals
21 August 2017 - 12:15pm
POSCO Engineering & Construction Co (POSCO E&C). has won a deal to construct a coal-fired power plant in Matarbari Island in Bangladesh, along with Japanese trading firm Sumitomo Corp. The...
The Bank of Korea said that more attention should be paid to the potential negative effects  following the introduction of new robot technology.
Potential Negative Effect
21 August 2017 - 11:30am
The Bank of Korea said in its report that more attention should be paid to the potential negative effects on employment and income distribution which can result from the introduction of new robot...
The South Korean shipbuilding industry has lost the world’s largest container ship deals to Chinese companies.
Reflecting Intense Competition
21 August 2017 - 11:30am
The South Korean shipbuilding industry is in shock after it has lost the world’s largest container ship deals to Chinese companies. It is a symbolic event that shows the two countries’ intense...
Losing Competitiveness
21 August 2017 - 11:30am
Most of South Korea’s key industries, except for some industries including semiconductor, are highly likely to shrink dramatically in 10 years. According to a report titled “future vision and...
The market for counterfeit products in Shenzhen, China.
Country of Counterfeit
20 August 2017 - 4:30am
As US President Donald Trump signed an executive order to investigate infringements on intellectual property rights by Chinese companies, Chinese counterfeit goods are emerging as global issues. The...
Korea’s Big Three shipbuilders remained the world's top three in terms of orders remaining.
Order Backlogs
19 August 2017 - 3:45am
Korea’s Big Three shipbuilders -- Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries, Samsung Heavy Industries -- remained the world's top three in terms of orders...
South Korea and the United States will hold a special session of the Joint Korea-US Free Trade Agreement (FTA) Committee in Seoul on August 22.
FTA Revision Talks
19 August 2017 - 3:30am
South Korea and the United States entered into formal discussions to decide whether to revise the Korea-US FTA. The Ministry of Trade, Industry and Energy of Korea and the US Trade Representative (...
A panorama of Samyang Biopharm’s medicinal plant.
‘Renal Lead'
18 August 2017 - 12:45pm
Samyang Biopharm announced on August 17 that the company received a permission to sell multiple myeloma remedy 'Lenalid based on Lenalidomide' by developing it in the form of tablets. Lenalid is a...

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