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Boryung to invest W24b in innovative US health care firms through Hayan I, L.P.

Boryung Pharmaceutical said Wednesday it will make an incremental 24 billion won ($20 million) investment in innovative US health care firms. The investment will be carried out over three years by H...

Jul 1, 2020
Samsung Display to mass-produce QD panels from 2021

Samsung Display said Wednesday it anticipates to begin mass production of quantum-dot panels from 2021. The company held a celebratory event at its facility in Asan, South Chungcheong Province, wher...

Jul 1, 2020
Yuhan in-licenses GI Innovation’s allergy treatment pipeline for $1.2b

Yuhan Corp. announced Wednesday it has licensed GI Innovation’s next-generation allergy treatment pipeline in a deal that could potentially total $1.2 billion. “I am very pleased by this collaborat...

Jul 1, 2020
Exports continue to fall in June but show signs of recovery

South Korea’s exports in June decreased by 10.9 percent at $39.2 billion, as against $44 billion in the same month last year, latest data released Wednesday showed. According to the Ministry of Trad...

Jul 1, 2020
Hyundai Motor invests the most in promising startups: report

South Korea’s 500 largest companies by assets have expanded their investments in startups with high technologies since 2015, latest data showed Wednesday. Local corporate tracker CEOScore said their...

Jul 1, 2020
S. Korea aims to foster 1,000 hydrogen-related firms by 2040

SEJONG, July 1 (Yonhap) -- South Korea said Wednesday it will foster 1,000 businesses in the hydrogen industry over the next 20 years in its latest push to nurture a hydrogen-based ecosystem and rela...

Jul 1, 2020
Huons first Korean firm to export KF94 masks to Washington

Huons Global said Tuesday that it will be the first South Korean firm to supply high-filtration masks to the state of Washington in the US. “This deal shows that Huons’ epidemic prevention products ...

Jun 30, 2020
Merck starts next-gen semiconductor materials center in Korea

“Korea is an important innovation and production hub for Merck. We have invested more than 35 billion won ($29 million) to complete this technology center and expand our capabilities,” said Anand Nam...

Jun 30, 2020
Domestic contracts rescue Korean defense firms from pandemic

Hyundai Rotem, the rolling stock and arms manufacturing unit of Hyundai Motor Group, is another defense firm that has given a financial breathing room from DAPA. According to Hyundai Rotem, it signe...

Jun 30, 2020
[Best Brand] Samdo Environment’s plasma-generating tech keeps livestock farm clean

ENVIRONMENTAL TECHNOLOGY SAMDO ENVIRONMENT Samdo Environment is a South Korean company that has developed plasma-generating machines designed to get rid of stenches at livestock farms and the risk ...

Jun 30, 2020
Hugel expects to launch Letybo in $1b European market by 2021

Austrian aesthetic pharma Croma will distribute the wrinkle-smoothening botulinum toxin

Jun 30, 2020
Samsung to skip Europe's largest consumer electronics show on virus woes

Samsung Electronics Co., the world's largest smartphone and TV vendor, has decided not to participate in Europe's largest consumer electronics fair due to the novel coronavirus pandemic, the company ...

Jun 30, 2020
Chunlab launches health care services centering on feces analyzation

‘Personalized care for gut health leads to prevention of bigger illnesses’

Jun 30, 2020
[Best Brand] KNJ BIO combines oriental and western medicine

HEALTH FUNCTIONAL FOOD KNJ BIO Kim Nam Ju Bio is a functional health food maker whose roots are in both Asian herbs and modernized Western medicine. With “scientification of Oriental herbs” as the...

Jun 30, 2020
5G availability in S. Korea at just 15%: report

South Korean smartphone users' connection to 5G network services is far lower than expected, with 5G users only able to use the fastest network 15 percent of the time, a report showed Tuesday. South...

Jun 30, 2020

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