Celltrion’s Remsima SC, the world’s only subcutaneous formulation of infliximab, has reached a record market share in Australia, the Korean biosimilar giant announced Wednesday. According to data from pharmaceutical market research firm IQVIA, Remsima SC achieved a 20 percent market share for the first time in the first quarter of the year, a surge since its market debut in 2021. Celltrion said Remsima SC gained popularity in Australia for its convenience, allowing patients to admini

Starbucks Korea said Wednesday it has renovated an old house built in the 1960s to open a new Starbucks Reserve store in Jangchung-dong, Jung-gu, central Seoul, Thursday. Starbucks Korea has set up a few special stores where customers can have novel experiences in distinct settings. The new store in Jangchung-dong is the company’s 10th special store, marking the 10th anniversary of Starbucks Reserve. The store, which can accommodate up to 180 customers, utilizes the entire space of the ori

LG Energy Solution highlighted its latest energy storage technologies at RE+ 2024, North America’s largest clean energy expo, held this week in Anaheim, California. Taking center stage was the JF2 AC/DC Link 5.1, a modular energy storage system with 21 percent improved energy density and a capacity of up to 5.1 megawatt-hours, targeted for US production in 2025. This system, optimized for commercial and grid-scale applications, was designed to simplify installation and improve efficiency.

SRIPERUMBUDUR (Reuters) -- Samsung Electronics' production at a plant in southern India was disrupted for a second day by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labour unrest. South Korea-based Samsung, India's biggest consumer electronics company, counts the country as a key growth market, competing with the likes of LG Electronics to make everything from televisions and refrigerators to smartphones. The strike

LONDON (Reuters) -- Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back taxes to Ireland, as part of a wider crackdown on so-called "sweetheart deals." What happened? In 2016, the European Commission’s competition chief Margrethe Vestager accused Ireland of having granted Apple illegal tax benefits, unfairly diverting investment away from other countries. Both Apple and

CAPE CANAVERAL (AP) -- A daredevil billionaire rocketed back into orbit Tuesday, aiming to perform the first private spacewalk and venture farther than anyone since NASA's Apollo moonshots. Unlike his previous chartered flight, tech entrepreneur Jared Isaacman shared the cost with SpaceX this time around, which included developing and testing brand new spacesuits to see how they'll hold up in the harsh vacuum. If all goes as planned, it will be the first time private citizens conduct a

Cash-strapped e-commerce platforms Tmon and WeMakePrice have managed to avoid bankruptcy by commencing the corporate rehabilitation process, which will enable the two companies to restructure their debts to over 100,000 creditors under the oversight of court-appointed custodians. The Seoul Rehabilitation Court approved on Tuesday to initiate rehabilitation procedures for Tmon and WeMakePrice, which have recently been mired in controversy due to delayed payments, stemming from a liquidity crisis

Lee Dong-chae bolsters strategic partnership with China’s GEM to boost cathode supply chain

Apple has launched the first generation of its artificial intelligence-focused smartphone series, the new iPhone 16 and iPhone 16 Pro, which are highly anticipated to go up against its rival Samsung Electronics' Galaxy S24, touted as the "world's first AI smartphone." To the disappointment of users in South Korea and countries outside the US, however, Apple is expected to introduce the full and multilingual version of its much-hyped Apple Intelligence next year. “The ne

Mercedes-Benz Korea said Tuesday that it has launched its 17th Automotive Electric Traineeship and 8th Ausbildung Program. The AET program focuses on college students, while Ausbildung targets vocational high school students, offering hands-on experience in Mercedes-Benz dealerships. Both programs emphasize electric vehicle technology, preparing participants for the future of the automotive industry. Upon completion, trainees receive certifications recognized globally. Since their inception, the

BERLIN -- Samsung Electronics has unveiled its vision to expand its AI presence from mobile devices and home appliances to residential and commercial buildings. Under the vision “AI for all,” the tech giant said it will launch diverse AI-based services for business-to-business areas, including "AI apartment," "AI office," "AI store" and "AI stay," taking advantage of its leadership in AI-powered home appliances. AI apartment, for instance, allo

Partnership looks to secure lead in eco-friendly vessel market

Korean battery maker to focus on materials for semiconductor, OLED and battery

Hyundai-Kia’s electric powertrains, featured in the Hyundai Ioniq 5 N and Kia EV9 GT-Line, have been recognized by US automotive publication WardsAuto as two of the 10 Best Engines & Propulsion Systems for 2024. This also is the third straight year that Hyundai Motor Group’s E-GMP electric vehicle platform, has earned this prestigious recognition. WardsAuto has been holding automotive powertrain awards since 1995. Expanded in 2019 to include electric propulsion systems, the award

South Korea’s leading container shipper HMM said Tuesday it has created a five-year cooperative body, dubbed Premier Alliance, together with two global partners Japan’s ONE and Taiwan’s Yang Ming, to further expand its vessel route network. Separate from the new alliance, the firm has also signed an agreement with MSC, the world’s top shipper based in Switzerland, to share freight space on Northern European and Mediterranean routes for four years, the company added. Wit