Pernod Ricard Korea has announced the launch of ‘Ballantine’s 17 Year Old Artist Edition 2,’ a contemporary design created in collaboration with a world-famous artist.‘Ballantine’s 17 Year Old Artist Edition 2,’ the second limited artist edition following the first in 2019, has been created in colla
SK Group acquired a European gene and cell therapy (GCT) contract manufacturing organization (CMO) company in March. Now it is in talks to take over a U.S. company in the same business field.SK Inc., the group’s holding company, announced on Nov. 16 that it was in exclusive talks with the Center for
Korean consumers will soon be able to delight in easy to eat European pig meat products which are high quality, provide an excellent source of protein and vitamins, and are traced and guaranteed in terms of food safety.As part of its vision for the Korean market, the Pig Breeders Product Organizatio
The Consumer Technology Association announced CES Innovation Award winners in 27 sections on Nov. 10. The full list will be announced on Jan. 3 before CES 2022 scheduled for Jan. 5 to 8.Samsung Electronics won a total of 43 awards, consisting of 21 in video display, 11 in mobile, seven in consumer e
Korea Trade Insurance Corp. (K-Sure) has signed a business agreement with Hungarian Export-Import Bank (EXIM Hungary) to boost exports between the two countries.The agreement was signed at the Korea-Visegrad Group (V4) Business Forum held on Nov. 3 in Budapest. The Visegrad Group is a consultative b
CJ CheilJedang announced on Nov. 8 that it will acquire 50,807 shares of Batavia Biosciences, a Dutch biotech (BT) company, for 267.7 billion won to enter the global cell and gene therapy (CGT) contract development and manufacturing market.The scheduled acquisition date is Dec. 31. CJ CheilJedang wi
South Korean President Moon Jae-in attended the V4-Korea Business Forum in Budapest on Nov. 3 during his state visit to Hungary from Nov. 2 to 4. There, South Korea and the four countries, that is, Hungary, Poland, Slovakia and the Czech Republic signed seven MOUs for more collaboration in various f
Kolon Group has partnered with the Korea Institute of Science and Technology (KIST) to develop core technologies for hydrogen production and storage, next-generation secondary batteries, and drug delivery systems.“Until now, we have used expensive rare metal as catalysts in electrolyzing water to pr
CJ Group chairman Lee Jae-hyun has unveiled a plan to invest 10 trillion won in four major growth engine areas by 2023 to drive innovation and future growth. It is the first time in 11 years that Lee has come to the forefront and presented his vision.Lee appeared in an in-house broadcast program to
SK Group chairman Chey Tae-won has held a series of meetings with key U.S. political and business figures in Washington, D.C.Chey visited Washington, D.C. from Oct. 27 to Nov. 1 (local time) and met with political and business figures, including Republican Senate floor leader Mitch McConnell, to dis
People Power Party lawmaker Yun Chang-hyun remarked on Nov. 2 that the short selling trading value in the South Korean stock market totaled 65.954 trillion won in the period of May 3 to Oct. 18 and the figure is divided into more than 50 trillion won in KOSPI and close to 16 trillion won in KOSDAQ.“
German life science giant Sartorius will invest US$300 million to build a biopharmaceutical raw material plant in Songdo International City of the Incheon Free Economic Zone (IFEZ).IFEZ Authority announced on Nov. 2 that the German company signed an MOU on facility investment in Songdo with the Kore
Today’s Incheon Chamber of Commerce & Industry was established on Nov. 25, 1930 after the establishment of its predecessor in July 1885. For as long as 136 years, the chamber has played a leading role in the development of the regional economy of Incheon. At present, its 24th chairman Shim Jae-sun i
Incheon Free Economic Zone (IFEZ) Authority celebrated its 18th anniversary on Oct. 15. IFEZ was designated as Korea's first free economic zone (FEZ) in August 2003. IFEZ Authority opened in October of the same year under the Korean government’s strategy of strengthening national competitiveness
Incheon is becoming a global city that drives the growth of South Korea. The following is an interview with Park Nam-chun, the city's seventh popularly elected mayor who took office in July 2018. -- Ed.The Ministry of SMEs and Startups picked Songdo, Incheon as the sole final candidate for the K
South Korean unicorns such as Viva Republica, Zigbang, Yanolja and Musinsa are expanding their business by acquiring startups and subsidiaries of larger companies.For example, Viva Republica, which runs Toss, recently acquired Tada in order to expand its business beyond the financial industry and do
Cerecin Inc., a clinical-stage biotechnology company pioneering innovative neurotherapeutics, announced on Oct. 19 that it has raised US$40 million in an oversubscribed round of financing. A Series II investment was initially made by long-term investor, Nestle. In follow up to this round, Series IIA
South Korean pharmaceutical and biotech companies’ technology exports to China, one of the largest markets in the industry, are showing a rapid increase these days.The Korea Pharmaceutical and Bio-Pharma Manufacturers Association announced on Oct. 17 that such contracts signed this year add up to 2.
The authors are analysts of Shinhan Investment Corp. They can be reached at sehunjang@shinhan.com and shawn1225@shinhan.com, respectively. -- Ed. Global biotech company focused on antibody drugs like anti-FcRnHanall Biopharma manufactures and sells medicines and focuses on R&D of new antibody drugs.
Samsung Electronics unveiled plans for continuous process technology migration to 3- and 2-nanometer (nm) at its 5th annual Samsung Foundry Forum (SFF) on Oct. 7.The company said it is scheduled to start producing its customers' first 3nm-based chip designs in the first half of 2022, while its s