Celltrion announced on April 11 that “Zymfentra” (the U.S. brand name for Remsima), the world’s first subcutaneous formulation of infliximab for the treatment of autoimmune diseases developed in-house, has completed its formulation patent registration with the United States Patent and Trademark Offi
U.S.-based semiconductor company Intel has declared a counteroffensive in the AI semiconductor market led by Nvidia. Intel plans to create an open platform for AI development that rivals Nvidia’s semiconductors and AI development platform, aiming to form a new alliance system. For this purpose, Inte
GC Cell, a fully integrated cell therapy pioneer, has announced poster presentations from studies of its preclinical study of GL205 (GCC2005), a CD5 CAR-NK targeting malignant T-cell lymphoma, and real-world data for the anticancer immunotherapy drug ‘Immuncell-LC’ at the AACR Annual Meeting 2024 th
As the commercialization of all-solid-state batteries, often referred to as the “battery of dreams,” approaches, Korean battery materials companies are pumping up their efforts to build an ecosystem.According to industry sources on April 10, Samsung SDI recently started building a domestic supply ch
As Hanwha Ocean assumes control of wind power generation and plant operations from Hanwha Corporation, it is initiating a full-scale expansion of its offshore wind value chain.According to industry sources on April 8, Hanwha Ocean is poised to acquire the wind power business from Hanwha Corporation’
Recent opinion polls suggest that former President Donald Trump is leading in the race in swing states among potential candidates for the upcoming November U.S. presidential election, raising concerns about trade pressure from the United States. During his tenure, former President Trump considered t
LG Energy Solution is investing 7.2 trillion won to build a battery production plant in Arizona in the U.S. This investment represents the largest single battery plant investment in history. Despite concerns about a “chasm” in the electric vehicle market, which refers to a temporary slowdown in mass
Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of South Korea-based SK hynix Inc., the world’s leading producer of High-Bandwidth Memory (HBM) chips, today as the company announced plans to establish
As the announcement of Samsung Electronics’ preliminary results for the first quarter of the year approaches, the success of the Galaxy S24 series, highlighted by its artificial intelligence (AI) features, is raising expectations for the company’s performance.According to market research firm Counte
GS Engineering & Construction(GS E&C) announced on April 3 that it has secured a contract for the Fadhili Gas Increment Program Package 2, specifically for the sulfur recovery processing facilities construction, ordered by Saudi Aramco, the state-owned oil company of Saudi Arabia. The contract is va
The second factory of Ultium Cells, a joint venture between LG Energy Solution and General Motors (GM) for electric vehicle batteries, has commenced commercial operations. LG Energy Solution has decided to continue proactive investments, particularly in North America, as part of its strategy to soli
Kolmar Group’s holding company, Kolmar Korea Holdings, is changing its name to Kolmar Holdings. This change reflects its aim to expand into the global market and establish its identity as an integrated brand.Kolmar Korea Holdings held a shareholders’ meeting on March 29 and decided to change its nam
In the past 2-3 weeks, a shortage of enterprise solid-state drives (SSDs), a NAND flash memory product, has been observed. This is due to the AI boom and the subsequent construction of data centers by global big tech companies, with a particularly explosive increase in demand for storage devices nee
With the passing of Hyosung Group Chairman Emeritus Cho Seok-rae on March 29, his sons, Chairman Cho Hyun-joon and Vice Chairman Cho Hyun-sang, are expected to take the helm of the business group.Hyosung Group formalized the establishment of a new holding company through its board of directors in Fe
As large offshore wind power projects are being actively pursued in South Korea, it is estimated that investments could reach up to 100 trillion won by 2030.According to the Ministry of Trade, Industry and Energy, the government aims to deploy offshore wind power facilities with a total capacity of
Samsung Electronics and LG Electronics are both making strides in the smart factory sector.According to market research firm MarketsandMarkets on March 31, the global smart factory and automation industry market size is expected to grow from US$86 billion in 2022 to US$140.9 billion by 2027. Markets
Huawei released its 2023 Annual Report today. The company reports that its performance was in line with forecast, having generated CNY704.2 billion in revenue and CNY87 billion in net profits. Throughout the past year, Huawei's ICT infrastructure business remained solid, and its consumer business me
According to sources in the shipping industry on March 28, Gemini Cooperation, a shipping business alliance between the world’s No. 2 shipping company Maersk and No. 5 Hapag-Lloyd to go live in February next year has proposed a plan to exclude Busan Port of South Korea and ports of Japan, Vietnam, a
Danggeun Market (Karrot), the publisher of South Korea’s local super app ‘Karrot’, achieved record-high revenue and its first turnaround since its establishment. Danggeun Market’s accomplishments are impressive, especially considering they were achieved during a global economic downturn. The company
Samsung Electronics has introduced a sample version of its next-generation graphics DRAM, GDDR7. Graphics DRAM, along with High Bandwidth Memory (HBM), is considered a profitable product in the Artificial Intelligence (AI) memory lineup.According to industry sources on March 28, Samsung Electronics