ST PHARM, a subsidiary of the Dong-A Socio Group, announced on Oct. 25 that its Oligo manufacturing facility, Banwol Campus, has successfully passed its regular Current Good Manufacturing Practices (cGMP) inspection conducted by the U.S. Food and Drug Administration (FDA). The company has also recei
The Korea-Canada Project Exploration and Investment Collaboration Business Forum was held at the Four Seasons Hotel in the Jongno district of Seoul on Oct. 25.The Korea Trade Insurance Corporation (K-SURE) held a joint meeting with the Export Development Canada (EDC) on Oct. 25 to strengthen the exp
Officials from the Suseo High-Speed Railway operator SR and Hyundai Rotem are under investigation in connection with a suspected 1 trillion won (US$738 million) bid-rigging scandal involving third-generation high-speed train procurement.According to the police on Oct. 17, the Financial Crimes Invest
Hyundai Rotem, as a leading contender in the terrestrial weapon systems, is recognized globally for its top-tier competitive and technological prowess. Its market strategy includes an impressive portfolio of terrestrial weapon systems from the latest K2 tanks to wheeled armored vehicles and a compre
The top 13 countries in global greenhouse gas (GHG) emissions account for 70 percent of all GHG emissions. As global GHG emissions continue to rise, it will be difficult to reach the 2030 Nationally Determined Contribution (NDC) target, many experts expect.The Federation of Korean Industries (FKI) s
Korean companies facing patent infringement issues with global IT giants will band together to fight back. Their idea is to raise money for legal fees through a securities token offering (STO) system and return it to STO investors if they win a patent infringement lawsuit and receive compensation.Ac
A U.S. appeals court has rejected a claim by U.S. steelmaker Nucor that cheap electric power in Korea is a subsidy provided by the Korean government to POSCO.According to industry sources on Oct. 24, the U.S. Court of Appeals for the Federal Circuit (CAFC) ruled in favor of POSCO in its appeal of a
Financial Supervisory Service (FSS) Chairman Lee Bok-hyun has announced that the agency will actively consider punishing Kakao Corp. for alleged Kakao Corp. stock price manipulation by its founder Kim Bum-soo and employees. If Kakao Corp. is fined for violating the Capital Markets Act, it may lose i
The controversy surrounding the “Asiana Airlines Cargo Business Separation Sale,” which has emerged as a key issue in the merger of Korean Air and Asiana Airlines, is intensifying. As the Asiana Airlines board is set to decide on the separation sale of the cargo business on Oct. 30, both current and
On Oct. 24, Yoon Hee-sung, the president of the Export-Import Bank of Korea (KEXIM), stated that he anticipates the scale of the second round of defense exports to Poland to be “slightly larger than 30 trillion won (US$22.26 billion).”During a parliamentary audit of the National Assembly’s Strategy
The labor unions of six subsidiary parts companies under the Hyundai Motor Group have initiated the first-ever joint strike within the Hyundai Motor Group. They demand equal performance bonuses and special incentives with Hyundai Motor and Kia Motors while advocating for the elimination of hierarchy
Chairman Kang Seok-hoon of Korea Development Bank has expressed his intention to not push for a forced sale in connection with the shipping company HMM. Regarding the merger of Korean Air and Asiana Airlines, he mentioned the possibility of a low recovery of public funds and put pressure on the Asia
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.The MARIPOSA study has proven the feasibility of lazertinib+amivantamab as a standard first-line treatment. Competing trial FLAURA2 is expected to underperform in terms of OS. In addition, ESMO clini
Amid the rising value of the U.S. dollar and the subsequent selling off to capitalize on profits, residents’ foreign currency deposits decreased by nearly $100 billion last month, marking a continuous decline for the second month in a row. Consequently, the foreign currency deposit balance shrank to
Generative artificial intelligence (AI), a major buzzword this year, is expected to dominate the smartphone market next year.Samsung Electronics is predicted to unveil its Galaxy S24 series, incorporating generative AI, early next year. The company is also expected to strengthen collaborations with
Medytox announced on Oct. 24 that it has withdrawn its application to China’s National Medical Products Administration (NMPA), which was filed in 2018 for the import of its Meditoxin product (export name: Neuronox). Instead, the company will actively push for its entry into the Chinese market with i
Hyundai Engineering, in collaboration with Hyundai E&C, has secured a colossal project in Saudi Arabia worth US$2.3 billion for the expansion of a major gas plant.On Oct. 23 (local time), at the NEOM Exhibition Hall in Riyadh, Saudi Arabia, during the 50th Anniversary Celebration of Korea-Saudi Cons
ArkData (CEO Ko Kwang-yeun), company specializing in real-time data replication, and DataHeaven, Oracle's official technical support partner, signed an MOU on the 24th to collaborate as an official technical support partner for 'Ark for CDC', a real-time heterogeneous database replication solution.A
China’s move to control exports of graphite, a key raw material for secondary batteries, beginning from the end of the year has put the Korean battery industry on alert. The Korean industry is more than 90 percent dependent on China for graphite. This means that it is a real challenge for the indust
Hanmi Pharmaceutical announced on Oct. 23 that it will participate in the pharmaceutical exhibition Convention on Pharmaceutical Ingredients (CPHI) Worldwide 2023 to be held in Barcelona, Spain, from Oct. 24 to 26, local time.Held annually in major European countries, CPHI Worldwide is the world’s l