The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.In November, the number of DeepCARS installed in general hospitals exceeded the expectation level of 55. Penetration into 65 hospitals (11 tertiary hospitals) is expected within the year. We see 4Q23
Seven key areas have been proposed to lead Korea’s future in 2040. On Nov. 14, the National Academy of Engineering of Korea (NAEK) hosted the Industrial Strategy for Tomorrow (IS4T) Forum at Josun Palace Hotel to share the results of its research on global future scenarios about 2040 and Korea’s res
The Korean government has withdrawn its controversial proposal to revise working hours to a maximum of 69 hours a week and will maintain the current 52-hour workweek while providing improvement measures for some industries and occupations.The Ministry of Employment and Labor announced the results of
Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, announced that it has launched its blood-based colorectal cancer screening test, ShieldTM, in collaboration with Samsung Medical Center in South Korea.Colorectal cancer (CRC) is one of the most commonly diagnosed cancers and t
Preciseley Microtechnology Corporation (PMC), a Canadian optical specialist and a subsidiary group of Hankook & Company Group, has announced it has obtained ISO 9001:2015 certification, the international quality management systems standard established by the International Organization for Standardiz
Starting next year, foreign residents in South Korea seeking eligibility for health insurance as dependent beneficiaries must have a minimum of 6 months of residency.According to the Ministry of Health and Welfare and the National Health Insurance Service on Oct. 26, an amendment to the Health Insur
Medytox announced on Oct. 24 that it has withdrawn its application to China’s National Medical Products Administration (NMPA), which was filed in 2018 for the import of its Meditoxin product (export name: Neuronox). Instead, the company will actively push for its entry into the Chinese market with i
President Yoon Suk-yeol will visit Saudi Arabia and Qatar on a four-day, six-night state visit starting on Oct. 21. This will mark the first time a Korean head of state has paid a state visit to Saudi Arabia and Qatar.President Yoon will arrive in Riyadh, the capital of Saudi Arabia, on Oct. 21 (loc
The Korea Institute of Ocean Science and Technology (KIOST) announced on Oct. 18 that it has discovered a peptide, or short chain of amino acids linked by peptide bonds, that inhibits the formation of amyloid-β plaques, a known cause of dementia, in the venomous protein of jellyfish. The institute h
South Korea has signed a Free Trade Agreement (FTA) with the United Arab Emirates (UAE), marking its first such agreement with a Middle Eastern country and its 24th FTA overall.The Ministry of Trade, Industry and Energy announced that Ahn Deok-geun and Thani bin Ahmed Al Zeyoudi concluded Comprehens
Incheon Free Economic Zone (IFEZ) celebrates its 20th anniversary on Oct. 15, marking two decades of steering South Korea’s economic growth.Incheon Free Economic Zone (IFEZ), composed of Songdo, Cheongna, and Yeongjong International Cities, was designated as South Korea’s first free economic zone on
KT has set its sights on extending the wireless quantum encrypted communication data transmission range from the current 2 km to 10 km by next year. Achieving lossless data exchange up to a distance of 10 km, from the ground to the stratosphere, could significantly reduce the potential hacking threa
A U.S. court has approved a request to halt sales of the automatic insulin injection device EOPatch developed by EOFLOW. According to industry sources on Oct. 11, the District Court of Massachusetts accepted an injunction application on Oct. 6 related to a lawsuit over overseas intellectual property
While the number of foreign nationals subscribing to domestic personal medical insurance is on the rise, it has been observed that the incurred losses and loss ratios of foreign policyholders under personal medical insurance have also increased.According to the “Status of Foreign Nationals’ Personal
Yuhan Pharmaceuticals’ lung cancer drug Leclaza has demonstrated enhanced efficacy when combined with Johnson & Johnson’s (J&J) lung cancer treatment. Detailed data is set to be presented at a global conference on Oct. 23, heightening market anticipation.According to industry sources on Oct. 4, Yuha
At its "F5G Evolution, Bringing Intelligence Everywhere" Summit held during HUAWEI CONNECT 2023, Huawei shared its F5G application practices with global customers and partners in industries spanning electric power, education, real estate, manufacturing, and healthcare. Furthermore, it launched a var
On Sept. 20 (local time), the Chong Kun Dang Kochon Foundation announced that it had held the “17th Kochon Prize Ceremony” at the U.N. Headquarters in New York on Sept. 21.This year, the Kochon Prize focused on the theme of “Recognition for medical professionals who do not give up on tuberculosis tr
Therawave, a premium home care device brand, which enables the popular dermatological procedure, (Local Dynamic Microwave) lifting conveniently at home, is launching on September 18, 2023, and has appointed Kim Sa-rang as the brand ambassador.Therawave applies the technology of professional medical
The approximately US$6 billion (7.97 trillion won) in Iranian oil export revenues that had been tied up in South Korean banks due to U.S. sanctions have been successfully transferred to Iran’s account in a Qatari bank via Swiss accounts. Iran can now use these transferred funds for the purchase of h
Celltrion announced on Sept. 19 that it is focusing on securing various platforms and pipelines including oral antibody therapeutics, antibody drug conjugates (ADCs), new antibody drugs, bispecific antibodies, microbiomes and anti-cancer virus platforms through development and research as well as op