Celltrion announced on Jan. 29 that it has completed its application to the U.S. Food and Drug Administration (FDA) for the approval of CT-P47, a biosimilar to the autoimmune disease treatment drug Actemra (ingredient name: tocilizumab). The application was based on the results of a global Phase 3 c
LG Energy Solution is advancing into securing next-generation lithium metal battery technology through equity investment in Sion Power, a U.S.-based battery development venture. On Jan. 25, LG Energy Solution announced its equity investment in Sion Power, located in Arizona in the U.S., and agreed t
In 2023, Hyundai Motor Company and Kia Corp. racked up more operating profit than Samsung Electronics, the country’s No. 1 company by market capitalization. The two automakers also posted a double-digit operating profit margin, higher than the company Tesla that is leading a global electric car boom
Hyundai Motor Group running Hyundai Motor and Kia Corp. is expected to have set a new sales record in 2023. It is also expected to claim the No. 3 global position for the second consecutive year.Hyundai Motor and Kia Corp. are expected to have logged record annual operating profits of 15 trillion wo
Military representatives from six of the countries operating the prestigious 155mm/52-calibre K9 Self-Propelled Howitzer (SPH), developed by Hanwha Aerospace, have convened in Helsinki, Finland, for the annual K9 User Club meeting.For this year’s meeting, the third of its kind since 2022, Finland, w
Lotte Biologics recently announced the signing of a strategic business agreement with NJ Bio, a U.S.-based Contract Research Organization (CRO) specializing in non-clinical and clinical contract research, to provide one-stop Antibody-Drug Conjugate (ADC) services. Established in 2018, NJ Bio, based
Samsung Biologics is expected to continue to post the highest growth rate in the global contract development manufacturing organization (CDMO) industry this year after posting record-high business results in 2023.A consensus forecast for Samsung Biologics’ revenue growth was 22 percent last year, ac
Pernod Ricard Korea, the Korean division of the wine and spirits company Pernod Ricard, will operate a pop-up space featuring Glenburgie, a single malt released by its modern classic Scotch whisky brand Ballantine’s, at Lotte World Mall Atrium from January 24 to February 12.Ballantine’s Glenburgie s
Huawei held a conference on the Top 10 Trends of Data Center Facility in 2024 and released the corresponding White Paper. At the conference, Yao Quan, President of Huawei Data Center Facility Domain, defined the three characteristics of future data centers: reliable, simplified, and sustainable. Yao
Hana Bank announced on Jan. 17 (local time) that it has been honored with the “Best Trade Finance Provider in Korea 2024,” an award presented by the global financial and economic publication Global Finance.With the latest award, Hana Bank has achieved a remarkable feat by winning the “Best Trade Fin
Minister of SMEs and Startups Oh Young-Ju met with the startup winners of the CES 2034 Innovation Awards on Jan. 18 for a discussion.The meeting, held at the Seoul Center for Creative Economy & Innovation, aimed to encourage the representatives of the winning ventures and startups and to listen to t
Samsung Electronics and SK hynix will build the world’s largest and best semiconductor mega cluster in the southern part of Gyeonggi Province with a total investment of 622 trillion won. The Korean government will support this project by creating infrastructure and an investment environment, strengt
The merger between Korean Air and Asiana Airlines, which has been dragging on for over three years, gained momentum by overcoming a significant hurdle. The European Union (EU) competition authorities, who had been rigorously reviewing the merger, have reportedly made a de facto approval decision.If
When Formula E calls, the Mexican fans answer that call in droves. More than 40,000 fans packed into the sold-out grandstands at Autodromo Hermanos Rodriguez in the city of 22 million inhabitants. Come the end of the race, they were celebrating a winning drive from Germany’s Pascal Wehrlein. The 29-
Seoul AI hub, supported by the Seoul Metropolitan Government, announced that 35 AI startups it supports participated in CES 2024, showcasing their AI-based products and technologies to the global market. Among these, startups that participated as part of Seoul AI hub’s global expansion support proje
Chey Jae-won, vice chairman of SK Group, stated on Jan. 10 (local time) that significant progress has been made in the development of cylindrical batteries. He also mentioned that while it’s challenging to predict the exact timing of SK on’s IPO due to internal and external conditions, it will proce
Vamos Formula E! This weekend, the ABB FIA Formula E World Championship gets Season 10 underway at a global metropolis with a population of roughly 22 million: Mexico City.The Hankook Mexico City E-Prix will take place on the 12th and 13th of January at Autodromo Hermanos Rodriguez in the Mexican ca
Chef Jimyung Lee of Park Hyatt Seoul, celebrated for his creativity and artistry, and Chef Narae Kim of Park Hyatt Paris-Vendôme, named the Best Pastry Chef of the Year by the French restaurant guide Gault & Millau, will jointly present "Four Hands Dessert: Taste of Seoul and Paris" on the top floor
SK hynix announced today that it will showcase the technology for ultra-high performance memory products, the core of future AI infrastructure, at CES 2024, the most influential tech event in the world taking place from January 9 through 12 in Las Vegas.SK hynix said that it will highlight its futur