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Medical AI company Vuno to make IPO on Feb. 26

In clinical trials, Vuno’s AI software could detect anomalies in the lung scans of 269 out of 10,000 patients in whom human doctors could find no problems. Of the 269, it was found that 10 had relat...

Feb 8, 2021
Hyundai, Kia ‘not in talks’ over Apple Car project

South Korea’s largest carmaker Hyundai Motor and affiliate Kia confirmed Monday that they are “not in talks” with Apple over the manufacturing of the “Apple Car,” denying weeks of speculative reports...

Feb 8, 2021
Kakao founder pledges to donate more than half of assets

The founder of South Korea's top mobile messenger operator Kakao Corp. said Monday that he will donate more than half of his wealth -- currently estimated to be more than 10 trillion won ($8.9 billio...

Feb 8, 2021
AfreecaTV enjoys record annual sales in 2020

South Korea‘s biggest live streaming platform AfreecaTV saw its revenue and operating profit hit new highs in 2020, the company said Monday. According to a regulatory filing, the company’s revenue a...

Feb 8, 2021
Kakao Games’ 2020 sales best in company’s history

Kakao Games, the gaming unit of South Korea’s leading messenger app operator Kakao, registered 495.5 billion won ($442.9 million) in revenue last year, the best figure since the company started busin...

Feb 8, 2021
Hyosung launches recycled plastic clothing brand G3H10

Hyosung TNC, the fiber production unit of Hyosung Group, said Monday that it has launched a clothing brand to showcase garments made of recycled plastic and organic cotton. The first product from th...

Feb 8, 2021
[News Focus] World’s first ‘hydrogen law’ takes effect. What's in it?

To usher in the hydrogen economy, South Korea passed the world’s first hydrogen law. It centers on the development of an ecosystem for a hydrogen economy and expanded public access to the alternative...

Feb 8, 2021
Celltrion Pharm launches Remsima SC in Korea

Rheumatoid arthritis, inflammatory bowel disease can now be treated at home by patient

Feb 8, 2021
LG Display to invest additional $750m for its Vietnamese plant: reports

LG Display Co., a major display panel maker in South Korea, will make an additional $750 million investment in its plant in Vietnam, news reports showed Monday, as the company eyes expanding OLED pan...

Feb 8, 2021
Korea Shipbuilding bags W152b order from Oceania

Korea Shipbuilding & Offshore Engineering Co. said Monday it has won a 152 billion-won ($136 million) order from Oceanian companies. Under the deal, two 40,000-cubic meter liquefied petroleum gas (L...

Feb 8, 2021
$Doosan Infracore wins large-scale orders from emerging markets$

Doosan Infracore wins large-scale orders from emerging markets

Top construction equipment maker Doosan Infracore Co. said Monday that it has won orders of 221 units of construction equipment from emerging markets such as Asia, the Middle East, Africa and Central...

Feb 8, 2021
Celltrion's Remsima SC lands in S. Korea

South Korean biopharmaceutical firm Celltrion Inc. said Monday that its drug Remsima SC for the treatment of autoimmune diseases has begun sales in the country. The subcutaneous (SC) version of Rems...

Feb 8, 2021
Samsung seeks Texas tax cut for foundry, claiming $8.9b boost to economy

Samsung Electronics’ plans to build semiconductor foundry plants in the US could yield $8.9 billion in the local economy, according to analysis by Impact DataSource, quoted in Samsung Electronics’ le...

Feb 7, 2021
SK Innovation considers arbitration proceedings against Peruvian government

SK Innovation said Sunday it is considering initiating international arbitration proceedings against the Peruvian government for blocking the company’s exit from Camisea Gas Project in Peru. The Sou...

Feb 7, 2021
LG Chem brand value grows amid pandemic

LG Chem is the only firm among the world’s top seven chemical companies that saw its brand value grow amid the pandemic. According to the Brand Finance Chemicals 25 2021 report, the South Korean che...

Feb 7, 2021

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