Hanmi Science, the holding company of Hanmi Pharmaceutical Group, aims to become a regional vaccine hub company based on its massive mRNA vaccine production capacity.The World Health Organization (WHO) is moving to establish a vaccine hub in each region of the world. Hanmi Science sees the project a
The United Nations Conference on Trade and Development (UNCTAD) decided to reclassify South Korea as an advanced economy in the 68th Trade and Development Board meeting held on July 2. South Korea has become the first country reclassified as an advanced economy by the organization established in 196
The number of Samsung Electronics employees worldwide dropped by about 20,000 in 2020 compared to 2019. The drop was led by business sites in Asia and Europe.Samsung Electronics said in its 2021 Sustainable Management Report released on June 28 that the total number of its employees as of 2020 stood
South Korean biopharmaceutical contract manufacturers’ Sputnik V vaccine production volume is forecast to exceed the latest estimate. This is because the WHO and the EMA are about to approve the Russian vaccine and the approvals are likely to lead to a substantial increase in demand.According to mar
South Korean automakers’ green car export volume added up to 118,796, up 46.4 percent from a year ago, in the first four months of this year. However, their non-hybrid electric vehicle export volume showed little increase.“The green car export to the United States jumped 146.3 percent to 31,621, tha
Advanced Western economies are planning to form a joint working group related to the global semiconductor supply chain via the G7 summit with South Korea, Australia, India and South Africa scheduled for next month. European states are likely to stress the roles of South Korea and Taiwan in this fram
The Ministry of Trade, Industry and Energy announced on May 16 that South Korea’s automobile production volume was 323,644 last month, up 11.8 percent from a year ago. Last month, South Korea exported 188,293 cars, up 52.8 percent from a year ago, and the value of the exports increased 73.4 percent
POSCO International is pushing for exports of classical swine fever (CSF) vaccines to Canada.The company announced on May 11 that it has signed a three-party business agreement with Bioapp, a Korean bio-tech startup, and Canadian pharmaceutical company PlantForm to promote exports, production and R&
Shinhan Vietnam Bank announced on April 27 that it has been selected as Vietnam's best foreign bank by International Business Magazine, a global economic and financial magazine.The bank won the accolade for the second consecutive year following 2020 in recognition of its continued growth in diff
Hanwha Q Cells announced on April 21 that it will supply solar modules to South Africa's largest solar power project, which is promoted by the Angolan government.The project involves building seven power plants with a total capacity of 370 MW in six Angolan states. The first plant will be comple
SK Telecom will connect 5G mobile edge computing (MEC) services around the world by partnering with the Bridge Alliance, the largest alliance of telecom companies in Asia, the Middle East, and Africa. The alliance has 34 telecommunication companies as its members. They include SK Telecom (Korea), Si
Korea Shipbuilding & Offshore Engineering (KSOE) has signed contracts on building 10 vessels for 823 billion won with four shipping companies in Europe, Africa and Oceania.The vessels include four very large crude-oil carriers (VLCCs), three 91,000-cubic-meter LPG carriers and one 40,000-cubic-meter
Naver announced on Feb. 25 that it has invested 115 million euros in Wallapop, the largest virtual marketplace for resellers in Spain.Naver participated in a 157-million-euro funding organized by Korelya Capital for Wallapop. The Spanish e-commerce company plans to invest the funds to expand its inf
The author is an analyst of KB Securities. She can be reached at kahye.hong@kbfg.com. -- Ed. Maintain BUY; raise target price by 5.8% to KRW360,000 We maintain BUY on Celltrion and lift our TP by 5.8% to KRW360,000. We revised up our OP outlook from 2H21 to reflect expected cost reductions via titer
SK Bioscience announced on Feb. 16 that it signed a license-in contract with Novavax and a vaccine supply contract with the Korea Disease Control and Prevention Agency in order to domestically produce and supply the NVX-CoV2373 vaccine, which is about to be approved in the United States and the Euro
The Korea Disease Control and Prevention Agency announced on Feb. 8 that South Korea might consider importing Russia’s Sputnik V vaccine in view of variants, supply issues and other uncertainties.The agency changed its stance in four days. Last week, it said that it was not considering doing so. Thi
Doosan Infracore announced on Feb. 8 that it has signed contracts to sell a total of 221 units of construction equipment to customers in Asia, the Middle East, Africa and Latin America since the beginning of 2021.Doosan Infracore has received an order for a total of 50 excavators, including 30 units
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediary holding company in the shipbuilding business of Hyundai Heavy Industries Group, has landed orders for five medium-sized ships worth US$230 million.KSOE recently signed contracts with African and European shipping companies to build tw
SK Hynix will issue US$2.5 billion worth of global bonds, the largest bond sale for a Korean company. Global bonds refer to bonds that are issued simultaneously in major global financial markets such as the United States, Europe, and Asia.Analysts say that SK Hynix garnered attention from foreign in
LS Cable & System has completed a cable plant in Egypt, the company’s first cable production plant in Africa.Previously, LS Cable & System established a joint venture (LS MAN Cable) with MAN, a local cable construction company, in Ramadan, an industrial city near Cairo, Egypt in January 2020.The Egy