The Korean Ministry of Food and Drug Safety (KMFDS) has authorized South Korea's first homegrown COVID-19 vaccine from SK bioscience.South Korea has become one of the few countries in the world to have both a domestically developed COVID-19 vaccine and a treatment.SKYCovione is a self-assembled
The embassy of the United Arab Emirates (UAE) in Seoul announced on June 23 that it is participating in Imported Goods Fair 2022 (IGF 2022), which opened on the day at the COEX Convention Center for a three-day run, to promote various products from the Middle East country.UAE Ambassador to Korea Abd
The South Korean government has raised venture funds adding up to approximately one trillion won for investment in a fund of funds and private venture capital companies. This is to promote investment in startups despite the uncertainties surrounding the market.Specifically, the eight ministries incl
Medipost, a Korean pharmaceutical company specializing in stem cell therapeutics, is acquiring a stake in OmniaBio Inc., a subsidiary of CCRM which is a global, public-private partnership headquartered in Canada. CCRM receives funding from the Government of Canada, the Province of Ontario, and leadi
Pharmaceutical company Boryung has invested US$10 million (about 12.6 billion won) in Axiom Space, a U.S. space company. The Korean drugmaker is expected to set up a pharmaceutical laboratory in a private space station to be built by Axiom Space in 2027.Axiom Space was established in 2016 by experts
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Expectations remain intact but difficult to confirm with just 1Q22 earnings— We have two main expectations for KakaoBank:1) Outstanding product competitiveness and market penetration with rapid lending growth b
The author is an analyst of Shinhan Investment Corp. He can be reached at sanghoonpure.cho@shinhan.com. – Ed. Trailblazer in dawn delivery serviceKurly started off as an online grocery retailer in end-2014 and introduced the world’s first dawn delivery service in 2015. The company's dawn deliver
The authors are analysts of Shinhan Investment Corp. They can be reached at sh.kim@shinhan.com and mintz95@shinhan.com, respectively. -- Ed. Plans for share buyback and retirementSK announced plans for annual share buyback equivalent to 1% or more of its market cap in a bid to enhance enterprise val
SsangYong Motor’s commercial creditors have opposed Edison Motors’ acquisition of the troubled automaker, demanding that the company find a new investor.The commercial creditors filed a petition with the Seoul Rehabilitation Court to express their opposition to the takeover of the insolvent automake
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. Small businesses are the backbone of the American economy, accounting for 46.8 percent of its economic activity. The U.S. Small Business Administration showed in their report that 3
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. Currently, with supply-side inflation strongly constricting economic growth, the Fed will likely be cautious with rate hikes. In addition, due to geopolitical risks, a supply-demand mismatch in the
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Pulmuone is to enjoy short-term earnings growth momentum from overseas subsidiaries, narrowing losses at the restaurant business, and alternative food market expansion. Long-term growth engines are al
GC Pharma announced on Feb. 11 that its U.S. subsidiary Curevo has succeeded in attracting a total of US$60 million (about 70 billion won) from investors.The investment was led by RA Capital Management, an investment company specializing in global life science companies. GC Pharma participated as jo
Pernod Ricard Korea, the Korean unit of France-based wine and spirits groupPernod Ricard, announced on Feb. 9 that it has provided scholarships to a total of 54 talented students of Gugak, traditional Korean music, at the National Gugak Middle and High School.The scholarship awards ceremony was held
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Being a leading banking stock of Korea, KBFG has been at the center of large–scale net foreign buying of Korean banking shares at the start of every year. In 2022, the firm is expected to lead the ba
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. DHIC’s earnings should normalize this year thanks to governance reform and business restructuring. Expectations are growing towards the export of nuclear plant equipment and materials for over
The authors are analysts of NH Investment & Securities. They can be reached at jinmyung.choi@nhqv.com and minjae.lee@nhqv.com, respectively. -- Ed. Debate is underway over whether nuclear power is a form of green energyEnergy ministers from 10 European countries (including France) have released a jo
WeMade announced on Jan. 6 that it participated as a strategic investor in Sygnum Bank’s Series B funding round.The other participants include Tencent, Animoca Brands, Sun Hung Kai Properties, Meta Investment and various DeFi protocols.Sygnum Bank is the first cryptocurrency bank in the world. Last
The European Commission said on Jan. 1 that nuclear power generation would be classified as an eco- and climate-friendly power generation method on condition that plans and funds are already prepared along with a radioactive waste disposal site that ensures safety.According to its draft message sent
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Focus should be on the easing of uncertainties than on negatives posed by merger details— The Korea Fair Trade Commission (KFTC) has given conditional approval for the merger between Korean Air and Asiana