Ildong Pharmaceutical announced on April 18 that it has established the Global Business Headquarters to strengthen its overseas business.The new organization will oversee the Overseas Business Development Department and the Drug Import and Export Department, and will be in charge of establishing a U
Hyundai Engineering and Construction (Hyundai E&C), Hyundai Motor Co., and Aegis Asset Management have teamed up to create a "vertiport," a landing area for urban air mobility (UAM). Vertiport is a combination of the words "vertical" and "airport." It means an area where UAM vehicles can vertically
The Daegu Gyeongbuk Institute of Science and Technology (DGIST) announced on April 14 that its research team led by professor Yoo Sung-woon figured out why microglial cells are over-activated in relation to Alzheimer’s disease and discovered an anti-dementia drug candidate with which memory can be r
HanAll Biopharma and Daewoong Pharmaceutical announced on April 11 an expansion of their open collaboration strategy by investing in Turn Biotechnologies, a Silicon Valley based company focused on developing novel mRNA medicines. The companies are supporting Turn Bio’s continued development of a hig
Remi Eriksen, CEO of DNV, recently had an interview about the longstanding relationship between his company and Korea. DNV is the world’s largest international accredited registrar and classification society and is headquartered in Norway. It provides services to a range of industries, including the
LG Energy Solution will establish a battery plant in Ontario, Canada, with Stellantis, one of the three largest automakers in North America. The two companies will officially announce the plan on March 23.In October 2021, the two companies announced that they would establish a battery joint venture
Change in policy stance under incoming conservative governmentConservative opposition candidate Yoon Suk-yeol was elected as the 20th president of Korea. The shift in political power away from the liberal government after five years clearly showed that voters were discontented with the Moon administ
Korea Hydro & Nuclear Power (KHNP) announced on March 18 that it has been invited to participate in the tender for a new nuclear power plant project in the Czech Republic.In 2021, the Czech government announced a second-stage bidding procedure for the construction of a new nuclear power plant. It ex
SK Bioscience announced on March 16 that it has submitted rolling review documents to the Medicines and Healthcare products Regulatory Agency (MHRA) of the United Kingdom for fast approval of its COVID-19 vaccine candidate GBP510.The MHRA's rolling review is a system to accelerate the evaluation
Institutional Shareholder Services (ISS), Glass Lewis and Korea Corporate Governance Service (KCGS) raised objections to former Export-Import Bank of Korea vice president Kim Young-soo becoming an outside director in KB Financial Group. He is a candidate recommended by the KB Financial Group union.K
LG Uplus has begun to test reconfigurable intelligent surface (RIS), which is considered a core technology for 6G mobile communications.RIS is a programmable structure that can be used to control the propagation of electromagnetic (EM) waves by changing the electric and magnetic properties of the su
The MBK Scholarship Foundation announced on March 8 that it has selected a total of 15 new college students as the 15th scholarship recipients through document reviews and video interviews for about one month.The foundation has selected eight male and seven female students. They hail from diverse re
Yoon Suk-yeol of the main opposition People Power Party (PPP) has been elected South Korea’s next president.The former prosecutor general defeated the ruling Democratic Party’s Lee Jae-myung by a margin of 0.8 percentage points or some 240,000 votes. It is the smallest margin of victory since a dire
The Korea Pharmaceutical and Bio-Pharma Manufacturers Association announced on March 2 that South Korean biotech and pharmaceutical companies exported 32 technologies equivalent to 13.372 trillion won last year. For reference, the latter was 1.48 trillion won, 5.73 trillion won, 8.51 trillion won an
International sanctions against Russia are predicted to affect South Korea’s participation in the nuclear power project in El Dabaa, Egypt. This is because the project launched by the Nuclear Power Plants Authority of Egypt is being led by JSC ASE, a subsidiary of Rosatom, which is a Russian state c
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. KT to spin off cloud/IDC business as subsidiary — KT revealed that it would spin off its cloud/IDC business and set up a subsidiary (KT Cloud) beginning Apr 1. Investments in internet data centers in the
The GSM Association is planning to call for global content providers such as Netflix and YouTube to share network investment costs.These days, big tech companies are facing increasing pressure, especially in Europe, with regard to communication infrastructure costs and this has to do with the fact t
Ahead of the International Monetary Fund (IMF) Executive Board’s meeting on the currency basket for the Special Drawing Rights (SDR), attention is being paid to whether the Korean won will be included in the basket. In a press release on Feb. 13, the Federation of Korean Industries (FKI) presented f
Goldman Sachs said in an Asia-Pacific portfolio strategy report that Korea’s potential reclassification as a developed market is gaining traction.The report, published on Feb. 13, noted that Korea's finance minister and Korea Exchange chairman have publicly advocated changes that specifically ad
MedPacto, Inc., a genome-based drug discovery and clinical-stage biotechnology company, announced on Feb. 14 that it has entered into a clinical trial agreement with University Hospitals Cleveland Medical Center in the United States to pursue an investigator-initiated clinical trial in patients with