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
SK Bioscience announced on Dec. 24 that it has signed a contract manufacturing organization (CMO) and licensing deal with Novavax for the production and global supply of the U.S. biotechnology company's COVID-19 vaccine NVX-CoV2373. The contract will run until December next year.Under the contra
South Korea is aiming to surpass Japan and the European Union within 10 years in the 10 industries including artificial intelligence, 5G and 6G communications, biotech, robot, quantum, and aviation and aerospace.At present, the United States is planning to invest US$150 billion for five years in the
The Ministry of Trade, Industry and Energy and the Korea Biotechnology Industry Organization announced that exports from the biotech industry of South Korea increased 53.1 percent to 10.0158 trillion won last year and imports in the industry increased 13.4 percent to 2.3424 trillion won in that peri
The Electronics and Telecommunications Research Institute (ETRI) announced on Dec. 16 that it succeeded in controlling the Korea Institute of Industrial Technology's smart factory in Gyeongsan from its lab in Daejeon City.The distance between the two regions is approximately 280 kilometers. The
Baemin announced on Dec. 15 that it has started the world’s first robot-based restaurant-to-door food delivery at Alleyway Gwanggyo in Suwon.Until recently from August last year, the company provided its outdoor food delivery service at the same apartment complex. In this service, the role of Baemin
Moderna's COVID-19 vaccines produced by Samsung Biologics have obtained approval from the Korean Ministry of Food and Drug Safety. This means that the vaccines can be sold at home and abroad.The approved product is Spikevax, which is administered in the form of an injection. It is the first dome
Samsung Electronics has recently launched a robot business team to promote commercialization of home robots in earnest. It plans to roll out products as soon as possible, and large-scale investments in related businesses are also expected.The company has recently upgraded a task force for robot comm
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed POSCO announces decision to adopt holding company structure— On Dec 10, 2021, POSCO’s board of directors approved a plan for governance structure reform, including its conversion to a holding company struct
Samsung Electronics has recently announced its plan to merge the Consumer Electronics (CE) and IT & Mobile (IM) Divisions into the Set Division. According to experts, this is to further enhance connectivity between consumer electronics and smartphones.Samsung Electronics divided its hardware arm int
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. In 2021, New York Stock Exchange pharmaceuticals indices have proved solid, backed by strong profit generation at large pharmas that have benefited from Covid-19. Meanwhile, returns have come in weak
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Leadership reshuffle to help secure technological dominance We maintain BUY and TP of KRW100,000 on SEC. In a leadership reshuffle announced on Dec 7, the company revealed a reorganization of operational struct
The Korea International Trade Association announced that South Korea’s exports and imports for this year are estimated at US$636.2 billion and US$605.7 billion, up 24.1 percent and 29.5 percent from a year ago, respectively.“Exports exceeded US$500 billion for the fifth consecutive year and the trad