Search Results | BusinessKorea

Saturday, January 20, 2018

Search Results:

Deutsche Bank suggested less than 30% of the current share price as Celltrion’s target price   by raising questions about its profitability in the future.

Due to Uncertain Future Profitability

19 January 2018 - 11:30pm
Choi Mun-hee

Although Celltrion posted record-high earnings on January 19, its share price plummeted due to a foreign brokerage house report that raised questions about its profitability in the future. As the report suggested less than 30% of the current share price as its target price, citing problems of how R&D costs were applied, close to four trillion won (US$3.6 billion) vanished from the company’s market capitalization.

In the KOSDAQ stock market, Celltrion’s stock price closed at 287,800 won (US$259), down 9.87% from the previous day. The stock price, which surpassed 300,000 won on...

read more
Samsung Electronics will concentrate on the 'AI First' strategy along with the recruitment of Larry. Heck.

‘AI First’ Strategy

19 January 2018 - 11:15pm
Michael Herh

Samsung Electronics acquired Larry Heck, a world-class AI guru. Larry Heck himself developed Google’s Google Assistant, one of the best AI services in the world, and Microsoft's Cortana.

According to Samsung Electronics on January 19, Dr. Heck has been serving as a senior director of AI research and development at Samsung Research America (SRA) in Mountain View, Silicon Valley of the US since last November.

Dr. Heck gave a keynote address with Son Young-kwon, president of Samsung Electronics, at the closed-door AI Conference held by SRA on January 17 to 18. In the conference...

read more
Hoban Construction made a proposal to purchase 40% of the 50.75% stake of Daewoo E&C first and buy the rest of the stake in two to three years after securing a put option.

Sustainability Questioned

19 January 2018 - 11:00pm
Jung Min-hee

A local smaller constructor Hoban Construction solely took part in the acquisition of Daewoo Engineering & Construction Co (Daewoo E&C).

According to an official of the Korea Development Bank on January 19, only Hoban Construction submitted a proposal in the main bid for the sale of a 50.75% stake in Daewoo E&C held by the bank.

No bid proposal was handed in by Elien Holdings, a China-based investor, and the Pacific Private Alliance Group, a Chinese private equity fund.

It is said that Hoban Construction made a proposal to purchase 40% of the 50.75% stake...

read more
An Italian government department equivalent to the Fair Trade Commission in Korea launched an investigation of Samsung Electronics after Apple.

Burden 0r Opportunity for Samsung?

19 January 2018 - 10:45pm
Cho Jin-young

The fire of Apple's Battery-Gate spread to Samsung Electronics. Consumers’ complaints about Apple are leading each government to generally check the smartphone industry and market. Apple aroused controversy as the iPhone’s performance withers when its battery aged. In Korea, even a criminal accusation has been made against Apple. Other companies such as Samsung Electronics declared, “We did not commit such a thing.”

According to Samsung Electronics on January 19, an Italian government department equivalent to the Fair Trade Commission in Korea launched an investigation of Samsung...

read more
A 'Sapoon Sapoon' cafe at Terminal 2 of Incheon International Airport opened by Korea Ginseng Corporation.

Health and lifestyle café 'Sapoon Sapoon'

19 January 2018 - 5:15pm
Choi Mun-hee

Korea Ginseng Corporation’s health and lifestyle cafe 'Sapoon Sapoon' café will launch a special menu that utilizes the spatial characteristics of the airport in addition to signature menu ‘Gingseng-chino.’

Korea Ginseng Corporation will open health and lifestyle cafe 'Sapoon Sapoon' in line with the opening of Terminal 2 (T2) of Incheon International Airport on January 18.

66-square-meter Sapoon Sapoon is located by Gate 234 on the west side of the departure on the 3rd floor of Terminal 2 of the Incheon International Airport (Duty Free Shopping Zone). The cafe is open space...

read more
A digital cockpit disclosed by Samsung Electronics at the CES 2018 in Las Vegas, the US, early this month.

Ultra-high-performance Graphic DRAM

19 January 2018 - 4:45pm
Cho Jin-young

Samsung Electronics launched an ultra-high-performance premium graphic DRAM aimed at the rapidly growing semiconductor market for artificial intelligence (AI) and autonomous navigation. This is a strategic move to maintain the memory semiconductor “super gap” strategy by expanding business areas into the next generation automotive semiconductor market as well as the existing game and graphic card market.

Samsung Electronics said on January 18 that the company started mass-production of 16 Gigabit (Gb) GDDR6 DRAMs at 18 Gbps (1 Gbps means a transfer of 1 billion bits per second), the...

read more
Dong-A ST has signed a license deal with NeuroBo Pharmaceuticals Inc. to grant the US company exclusive rights to develop and commercialize its self-developed herbal drug candidate DA-9801 for diabetic neuropathy.

$180M Drug Deal

19 January 2018 - 11:45am
Choi Mun-hee

Dong-A ST Co. has reached a technology transfer agreement for its diabetic neuropathy treatment with an U.S.-based drug maker for up to US$180 million (192.69 billion won).

Dong-A ST announced on January 28 that it has signed a license deal with NeuroBo Pharmaceuticals Inc. to grant the US firm exclusive rights to develop and commercialize its self-developed herbal drug candidate DA-9801 for diabetic neuropathy. Under the agreement, Dong-A ST will receive US$2 million (2.14 billion won) in advanced free and 5 percent in NeuroBo Pharmaceuticals shares. It will additionally gain up to...

read more
A ‘Paris Baguette’ store that opened on hot spots of the 3rd floor of Incheon International Airport’s Terminal 2.

For Travelers in New Terminal

19 January 2018 - 11:30am
Choi Mun-hee

The SPC Group landed the right to operate the food and beverage concession business for the central and eastern parts of Terminal 2 of Incheon International Airport through a public tender last January. Therefore, the company has come to operate 26 stores including those of its 18 brands at the center of the land side where the departure and arrival exits are located, the air side which is a duty-free shopping area on the east side, the transportation center and the lounge.

The SPC Group has enhanced convenience for airport users by incorporating cutting-edge IT technology in line...

read more
LG Innotek will mass-produce the Advanced Flip Chip LED Package with light efficiency of 220 lm per watt.

World’s Highest Light Efficiency

19 January 2018 - 11:30am
Jung Min-hee

LG Innotek succeeded in developing a light emitting diode (LED) for illumination that can withstand temperature up to 300 degrees, and will begin to roll out the product at the end of this month.

LG Innotek announced on January 18 that the company would mass-produce the Advanced Flip Chip LED Package with light efficiency of 220 lm per watt. The flip chip LED package is a light source directly attached to a PCB substrate without a connection line between chips. The new product’s light efficiency reaches the world's highest level.

The flip chip LED package has attracted...

read more
The Korea Trade Commission decided to request the Ministry of Strategy and Finance to impose 3.67% to 60.95% dumping prevention tariffs on PET films from Taiwan, Thailand and the UAE for five years on Jan. 18.

Anti-dumping Duty on PET Film

19 January 2018 - 11:15am
Michael Herh

On January 18, the Korea Trade Commission decided to request the Ministry of Strategy and Finance to impose 3.67% to 60.95% dumping prevention tariffs on PET films from Taiwan, Thailand and the UAE for five years in its 373rd meeting.

Taiwanese, Thai and UAE PET films have been imposed with a tariff rate of 3.29% to 60.95% since November 1 of last year. A dumping rate of 8.68% was imposed on Taiwanese companies’ PET film while 3.71%, 3.67%, and 3.68% dumping rates on Eni JP, Ployplex and other companies of Thailand, respectively. Dumping rates on UAE companies were 7.98% on Flex and...

read more

Pages

Copyright 2013 BusinessKorea Co., Ltd.
301 Samdo Building, 12-1
Yeoido-dong, Yeongdeungpo-gu
Seoul, Korea 150-010
Tel: +82-2-578-3220
Fax: +82-2-578-3224
Email: contact@businesskorea.co.kr

 
 

Web design by: