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[Newsmaker] Celltrion confirms phase 1 trial safety of COVID-19 antibody drug

Global clinical phase 2, 3 trials to take place in as many as 12 nations

Sept 11, 2020
Jet fuel consumption falls 40% during first quarter

The consumption of jet fuel in South Korea saw a 40.5 percent year-on-year drop during the first quarter this year, according to the latest data from the Korea National Oil Corporation. With most in...

Sept 11, 2020
Samsung expands dominance in domestic smartphone market in Q2: report

Samsung Electronics Co. further expanded its dominance in the domestic smartphone market in the second quarter of the year, a report showed Friday, thanks to robust sales of the Galaxy A budget line ...

Sept 11, 2020
Samsung to benefit from Huawei ban in long run: analysts

Samsung Electronics Co. is likely to benefit from US sanctions on Chinese tech titan Huawei Technologies Co. in the long run, analysts here said Friday. The US sanctions, which ban the supply of sem...

Sept 11, 2020
[Monitor] Hiring in retail, restaurants plunges

The number of employees working in retail, wholesale, restaurants and lodging has dropped drastically over the past eight months, data from the Korea Small Business Institute showed Thursday. These a...

Sept 11, 2020
Google pledges $500,000 for virus self-checkup site developed by S. Korea's military

Google has pledged $500,000 to help expand a coronavirus self-diagnosis website developed by the South Korean military's Medical Command in cooperation with government and private experts, officials ...

Sept 11, 2020
S. Korea bans German pork imports after report of African swine fever

South Korea banned imports of pork from Germany on Thursday after an African swine fever (ASF) case was confirmed in the European country. The Ministry of Agriculture, Food Rural Affairs said German...

Sept 10, 2020
S. Korea to permit export of protective face masks

South Korea will allow the export of face masks that can be used to prevent the spread of the novel coronavirus, the Korea Food and Drug Administration (KFDA) said Thursday. The move comes as suppli...

Sept 10, 2020
SK Biopharmaceuticals plans phase 3 trials of cenobamate in Asia

SK Biopharmaceuticals is on track to conduct phase 3 clinical trials of its novel epilepsy treatment cenobamate in Korea, China and Japan. The company announced Thursday that its phase 3 clinical tr...

Sept 10, 2020
LG Chem flies unmanned aerial vehicle with next-gen battery

Is now first South Korean company to fly vehicle at highest degree using lithium-sulfur battery

Sept 10, 2020
S. Korean snack firm Orion to build new plant in Russia

Orion Corp., a major South Korean confectionery company, said Thursday it will build a new factory in Russia to meet growing demand for its products in the Russian and Central Asian markets. The new...

Sept 10, 2020
[News Analysis] Will trade relations change under new Japanese PM?

Suga seen to continue hard-line stance on Korea, but could face pressure to change tone in trade

Sept 10, 2020
[Monitor] Dependence on coal to drop 0.7% yearly: report

Dependence on coal is expected to decrease by an average of 0.7 percent per year, a report by the Korea Energy Economics Institute said Wednesday. By 2024, the consumption proportion of coal is fore...

Sept 10, 2020
[Herald Interview] Beverages legend bets on health drinks, overseas markets

Hitejinro Beverage CEO Jo Un-ho vows to reduce environmental damage

Sept 9, 2020
KITA establishes testbed in US to support Korean startups

The Korea International Trade Association said Wednesday it has partnered with Startup Junkie, a US-based venture catalyst and entrepreneurial support organization, to help Korean startups test their...

Sept 9, 2020

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