Medytox announced on July 19 that it has signed a supply contract with Vietnamese local distributor PCVN for Neuraderm. PCVN, with over 500 hospitals and spas across Vietnam as its main points of sale, is a medical device and cosmetics distributor that supplies its own brands and partner company pro
On July 17, private equity fund (PEF) manager Hahn & Company announced its plans for a second public purchase aimed at acquiring Lutronic, a KOSDAQ-listed laser medical device specialist, with the intention of a merger and acquisition (M&A) and delisting.Hahn & Co plans to purchase 3,735,471 common
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Dental implant exports logged a new monthly high in June, with record-high exports continuing to major countries thanks to China’s VBP effects and Russia’s recovery. In addition, monthly exports of a
INMEDIC, a youth-led startup that promotes social inclusion of foreigners through increased access to local medical services, represented the Republic of Korea at the Regional Youth Co:Lab Summit 2023, jointly organized by Citi Foundation and the United Nations Development Programme (UNDP) in Bangko
Korea has ranked third in Asia in the global biopharma resilience index rankings in 2023. This represented a drop of two notches from 2021 when the COVID-19 pandemic was rampant. In the global rankings of 22 countries, Korea dropped sharply from 7th place to 12th over the same period. The decline wa
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn has virtually participated as a panelist in the academic workshop session of ‘Pandemic Product Research and Development: Insights from P
KT, the South Korean telecommunications giant, announced that it has hosted a joint digital health seminar with Hanoi Medical University in Vietnam.The seminar, which was conducted on July 11 under the theme of “Main Applications of Digital Health,” was attended by approximately 150 individuals from
President Yoon Suk-yeol attended a series of bilateral meetings with 13 national leaders during the NATO summit held in Vilnius, Lithuania on July 11 and 12 (local time). The discussions aimed to strengthen the supply chains of advanced industries such as semiconductors, electric vehicles, batteries
HK inno.N announced on July 10 that it has formally launched K-CAB (Tegoprazan), a new drug for gastroesophageal reflux disease, in Indonesia.The Indonesian product name is TEZA, and Kalbe, a large pharmaceutical company in Southeast Asia, is responsible for local marketing and distribution.Kalbe ac
New investments in venture startups plunged by one third in the first half of the year. The number of startups that received big investments plummeted.According to startup investment information platform TheVC, startups and SMEs received 2.819 trillion won (US$2.160 billion) in investment in the fir
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company has signed a Memorandum of Understanding (MOU) with the Government Pharmaceutical Organization (GPO), a state pharmaceutical enterprise in Thailand, to str
While Chinese people continue to be a burden on the finances of South Korea’s national health insurance, they also accounted for about 70 percent of foreign buyers of medical indemnity insurance in Korea. Moreover, they are collecting insurance benefits at a higher level than the average for all for
Fifteen companies, including GoPizza and Mathpresso, were selected as this year’s prospective unicorns after overcoming an 8-to-1 competition ratio. This year, a new global category was created for the could-be unicorns, and many startups that could play an active role in the overseas stage were sel
The world’s largest cosmetics company, L’Oréal Group, will take the lead in fostering K-beauty tech. A number of executives from the company’s headquarters visited Korea to discuss the details of the Big Bang Program launched in response to an open innovation business agreement signed with the Korea
IonQ, a leader in quantum computing, today announced that it will take part in "Quantum Korea 2023," which will gather leading global quantum innovators from June 26 to 29 at Dongdaemun Design Plaza (DDP) in Seoul.Founded on more than 25 years of pioneering research, the U.S-headquartered company wi
Samsung Chairman Lee Jae-yong, SK Chairman Chey Tae-won, Hyundai Motor Chung Eui-sun, and LG Chairman Koo Kwang-mo discussed bilateral cooperation on energy, biotechnology and future transportation in a meeting with French President Emmanuel Macron.The Korean business leaders met with President Macr
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.As a leader in mission-critical applications testing solutions, Suresofttech is benefiting from: 1) the growth of major client industries (auto, defense, nuclear); and 2) the addition of new client in
Twenty-five percent of households in Korea have pets such as dogs and cats and spend more than 150,000 won per month on their care.The number of pet-keeping households in Korea came in at 5.52 million as of the end of 2022, with one in four households having a pet, said the 2023 Korean Pet Report re
Providence Therapeutics Holdings Inc. ("Providence"), a biopharmaceutical company developing messenger RNA (mRNA) vaccines and therapeutics, today announced its mRNA drug discovery partnership with University Health Network (UHN), ranked first on a list of Canada's top 40 research hospitals by R
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.Some adjustments to Hyundai M&F’s capital and capital ratios appear unavoidable given financial authorities' IFRS17 guidelines. But, we view a recent correction in the firm’s share price as being