EOFlow Co., a provider of wearable drug delivery systems (DDS), announced on Oct. 24 that it would invest 36.9 billion won in its U.S. subsidiary EOFlow, Inc.The majority of this investment in EOFlow, Inc., approximately 31 billion won, will be used for collecting loans given by EOFlow to its U.S. s
SK bioscience announced on Oct 21 that it has hired Harry Kleanthous, senior program officer of the Bill & Melinda Gates Foundation, as vice president of vaccine R&D strategy and external innovation of SK bioscience USA, its U.S. subsidiary.Kleanthous has served as vice president of Acambis Inc., a
The authors are analysts of KB Securities. They can be reached at hyg0619@kbfg.com and hdsung@kbfg.com, respectively. -- Ed. Property to be acquired for new plant— On Oct 17, Yuil Robotics announced that it will acquire a KRW26.0bn property.— The acquisition is a massive investment, equivalent to 68
Korean electric vehicle (EV) battery makers are stepping up their efforts to reduce their reliance on raw materials from China. LG Energy Solution announced on Oct. 20 (local time) that it has signed an MOU with Syrah Resources Limited in Australia on the supply of natural graphite.The Australian co
LG Chem announced on Oct. 18 that it has decided to acquire AVEO Pharmaceuticals in the United States. The U.S. drugmaker has a patent on a kidney cancer treatment. This will mark the first time for a Korean company to take over a company that has developed a new drug approved by the U.S. Food and D
The South Korean government announced on Oct. 18 that it has increased the number of national key strategic technologies and techniques in the material, component and equipment industries from 100 to 150.In 2019, the Japanese government implemented export restrictions against South Korea in the semi
Shinhan Financial Group announced on Oct. 14 that MUST. CONNECT SINGAPORE took place at the Singapore Science Park on Oct. 12 and 13.The event is for startup networking promotion between South Korea and Singapore and is organized by the group, the Ministry of Trade, Industry and Energy and the Inche
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed. Maintain BUY, target price of KRW1,200,000 We maintain BUY and TP of KRW1,200,000 on Samsung Biologics. The stock deserves attention because (1) 3Q22 earnings should beat the market consensus, (2) growth momen
SK Bioscience has decided to incorporate a subsidiary in the United States, a move designed to accelerate innovation and growth and to secure a biotech production base in the U.S.The decision to set up SK Bioscience USA was made on Oct. 1. Kim Hoon, SK Bioscience’s chief technology officer (CTO), wi
SK Inc., the holding company of SK Group, is increasing domestic production in order to increase its presence in the global pharmaceutical contract development and manufacturing (CDM) market.SK Biotek announced on Oct. 4 that its new facilities in Sejong City were put into operation last month. SK B
Huawei and Dronetech, Austria's largest drone service provider, announced on Oct. 5 new applications resulting from their collaboration in 5G smart farming.At the Nussböckgut vineyard, a centuries-old estate in Upper Austria that was first mentioned in a document in 1323, the two companies provi
The Korea Exchange announced on Oct. 3 that the average daily short selling in KOSPI was 490.6551 billion won last month, up 40.46 percent from the previous month. In this market, the number of stocks showing excessive short selling was six in August but doubled in September, when the average daily
Samsung Electronics has unveiled its plans to introduce the 2-nm foundry process in 2025 and 1.4-nm process in 2027.The company announced a strengthened business strategy for its foundry business at the annual Samsung Foundry Forum event held in San Jose, California, on Oct. 3 (local time).Samsung h
Pernod Ricard Korea has launched ‘Redbreast,’ an ultra-premium craft whiskey that is made in the unique Irish style of single pot still.Single pot still whiskey is a unique category from Ireland. It is a method in which both malted barley and barley is distilled using a copper single pot still whisk
Samsung Electronics saw its share of the global foundry market increase in the second quarter of this year, while Taiwan's TSMC, the world’s No. 1 foundry company, suffered a setback.TrendForce released second-quarter market share rankings of the top 10 global foundry giants on Sept. 27. TSMC re
Korea's semiconductor industry still has a long way to go as its share of the global fabless market is a mere 1 percent, an industry expert pointed out in a recent seminar held at the National Assembly.“The size of the global semiconductor market stood at US$556 billion in 2021, with system semi
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Earnings at Kooksoondang have continued to improve thanks to price hikes for Makgeolli and Baekseju products. Once the government’s deregulation measures (regarding inclusion of Makgeolli as a tra
Spectrum Pharmaceuticals, a U.S. biopharmaceutical company that has licensed poziotinib from Korea's Hanmi Pharmaceutical, announced on Sept. 22 that the U.S. Food and Drug Administration’s (“FDA”) Oncologic Drugs Advisory Committee (“ODAC”) met to review poziotinib for the treatment of patients
The authors are analysts of Shinhan Investment Corp. They can be reached at shawn1225@shinhan.com and jhwon@shinhan.com, respectively. – Ed. Celltrion unlikely to be hit by follow-up measures of the executive orderUS President Joe Biden on Sept. 12 signed an executive order for the launch of a natio
At HUAWEI CONNECT 2022 on Sept. 21, Kim Jin, vice president of Huawei Optical Business Product Line, delivered a keynote speech entitled "F5G Evolution, Reshaping Industry Productivity" in which he laid out his vision that F5G will primarily evolve across three new industry scenarios, and released t