South Korea is situated on the periphery of the global pharmaceutical industry map. The global drug market reached US$1.1 trillion (1,244 trillion won) as of last year, the South Korean market stood at 21.7 trillion won (US$19.19 billion), accounting for a 0.012 percent of the total. There are no So
Seoul National University medical professors Mook In-hee and Lee Dong-yeong said on October 23 that their research team developed a blood test-based Alzheimer’s disease prediction technique and transferred the technique with a prediction accuracy of about 90% to Medifron DBT. 130 million won was pai
Green Cross MS and Green Cross Laboratories announced on October 10 that they have signed a memorandum of understanding (MOU) to cooperate in clinical examination sector with Sudan Central Lab, which is under the umbrella of the Sudanese government, at the Green Cross MS headquarters in Yongin, Gyeo
KT will enter the Kazakhstan’s’ digital healthcare market based on its information communication technology (ICT). The company plans to aggressively develop the overseas digital healthcare market in the future.KT announced on September 26 that the company held a ceremony to launch the Kazakhstan-Kor
Hanmi Pharmaceutical Co. announced on September 14 that the two biomedicine candidates using its Acting Protein/Peptide Discovery (LAPSCOVERY) platform technology confirmed the possibility as the treatment for rare diseases through animal testing.LAPSCOVERY is Hanmi’s own platform technology that pr
The sell-off of Kumho Tires actually broke up after controversies. On September 5, the Kumho Tire creditors, including the Korea Development Bank (KDB), held a shareholders' meeting and decided not to accept a demand to cut the sale price from China’s Doublestar.Doublestar demanded a change in the s
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 sell-off of Toshiba Memory.According to the Mainichi Shimbun Newspaper of Japan on August 21, Toshiba
Former Virginia governor George Allen, who is called "the missionary of reform," gave advice to President Moon Jae-in who marked his 100th day as president. He served as chairman of the Republican Senate Committee and was a Republican presidential candidate. “From many visits to the Republic of Kor
The domestic robot system is seeking to make foray into the surgical robot market which is expected to grow to 10 trillion won (US$8.86 billion) by 2021.The Ministry of Food and Drug Safety (MFDS) announced on August 3 that it has approved Revo-i, the first surgical robot system developed in South K
The Seoul Central District Prosecutors’ Office has decided on July 11 to probe a complaint filed by the family of the four-year-old girl who fell ill on July 5 alleging that McDonald’s Korea violated food safety laws.The prosecution is soon to summon officials from the country’s biggest fast food ch
SK Chemical will adopt to a holding company system. Accordingly, a small holding company led by SK Chemical Vice Chairman Chey Chang-won, a cousin of SK Group Chairman Chey Tae-won, will be established in the group. Vice Chairman Chey plans to turn SK Chemical, the largest business owned by him, int
A South Korean research team succeeded in developing a new drug candidate using natural substances in grapes and beans that can contain a fatty liver and neutral lipid levels in the blood.The Korea Food Research Institute announced on June 19 that the metabolic disease research team led by Dr. Choi
Samsung Medical Center said that the hospital held the 2017 Samsung Amyloid Symposium at Grand Hilton Seoul Hotel on May 27.The symposium was held under the theme of “diagnoses and treatment of amyloidosis,” sponsored by the National Institute of Health and the Research Center on Rare Blood Diseases
Smart wearable devices are creating a new market by combining themselves with healthcare.According to German market research firm GfK, personal health and fitness devices for blood pressure measurement and so on have become the mainstream of the wearable device market by beating smart watches. Accor
In order to treat cancer, patients had depended on anti-cancer drug injection and chemoradiation therapy in the past, causing a financial burden and side effects with the human body. Accordingly, the PDT method, which absorbs particular wavelengths to create free oxygen radicals and destroys surroun
The Doosan Group announced on April 19 that the 'Doosan Day of Community Service' event was held by employees of its business sites all over the world.This year, in particular, the event marks its fifth anniversary with the participation of about 7,000 employees in 16 countries around the world incl
It has been found that pet transport by South Korean airlines is on the increase. This is likely to continue as Korean Air and Asiana Airlines raised the upper limit of the weight of pet dogs they transport to 45 kg last month. At present, Jeju Air, T'way Airlines and Eastar Jet are providing their
Luke Korea introduced “Golden Care,” an application that captures and manages medical documents such as prescriptions, medical bills and medical envelopes on a smartphone.Golden Care provides a function to sort various kinds of medical materials by hospital, date, disease, document by keeping variou
A personalized medical diagnostic device has been developed for the first time in the world. It allows you to print a paper-based chip with your printer and diagnose whether you have diabetes, kidney problems and brain diseases using your smartphone.The National Research Foundation of Korea said, “W
The number of approvals given to South Korean biosimilar clinical trials has surpassed that of multinational pharmaceutical companies.13 (in 10 items) out of the 25 biosimilar clinical trials (in 22 items) currently in progress are conducted by domestic companies. The number of approvals given clini