SK Innovation will reportedly supply batteries to an electric vehicle (EV) maker in China.SK Innovation recently signed a battery supply contract with Xiaofeng, an EV manufacturer in China. Xiaofeng is considered one of the top three EV companies in the country along with Nio and Lixiang and has rec
The city of Taylor in Williamson County, Texas is rapidly emerging as a strong candidate site for Samsung Electronics' new US$17 billion U.S. foundry plant.Officials of Samsung Electronics and the U.S. city will reportedly hold a meeting on Sept. 8 (local time) to discuss the construction of the
The South Korean government and presidential candidates are pursuing carbon neutrality by 2050 without considering practical difficulties on the part of industries.The National Assembly of South Korea passed the Framework Act on Carbon Neutrality and Green Growth on Aug. 31. The purpose of the bill
The Korea Pharmaceutical and Bio-Pharma Manufacturers Association announced on Sept. 5 that 193 out of the 299 South Korean companies in the industry are working on 1,477 new drug pipelines. For reference, 100 companies were working on 573 new drugs according to the association’s 2018 survey.The 1,4
South Korean pharmaceutical and biotech companies are increasingly utilizing AI and big data in the process of new drug development.JW Pharmaceutical is working on a new atopic dermatitis drug using AI and its Phase 2 clinical trial is scheduled for the second half of this year. C&C Research Laborat
AstraZeneca Korea, SK Bioscience and the Ministry of Health and Welfare had a comparator vaccine handover ceremony in Seoul on Aug. 31.The ceremony was for AstraZeneca to donate its COVID-19 vaccine for clinical research purposes so that Phase 3 clinical trials can be facilitated with regard to COVI
SK Bioscience announced on Aug. 30 that it has started administering the COVID-19 vaccine candidate "GBP510" to the first subjects in its phase 3 clinical trial. The company jointly developed the candidate drug with the Institute of Protein Design (IPD) at the University of Washington. This is the f
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Last week, the main opposition party’s presidential candidate, SY Yoon, pledged to supply 2.5mn units of housing during his term of office, including 300,000 units for young non-homeowners and 20
Corporate interest in microbiomes is growing as microorganisms in the human body such as germs, viruses, and molds can be used to treat cancer and other diseases.Accordingly, companies that used to make health enhancement foods and cosmetics using microbiomes are starting to develop treatments for d
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. The US has the largest insurance industry in the world, while the UK is the fourth largest. Between the two countries, they now represent almost 45% of the total world premiums in l
South Korean COVID-19 vaccine developers are having difficulties finding clinical trial volunteers.At present, a total of seven developers are doing clinical trials with their vaccine candidates and those include SK Bioscience and its GBP510, the third phase of which was approved on Aug. 10. In this
Volkswagen is searching for partners to supply electric vehicle batteries in Europe. The company announced in March that it would build six battery cell plants in Europe by 2030 and each plant would have a production capacity of 40 GWh, which is equal to the current production capacity of SK Innovat
SK Bioscience is about to enter clinical trial phase 3 with its COVID-19 vaccine candidate GBP510. The company has spent approximately 250 billion won in developing it and most of the cost has been provided by the Coalition for Epidemic Preparedness Innovations (CEPI) and the Bill & Melinda Gates Fo
SK bioscience is working on GBP510, a COVID-19 vaccine that is expected to be the first to be commercialized by a Korean company. It has become the first South Korean COVID-19 vaccine candidate in clinical trial phase 3 and the second candidate in the world employing the method of comparison in that
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. As part of his real estate policies for the upcoming 21st presidential election, Lee Jae-myung (governor of Gyeonggi Province) is pledging to supply more than 2.5mn housing units, 1mn units of wh
Edison Motors, an electric vehicle company seeking to acquire SsangYong Motor, has secured two PEF operators as financial investors (FI), easing concerns about its financing capability and forming a two-runner race with SM Group, another potential buyer of the troubled carmaker.Edison Motors signed
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. July CPI should prove that recent inflation increase is transitory, resulting in a withdrawal of Fed policy failure bets and bottoming out of US TB yields. Impacts from Koh Seung-beom’s departure sh
New York Senator Chuck Schumer announced on Aug. 3 that Samsung Electronics executives visited Genesee County and looked around the Western New York Science Technology Advanced Manufacturing Park last month. At present, Samsung Electronics is about to decide where to build its new U.S. plant at an i
While Samsung Electronics vice chairman Lee Jae-yong is expected to be released on Liberation Day, some civic groups are speaking up against it."Lee is likely to repeat crimes because there are contributing factors, including the succession of management rights, and he faces other trials regarding t
Samsung Electronics beat Intel and recorded the biggest sales in the global semiconductor industry in about three years. Industry watchers say that the former, which has approximately US$100 billion in cash on hand, is likely to increase its M&A investment to remain ahead of the latter.In the second