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Thursday, October 19, 2017

Industry

Hanmi Pharmaceuticals’ Poziotinib showed more than 40 times stronger potency than TKIs in cancer treatment test.
Effectiveness Approved
19 October 2017 - 1:30pm
The result of a clinical study evaluating poziotinib, a MEK-targeted cancer treatment which was developed by Hanmi Pharmaceutical and licensed out by U.S.-based Spectrum Pharmaceuticals, was...
Starting with the issuance of new shares worth 700 billion won (US$618.87 million) within this year, the creditors of Hyundai Merchant Marine have decided to inject more money by year and stage.
For Securing Competitiveness
19 October 2017 - 12:45pm
The South Korean government and creditors have practically launched its phased program to provide up to 10 trillion won (US$8.84 billion) of money to strengthen the competitiveness of Hyundai...
Vehicle rollover test in which the panoramic sunroof airbag of Hyundai Mobis is used
Sunroof Airbag
19 October 2017 - 12:30pm
Hyundai Mobis announced on October 17 that it developed the world’s first airbag system for panoramic sunroofs, completed various tests regarding the system, and applied for patents regarding 11...
Sales of the Korean automobiles produced in the overseas factories sank 12.0% year on year to 372,919 units.
Cars Produced Abroad
19 October 2017 - 11:00am
Domestic sales and exports of automobiles grew by double digits but overseas sales of cars from overseas factories failed to escape from a slump in September. According to the Ministry of Trade,...
Moody’s maintained the credit rating for South Korea at Aa2.
National Credit Unchanged
19 October 2017 - 10:45am
Moody’s maintained its credit rating for South Korea at Aa2 and its credit rating outlook for the country at stable on October 18. The credit rating agency changed the rating from Aa3 to Aa2 in...
Medical isotope production at the Jordan Research and Training Reactor (JRTR)
18 October 2017 - 6:15pm
The Korea Atomic Energy Research Institute (KAERI) announced on October 17 that the Jordan Research and Training Reactor (JRTR) succeeded in producing medical isotopes and the isotopes have been...
30% of Samsung Tianjin Battery shares have been put up for sale.
Selling Off Shares
18 October 2017 - 6:00pm
It has been found that 30% of Samsung Tianjin Battery shares have been put up for sale. In the joint venture for the management of Samsung SDI’s battery manufacturing plant located in Tianjin,...
Nuclear power plant construction is a business item that accounts for more than 20% of the sales of Doosan Heavy Industries & Construction.
Hurt by Gov’t Policy
18 October 2017 - 5:45pm
“Doosan Heavy Industries & Construction’s sales are likely to decrease by 350 billion won to 400 billion won a year until 2020 if the project is stopped as planned,” the credit rating agency...
US-based electric car company Tesla recently presented a written opinion against the ITC's safeguard investigation into import solar cells and modules.
Negative Impact on Business
18 October 2017 - 4:45pm
According to the US International Trade Commission (ITC) on October 17, US electric car company Tesla recently filed an objection against the ITC's safeguard investigation into import solar cells and...
The plant of China-Korea Petrochemical, the joint venture formed by SK Global Chemical and China Petroleum & Chemical Corp. (Sinopec), the largest petrochemical company in China.
‘China Insider’ Strategy
18 October 2017 - 1:00pm
SK Innovation Co., South Korea's top oil refiner, announced on October 17 that China-Korea Petrochemical, the joint venture formed by its affiliate SK Global Chemical Co. and China Petroleum &...
The Ministry of Oceans and Fisheries (MOF) of Korea will sign an agreement to join the Asia Cruise Cooperation (ACC) as a representative of South Korea’s ports of call.
For Lowering Reliance on China
18 October 2017 - 12:45pm
The South Korean government is to establish a cruise alliance with Southeast Asian countries to diversify the domestic cruise market. The Ministry of Oceans and Fisheries (MOF) announced on October...
The total exports from South Korea increased 16.4% year on year to US$375.1 billion during the same period.
More than 16% Increase
18 October 2017 - 12:30pm
The Ministry of Trade, Industry & Energy analyzed WTO data and announced on October 17 that the global total commodity exports added up to US$10.5 trillion, up 9% from a year ago, for the first...

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