Brightmark partners with SK to reuse 93% of plastic waste piling up in Korea amid pandemic

Young co-founders set sights on becoming the next Genentech, pioneer of new era

Three homegrown treatments for the novel coronavirus are expected to receive approval as early as the first half of this year as the country speeds up the approval process amid the pandemic.    Last week, the country's drug safety agency approved pharmaceutical giant Celltrion Inc.'s CT-P59, an anti-COVID-19 monoclonal antibody treatment, marking the country's first homegrown treatment. The treatment will be provided to medical institutions starting in mid-February. It can only be ad

Naver and Kakao -- the two major South Korean tech companies -- have recently provided "bonuses," such as stock options and shares, to their employees amid record-breaking performances    Annual sales of Naver -- South Korea's top internet portal operator -- and Kakao -- the operator of the country's top mobile messenger, KakaoTalk -- both jumped to all-time highs of 5.3 trillion won ($4.8 billion) and 4.15 trillion won, respectively, in 2020. The two tech firms have been c

Local favorites become more familiar across Asia, touting health benefits

Universe a paradigm shift for SNS, but its AI voice technology draws questions

US electric vehicle maker Tesla Inc. on Friday launched its compact sport utility vehicle, the Model Y, in South Korea as it tries to boost sales in the country. Tesla Korea said the Model Y is available in three trim levels here, with the starting price for the standard range model set at 59.99 million won ($54,191). The prices for the long-range model and the performance trim are to start from 69.99 million won and 79.99 million won, respectively. Starting this year, South Korea will give

General manager of Beiersdorf Korea talks about launching new skin care brand, supporting Korean beauty startups amid pandemic

LG Household & Health Care’s rise against Amorepacific, explained

Upping the ante in its battle with rival SK Innovation after a victory in the US International Trade Court, LG Energy Solution on Thursday threatened further legal action in Europe and South Korea. In a final ruling delivered Wednesday, US time, SK Innovation was slapped with a 10-year ban on importing lithium-ion battery products to the US, with a grace period of up to four years, for stealing trade secrets from LG Energy Solution. “It’s difficult to say SK Innovation’s th

A US trade panel on Wednesday ruled in favor of South Korean battery maker LG Energy Solution Ltd. in a trade secret case and issued a 10-year import ban on some lithium-ion battery products by SK Innovation. The US International Trade Commission affirmed a preliminary ruling delivered in February 2020 to support LG's claims that SK used stolen trade secrets to develop its electric vehicle batteries. The ITC issued "a limited exclusion order" for 10 years to ban import of s

Microsoft Corp. Chief Executive Officer Satya Nadella said social-media services like Facebook, Twitter and YouTube need clearer laws and rules to govern whether controversial “Unilateral action by individual companies in democracies like ours is just not Microsoft doesn’t currently run a consumer social media service, but it is among cloud-computing In the past several years, antitrust regulators have ramped up investigations into the market power of large technology companies, just

Korean Air’s plan to take over Asiana Airline has been approved by antitrust authorities in Turkey, the airline said Wednesday. The Turkish Competition Authority, a government organization dedicated to ensuring market competitiveness, gave the Korean airline the green light last Thursday, becoming the first foreign country to clear one of the hurdles facing the high-profile acquisition. Last month, the South Korean national flag carrier filed for a merger and acquisition review to the an

After a year of the COVID-19 pandemic, South Korea’s conglomerates saw some fluctuations in their asset rankings, reflecting the impact from major mergers and acquisitions and from the contactless business trend, industry data showed Wednesday. While the top seven business groups remained largely unchanged, those in transportation and heavy industries expanded their assets on the back of M&A deals. Also, biopharmaceuticals and IT players climbed up the ladder on the back of social di

While korean firms lock horns, US carmakers remain perplexed over battery supply