Korea Aerospace Industries (KAI) has signed an industrial cooperation agreement with Slovakia's state-run defense company Letecke Opravovne Trencin (LOTN) to promote exports of the FA-50 fighter to the Central European country.The business agreement was signed by the presidents of both KAI and L
Standigm Inc., a Korean leading workflow artificial intelligence (AI) drug discovery company, announced on Nov. 3 that the company has filed PCT (Patent Cooperation Treaty) patent application covering AI-driven repurposed drugs for primary mitochondrial disease.The company collaborated with a U.S. h
POSCO Chemical is gearing up to build a cathode material plant in the United States, a plan that was announced early this year. Starting next year, it will gradually expand its overseas production bases to Europe and other parts of the world.POSCO Chemical is closely examining investment conditions
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Large Korean construction players’ 3Q21 housing sales mostly met consensus, but GS E&C and Daewoo E&C disappointed expectations on one-off losses at their overseas arms. Although there is no valu
Busan, Korea's second-largest city, is now campaigning to host World Expo 2030 in its bid to grow into a world-class city. BusinessKorea had an interview with Park Geun-rok, head of the Expo Promotion Team of the Busan Metropolitan Government, who is spearheading efforts to make World Expo 2030
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Despite government regulations (including in Korea, the US, and China), consumer needs will likely continue to be the main determinant of growth for the platform industry—alongside the sustaining
Incheon is becoming a global city that drives the growth of South Korea. The following is an interview with Park Nam-chun, the city's seventh popularly elected mayor who took office in July 2018. -- Ed.The Ministry of SMEs and Startups picked Songdo, Incheon as the sole final candidate for the K
Samsung Electronics vice chairman Lee Jae-yong is scheduled to embark on a business trip to the United States in November. The head of Samsung Electronics is likely to announce the site for Samsung Electronics' second foundry in the United States during this business trip.Samsung Electronics ann
The Korea Institute of Energy Technology (KENTECH) announced on Oct. 20 that it has finalized the appointment of Professor Ryoo Ryong, a world-renowned scholar in the field of functional nanoporous materials, as a chair professor.Professor Ryoo obtained a doctorate degree from Stanford University an
South Korean pharmaceutical and biotech companies’ technology exports to China, one of the largest markets in the industry, are showing a rapid increase these days.The Korea Pharmaceutical and Bio-Pharma Manufacturers Association announced on Oct. 17 that such contracts signed this year add up to 2.
Samsung Electronics Vice Chairman Lee Jae-yong is reportedly visiting the United States as early as at the end of October.Lee has applied for a U.S. visa. He is expected to finalize the selection of the site for the company’s new U.S. foundry during this business trip. In May 2021, Samsung Electroni
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Considering Hyundai E&C’s 2021 guidance for earnings and apartment pre-sales, things are progressing as planned. At both the domestic and overseas business divisions, sales should increase in 2H2
An anti-AIDS drug candidate of the Korea Research Institute of Chemical Technology has been approved for sale in China. It is expected to become the first new drug candidate commercialized by the institute and the production in China is scheduled to start this year.This achievement was led by Dr. So
The South Korean government held a meeting on Sept. 30 to discuss how to better support mRNA COVID-19 vaccine development and related budget planning for next year.South Korea is aiming to develop at least one mRNA COVID-19 vaccine by 2023. The government is planning to invest a COVID-19 drug and va
Samsung Electronics is close to finalizing the construction of a US$17 billion semiconductor foundry in Taylor, a city in Williamson County in the U.S. state of Texas, Reuters reported on Sept. 29 (U.S. local time), quoting sources with knowledge of the matter.Samsung, however, said it is continuing
The authors are analysts of Shinhan Investment Corp. They can be reached at shawn1225@shinhan.com and jhwon@shinhan.com, respectively. – Ed. Transforming into a global bio platform companySK Bioscience develops, produces, and markets vaccines and biological medicines, and operates the largest vaccin
The K-mRNA Consortium announced on Sept. 9 that Dong-A ST and Ecell have become members of the consortium launched in June this year. The members of the consortium for COVID-19 vaccine development also include Hanmi Pharmaceutical, GC Pharma, ST Pharm and the Korea Innovative Medicines Consortium.Do
SK Innovation and Ford are expected to set up a joint venture in Europe. They are already running a battery plant together in the United States, and their second plant is expected to be built at an investment of up to 12 trillion won. Their candidate locations are Hungary, Romania and Poland. The fi
The city of Taylor and Williamson County in Texas, the United States, have approved a plan to provide incentives to Samsung Electronics, including property tax abatement, if the Korean company builds a US$17 billion foundry plant in the city.Leaders of the city and the county held a joint meeting at
AbbVie of the United States has returned the rights concerning a botulinum toxin candidate to Medytox of South Korea, as the contract has expired.Medytox licensed out its technology for liquid botulinum toxin to Allergan of the United States in 2013. Initially, the Korean drugmaker sought to enterin