Broadcasting Industry Promotion Week 2019 kicked off on Sept. 23 at the Seoul Dragon City Hotel located in Yongsan. At the opening ceremony of the event, the Ministry of Science and ICT declared the commencement of pilot terrestrial UHD services for pre-disaster warning. Receivers for the purpose we
S-Energy Co., a Korean renewable energy solution company, is entering the solar power market in Hungary.The firm announced on Sept. 19 that it has signed a memorandum of understanding (MOU) with Profiszolar, the premium solar power installer in Hungary, to supply US$10 million (11.94 billion won) wo
The Korea Electronics Technology Institute (KETI) announced on Sept. 17 that it has signed a memorandum of understanding with Korea Western Power Co. (KWP) to cooperate in promoting the eco-friendly power industry and smart power plants based on the two firms’ expertise.Under the agreement, the two
CJ Healthcare announced on Sept. 18 that it has signed an agreement with Indonesian drug company Kalbe Farma to supply K-CAB (the ingredient name Tegoprazan), a new drug for gastroesophageal reflux disease (GERD).Under the agreement, CJ Healthcare will supply K-CAB to Kalbe Farma for five years afte
The Ministry of Science and ICT of South Korea and the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) of Saudi Arabia signed a memorandum of understanding (MOU) in Vienna, Austria on Sept. 17. The purposes of the MOU include assistance for approvals in Saudi Arabia related to South Ko
Concerns over drone-based terrorist attacks are rising in South Korea with Saudi Arabian oil facilities compromised by unidentified drones. Experts point out that the government would be well advised to take measures to better protect nuclear power plants, semiconductor manufacturing plants, and oth
South Korean biosimilar drugs are contributing to medical expense reduction in the United Kingdom. These drugs are the same as original medicines in efficacy and safety but are more than 30 percent cheaper.The expenses for medicines and medical supplies fell 294 million pounds (US$367.32 million or
A number of research institutions in South Korea are actively conducting research and development on next-generation solar cells, heightening expectations for commercialization.Global investment in renewable energy production capacities came to US$2.60 trillion (3,103.36 trillion won) during the dec
The safety of nuclear power generation in South Korea is being called into question with nuclear power plants allowed to be put back into operation stopping one after another.Korea Hydro & Nuclear Power announced on Sept. 7 that Shin-Wolsong Unit 2, a pressurized water reactor with a capacity of one
The Korean government has decided to promote international cooperation to cope with the possibility of the Japanese government discharging contaminated water at its crippled Fukushima nuclear power plant into the Pacific Ocean.The Seoul government is moving to raise the international community's
Korea Hydro & Nuclear Power Co. (KHNP) announced on Aug. 27 that it has received a design certificate on the APR-1400 Nuclear Reactor from the U.S. Nuclear Regulatory Commission (NRC) on Aug. 26 (local time).The certification, valid for 15 years, states that the NRC finds the design of the Korean-ty
Boryung Pharmaceutical Co. announced on Aug. 27 that it has received approval for Phase 1 clinical studies on its anti-cancer therapy “BR2002” from the U.S. Food and Drug Administration (FDA). The Phase 1 clinical trial will be conducted on 90 patients with non-Hodgkin's lymphoma tumors. It is d
With the General Security of Military Information Agreement (GSOMIA) terminated, the Japanese government is expected to put pressure on South Korean industries by slightly increasing the number of items subject to export restrictions or delaying export inspection procedures rather than coming up wit
The United Kingdom and South Korea signed a bilateral FTA in London on Aug. 22. The agreement is comparable in level to the South Korea-EU FTA and South Korean companies can export their products to the United Kingdom as before even if Britain exits the European Union in late October this year.The F
Seoul Semiconductor has officially apologized for the recent radiation exposure accident."The Nuclear Safety and Security Commission is looking into the accident and has confirmed that seven workers are suspected of being exposed to radiation," Seoul Semiconductor said in a statement released on Aug
Boryung Pharmaceutical Co. announced on Aug. 19 that it has started selling its new antihypertensive combination drug Arahkor Duo, known as Dukarb in South Korea, in Mexico.Arahkor Duo is the third drug that Boryung launches in Mexico after Arahkor, known as Kanarb in South Korea, in 2014 and Diarak
As the South Korean private equity fund (PEF) industry has grown in size at a rapid pace over the past decade, it is suffering “growing pains.” One symptom is the appearance of PEF products that allured investors with high returns but are about to make a huge loss. Another is the emergence of PEFs t
POSCO announced on Aug. 13 that its cryogenic high-manganese steel has been approved by the Ministry of Trade, Industry and Energy for use as a material for land LNG storage tanks.POSCO has developed the high-manganese steel for the first time in the world. The new product can exhibit an excellent p
Daewoong Pharmaceutical Co. announced on Aug. 13 that it has received U.S. Food and Drug Administration (FDA) orphan drug designation (ODD) for DWN12088, a candidate drug for patients with idiopathic pulmonary fibrosis (IPF).DWN12088 is an oral IPF therapy with a mechanism that selectively inhibits
Liberty Korea Party leader Hwang Kyo-ahn said on Aug. 12 that the South Korean government has to take an effective measure to provide against North Korea’s nuclear weapons. The measure he implied is nuclear armament. With the North having launched a series of missiles, the party is advocating redepl