Samsung C&T announced its participation in a Small Modular Reactor (SMR) project in Romania.On June 13 (local time), Samsung C&T’s construction division signed a memorandum of understanding (MOU) with Nuclearelectrica, Romania’s state-owned power corporation; E-INFRA; Nova Power & Gas; and U.S.-base
Samsung BioLogics is moving closer to attaining its goal of becoming a top-tier global biotech company.John Lim, CEO of Samsung BioLogics, held a press conference at Bio USA in Boston, the United States on June 5 (local time) and revealed the status of his company’s contract manufacture organization
Celltrion announced on June 5 that it had signed a contract with Rani Therapeutics, a biotech company based in San Jose, California, to develop an oral version of adalimumab (development name: RT-105).Earlier this year in January, Celltrion had signed a new drug development contract for the oral ver
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Having endured a shrinking in their Kospi portion, the top-5 healthcare groups should enjoy a sharp top-line uptrend from 2024. Their combined annual sales are primed to reach W23.5tn in 2028 (5yr CA
SK Group created over 20.5 trillion won in social value (SV), up 1.6 trillion won from the previous year, through innovations in environmental and social business models last year. Social value refers to the degree to which a company has contributed to solving or alleviating social problems faced by
GeneOne Life Science announced on June 1 that it has hired Jeff Whitmore as the Chief Commercial Officer (CCO) of its subsidiary VGXI, a contract development and manufacturing organization (CDMO) for plasmid DNA and RNA drugs.The newly appointed CCO Whitmore will oversee the operations of VGXI's
Semiconductor companies that have been using ARM’s services, such as Samsung Electronics, have begun to part ways with ARM. This is because they believe that ARM has been abusing its power by raising license fees and forcing the use of its designs. An alternative is RISC-V, an open-source semiconduc
Pharmaceutical and biotech companies from Korea will be attending the “2023 Bio International Convention” held in Boston, Massachusetts, the U.S., from June 5 to 8. The convention is the largest biotech and pharmaceutical exhibition in the world and is organized by the Biotechnology Innovative Organ
On May 25, HanAll Biopharma and Daewoong Pharma announced a joint development agreement on potential treatments for degenerative neurological diseases. The agreement centers on ATH-399A, a leading candidate for Parkinson's disease treatment, currently under development at NurrOn Pharmaceuticals.
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn presented methods for equitable access of vaccine in the world at the Regionalized Vaccine Manufacturing Collaborative (RVMC) Side
The United Arab Emirates (UAE), which pledged US$30 billion in investment in Korea during a bilateral summit in January, has set out to make that investment in Korea. It is reviewing investment opportunities worth US$2 billion in Korea, focusing on priority investment cooperation areas such as energ
The author is an analyst for NH Investment & Securities. He can be reached at seungyeon.han@nhqv.com -- Ed.We expect HanAll Biopharma to showcase a new royalty revenue business model within the Korea biotech industry. The firm is to generate large-scale global royalty revenue by developing next-gene
Neowiz has established a new subsidiary in North America.According to Neowiz’s quarterly report released on May 17, the company established Neowiz Santa Monica in Irvine, California, United States, in late 2022. Neowiz Santa Monica will be headed by chairman Lee Ki-won, a founding member of Neowiz a
Samsung Electro-Mechanics announced on May 16 that it has developed the world’s highest-capacity multi-layer ceramic capacitor (MLCC) applicable to electric vehicles. The company plans to expand its lineup of products for high-end electronics to accelerate its penetration into the automotive electro
CJ Logistics announced that it has signed a business agreement with Saudi Arabia’s General Authority of Civil Aviation (GACA) at the Marriott Hotel in Riyadh, Saudi Arabia on May 10 (local time) to start building the Global Distribution Center (GDC) to handle international deliveries for iHub, a glo
As the focus of the semiconductor industry has moved from mobile devices to high-performance computing (HPC) systems, HPC is emerging as a hot spot in the foundry industry. HPC computers refer to computers that process complex calculations in parallel and at high speed on multiple servers.With the r
Samsung Electronics Chairman Lee Jae-yong met with global CEOs of big pharmaceutical companies and bio-venture startup incubation companies in the eastern United States, the world’s largest bio-cluster, to lay the groundwork for the success of Samsung’s biotech business.According to Samsung Electron
Jeonnam Governor Kim Young-rok, who is on a European tour, signed an investment agreement with Linde and Hanyang in Frankfurt, Germany, to create an US$800 million (1 trillion won) blue hydrogen production cluster.Germany’s Linde is the world’s largest industrial gas and engineering company and is a
Germany's Merck Life Sciences will set up an Asia-Pacific production facility for biopharmaceutical raw materials and parts in Daejeon, Korea.Merck Life Sciences announced on May 3 that it has signed a memorandum of understanding (MOU) with the Ministry of Trade, Industry and Energy and Daejeon
Seo Jung-jin, the head of biotech company Celltrion Group and one of South Korea’s richest persons, is reported to have children out of wedlock. He recently registered two additional children after a paternity claim.With the emergence of Seo’s two extramarital children, changes may be made in Celltr