Celltrion shares rose 7.58 percent on Tuesday, following news that an Italian COVID-19 patient tested negative for the virus a week after being treated with Celltrion’s autoimmune disease treatment Remsima. Celltrion Healthcare, the global distributing arm of biologics drug manufacturer Celltrion, said that a patient in an Italian national hospital in Milan who had symptoms of pneumonia due to SARS CoV-2 infection, was treated with Remsima, and was discharged a week later after recovery.

Boryung Pharmaceutical presented the outcomes of the preclinical tests of its innovative blood cancer treatment on Tuesday at the American Association for Cancer Research, saying that the BR101801 pipeline showed more potency than existing phosphoinositide 3-kinase drugs in animal models. BR101801, a targeted cancer treatment and immuno-oncology drug that is being independently studied by Boryung Pharmaceutical, can simultaneously suppress the activities of PI3K and DNA-dependent protein kinase

Ranking officials sell shares at $700

South Korea’s SD Biotechnologies is rapidly fueling its business overseas through online and offline channels, according to officials. The beauty and health care company boasts six growing brand lines -- skin care brand SNP, standing for “shining,” “nature” and “purity”; colored makeup cosmetics brand Celebeau; urban pollution-tackling dermatologic cosmetic brand hddn=lab; professional barber grooming brand for men M’Solic; organic cotton-covered

Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday made his third on-site visit in less than 10 days to check the company's future strategy amid global uncertainties. Lee, the de facto leader of the top conglomerate Samsung Group, discussed the tech giant's business strategy with senior executives at its home appliance business division in Suwon, just south of Seoul. The heir's visit came just four days after Lee visited Samsung's chip R&D center in Hwaseong. Lee's visit comes as

Yakult, ‘imported’ from Japan, but creating own culture in Korea, branching off to other food sectors

When social media influencers are paid to post recommendations or reviews on social media, they must clarify that fact and make sure the disclosure is easy to read, the nation’s antitrust watchdog said Tuesday. The Fair Trade Commission said it had finalized revisions to its advertising guidelines, which deal with how to disclose financial interests when posting reviews on social media. The revisions will take effect Sept. 1. The guidelines are designed to prevent violations of the law

South Korea’s Hankook Tire & Technology Group said Tuesday it has been ramping up its corporate social responsibility efforts and is diversifying support for mobility services at social welfare centers across the nation.  The company established the Hankook Tire Foundation in 1990 to fulfill its responsibility to support those who experience mobility difficulties, under its slogan of “driving for happiness.” Since 2008, it has been offering a bus service for social

South Korea's two leading duty-free operators started to sell duty-free products through local retail channels Tuesday, as the government has decided to temporarily permit such sales to help the pandemic-hit sector. Industry leader Lotte Duty started to release duty-free items, including about foreign luxury brands, worth 10 billion won ($8.3 million), on its integrated online shopping mall. No. 2 player Shilla Duty Free plans to sell duty-free products via its new online sales platform start

Nearly half of the manufacturing firms in South Korea feel that business conditions have deteriorated further compared to March-April, when the COVID-19 spread was at its peak, a survey by the Korea Chamber of Commerce and Industry showed. The survey on 308 companies showed that 45.2 percent felt business conditions were harsher this month. Some 46.3 percent said they were similar, while only 8.5 percent saw an improvement. Automobiles and shipbuilding felt the strain the most in securing

LG Uplus Corp., South Korea's No. 3 mobile carrier, said Tuesday it will open a contactless store in October in line with growing demand for non-face-to-face services amid the coronavirus pandemic. The new store, which is set to open in central Seoul, will provide services such as selling USIM cards and changing cell phone plans through digital kiosks, LG Uplus said in a statement. The company plans to develop the kiosks by September. While the store will not be completely unstaffed to ensure

South Korean drugmaker Daewoong Pharmaceutical Co. said Tuesday it has won approval from authorities in Taiwan for the sale of its botulinum toxin product. The Taiwan Food and Drug Administration accepted Daewoong Pharmaceutical's application to sell Nabota for the treatment of frown lines. Daewoong Pharmaceutical said its Taiwanese partner, Orient Europharma Co., will be in charge of the sales of Nabota in the Asian country starting in the latter half of this year. "Taiwan is one of

Sherlock Company said it would continue to produce creative advertising campaigns that help resolve social problems through cutting-edge technology. The company was recently selected as a finalist in integrated marketing and environmental effort categories at the 2020 New York Advertising Festival, which is considered one of the world’s top three international advertising festivals. The New York Advertising Festival, started in 1957, is a major advertising awards event that attracts pa

S-Oil said Monday that its CEO Hussain Al-Qahtani has bought company stocks worth 68 million won ($55,970) as a sign of confidence amid the COVID-19 outbreak. He has reportedly purchased 1,000 shares to mark his first anniversary after taking the post last June and to show his confidence in the company. As of Friday, the price for S-Oil’s stock stood at 68,000 won. “Despite mounting uncertainties over management environment amid the COVID-19 outbreak, the CEO decided to purchas

Posco International said Monday that it had offered a flower arranging class for immigrant children with a South Korean stepparent, as a form of emotional support in this prolonged time of social distancing. The company said President and CEO Joo Si-bo and the employees’ flower arranging club had donated their talent to organize the event. Apart from benefiting the students, the class also helped local business owners cope with financial difficulties amid the COVID-19 crisis. To minimi