Chong Kun Dang's R&D spending reached 112.6 billion won in 2021, up 19.2 percent from 94.5 billion won a year earlier, according to the company's recently released quarterly report. The company's R&D investment crossed 100 billion won in the first three quarters of 2021.The ratio of R&D
Hankook & Company Co., the holding company of Hankook Tire & Technology Co., has appointed Kim Seong-jin as chief digital officer (CDO) to accelerate the group's digital transformation. As head of the Digital Strategy Department, Kim will establish an innovation model based on advanced digital t
The Electronics and Telecommunications Research Institute (ETRI) announced on Jan. 26 that it has developed Deep Learning Compiler Nest (NEST-C), AI system software that can solve compatibility and scalability problems between hardware and software.A compiler refers to a program that converts progra
A research team at the Center for Biomaterials (CBM) of the Korea Institute of Science and Technology (KIST) has developed a diagnostic platform that can detect COVID-19 virus as accurately as the polymerase chain reaction (PCR) method in 30 minutes, regardless of the mutation or variant.The researc
Hanmi Pharmaceutical announced its R&D plan for this year, including some 30 new drug pipelines currently under development, at the 40th J.P. Morgan Healthcare Conference on Jan. 12 (U.S. local time).The drugmaker also revealed its strategy to develop various new drugs, including a COVID-19 vaccine,
The Electronics and Telecommunications Research Institute (ETRI) announced on Jan. 13 that it has developed RISC-V eXpress as a platform with which RISC-V chips can be designed with greater ease and speed.“With the new platform for automated RISC-V chip design, fabless companies can design the chips
The Federation of Korean Industries announced on Jan. 12 that South Korea’s dependence on industrial materials and components and intermediate goods imported from China was higher than those of the United States and Japan in 2020.“That year, South Korea’s dependence amounted to 29.3 percent while th
Korea’s biotech venture ABL Bio has licensed out its new drug candidate to Sanofi, the world’s sixth-largest pharmaceutical company in France, in a deal worth up to 1.27 trillion won.“We have signed a technology transfer contract with Sanofi for Parkinson’s disease treatment ABL301,” ABL Bio said in
CMG Pharmaceutical, a subsidiary of Cha Biotech, announced on Jan. 11 that it has launched a graphene LED beauty mask and entered the homecare beauty and subscription business in earnest.The company's Grenos Graphene LED Mask is the first LED beauty mask in Korea based on nanographene technology
LG Electronics announced on Jan. 10 that it will cooperate with IBM to develop quantum computing, a rapidly-emerging technology that harnesses the laws of quantum mechanics to deliver a huge leap forward in computation to solve complex problems. It has come into the spotlight with the emergence of a
SK Pharmteco, SK Inc.’s contract development and manufacturing organization (CDMO) affiliate, announced its “Vision 2025” growth strategy at the 40th J.P Morgan HealthCare Conference on Jan. 10.SK Pharmteco took part in the Private Track for non-public companies at its first J.P Morgan HealthCare Co
A research team led by Jo Hyun-su at the Korea Research Institute of Bioscience and Biotechnology discovered that a substance from intestinal microorganisms kills colon cancer cells. According to the team, the discovery is expected to make a great contribution to microbiome-based colon cancer cure d
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. Hanmi Pharm is expected to post consolidated 4Q21 sales of W334.5bn and OP of W32.5bn. We cut our target EV/EBITDA multiple for domestic pharmaceutical peers and lower our estimate for the company’s
SK Group has entered the U.S. cell and gene therapy (CGT) contract development and manufacturing organization (CDMO) market. It has entered both the European and U.S. CGT CDMO markets.SK Inc., the group's holding company, announced on Jan. 9 that it has become the second-largest shareholder of C
Samsung Electronics vice chairman Han Jong-hee delivered a keynote speech at CES 2022 on Jan. 4. There, he stressed that the ultimate goal of technological innovation has to be sustainable daily living.“The application of our solar cell remote controllers, which were applied to our QLED products las
South Korea’s annual exports hit an all-time high of US$644.54 billion last year, with a year-on-year growth of 25.8 percent. In 2021, its annual imports exceeded US$600 billion for the first time in history and its annual trade value hit an all-time high of US$1.2596 trillion.The Ministry of Trade,
EOFlow Co., a Korean pharmaceutical company specializing in wearable drug delivery solutions, announced on Dec. 28 that its wholly owned U.S. subsidiary, EOFlow Inc. has signed an agreement to establish a joint venture in the U.S. with the U.K. biotech firm Zihipp Limited, a spin-off from Imperial C
LegoChem Biosciences has licensed out an anti-cancer drug candidate to a British pharmaceutical company in a deal worth up to 1.12 trillion won (US$944.3 million), the Korean biotech company announced on Dec. 27.LegoChem will receive US$50 million in down payment and technology fees, and up to US$1
The Korea Railroad Research Institute announced on Dec. 27 that it has developed an IoT technology for non-contact and automatic fare payment based on smartphone recognition.“The current recognition range of the smart payment system is about three square meters,” the institute said, adding, “We are
Yeonsu-gu of Incheon hosted the 5th International Conference on Learning Cities (ICLC) at the Songdo Conventia from Oct. 27-30, with some 2,000 representatives and officials from 229 member cities of 64 countries attending.While the world's biggest lifelong learning festival ended about two mont