Korean Minister of Economy and Finance Chu Kyung-ho held a bilateral meeting with Japanese Finance Minister Shunichi Suzuki following a meeting of finance ministers and central bank governors from Korea, China, and Japan. This was the first bilateral meeting between the finance ministers of Korea an
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Earnings at Samsung C&T have leveled up thanks to stable earnings at the construction division, brisk growth at the bio division, and the fading of Covid-19 effects. Based on this, Samsung C&T ha
Samsung Electronics Chairman Lee Jae-yong is finalizing the schedule to meet Apple CEO Tim Cook and Google CEO Sundar Pichai during his visit to Silicon Valley during a business trip to the United States that will last until mid-May. It is analyzed for the purpose of envisioning Samsung’s future bus
A U.S.-South Korea summit is scheduled for April 26 and the heads of 122 South Korean enterprises and organizations are expected to join as economic delegation members.According to the Federation of Korean Industries, the members include Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman C
On April 13, POSCO International announced a new vision for the first time after its integration with POSCO Energy at the Songdo Convensia in Incheon. Under the vision of Green Energy & Global Business Pioneer, the company aims to increase its current market capitalization from 3.8 trillion won to 2
Technology exports from the domestic pharmaceutical and biotech sector totaled eight cases in the first quarter of this year. The scale of the five open contracts is 2.169 trillion won (US$1.643 billion). In the first quarter of last year, the figures were six and 2.174 trillion won (US$1.647 billio
The European Patent Office announced on March 28 that South Korean enterprises’ patent applications in Europe increased 10 percent to 10,367 last year. The number topped 10,000 for the first time and the rate of increase was second only to that of Chinese enterprises (15.1 percent).U.S. enterprises’
South Korea, China, and Japan are accelerating the growth and development of their pharmaceutical and biotech industries. South Korea’s third five-year national plan to that end was announced on March 24 and China’s first long-term national plan in the sector was announced in May last year.Japan’s p
The Ministry of Trade, Industry and Energy announced on March 16 that South Korea and the UAE had a business roundtable in the UAE and US$2 billion worth of a contract and MOUs were signed there.Specifically, the contract pertains to national defense and the five MOUs are related to information and
TiumBio Co., an R&D-focused clinical-stage biotechnology company based in South Korea, today announced the publication of two posters that will be presented during the upcoming 2023 American Association for Cancer Research Annual Meeting (AACR 2023), taking place from April 14th in Orlando, Florida.
Tium Bio announced on March 13 that it will attend 2023 Bio Europe.2023 Bio Europe Spring is the largest pharmaceutical and bio industry partnering event in Europe. It will be held offline in Basel, Switzerland from March 20 to 22 and an online meeting is scheduled from March 28 to 30 after the offl
SK Plasma announced on March 8 that it received final approval for the construction of a plasma fractionation plant from the Ministry of Health of Indonesia.This export is a result of collaboration between the Ministry of Health and Welfare of Korea and the Korean Embassy in Indonesia since 2019. It
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, and the International Vaccine Institute (IVI) have jointly announced Profs. Andrew Pollard and Sarah Gilbert and Drs. Rino Rappuoli and Mariagrazia Pizza as two groups of co-re
The Ministry of Trade, Industry and Energy announced on March 1 that South Korea’s exports and imports were US$50.1 billion and US$55.4 billion last month, respectively. The exports fell 7.5 percent year on year whereas the imports increased 3.6 percent from a year ago.Last month, South Korea’s semi
The KAIST Center for Global Public Procurement opened a door so that 16 South Korean companies with innovative technologies can participate in the procurement market of Massachusetts for seven years to come. For reference, the procurement market of the U.S. federal government has a size of approxima
Samsung Biologics announced on Feb. 8 that it has received awards in all six categories of the 2023 CDMO Leadership Awards. CDMO stands for contract development and manufacturing organization, a company that provides pharmaceutical development and manufacturing services to drug companies.The biotech
Chong Kun Dang announced on Feb. 3 that it has licensed antibody-drug conjugate (ADC) technology from Synaffix B.V., a Dutch biotechnology company.The contract amount is approximately US$132 million including the down payment and development, licensing and sales milestones.With this contract, Chong
SK bioscience has received an upgrade in its MSCI (Morgan Stanley Capital International) ESG (Environmental, Social, Governance) rating from B to BBB in one year, the company announced on Feb. 3. According to the rating report, SK bioscience was recognized for its human resources development in the
South Korea’s monthly trade deficit hit an all-time high of US$12.7 billion last month. Its semiconductor exports dropped 44.5 percent from a year ago to US$6 billion, the highest rate of decrease in 14 years or so.Last month, South Korea’s petrochemical, general machinery and steel exports decrease
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed.Top pick for Pharmaceuticals & Biotechnology We maintain BUY and TP of KRW1,200,000 on Samsung Biologics. Our TP remains unchanged despite revisions to 2023 ERP and RFR and slight downward adjustments to earnin