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Venture capitalKorea’s big bio startups to launch $39 mn investment fund
South Korea’s four leading biotech firms plan to launch an investment fund of up to 50 billion won ($39 million) to suppor...
Dec 26, 2022 (Gmt+09:00)
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Mergers & AcquisitionsHyundai Home Shopping to divest rental unit for $107 mn
Hyundai Home Shopping Network Corp., a TV shopping channel operator owned by South Korea's Hyundai Department Store Group, said ...
Dec 26, 2022 (Gmt+09:00)
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EconomyItalian envoy to Korea says what works in Korea works globally
Italian Ambassador to South Korea Federico Failla said that as both Italy and Korea cherish and prioritize the importance of tra...
Dec 26, 2022 (Gmt+09:00)
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Bio & PharmaKOICA donates Celltrion's Herzuma to Ukraine
Celltrion Healthcare Co. said on Monday that Herzuma (ingredient name: Trastuzumab) was dispatched to patients in Ukraine by the...
Dec 26, 2022 (Gmt+09:00)
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EconomyS. Korea foresees recession in falling freight prices, wages
Global ocean freight prices are falling amid a darkening outlook for South Korea, as Asia’s fourth-largest economy heavily...
Dec 26, 2022 (Gmt+09:00)
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Leadership & ManagementHyundai Heavy Industries Group changes its name to HD Hyundai
HD Hyundai held a 50th-anniversary vision declaration ceremony at its Global R&D Center in Seongnam, Gyeonggi Province, on M...
Dec 26, 2022 (Gmt+09:00)
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Bio & PharmaCJ applies to FDA for trials of immuno-anticancer drug candidate
CJ Bioscience, an independent red bio (pharmaceutical and healthcare) subsidiary of CJ CheilJedang Corp., said on Monday it has ...
Dec 26, 2022 (Gmt+09:00)
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ElectronicsLG to develop smart home devices responsive to users’ sleep data
An air conditioner or a TV set equipped with a timer that automatically turns power on and off based on the user's preference ha...
Dec 26, 2022 (Gmt+09:00)
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Aerospace & DefenseHanwha takes over satellite technology from gov't institute
The state-run Korea Astronomy and Space Science Institute (KASI) said on Monday it had transferred to Hanwha Systems Co. the tec...
Dec 26, 2022 (Gmt+09:00)
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Corporate strategyCJ ENM sets up brand incubator Brandworks Korea
South Korean entertainment powerhouse CJ ENM Co. plans to foster the brand incubating business and promote sales through Brandwo...
Dec 26, 2022 (Gmt+09:00)
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CompaniesSamsung Global Goals app rakes in over $10 million in charity 3 years after launch
Samsung Electronics Co. on Monday said Samsung Global Goals, a charity app for the company's Galaxy smartphones and devices, exc...
Dec 26, 2022 (Gmt+09:00)
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ESGNetmarble joins UNGC to strengthen ESG management
Netmarble Corp. said on Monday that it has joined the United Nations Global Compact (UNGC) to strengthen its environmental, soci...
Dec 26, 2022 (Gmt+09:00)
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ElectronicsSamsung TV, home theater systems win award in Australia
South Korea's electronics giant Samsung Electronics Co. has set a new benchmark for customer satisfaction in Australia, receivin...
Dec 26, 2022 (Gmt+09:00)
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Travel & LeisureKorea's int'l passenger traffic exceeds domestic for 1st time since pandemic
The volume of international passengers in South Korea has exceeded that of domestic flights for the first time since the outbrea...
Dec 26, 2022 (Gmt+09:00)
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Banking & Finance85% of S.Korea's Gen MZ have contactless savings accounts
A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 198...
Dec 26, 2022 (Gmt+09:00)
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FintechSouth Korea doubles gov't fintech innovation fund to $781 million
The South Korean government will double the value of its Fintech Innovation Fund, a source of financial support for the financia...
Dec 26, 2022 (Gmt+09:00)
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ElectronicsSamsung, LG to showcase high-end home appliances at CES 2023
South Korea's Samsung Electronics Co. and LG Electronics Inc. are set to showcase their high-end home appliances at the CES 2023...
Dec 26, 2022 (Gmt+09:00)
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AirlinesT’way Air becomes first local budget carrier to fly Incheon to Sydney
T'way Air Co. launched a new flight route linking Incheon with Sydney, Australia, embarking into the long-haul flight sector.T...
Dec 26, 2022 (Gmt+09:00)
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Tech, Media & TelecomKT signs agreement with O2 Company on smart fish farming
KT Corp., a South Korean telecom giant, plans to advance into the sea farming business.KT said on Sunday it had signed a busines...
Dec 26, 2022 (Gmt+09:00)
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Artificial intelligenceSamsung establishes Department of Intelligent Software at Sungkyunkwan Univ.
Samsung Electronics Co. and Sungkyunkwan University will jointly establish a new Department of Intelligent Software, a contract-...
Dec 26, 2022 (Gmt+09:00)
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Bio & PharmaCENYX Biotech, developing treatment for brain damage with ROS-scavenging, nano-sized heavy metals
When severe brain diseases such as cerebral infarction or cerebral hemorrhage occur, the blood-brain barrier (BBB) in our body n...
Dec 26, 2022 (Gmt+09:00)