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Daewoong, Medytox clash over ITC’s review of determination

Daewoong Pharmaceuticals and Medytox on Tuesday gave contrasting interpretations of the US International Trade Commission‘s announcement to review parts of the final initial determination. The USITC...

Sept 22, 2020
Samsung Biologics seizes over $330m deal with AstraZeneca

Samsung Biologics signed to contract manufacture AstraZeneca‘s biologics drug for its global distribution, the company said Tuesday. The size of the contract is $330,840,300, open to grow to $529,59...

Sept 22, 2020
LG partially shutters headquarters building in Seoul over virus

LG Group, South Korea's fourth-largest conglomerate, on Tuesday said it has partially closed its headquarters building in Seoul over virus infections. The West Building of LG Twin Towers in Yeouido,...

Sept 22, 2020
[Monitor] No. of travelers within country during Chuseok to decline 30%

With the continuing spread of COVID-19, the number of travelers visiting their hometowns or traveling locally during the upcoming Chuseok holiday is expected to decrease 30 percent from last year. T...

Sept 22, 2020
Samsung to introduce new Galaxy F smartphone line in India

Samsung Electronics Co. will introduce a new smartphone line in India, industry insiders said Tuesday, as the South Korean tech giant eyes to expand its presence in the world's second-largest smartph...

Sept 22, 2020
LG unveils price of new rotating-screen smartphone

LG Electronics Inc. on Tuesday unveiled the price of its new dual-screen smartphone with a rotating form factor that will be released early next month in South Korea. LG Wing will come with a price ...

Sept 22, 2020
Kia to resume operation of virus-hit local plant Tuesday

Kia Motors Corp. said Monday it will resume operations at one of two domestic plants that were suspended after some of its workers were infected with the coronavirus. Kia halted the operations of tw...

Sept 21, 2020
Hyundai Motor, union agree to freeze wages amid pandemic

Hyundai Motor Co. and its labor union agreed Monday to freeze wages for the first time in 11 years as the carmaker struggles to ride out the impact of the coronavirus pandemic. The two sides reached...

Sept 21, 2020
Airbus aims for hydrogen-powered plane by 2035

PARIS -- Airbus is aiming to put the world's first hydrogen-powered commercial plane into service by 2035, the European aircraft maker's boss said in remarks published Monday. Hydrogen is a clean fu...

Sept 21, 2020
S. Korean healthcare exports up 42% on-year in Aug.

South Korea's healthcare and cosmetics exports rose 42 percent last month from a year ago, led by shipments of COVID-19-related medical devices, industry data showed Monday. According to data from t...

Sept 21, 2020
Doosan sells Doosan Tower for W800b to Mastern Investment

Doosan Group said Monday the firm sold its iconic building Doosan Tower to real estate investment company Mastern Investment Management for 800 billion won ($689 million). Doosan said the sale is ai...

Sept 21, 2020
LG Chem to decide acquisition of Nissan factory in Spain within this month

LG Chem is expected to notify the Spanish government within this month as to whether it will take over Nissan’s factory in the country to turn it into a battery plant, according to local media report...

Sept 21, 2020
LS Cable & System mass-produces aluminum wires for EVs

LS Cable & System said Monday it has started mass-producing aluminum wires for electric vehicles. The cable provider expanded its investment in aluminum wires as it believes that aluminum will becom...

Sept 21, 2020
KCCI calls for caution on 284 business bills

No. of revision bills proposed between June and Aug. jump by 40% on-year, posing great burden on businesses

Sept 21, 2020
Samsung relegated to 3rd spot in Q2 Indonesian smartphone market: report

Samsung Electronics Co. lost its status as the top smartphone vendor in the Indonesian smartphone market in the second quarter of the year, dropping to the third spot, a report showed Monday, as Chin...

Sept 21, 2020

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