SK telecom announced on Jan. 17 that it has signed a memorandum of understanding (MOU) with Vetology Innovations of the United States, targeting the U.S. market with its product, named X Caliber, during the world’s largest veterinary event, VMX2024, currently underway in the U.S.X Caliber is a diagn
Hugel announced on Jan. 16 that it recently acquired product approval for its botulinum toxin Letybo (Botulax) in Lithuania, Bulgaria, Iceland, and Croatia.Earlier, after receiving a product approval opinion from the Heads of Medicines Agencies (HMA) in January 2022, Hugel successfully launched in t
Dong-A ST announced on Jan. 10 that it signed a business agreement with Eleven Therapeutics to develop RNA-based gene therapies. The agreement was finalized at the J.P. Morgan Healthcare Conference in San Francisco on Jan. 9.The collaboration will focus on discovering RNA therapies targeting fibroti
Hanwha's multipurpose unmanned ground vehicle (UGV), the Arion-SMET, has completed a week-long field test conducted by the US Marine Corps and US Army. This accomplishment marks a significant milestone for the robotic vehicle, positioning it as a potential contender in the global UGV market.The fiel
The landscape of venture investment, including startups and other unlisted companies, has undergone significant changes after enduring a cold spell lasting more than a year and six months. Instead of Software as a Service (SaaS), the rise of manufacturing industries such as semiconductors has become
SK telecom is undergoing a complete transformation into an “Artificial Intelligence (AI) company,” expanding its global business ventures. Following an organizational restructuring in June, the company has now finalized a reorganization focused on strengthening AI and global business operations. Thi
Korea and the Gulf Cooperation Council (GCC) have finalized negotiations on a free trade agreement (FTA). The Korea-GCC FTA is Korea’s twenty-fifth FTA and the second with the Arab world after the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA). As Korea has gain
Inception Lab,Artificial Intelligence Computer Diagnosis Research Lab in Korea, will receive an innovation award at CES 2024 in Las Vegas, USA, scheduled for January next year.The Consumer Technology Association (CTA), the organizer of CES, evaluates and awards innovation prizes to outstanding produ
For the first time in four years, business leaders from South Korea and China are meeting in Seoul to identify industries for cooperation between the two countries and to discuss future initiatives such as supply chain cooperation and carbon neutrality.The Korea Chamber of Commerce and Industry (KCC
Celltrion announced on Dec. 18 that it has received approval from the Pharmaceuticals and Medical Devices Agency (PMDA) of Japan for a Phase 1 clinical trial plan (IND) for CT-P55, a biosimilar of the psoriasis treatment Cosentyx (active ingredient: secukinumab).CT-P55 is a new autoimmune disease bi
The government has set a goal to expand the K-Robot market to a scale of 20 trillion won by 2030 as the future growth engine. A combined investment of over 3 trillion won from both public and private sectors is planned with the objective of deploying one million robots across various industries, inc
Celltrion Healthcare is expanding its presence in the United States, the world's largest pharmaceutical market, with its biosimilar of Avastin for metastatic colorectal and breast cancer, known as Vegzelma (active ingredient: bevacizumab).On Dec. 12, Celltrion Healthcare announced that Vegzelma was
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the updated COVID-19 vaccine (NVX-CoV2601) developed by Novavax, a global company advancing protein-based vaccines with its Matrix-M adjuvant, has begun to be supplied
KT announced on Dec. 1 that it had swept two categories at the GLOTEL AWARDS 2023 held in London, the U.K., on Nov. 30 (local time). Nominated in four categories -- 5G Future Vision, 5G Specialized Network Project of the Year, Best Telecommunications Operator, and Security Solution of the Year -- KT
Wontech Co., Ltd. announced on Nov. 29 that it has completed the Canadian Health Authority Medical Device License (MDL) approval for The Oligio, the next-generation version of its RF blockbuster Oligio.This approval enables sales of The Oligio in Canada, and is expected to contribute to the strength
SK Life Science, Inc., a subsidiary of SK Biopharmaceuticals Co., Ltd., an innovative global pharmaceutical company focused on developing treatments for central nervous system (CNS) disorders and oncology, will present data on cenobamate at the American Epilepsy Society (AES) Annual Meeting, to be h
JW Holdings has commenced the full-scale export of “WINUF Central 736-1085 ml,” a three-chamber comprehensive nutritional fluid product, to Asia Pharma LLC in Mongolia, as announced on Nov. 28.JW Holdings, overseeing JW Group’s global operations, had previously secured an exclusive supply contract f
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.When will global bio indices bottom out? Even if the rankings of the two largest pharmas have changed amid robust sales growth, the S&P500 Healthcare Index has continued to slide this year. We view t
Waycen (CEO Kim Kyung-nam), a company specializing in AI MEDTECH, proved to be the next-generation global innovation company by winning three CES innovation awards ahead of the world's largest IT exhibition "CES 2024" in Las Vegas in January next year.According to the results of the CES 2024 Innovat