The Korea Institute for International Economic Policy (KIEP) said in its report on Feb. 18 that Covid-19’s adverse impact on South Korea will be second only to that on the United States unless the spread of the virus is contained in the near future, this is because South Korea and China are very clo
Prof. Kang Yong-mook at the Department of Materials Science and Engineering of Korea University and Dr. Wanli Yang at the Lawrence Berkeley National Lab in California discovered anion oxidation and reduction in LiNi1/3Co1/3Mn1/3O2 (NCM) for the first time in the world. The performance and stability
The Korea Fair Trade Commission has conditionally approved the acquisition of GE’s biopharmaceutical business unit by U.S. medical equipment manufacturer Danaher Corp.The commission announced on Feb. 4 that it looked into the case and approved the acquisition on condition of imposing a corrective me
The Korean government says that it will revitalize the economy through regulatory innovation, but companies leading new industries are caught in the trap of excessive regulations.In the field of biotechnology, which constitutes a key growth engine in the 4th Industrial Revolution era, many regulatio
SKC is expected to wrap up the acquisition of copper foil maker KCFT early next month. When the acquisition process is completed, SKC is planning to promote the establishment of KCFT’s production facilities in Europe.SKC is speeding up its business reorganization, including the separation of its che
The government-proposed amendments to the Enforcement Decrees of the Commercial Act and the Capital Markets Act will let the Korean government infringe upon the autonomy of business management with a lower law violating a higher law, panelists pointed out at a seminar organized by the Federation of
The Institute for Basic Science announced on Dec. 2 that its Center for Integrated Nanostructure Physics, led by director Lee Young-hee, has developed a two-dimensional material as thin as an atomic layer and generating more electricity in proportion to light energy.The material is expected to impro
SK Innovation has filed a suit against LG Chem with the Seoul Central District Court to have the latter withdraw a patent lawsuit and compensate for damages, the company said on Oct. 22.According to SK Innovation, LG Chem has recently filed a patent lawsuit with the U.S. International Trade Commissi
Lotte Group officials heaved a sigh of relief on Oct. 17 as its chairman Shin Dong-bin has avoided the worst case scenario of being imprisoned in connection with a graft scandal. The group pledged to reform itself to become a trustworthy enterprise.On the day, the Supreme Court overruled the High Co
Lotte Group is selling its financial subsidiary, Lotte Capital, to its Japan-based subsidiary. Accordingly, the group has sold all of its financial subsidiaries to meet the regulatory requirements of the Monopoly Regulation and Fair Trade Act.Lotte Corp., the holding company of Lotte Group, said on
Private equity funds (PEFs) are dominating the South Korean merger and acquisition (M&A) market. This is because a large amount of money which was unable to find suitable investment destinations is flowing into PEFs, while strategic investors, including conglomerates, are reluctant to make a large i
As Lotte Group has completed sales of its financial affiliates, attention is focusing on how Samsung Group will handle its financial affiliates.The group’s governance structure can be changed if Samsung C&T Corp. sells off the Samsung Electronics Co. shares owned by its financial affiliates. Accordi
The so-called “firewall” regulations which prohibit financial institutions, such as banks and securities companies, from engaging in more than one business area are an obstacle that hampers the growth of South Korea as a financial hub in Northeast Asia, panelists asserted in a seminar held on Aug. 2
The Sankei Shimbun reported on June 30 that the Japanese government would restrict exports of three chemical materials to South Korea starting from July 4 in response to the South Korean Supreme Court’s ruling regarding compensation for forced labor victims during Japanese colonial rule.The three ma
A Korean research team has developed a three-dimensional human hepatic organoid by using stem cells and the functionally mature organoid can proliferate in human pluripotent stem cells.A human liver is a highly regenerative organ, yet it is difficult to obtain liver tissues and in vitro liver cell p
A local daily newspaper recently conducted a survey with 30 economic experts, including professors, private research institute members and corporate executives. More than 70 percent of the respondents answered that the South Korean Supreme Court’s ruling on compensation for wartime forced labor vict
Hyundai Engineering and Construction (E&C) announced on July 10 that it has signed US$2.7 billion contracts with Saudi Aramco to execute Package 6 and Package 12 of the Marjan Development Program.A contract signing ceremony was held at the Saudi Aramco Dharan Office in Saudi Arabia on July 8 with th
Financial Services Commission (FSC) Chairman Choi Jong-ku said it is possible to sell Asiana Airlines Inc. to a buyer with shortcomings after making up for its weak points. However, he denied the possibility of hiving off of the airline's subsidiaries. Currently, Kumho Industrial Co. and credito
The South Korean cloud computing market has been dominated by global players such as Amazon Web Services and Microsoft, whose combined market share is currently as high as 80 percent. South Korean IT companies are trying to make a breakthrough with multi-cloud attracting much attention these days an
The mechanism of how proteins terminate the chromosomal replication and repair processes has been discovered.Researchers of the Institute for Basic Science (IBS) announced on June 3 that they have identified the mechanism by which the proliferating cell nuclear antigen (PCNA) bound to DNA is separat