Kolon Life Science announced on March 11 that its osteoarthritis cell and gene therapy “TG-C,” developed by Kolon TissueGene, has been granted a patent in Japan. The patent is for a “pharmaceutical composition for the prevention or treatment of osteoarthritis” related to TG-C. TG-C is a medication t
Lee Woong-yeol, the honorary chairman of Kolon Group, along with the corporation itself, have been indicted on charges related to the tampering of the ingredient of Invossa Injection, a treatment for osteoarthritis. The first trial is anticipated to conclude in the first half of the year, with a dec
Kolon Industries will establish a joint venture with private equity firm Hahn & Company for industrial film manufacturing.On Feb. 27, Kolon Industries announced that it was considering establishing a joint venture (JV) with Hahn & Company for its film business and signed a binding memorandum of unde
Kolon Life Science filed a lawsuit against the Korean Ministry of Food and Drug Safety (MFDS), claiming that the revocation of the license for its osteoarthritis gene therapy Invossa-K Inj. was invalid but lost the appeal.On Feb. 7, the Seoul High Court ruled in favor of the plaintiff in the appeal
Kolon Global announced on Dec. 13 that it signed a business agreement with Enercon, a leading German manufacturer of direct-drive wind turbines without gears, at Kolon Tower in Gwacheon, Gyeonggi Province, on Dec. 12. Enercon is recognized as one of the top three global wind power companies.Through
'H2 MEET 2023', the world's largest hydrogen industry exhibition, will host its largest-ever event at KINTEX 1 in Goyang, Gyeonggi Province for 3 days from Wednesday, September 13 to Friday, September 15.This exhibition is hosted by the H2 MEET Organizing Committee (Chaired by Nam-hoon Kang, Chairma
It has been disclosed that among the stock assets held by conglomerate leaders and their families, there are 22 instances where the stock assets of the next generation surpass 50 percent. This increase in the inheritance and gifting of stocks as part of the generational transition within these congl
An alarm bell has sounded in Korea’s auto parts industry with China’s entry into a deflationary phase. Some companies are selling off their local subsidiaries in China or drastically downsizing their operations as demand for new cars has fallen in the country.According to the electronic disclosure s
One Team Korea will dispatch a reconstruction cooperation delegation to Ukraine by the end of August.According to the Korean Ministry of Land, Infrastructure, and Transport (MOLIT) on July 24, the Korean government recently assembled a reconstruction cooperation team with government officials and th
According to sources in the Korean business community on June 12, the Xing Haiming, Chinese Ambassaor to South Korea, stayed at Healing Stay Cosmos Resort, an accommodation facility operated by Korea’s Kolon Group on Ulleung Island of Korea in the East Sea, last month. While the exact price of the s
The petrochemical industry is struggling to recover, scrambling to secure growth drivers in specialty areas. In response to China’s expansion of its self-sufficiency rate, they are trying to secure market competitiveness by focusing on high-value-added products. In particular, they are actively fost
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Chemical sector at the crossroads of survivalThe petrochemical sector is cyclical in nature, where profits generated during an up- cycle are invested during a down-cycle to prepare for the next boo
HD Hyundai has entered the AI business by securing a stake in the Korean subsidiary of Palantir, which provides public sector AI services to U.S. intelligence agencies and the military.According to sources in the Korean business community on Dec. 21, HD Hyundai secured a 25.1 percent stake in Palant
Korean companies are working hard to help Turkey and Syria, which were hit hard by massive earthquakes. They are continuing to donate money and deliver relief goods for earthquake recovery and rescue work in Turkey.On Feb. 10, Samsung Electronics decided to provide a total of US$3 million in cash an
Many large Korean construction companies are moving to get a piece of the action as Saudi Arabia wants to partner with Korean builders in promoting the Neom City project. Yet, DL E&C, the No. 3 player in the Korean construction market, appears to have failed to jump on the bandwagon. DL E&C reduced
South Korea and Saudi Arabia signed 25 investment contracts and business cooperation MOUs on Nov. 17 in line with the visit to Seoul of Crown Prince Mohammed bin Salman, the real power holder of Saudi Arabia.The crown prince arrived in Seoul on Nov. 16, one day ahead of the original schedule. The pu
The authors are analysts of Shinhan Investment Corp. They can be reached at jinmyung.lee93@shinhan.com and cgh815@shinhan.com, respectively. -- Ed. Earnings passing the trough in 2Q22The combined price spread of chemical products, which has been on a downtrend since early this year, fell further in
The Attomax golf ball developed by Kolon Industries using an amorphous metal alloy has been officially recognized as the world's longest distance golf ball.The company announced on June 14 that the World Record Committee (WRC) of the United States, a world-class record certification organization
The authors are analysts of Shinhan Investment Corp. They can be reached at jinmyung.lee93@shinhan.com and cgh815@shinhan.com, respectively. -- Ed. Oil refining: Structural uptrend in refining marginsWe expect to see the oil refining industry enjoy a structural uptrend with tight market supply to co