Mirae Asset Securities has acquired Sharekhan Limited, India’s major brokerage firm, in a $370 million deal to bolster its expansion in the world’s fifth-largest economy. The firm has signed a share purchase agreement with BNP Paribas SA for the acquisition of Sharekhan Limited, according to an announcement made by Mirae Asset Securities on Tuesday. The French banking giant has sold its entire stake in the retail brokerage firm, eight years after the acquisition in 2015. Founded in 2

Celltrion Healthcare, Celltrion Group’s overseas sales unit, announced Tuesday that Vegzelma, Celltrion’s biosimilar referencing Roche's Avastin (bevacizumab), has been listed as a preferred drug on a formulary managed by Ventegra. “Through Ventegra's proprietary formulary program, which covers 13 million members in the US, Vegzelma will be able to increase its share in the US bevacizumab market,” an official from Celltrion Healthcare said. The latest signing be

BlockSquare Seoul is working to strengthen its service lineup to support investors in mitigating risks and increasing profit in cryptocurrency trading. The company provides charts which show the price fluctuation of major cryptocurrencies and assess risks, bid prices and liquidation attempts. The charting service, like the cryptocurrency market, operates on a 24-hour basis. The charts further speculate future price movements by using data generated from real-time market monitoring. The chartin

From charting tool to trading bot, BlockSquare Seoul hopes to offer ultimate crypto trading assistance

Logistic benefits, coupled with enhanced distribution channels, boost budding affection for Korean food

SK hynix inks separate partnership to co-develop energy-efficient chip manufacturing technology

South Korea’s Busan Port Authority will build a cold chain logistics center in the Netherlands by 2027 in order to accelerate food exports to Europe, Seoul’s presidential office said Tuesday. The Busan Port Authority and its Dutch counterpart, the Rotterdam Port Authority, plan to sign a letter of intent on the new facilities upon President Yoon Suk Yeol’s state visit to the Netherlands. Under the agreement, Busan’s port operator will lease a site within the Port of Rotte

A recent report showed that Germany, the largest European automotive market, is expected to see a drop in electric vehicle sales this year for the first time in seven years, piling pressure on Korean battery makers who have operated core businesses in the all-important region. From January to November, the number of EVs sold in Germany decreased 5 percent on-year to 627,000 units, according to a report from Eugene Investment & Securities. In November alone, the country witnessed a 39 percent

SK Inc. C&C, the IT solutions unit of SK Group, attended the United Nations Climate Change Conference to showcase the South Korean industry’s efforts and technology-based solutions to achieving net-zero emissions, the company said Tuesday. COP28, an annual international conference focused on climate change, wrapped up Tuesday in Dubai, United Arab Emirates. The primary goals of the 13-day summit were to limit global warming to 1.5 degrees Celsius, help vulnerable communities adapt to c

Hanwha Ocean said Tuesday that it has handed out neck warmers and earmuffs to some 3,000 foreign employees working at its Geoje shipyard in South Gyeongsang Province. The South Korean shipbuilder has come up with various support measures for its foreign workers, including offering daily guidance books in seven languages and hiring global coordinators to help shipyard workers with everyday communication and safety training. (Hanwha Ocean)

Posco Future M, a South Korean producer of battery materials, has newly joined the 2023 Dow Jones Sustainability Indices Asia Pacific Index in recognition of its commitment to sustainability and responsible business practices, the company said Tuesday. The DJSI, published annually by S&P Global, serves as a benchmark for investors globally, evaluating companies based on their economic, environmental, social and governance performance. The inclusion in the Asia Pacific Index positions Posco

South Korea’s forest agency said Tuesday that it attended the United Nations Climate Change Conference held in the United Arab Emirates, to discuss various ways to ramp up global cooperation on reforestation and carbon reduction. An annual multilateral decision-making forum on climate change marking its 28th edition, this year’s COP28 forum was held in Dubai from Nov. 30 through Tuesday under the theme of “Unite. Act. Deliver.” During the event, the Korea Forest Service

SK Group, the country's second-largest conglomerate, has donated 12 billion won ($9.11 million) to the Community Chest of Korea in a gesture to help underprivileged people, the group said Tuesday. Despite the challenging economic environment, the conglomerate has maintained its annual tradition of giving that started in 1999. SK’s cumulative donation amount to the local charity organization came in at 234.5 billion won to date. SK Supex Council’s Social Value Committee President

Daewoong Pharmaceutical announced Monday that the company has signed an exclusive licensing agreement with Zydus Worldwide DMCC to co-develop leuprolide acetate for depot suspension, DWJ108U, a generic of AbbVie’s prostate cancer, endometriosis and uterine fibroids treatment, Lupron Depot. Based in the UAE, Zydus Worldwide DMCC is a wholly-owned subsidiary of Zydus Lifesciences, which was also formerly known as Cadila Healthcare Limited. “Together with Zydus, Daewoong Pharmaceutical

Ant Group’s Korea chief pins high hopes on full recovery of tourism next year