Vingroup, Vietnam’s No. 1 business group backed by Korea's SK Group, has signed a memorandum of understanding (MOU) with Intel to jointly develop autonomous driving technologies. The two companies have decided to create a smart factory IoT solution for electric vehicles to be produced by Vingrou
Applied Materials (AMAT) of the United States, the world’s largest semiconductor equipment maker, has decided to establish an R&D center in Korea. Experts say U.S. President Joe Biden’s visit to Korea last month is accelerating cooperation between Korea and the United States in strengthening a semic
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. In 1H22, global pharma/bio indices have fallen due to: 1) a lack of industry growth momentum; 2) a decline in the value of Covid-19 beneficiaries; and 3) an unfavorable macroeconomic environment. In
LG Group will invest a total of 106 trillion won in Korea by 2026 to strengthen its capabilities in future growth areas, including batteries, next-generation displays and biotechnology. It aims to build a high-tech, high-value-added production and R&D core base in Korea.The group announced a mid- to
SK Group announced on May 26 that it plans to invest 247 trillion won, 179 trillion won at home and the rest abroad, for the next five years, focusing on the so-called BBC industries -- batteries, biotech and chips.SK Group decided to invest more than half of the total investment, 142 trillion won,
Major conglomerates, including the top 10 business groups, have come up with plans to invest more than 1,000 trillion won over the next five years in response to the new administration's business-friendly stance.Unlike the previous administration, which held back corporations through bulky regul
Pfizer has filed a patent infringement lawsuit against Samsung Bioepis with the Australian Federal Court to suspend sales of the latter's SB4, a biosimilar of Enbrel, which is an autoimmune disease treatment sold by Pfizer.This is the first time that Pfizer has filed a lawsuit against a Korean b
Daewoo Shipbuilding & Marine Engineering (DSME) has developed a system that can remotely control the temperature and humidity in the cargo hold of a liquefied natural gas (LNG) carrier, the company announced on May 9.The shipbuilder has applied the cargo hold environmental monitoring and remote cont
Hanmi Pharmaceutical's innovative new drug for acute myeloid leukemia (AML) has won a Fast Track designation from the U.S. FDA. The new drug, HM43239, was licensed out to Aptose, a U.S. biotech company listed on the NASDAQ, in November 2021.“The FDA’s Fast Track designation is a recognition of t
ST Pharm announced on May 3 that it has signed a lipid supply contract worth 17.7 billion won with Biotech in North America, starting its global mRNA consignment development and manufacturing organization (CDMO) business in earnest. Lipids are a key raw material for mRNA-LNPs. LNPs refers to lipid n
The Ministry of Trade, Industry and Energy announced on May 2 that exports from the domestic biotech and healthcare sectors totaled US$1.26 billion last month, the highest April figure and up 14.2 percent from a year ago.Last month, exports from the sectors increased year on year for the fifth conse
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. H.PIO specializes in health functional food manufacturing and branding. Premium brand Denps is expanding its product portfolio focusing on vitamin products. In addition to its solid main business, co
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. Hanmi Pharm posted consolidated 1Q22 sales of W321.1bn and OP of W38.7bn, in line with our estimates, thanks to Beijing Hanmi and business normalization amid the easing of the Covid-19 pandemic. Glob
The Presidential Transition Committee said that the new South Korean government is planning to come up with a 6G communications prototype in 2026 with the technology expected to be commercialized between 2028 and 2030.“When it comes to future economic growth drivers, the current government is focusi
Korea Hydro & Nuclear Power (KHNP) has submitted a proposal for a nuclear power plant project to Poland. KHNP officials will meet with Adam Guibourgé-Czetwertyński, undersecretary of state at the Polish Ministry of Climate and Environment, on April 21 to submit a project proposal. The Polish ministr
Kolon Life Science has licensed out its osteoarthritis cell gene treatment TG-C, also known as Invossa, to a new biotech company in Singapore in a deal worth up to 720 billion won.The company announced on April 13 that it has signed a 723.4 billion won (US$587.18 million) technology export contract
HanAll Biopharma and Daewoong Pharmaceutical announced on April 11 an expansion of their open collaboration strategy by investing in Turn Biotechnologies, a Silicon Valley based company focused on developing novel mRNA medicines. The companies are supporting Turn Bio’s continued development of a hig
Cell-gene therapeutics (CGTs) are emerging in the biotech industry and an increasing number of companies are focusing on the market segment.The Life Science Fund of Samsung recently decided to invest in Jaguar Gene Therapy. In the biotech fund, Samsung C&T, Samsung Biologics and Samsung Venture Inve
The Bank of Korea said in its report on March 30 that raw material procurement risks triggered by the war in Ukraine and China’s rise are currently the biggest concerns for South Korea’s new growth industries. According to the report, the industries are next-generation semiconductor, display, EV, re
Samsung Group has invested in Jaguar Gene Therapy of the United States to discover innovative technologies and secure competitiveness in the rapidly growing gene therapy market.The investment was made by a venture investment fund (SVIC No. 54 New Technology Business Investment) established in August