The Incheon Free Economic Zone (IFEZ) used to be an island, sea, tidal flat, and reclaimed land, but now it has been transformed into an ultra-modern city with sky-high skyscrapers and a population of 410,000. After being designated as Korea's first free economic zone in 2003, a great change has
Medytox announced on Jan. 20 that Gentix Limited, a subsidiary of its Chinese business partner Bloomage Biotechnology, filed a claim for damages with the Singapore International Arbitration Center (SIAC). The amount claimed is about 119 billion won.Along with a claim for damages, Gentix filed a clai
SK bioscience introduced a new global partnership model at the Riyadh Global Medical Biotechnology Summit 2023 (RGBMS 2023), which took place from Jan. 25-26 at Hilton Riyadh Hotel in Riyadh, Saudi Arabia.The company's president Ahn Jae-yong shared the successful development history of Korea'
Vestas, the world’s largest wind turbine manufacturer, reported a US$300 million investment in South Korea at the World Economic Forum in Davos, Switzerland.An investment report signing ceremony was held at a hotel in Davos in the presence of Trade, Industry and Energy Minister Lee Chang-yang and Ve
Display technology has been designated as a national strategic technology following semiconductor, secondary battery, and biotechnology.The Ministry of Strategy and Finance announced on Jan. 18 a revised enforcement rule of the Restriction of Special Taxation Act, which added five display technologi
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed.Sales of Mercury’s flagship Wi-Fi 6 APs are increasing steadily. Moving ahead, sales growth is expected for new products such as IoT telecom modules for Coway’s home appliances and room management
Lotte Biologics will invest an additional 1.2 trillion won to build one more CMO plant in Korea. The company will have a total of three CMO plants in Korea. It also plans to create a bio campus around the three plants to provide drug developers with one-stop service from clinical tests to commercial
HK inno.N announced that its gastroesophageal reflux disease treatment K-CAB Tab has been approved by the Health Sciences Authority of Singapore on Jan. 11.According to approval documents, the drug has four approved indications – the treatment of erosive gastroesophageal reflux diseases, the treatme
SK Inc., together with its life science affiliates including SK biopharmaceuticals and SK pharmteco, will hold a networking event to expand their global partnerships in the U.S., the world’s largest bio and pharmaceutical market. SK Inc. is the strategic investment holding company of Korea’s SK Grou
SK bioscience, a global innovative vaccine and biotech company, announced on Jan. 9 that the company's ‘SKYZoster’ shingles vaccine has been approved by the National Pharmaceutical Regulatory Agency (NPRA) in Malaysia.This is the second overseas approval of SKYZoster after Thailand in May 2020.S
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. Amid accelerating digital transition, cybersecurity has become ever more important, particularly due to the growing implications of a cybersecurity incident. Genians’ security solution business has b
Protium Science, a contract development and analysis organization (CDAO) in Korea, announced that it has signed a contract development and analysis service agreement with MUSTBIO, a biotechnology company specializing in multi-specific antibody platforms.Under the agreement, Protium Science, as a CDA
Samsung Electronics will connect 14 billion Samsung and non-Samsung devices around the world in the upcoming era of hyper connectivity to further enrich user experience, the company's vice chairman Han Jong-hee said in Las Vegas on Jan. 4 (local time).That day, Samsung Electronics unveiled its S
Korea Water Resources Corp. (K-water) announced on Jan. 5 that it is participating in CES 2023 along with 14 Korean water companies.The state-run water resource company introduced 10 innovative water technologies at the fair. It is participating in the event together with 14 Korean water companies,
SK hynix Inc. announced on Jan. 6 that its vice chairman and co-CEO Park Jung-ho discussed ways to strengthen cooperation with global tech companies including Qualcomm Technologies on the sidelines of the CES 2023 in Las Vegas.Park, along with SK hynix president and co-CEO Kwak Noh-jung and other ex
Nova One Advisor said in its recent report that the global biotech market would grow from US$1 trillion in 2021 to US$3.88 trillion in 2030. Fortune Business Insights recently said that the global medical hardware industry would grow from US$490 billion in 2021 to US$720 billion in 2029.According to
At CES 2023, Samsung Electronics and LG Electronics will showcase smart home technologies that connect home appliances with devices outside a home.A hyper-connected smart home is expected to emerge as the most popular subject at CES 2023.For several years, Korean tech giants such as Samsung and LG h
Samsung Electronics' future investment is expected to gain more momentum as the company is expected to receive tax cuts in the United States following Korea.According to local media reports, the board of directors of the Manor Independent School District (ISD) in Austin, Texas, approved Samsung
Coway Co. announced on Jan. 4 that it has been named a CES 2023 Innovation Awards Honoree by the Consumer Technology Association (CTA). The announcement was made ahead of CES 2023, the world’s most influential technology event, happening Jan. 5-8 in Las Vegas, NV.The CES Innovation Awards program, s
Amorepacific participated in the Asian Congress for Alternatives to Animal Experiments (ACAAE) held at the International Convention Center Jeju (ICC Jeju) from Dec. 14 to 16.At the event, Amorepacific held a seminar and shared the results of its research on alternatives to animal experiments and fut