Showing unprecedented development speed, Samsung has succeeded in developing all biosimilars of the global three autoimmune disorder treatments, including of Humira, the best selling drug in the world.Samsung Bioepis, a biotech subsidiary of the Samsung Group, announced on July 6 that the global Pha
In May last year, the Chinese government approved of POSCO’s project for building a three million ton integrated steel mill with Chongqing Iron and Steel Company. POSCO is scheduled to take a licensing fee, on a yearly basis, for its FINEX technology to be used at the steel mill. The Korean steel co
The CJ Group announced that its Chairman Sohn Kyung-shik met with China National People's Congress Chairman Zhang Dejiang, who was invited to visit Korea by National Assembly Speaker Chung Ui-hwa, on June 12 at the CJ E&M Center in Sangam-dong, Seoul, to discuss cultural business cooperation.Soh
Samyang Biopharm, the Samyang Group's biopharmaceutical affiliate, announced on June 4 that it signed a contract with Seattle-based Compliment Corporation to introduce a technology for facilitating tumor penetration.The technology in question is a biomaterial named Opus, which plays a role in di
Thomson Reuters released a report titled “The Future Is Open: 2015 State of Innovation” on May 26, in which it listed the most innovative companies, research institutes, and technical fields by analyzing the patents and academic data made available for the past five years.Five companies (Samsung, Am
As part of its “Mogam Lecture Series,” the MOGAM Biotechnology Institute carried out a speech delivered by Nobel Prize-winning chemist Professor Robert Huber as its first speaker in the auditorium of the Green Cross R&D Center located in Yongin, Gyeonggi Province, on May 11.Professor Huber serve as
Visiting the U.S., China, and Europe in succession this year, Samsung Electronics Vice Chairman Lee Jae-yong is establishing a global network and making brisk management moves.He left for Europe from Gimpo Airport on his private jet on May 12 in order to attend the board meeting of Italian investmen
The Korean government will invest 177.2 billion won (US$164.2 million) in the industrialization of nanotechnology this year. The budget goes to seven techniques for industrial applications, including of that for manufacturing 3D nano-electronic devices used in intelligent robots and wearable smart d
Analyzing structural similarities between compounds derived from traditional oriental medicine and human metabolites, Korean scientists have found scientific evidence in the prescription principle of oriental medicine, which treats diseases with the synergistic effects of multiple compounds. On Marc
With new technology, Green Cross is expanding its business in China, following its expansion to the North American market, which is the largest pharmaceutical market in the world. On March 6, Green Cross signed an MOU with the Guizhou Province in China for investment in a project related to cell cur
Daewoong Pharmaceutical’s Olostar, a new combo drug that treats both high blood pressure and hyperlipidemia at the same time, is being introduced to the American market. The company announced that it signed an export contract of Olostar with Autotelic Inc. of the U.S.Olostar is an ARB+Statin complex
The Global Startup Center of the Ministry of Science, ICT & Future Planning will hold demo day events in the Netherlands, Belgium, Luxemburg, and France from March 23 to 27 to look for Korean startup business opportunities in European countries.At the events, IR sessions take place so that young Kor
The Small & Medium Business Administration (SMBA) signed an MOU with IDG Capital on Feb. 10 to raise a Korea Venture Fund worth 100 billion won (US$91 million). The Korea Venture Fund is the second Korean version of the Yozma Fund, following the 150 billion won (US$136 million) fund raised with DFJ
LG Group is establishing a national hub for its patents and intellectual property in North Chungcheong Province that will have acess to its 29,000 patents.Also, the LG affiliates have decided to invest 1.6 trillion won (US$1.47 billion) for three years in order to foster the growth of North Chungche
A research team led by Dr. Kwak Sang-soo at the Korea Research Institute of Bioscience & Biotechnology is receiving a lot of attention with their original research that can prevent desertification using crops. The research team studies crops and plants like sweet potatoes and alfalfa. They explain t
On Feb. 3, CJ Group Chairman Sohn Kyung-shik had a conversation with Jiang Zengwei, chairman of the China Council for the Promotion of International Trade (CCPIT), who is currently visiting Korea. As the CJ Group is seeing high growth in China every year through the localization of Korean media prog
CJ Cheil Jedang has started producing L-methionine in its plant. Earlier, the company and France-based Arkema jointly invested US$400 million (437.4 billion won) in the construction of a plant in Malaysia, which can produce 80,000 tons of L-methionine per year.The company announced that it is meanin
On Jan. 21 (local time), POSCO ranked 36th on on the 2015 Global 100 Most Sustainable Corporations in the World Index announced by the World Economic Forum (WEF). The ranking is the highest among Korean companies. Also, POSCO is the only steel company in the world on the list.Since 2005, the WEF ha
A joint Korean and U.S. research team has successfully developed a material to deliver a 3D vaccine that can more effectively treat diseases like cancer or infections by activating immune cells through injection.Kim Jae-yoon, professor of the School of Chemical Engineering at Sungkyunkwan University
President Park Geun-hye and Malaysian Prime Minister Najib Razak had a summit meeting in Seoul on Dec. 10 and agreed on the central role of Korean corporations in a bullet train project connecting Malaysia to Singapore to be kicked off in late 2015 or later. Also, they promised to continue mutual ex