The Korean battery industry will accelerate its planned investment of 30 trillion won by 2030 as the Korean government designated Cheongju, Pohang, Saemangeum and Ulsan as specialized secondary battery clusters on July 20. It expects the clusters to create a domestic battery ecosystem value chain an
JW Pharmaceutical announced on July 20 that it has obtained a patent for the Wnt target hair loss treatment JW0061 from the Australian Patent Office.This patent is related to a new drug candidate for hair loss treatment based on the Wnt signaling pathway and aims to protect “a new heterocyclic induc
In the United States, a road has been named after South Korean conglomerate SK Group.SK on announced on July 20 that “Steve Reynolds Industrial Parkway,” a road near the SK Battery America (SKBA) facility in Commerce City, Jackson County, Georgia, has been renamed SK Boulevard. Jackson County decide
As the battery technology development cycle gets shorter and shorter, China heats up the race to secure patents, ratcheting up tension in the battery industry.China’s CATL, the world’s No. 1 battery maker by market share, recently registered a patent on a battery technology in just 39 days according
Korea Hydro & Nuclear Power (KHNP) is aggressively driving the development of small modular reactors (SMRs) in collaboration with the private sector. With the goal of leading a market worth 630 trillion won (US$497.24 billion), Korea aims to establish a presence in it.According to KHNP on July 19, K
Samsung Foundry, the semiconductor outsourcing division of Samsung Electronics, has embarked on a chip research project with leading semiconductor startups in the global artificial intelligence market.According to industry sources on July 19, Samsung Foundry has recently launched Research & Developm
Amorepacific announced on July 19 that it has become the first Korean company to join the International Collaboration on Cosmetics Safety (ICCS).The ICCS, which was launched in February this year, is a global initiative comprising cosmetics manufacturers, industry associations, and animal protection
GC Biopharma Corp. announced on July 18 that its quadrivalent influenza vaccine “GCFLU Quadrivalent Pre-filled syringe inj.” has received product approval from the Egyptian Drug Authority (EDA).This is the first time the company’s quadrivalent influenza vaccine has received product approval in the A
HD Korea Shipbuilding & Offshore Engineering, the mid-tier shipbuilding holding company of Hyundai Heavy Industries, announced on July 19 that it recently signed a shipbuilding contract with Greece’s Capital Maritime Group for two 22,000 cubic meter-class Liquid CO2 (LCO2) carriers totaling 179 bill
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
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.With an equipment defect issue that arose last year now being resolved, the share of power generation in France represented by NPPs has recovered to the 72% level. Once the competitiveness of Élec
It has been pointed out that the prices of carbon credits that companies with excessive greenhouse gas emissions must purchase have dropped significantly, making the system less effective. In other countries, such as the European Union (EU), their prices are on the uptick due to the strengthening of
Aiitone (CEO Jin Yeop Lee, 230980), a KOSDAQ-listed company, recently successfully completed the performance test of their block chain acceleration engine.It was announced on the 19th that Aiitone, a company specializing in web 3.0 technology, recently requested the Korea Telecommunications Technolo
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
Mirae Asset Global Investments announced on July 18 that the net assets of ETFs it manages worldwide have exceeded US$100 billion.As of July 18, Mirae Asset Global Investments manages 538 ETFs in 14 regions worldwide, including Korea, the United States, Canada, Australia, and Japan. The total net as
SK Co., Ltd. announced on July 18 that it had selected Brain Asset Management as the preferred negotiating partner for capital raising (pre-IPO) of its contract development and manufacturing organization (CDMO) subsidiary SK pharmteco. The scale of the investment attraction is around 500 million dol
Korea Aerospace Industries (KAI) is actively pursuing exports of its FA-50 light attack aircraft to the United States, the world’s largest defense market. The export is expected to be worth 44 trillion won (US$35 billion), and, if successful, it would greatly boost the global standing of the Korean
IGIS Asset Management is reportedly considering selling real estate in Germany to prevent additional deterioration of the profitability of a fund under its management.According to financial sources on July 18, IGIS announced on their website on July 17 regarding the primary risk conditions and measu
Korean separator companies are expected to dominate the North American and European battery markets, according to a market research firm.SNE Research, a global market research firm, released a report titled “The Future of Separators in the Era of Lithium-Ion Batteries (LIBs).” In the report, SNE Res
In the first half of this year, Korea’s automobile exports surged 46.6 percent year on year to US$35.7 billion, a record high. Including auto parts, the figure reached US$47.3 billion.According to the Ministry of Trade, Industry and Energy (MOTIE) on July 17, Korean automakers exported more than 241