The Ministry of Trade, Industry and Energy announced on March 16 that South Korea and the UAE had a business roundtable in the UAE and US$2 billion worth of a contract and MOUs were signed there.Specifically, the contract pertains to national defense and the five MOUs are related to information and
TiumBio Co., an R&D-focused clinical-stage biotechnology company based in South Korea, today announced the publication of two posters that will be presented during the upcoming 2023 American Association for Cancer Research Annual Meeting (AACR 2023), taking place from April 14th in Orlando, Florida.
Tium Bio announced on March 13 that it will attend 2023 Bio Europe.2023 Bio Europe Spring is the largest pharmaceutical and bio industry partnering event in Europe. It will be held offline in Basel, Switzerland from March 20 to 22 and an online meeting is scheduled from March 28 to 30 after the offl
SK Plasma announced on March 8 that it received final approval for the construction of a plasma fractionation plant from the Ministry of Health of Indonesia.This export is a result of collaboration between the Ministry of Health and Welfare of Korea and the Korean Embassy in Indonesia since 2019. It
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, and the International Vaccine Institute (IVI) have jointly announced Profs. Andrew Pollard and Sarah Gilbert and Drs. Rino Rappuoli and Mariagrazia Pizza as two groups of co-re
Huawei announced on Mar. 2 that it announced technologies and solutions to lead the 5.5G era and shared business opportunities for mobile carriers at MWC 2023.First, Huawei cited 10Gbit/s experiences, the all-scenario internet of things (IoT), integrated sensing and communications, L4 self-driving n
The Ministry of Trade, Industry and Energy announced on March 1 that South Korea’s exports and imports were US$50.1 billion and US$55.4 billion last month, respectively. The exports fell 7.5 percent year on year whereas the imports increased 3.6 percent from a year ago.Last month, South Korea’s semi
Doosan Group vice chairman Park Ji-won will visit MWC 2023 to grasp the latest technology trends and seek future business directions.Park will pay attention to “Digital Everything” which was one of the themes of this exhibition, observing the latest technologies developing based on faster connectivi
Samsung Electronics announced on Feb. 23 that it has secured a standardized 5G non-terrestrial networks (NTNs) modem technology for direct communication between smartphones and satellites.The company plans to integrate this technology into the company’s Exynos modem solutions, accelerating the comme
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. TP raised 23% to KRW160,000 We maintain BUY on LGE and raise our 12m target price by 23% to KRW160,000 (1.2x 12m fwd P/B). LGE, which ranks third in the world in terms of communication technology patents held,
SK Telecom will showcase a next-generation security chip that integrates a quantum random number generation function and a cryptographic communication function at Mobile World Congress (MWC) 2023, the world's largest mobile communication exhibition.SK Telecom announced on Feb. 20 that it has rel
Kolmar BNH announced on Feb. 20 that it has isolated lactic acid bacterium lactiplantibacillusplantarum SKO-001 from an Angelica root, an herbal medicine, and confirmed its effectiveness in helping to reduce body fat.Angelica roots are used as the main ingredient for Hemo HIM, a health functional fo
POSCO International's pharmaceutical business in Sudan is generating profits while at the same time contributing to improving people's health in the African country.General Medicines Co. (GMC) in Sudan, a joint venture between POSCO International and Shinpoong Pharmaceutical, posted operatin
The KAIST Center for Global Public Procurement opened a door so that 16 South Korean companies with innovative technologies can participate in the procurement market of Massachusetts for seven years to come. For reference, the procurement market of the U.S. federal government has a size of approxima
Samsung Biologics announced on Feb. 8 that it has received awards in all six categories of the 2023 CDMO Leadership Awards. CDMO stands for contract development and manufacturing organization, a company that provides pharmaceutical development and manufacturing services to drug companies.The biotech
Chong Kun Dang announced on Feb. 3 that it has licensed antibody-drug conjugate (ADC) technology from Synaffix B.V., a Dutch biotechnology company.The contract amount is approximately US$132 million including the down payment and development, licensing and sales milestones.With this contract, Chong
SK bioscience has received an upgrade in its MSCI (Morgan Stanley Capital International) ESG (Environmental, Social, Governance) rating from B to BBB in one year, the company announced on Feb. 3. According to the rating report, SK bioscience was recognized for its human resources development in the
Korea South-East Power (KOEN) and Korea East-West Power (EWP) have joined hands to jointly develop a hydropower plant project in Pakistan.The two companies signed an agreement for joint development of the Asrit-Kedam hydropower power plant (229MW) project in Pakistan at the Marriott Hotel in Yeouido
South Korea’s monthly trade deficit hit an all-time high of US$12.7 billion last month. Its semiconductor exports dropped 44.5 percent from a year ago to US$6 billion, the highest rate of decrease in 14 years or so.Last month, South Korea’s petrochemical, general machinery and steel exports decrease
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed.Top pick for Pharmaceuticals & Biotechnology We maintain BUY and TP of KRW1,200,000 on Samsung Biologics. Our TP remains unchanged despite revisions to 2023 ERP and RFR and slight downward adjustments to earnin