‘No research, development only’ company proves potential through W1.5tr license-out deal with Boehringer Ingelheim

Region is fast becoming Asian hub for startups based on advanced technologies

Merger seen as Hanwha Group speeding up leadership succession to third generation

Samsung Electronics on Thursday unveiled its first table PC Galaxy Tab S6 that can be controlled by hand gestures.The sixth edition of Galaxy Tab features remote control functionality enabled by Samsung’s signature S Pen.S Pen has built-in Bluetooth Low Energy remote control technology that allows users to take selfies and videos and control multimedia without actually touching the device. A 10-minute-long wireless charge lasts 10 hours. Other features include converting handwritten notes

　South Korean information technology firm LG CNS said Thursday it will install an artificial intelligence-based X-ray analysis system at a local public health center to offer patients speedier medical assessments. 　Starting from late September, the AI-based X-ray assessment will be brought to a public medical facility in the Eunpyeong district of Seoul. The system is expected to help doctors and patients receive accurate X-ray images within 20 seconds, LG CNS added. 　According to the IT solution

Korean Air Lines Co., South Korea's flag carrier, said Thursday it will begin placing smaller jets on several Japanese routes this month amid escalating trade tensions with Japan.  The move is part of Korean Air's extended efforts to respond to a fall in Japan-bound routes after the neighbor implemented tighter restrictions on exports of key materials to Korea, in apparent retaliation against a series of South Korean court rulings last year over Japan's wartime forced labor.Japan is also se

Delta Air Lines, Inc. said Thursday it has increased its stake in Hanjin KAL, the parent company of Korean Air Lines Co., in what it called a just investment.  In a report to the bourse operator, the Korea Exchange, Delta said it increased its stake in Hanjin KAL to 5.13 percent from 4.3 percent. "The purpose of the investment is not aimed at affecting the management rights," the report said. In June, Delta announced it purchased the 4.3 percent stake in Hanjin KAL, and it would e

Lazertinib development expected to put Yuhan back on track in second half

Poland’s flagship airline, LOT Polish Airlines, said Thursday that it would start operating direct flights between Seoul and Budapest in September. Starting Sept. 23, the airline will offer direct flights to and from Budapest three times a week on the Boeing 787 Dreamliner. The flight will take around 13 hours and passengers will have access to Korean in-flight entertainment and Korean-speaking flight attendants, the airline said.“The new route will meet the expectations of both Kore

South Korean retail conglomerates Lotte Group and Shinsegae Group ranked among the top 10 retailers in Asia, a list dominated by e-commerce companies, market data showed Thursday. According to market researcher Euromonitor International, which compiled a list of the top 100 retailers in Asia based on sales last year, Lotte ranked eighth and Shinsegae came in at No. 10, having respectively recorded $27.4 billion and $25.3 billion in sales. Chinese online marketplace Alibaba topped the l

Aston Martin Seoul said Thursday that it would be unveiling its newest hypercar, Valhalla, through Sunday at Coex in southern Seoul.The Valhalla, scheduled to be released in 2021, will be limited to production of just 500 units around the world, and comes with the hefty price tag of about 2 billion won ($1.68 million) here.The Valhalla will be on display at a special exhibition hall in front of Megabox Coex. A video explaining the philosophy and technology of Aston Martin will be shown alongside

The number of passengers flying from South Korea to Japan significantly decreased this month amid ongoing trade tensions between the two countries, data showed Wednesday. The Transport Ministry data showed that from July 16 to 31, a total of 467,249 passengers departed for Japan from Incheon International Airport, down about 13.4 percent or 72,411 passengers compared with June 16 to 30.  Amid an intensifying nationwide boycott targeting Japanese goods and travel to Japan, Korea’s

Korean biopharma firm continues to ramp up global CMO portfolio

Trade disputes, Supreme Court ruling on Samsung heir likely to undermine IT giant’s operational visibility

South Korean midsized steel companies may face setbacks in the wake of the US move to raise anti-dumping duties on imported oil pipelines, amid global trade uncertainties and price surges in raw materials. According to the steel industry on Wednesday, the US Department of Commerce has imposed anti-dumping tariffs of 38.87 percent on local steel firm Nexteel and 22.7 percent on Seahsteel, effective June 14 for one year. As for other steel companies, the tariff rate was set at 29.89 perc