Celltrion has begun the final validation process for its third plant in Songdo, Incheon, before commencing commercial production, the South Korean biosimilar giant announced Tuesday. The validation process is a critical step before the commercial production of drugs, which involves objectively verifying and documenting that products are manufactured to meet predefined standards from drug development to production. Celltrion invested some 270 billion won ($194 million) for the third plant's

Buoyed by robust growth in overseas sales, CJ CheilJedang pioneers global talent acquisition

Samsung Electronics and Krafton have partnered to optimize the forthcoming game "Dark and Darker Mobile" for the latest Galaxy series, set to be installed next month, according to the tech giant on Tuesday. The two firms have integrated advanced 3D graphics technology, Vulkan, into the game, enhancing visual realism and supporting Dolby Atmos sound effects. Key models, including the Galaxy Z Fold6, Galaxy S24 Ultra and Galaxy S23 Ultra, will feature Ray Tracing technology to deliver li

Hyundai Motor Group made a new partnership with six Indonesian private charging operators last Friday at the Gaikindo Indonesia International Auto Show 2024. This alliance makes charging much easier for local Hyundai EV owners. With the “myHyundai” app, Hyundai drivers can now access charging stations from any alliance member without needing separate memberships or payment methods. This is the first roaming system of its kind in Indonesia. The alliance covers 696 charging stations at

Korean Air is to purchase up to 50 new widebody aircraft from Boeing in its push to enhance fleet quality and meet sustainability goals. The deal price is estimated to reach some 30 trillion won ($23 billion), according to industry sources. The company declined to confirm. The national flag carrier signed a memorandum of understanding with Boeing on Monday on the sidelines of the Farnborough International Airshow 2024, a premier aerospace trade show currently being held in the UK. Korean Air sai

Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, announced Monday that it would supply high-performance substrates for hyper-scale data centers to AMD, the US chip design firm. According to the company, the flip chip ball grid array (FCBGA) substrate offers larger surface areas and higher layer counts for dense interconnections, which means better operational efficiency and lower energy consumption. The product will be produced at the company’

Following HD Hyundai’s signing, Hanwha inks master ship repair agreement with US Naval Supply Systems Command

Goldman Sachs has tapped Ahn Jae-hoon, a veteran dealmaker and a former vice president of SK Bioscience, to head its investment banking business in South Korea. The bank announced Monday that Ahn has been appointed as the head of its investment banking in Korea and co-country head. The positions have been vacant since the departure of David Chung in early June. Ahn will join the Wall Street bank as a managing director in mid-August from SK Bioscience, where he served as head of strategic plannin

Korean chief pins hopes on soaring whiskey consumption at home

Chinese e-commerce giant Alibaba.com, owned by Alibaba Group, said Monday that it will launch an online platform to help Korean sellers expand into global online markets. The new platform, called the South Korea Pavilion, will be available starting Aug. 8 and will focus on business-to-business transactions, according to the company. "Despite the abundance of talented sellers in Korea across various fields such as food, cosmetics and auto parts, many still struggle to expand their online sal

Ultium Cells, the joint electric vehicle battery venture between LG Energy Solution and General Motors, has suspended the construction of its third electric vehicle battery plant in the US. This decision comes in response to rising economic pressures, including high interest rates and inflation, as well as a slowdown in the demand for EVs. The $2.6 billion facility in Lansing, Michigan, broke ground in 2022 and was scheduled for completion by the end of this year. Once operational, the plant was

LG Innotek said Monday that it has developed a more advanced digital key solution for smartphone-based vehicle control. The technology uses wireless communication to connect with smartphones, allowing users to unlock and start their vehicles without carrying a key, thus reducing the risk of key loss and enhancing security. Since launching its first automotive digital key module in 2021, the company has continued upgrading the technology. The new next-generation solution combines the previous mod

Korean Air said Monday that it will launch the first flight of the newly acquired Boeing 787-10 (B78X) on the Incheon-Narita route on Thursday. The Boeing 787-10 Dreamliner is the largest and most advanced in the 787 series, with contributions from the nation's flag carrier in the 787 series' design and production. With a fuselage length of 68.3 meters -- approximately five meters longer than the previous 787-9 model -- the 787-10 can transport 15 percent more passengers and cargo. How

Hanwha Aerospace said Monday that it will unveil the prototype of a 15,000-pound-thrust-class turbofan engine for the first time at this year's Farnborough International Airshow taking place in the United Kingdom throughout this week. The engine will power South Korea's KF-21 fighter jets and uncrewed combat aircraft in the future. Along with Hanwha Aerospace's latest development, Hanwha Systems will exhibit its active electronically scanned array, or AESA, radars for different ty

Samsung Electronics is seen ramping up its merger and acquisition efforts to secure a stronger footing in the rising technology sectors, including artificial intelligence. The South Korean tech giant, leading in mobile devices and semiconductors, announced Thursday its acquisition of Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology. It is the first time the company makes such an investment via Samsung Research, its research and development hub. The deal