GC Biopharma announced on Feb. 28 that it has signed an asset purchase agreement with Catalyst Biosciences, a US drug developer, for a pipeline for a coagulation disease.Through this contract, GC Biopharma will acquire a total of three pipelines, including Marzeptacog alfa (MarzAA) under development
The Nihon Keizai Shimbun reported on April 11 that Tokyo University professor Yasuhiro Kato and Waseda University professor Yutaro Takaya found 16 million tons of rare earth elements in the EEZ around Ogasawara Islands.Rare earth elements are resources essential for a variety of products, ranging fr
The number of South Korean companies among the world's top 500 companies has remained unchanged in the past decade, while that of U.S. companies and Chinese firms has jumped by 41 and 20, respectively.In a report released by the Korea Economic Research Institute (KERI) on April 11, only four South K
LG Chem will establish a joint venture in China to secure a stable supply and demand system for cobalt, a key raw material for batteries.LG Chem announced on April 11 that it has entered into a contract to make a precursor and cathode material joint production corporation with Huayou Cobalt of China
Although the widening “fat-finger” trading scandal at Samsung Securities Co. is snowballing into a public movement to ban short selling on the South Korean market, institutional and foreign investors are increasing the volume of short selling for Samsung Securities. However, government officials, in
It has been found that Facebook Korea’s ad sales are on the rise while the length of time for which local users remain on Facebook is on the decline.According to market research firm Research Ad, Facebook Korea’s sales totaled 12.6 billion won in February this year, up 25% from a year ago. Meanwhile
Hyundai Oilbank announced on April 11 that it is building the first energy supply complex in South Korea where gasoline, diesel, LPG, hydrogen and electric vehicles can be refueled at the same time.The multi-energy station is scheduled to be housed in a 5,000 m2-wide area between Hyundai Oilbank’s e
A Korean patent venture company filed a patent infringement lawsuit against Apple and Samsung Electronics in the US. The patent infringement lawsuit targets an invention that simultaneously recognizes fingerprints while turning on smartphone screens.Patent venture start-up First Face said on April 1
South Korea’s leading mobile carrier SK Telecom Co. successfully raised US$500 million (532 billion won) in five-year global bonds. It was the highest amount for foreign currency corporate bonds issued by Korean companies considering the volume of orders by foreign organizations. The company announc
LS Cable & System announced on April 10 that it would set up new optical cable manufacturing facilities in LS EV Poland by investing 11 million euros. The new facilities to be housed in the factory located in the southwestern region of the country are likely to be the first optical cable manufacturi
Hyundai Merchant Marine will place orders for 20 eco-friendly mega container ships in line with the government’s five-year plan to rebuild the Korean shipping industry.The plan, announced on April 5, includes the government’s vision to grow Hyundai Merchant Marine into one of the top 10 shipping com
Samsung BioLogics Co.’s market value has surpassed that of its biosimilar rival Celltrion for the first time as its stock prices reach an all-time high.At 9:24 a.m. on April 10, Samsung BioLogics’ shares gained 5.16 percent to trade at 591,000 won (US$553.37) on the KOSPI. The company’s stock price
GM International President Barry Engle is visiting South Korea, for the sixth time this year alone, to have talks with unionized GM Korea workers. Much attention is being paid to whether the talks will lead to a labor-management agreement, which is essential for the company to survive.The GM Interna
Samsung Group is considering raising up to 3 trillion won (US$2.81 billion) to buy a considerable stake in its biopharmaceutical unit Samsung Bioepis Co. from its second largest shareholder, US biotech firm Biogen.The move is part of the group’s strategy to gain further ground in the biopharmaceutic
On April 10, the Ministry of Science and ICT released a plan for better utilization of 5G equipment and facilities. According to the ministry, the number of base stations required for 5G mobile communications is estimated to be 4.3 to 18 times that required for 4G LTE as the former has a shorter fre
[비지니스코리아=조진영 기자] SK하이닉스는 협력사에 교육인프라를 제공하는 등 사업 경쟁력 강화 지원에 본격 나선다고 11일 밝혔다.이날 이천 본사에서는 이를 구체적으로 설명하는 `SV(Social Value) 및 공유인프라 플랫폼 설명회`가 열렸다.ASML Korea, 도쿄일렉트론코리아, 동진쎄미켐, 원익아이피에스 등 SK하이닉스 국내외 협력사 40여개의 관계자 80여명이 참석했다.SK하이닉스는 협력사들이 새로 오픈하는 ‘공유인프라 포털’에서 무상 혹은 시중보다 저렴한 금액으로 SK하이닉스의 반도체 지식과 노하우를 배우도록 했다.
LG Chem announced on April 10 that it would issue convertible bonds worth a total of approximately US$600 million for foreign investment attraction purposes. The registered and non-guaranteed foreign currency bonds are scheduled to be listed on the Vienna Stock Exchange and the funds resulting from
Chinese private equity (PEF) AFC Korea will finally acquire STX Corp. for about 68.5 billion won (US$61.6 million). The acquisition will be made in only three months after AFC Korea was selected as the preferred bidder at the end of 2017. AFC Korea's acquisition of STX Corp. will go down in history
An expert review has suggested that the Korean government continue R&D projects to develop pyro-processing technology for reprocessing spent nuclear fuels and sodium-cooled fast reactors or SFRs powered by such reprocessed spent nuclear fuels.The Ministry of Science and ICT received a report from th