South Korean pharmaceutical giant Celltrion is pushing for a broader use of its COVID-19 treament, Regkirona, both here and abroad. Presently, Regkirona, or CT-P59, is allowed to be used on patients with severe symptoms or high risk groups with mild symptoms only. The company said Wednesday that it has asked the Ministry of Food and Drug Safety for permission to use on COVID-19 patients aged over 12, with mild or severe symptoms. Celltrion said it has filed clinical data from its phase 3 cli

LG Electronics announced Wednesday that the company will join the Business Ambition for 1.5°C, an international alliance of companies for carbon emission reductions. The global campaign led by the UN, calls on businesses to set targets to limit global temperature rise to 1.5 degree Celsius above pre-industrial levels. The collaborative action, which is in line with the Paris Agreement, also seeks for net zero carbon by 2050, the company added. LG Electronics is the first South Korean fi

Samsung‘s presence in processor, foundry markets remains weak, but is expected to spur investments with its chief back at the helm

SK Bioscience has been given the green light to proceed with a late stage clinical trial of its COVID-19 vaccine candidate, heightening expectations for a homegrown vaccine becoming available next year. The Ministry of Food and Drug Safety announced Tuesday that it has given approval to the SK Group company’s plan for the final-stage Phase 3 study of GBP510, based on interim data from the company’s phase 1clinical trial. Developed in collaboration with the University of Washingt

Two days into online vaccine bookings for those aged 18-49, South Korea has experienced no major errors and system crashes so far, unlike previous sessions for other age groups. According to government officials, the main reason behind the smoother operation is a reduction of traffic. The country has divided the eligible population into 10 groups, depending on the last digit of their birth date, and allows them to book their vaccine slots only on a designated day that matches their number.

Samsung expected to expedite major decisions to fend off rising challenges in chip industry

Now granted parole, Samsung Group’s de facto leader Lee Jae-yong will be released from the Seoul Detention Center at 10 a.m. Friday. His freedom, however, could be short-lived, as he is fighting two more criminal trials -- one on alleged accounting fraud and other offenses during a merger of two Samsung affiliates and another for his alleged use of the anesthetic propofol without a prescription. He was behind bars for his conviction for bribing former President Park Geun-hye as part of

Labor and management at Samsung Electronics are to sign a collective agreement Thursday, the first in the company’s history. The IT firm officially abandoned its controversial “no union” policy in 2019. According to the two sides, representatives of management and labor agreed on a 95-clause pact dealing with compensation for occupational injuries, human resources management and the protection of union activities. A signing event will take place Thursday, with the location y

Every summer around this time, South Korea releases hundreds of prisoners either on parole or pardons, in celebration of Liberation Day on Aug. 15. This year, the traditional practice of clemency has drawn particular attention as it could include one of the richest men in the country: Samsung Electronics Vice Chairman Lee Jae-yong, the de-facto chief of Samsung Group. Come Monday, a parole committee within the Ministry of Justice will convene for a final review of candidates, which will det

Firm sees 66% increase in Q2 operating profit based on balanced growth of advertisements, commerce and content

Company confident in staving off challenges from smaller memory rivals, but long-term outlook remains a question

More than 6 out of 10 South Korean parents are willing to have their children vaccinated, a local survey has found. A research team at Busan National University Hospital published the findings Thursday after it had surveyed 343 individuals across the country between May 25 and June 3. A total of 226 of those polled were parents with children under 18, while the rest were children and adolescents between the ages of 10-18. The survey was conducted when the inoculation age limit was 16, the r

South Korea's ICT ministry said Thursday it will expand support to small businesses to help them ward off ransomware threats after it raised the country's cyberthreat warning level a day earlier. Cyberattacks using ransomware, a type of malware that holds a target's data hostage by locking up systems until a ransom is paid, have been on the rise in South Korea, with 78 such attacks reported to the country's internet security agency in the first half of the year, compared with 39 in 2019 and 127

The number of smartphone users on 5G mobile networks topped 16 million as of June, data showed Thursday, as subscriptions to the latest generation networks continued to grow despite a lack of new flagship 5G phones. The total number of 5G users reached 16.47 million in June, accounting for around 23 percent of the total 71.63 million mobile subscriptions in the country, according to the data from the Ministry of Science and ICT. The latest data marks an increase from 15.84 million in May. Sout

Turbulent market following China’s move to strengthen regulation on games highlights risks facing Korean game developers and investors