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New Dutch leader pledges to cut immigration as the opposition vows to root out racists in cabinet
Assembly debates ways to shield state agencies from North Korean cyberattacks
FM Cho voices hope for stronger ties with Luxembourg as embassy opens in S. Korea
Taxi crashes into hospital in central Seoul, injuring 2
Top nuclear envoy discusses NK-Russia threats with foreign diplomats in Seoul
FSS slaps record short selling fine on Credit Suisse
[Herald Interview] Murder by design: 'The Consultant' examines dark side of corporate restructuring
Main opposition tables special probe bill into Marine’s death
Dutch state museum shows Korean Buddha statue for first time
Main opposition floats 10-year mandatory service for junior doctors
[Today’s K-pop] Ateez opens pop-up store in Seoul
[Herald Interview] As pianist and now actor, Yoo Sun Hee bridges cultures
Lotte Biologics breaks ground for first plant in Songdo
Basketball star's messy dispute with ex-girlfriend continues
Dead marine's mother petitions to punish commanders
[Herald Interview] INSEAD professor explores power of K-brands’ ‘identity marketing’
Korea to provide W25tr support for debt-laden small business owners in H2
Seoul stocks close higher on hopes for Fed's policy pivot
Korea to weigh in on food delivery fees
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[On the Bar] Virtual currency subject to confiscation, Supreme Court rules
Jan 20, 2019
On the Bar is a regular column written by attorneys at Yoon & Yang LLC on various laws and regulations that affect running a business in Korea. The content provided here is general legal information. -- Ed.Last year for the first time, the Korean Supreme Court recognized a cryptocurrency as an “asset with measurable value.” In its landmark ruling on May 30, 2018, the Supreme Court held that cryptocurrency has a property value and is subject to confiscation as criminal proceeds if obtained illega
JW Pharmaceutical gains Korean approval for Hemlibra
Jan 20, 2019
JW Pharmaceutical said Sunday that it had gained the South Korean drug regulator’s nod to begin domestic sales of the hemophilia treatment Hemlibra, developed by Chugai, a Roche-owned company.JW Pharmaceutical obtained an exclusive license to sell Hemlibra on the Korean market in 2017.The Ministry of Food and Drug Safety has now approved the antibody for the treatment of patients with hemophilia A, with or without factor VIII inhibitors. (flickr @zhouxuan12345678)Hemlibra is the first, and so fa
[Photo News] Newest hightech closet
Jan 20, 2019
HIGH TECH CLOSET -- A model poses next to LG Electornics’ latest refurbished steam closet that hits the local market, Monday. The second product to LG’s high-end “Black Edition” smart closet line, the Tromm Styler Black Edition Slim has reduced in size from the previous capacity to hang six items to four, the company said. Its full mirror facade aspires to add to interior-design. Tromm Styler was globally acknowledged at the CES 2019 with “CES 2019 Innovation Awards.” (LG Electronics)
Samsung Bioepis’ breast cancer biosimilar gains FDA approval
Jan 20, 2019
Samsung Bioepis’ Ontruzant, a breast cancer treatment biosimilar referencing Roche’s Herceptin, won US Food and Drug Administration approval Saturday, expanding the list of Herceptin successors in the US market to three.Ontruzant is the third FDA-approved biosimilar of Switzerland firm Roche’s blockbuster breast cancer antibody. Its FDA approval is preceded by Mylan’s Ogivri in December 2017, and Celltrion’s Herzuma in December 2018.The three firms’ biosimilars are expected to simultaneously hit
Exports of small firms hit record high in 2018
Jan 20, 2019
Exports of small and medium-sized South Korean firms hit a record high of $114.6 billion last year, government data showed Sunday, due to a robust global manufacturing sector.The figures represent an 8 percent increase from 2017, according to the data compiled by the Ministry of SMEs and Startups. It was the second straight year that the export volume of small and medium-sized firms surpassed $100 billion.By product, plastic goods remained the top export item for the second consecutive year with
S. Korea’s shipbuilding sector shows signs of recovery
Jan 18, 2019
Hyundai Heavy, DSME log lump sum orders this week
Celltrion clears the way for domestic sales of leukemia treatment biosimilar
Jan 18, 2019
Biosimilar maker wins patent nullity suit against Samsung Biogen
[Eye Plus] An afternoon in a hanok
Jan 17, 2019
North European and classic American styles have prevailed among interior design fanatics in South Korea in recent years.But before the invasion of Western culture, it was mostly wooden furniture -- made from either maple or paulownia -- that was favored by aristocrats in the 18th and 19th centuries. The Korea Furniture Museum in Seongbuk-dong, northern Seoul, invites visitors to take a break -- and perhaps, travel back in time -- inside hanok, or traditional Korean houses, where more than 2,500
NPS to exercise shareholder rights over Korean Air, Hanjin KAL
Jan 17, 2019
State pension fund operator gestures at activating ‘stewardship code’ over companies
Naver updates translation service for Korean honorifics
Jan 17, 2019
South Korean internet giant Naver released an update to its online translation service that is capable of rendering English into honorific Korean, as foreign users have often found it difficult to replace English words with formal and polite Korean expressions. According to Naver on Thursday, users who update the company’s automated translation app, Papago, can receive translations in honorific Korean if they turn on the “honorific button” in the input box. Currently, the updated service is ava
‘Korean biopharma on brink of explosive global growth, only needs nudge’: KPBMA
Jan 17, 2019
Biopharma body urges governmental support for paradigm shift from local market to global
Oceans ministry to share marine technologies with local firms
Jan 17, 2019
South Korea's oceans ministry said Thursday it will share marine robotics technologies developed by state-run institutions with local companies to cut the costs of renting foreign machines.The Ministry of Oceans and Fisheries and the Korea Institute of Ocean Science & Technology said they have decided to share three different marine construction robot technologies with local companies. (Yonhap)By sharing the technology, the oceans ministry said local firms could save more than 10 billion won ($8
LG Chem joins global group for ethically sourced minerals
Jan 17, 2019
LG Chem Ltd., a major South Korean EV battery maker, said Thursday that along with other global firms, it plans to use blockchain technology to trace and validate ethically sourced minerals. In a bid to support human rights and environmental protection, as well as help infuse more transparency into global mineral supply chains, LG Chem, Ford Motor, Huayou Cobalt, IBM and RCS Global will begin with a pilot focused on cobalt and explore the creation of an open, industrywide blockchain platform th
Venture minister vows to expand support for startups
Jan 17, 2019
South Korea's venture minister said Thursday that the government is committed to expanding support for startups, which eventually would jack up employment.Venture investment in South Korea is estimated at 3.4 trillion won ($3.04 billion) last year, which marks a hike of over 40 percent from a year earlier, according to Minister of SMEs and Startups Hong Jong-haak.(Yonhap)"For this year, state-involved venture investment funds will be boosted, and the government will encourage private investors t
‘League of Legends’ Champions Korea spring 2019 opens
Jan 16, 2019
Biannual esports league “League of Legends” Champions Korea’s 2019 spring split season opened Wednesday, with SK Telecom T1 and Jin Air Green Wings going head-to-head in the first match at LoL Park in Jongno, Seoul.The 10 teams competing in this split, which will continue through March, are the Afreeca Freecs, Damwon Gaming, Gen.G, Griffin, Hanwha Life, Jin Air Green Wings, Kingzone DragonX, KT Rolster, Sandbox Gaming and SK Telecom T1.SK Telecom T1 and KT Rolster have garnered much attention, w
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At least 9 dead in central Seoul car accident: reports
Vehicle malfunction or negligence? Probe of deadly car crash begins
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Deadly car accident reignites debate over senior drivers
[From the Scene] Passersby, families mourn tragic deaths of 9 killed by wrong-way driver
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Yoon calls for swift response to central Seoul accident
Boy stabs female classmate before jumping out window
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Samsung Electronics union in South Korea declares strike
Korea soft-launches longer forex trading hours
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No kids at the pool? Hotels turn back on families
[Today’s K-pop] BTS’ Jin to carry torch for Paris Olympics: report
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