South Korean biopharmaceutical company EuBiologics announced Wednesday that it will commence phase two clinical trial of its COVID-19 vaccine candidate EuCOVAC-19. EuBiologics plans to conduct the clinical study of its synthetic antigen-based vaccine candidate from the end of this month on a total of 230 people, with an aim of completing it by October, the company said. EuBiologics said the company has seen positive results from the phase one trial in terms of the safety and immunogenicity

A homegrown autonomous driving vehicle will begin its first trial run next week, the Electronics and Telecommunications Research Institute said Wednesday. AutoVe is a level 4 self-driving vehicle that does not have a driver’s seat. With no human assistance, the six-seater car is driven solely by the research institute’s artificial intelligence system, coupled with a self-developed voice recognition system. Passengers can just talk to the car to set up the destination, it said.

South Korea’s Daewoong Pharmaceutical signed an agreement to license out its gastroesophageal reflux treatment Fexuprazan to US biotech firm Neurogastrx, the company announced Tuesday. Under the contract worth $430 million in total, Daewoong will receive milestone payments of undisclosed amounts when stages are completed in the drug’s development process in the US, in addition to royalties based on its future sales in the US and Canada. Daewoong has also received a 5 percent equi

KT Corp., a South Korean telecom giant, said Wednesday it has partnered with global cloud service operator Amazon Web Services Inc. (AWS) in a move to bolster its push to develop artificial intelligence (AI) and cloud technologies. The two companies agreed to pursue joint research in AI and cloud technologies as well as collaboration in media businesses, KT said in a statement. The telecom operator said it plans to launch a contact center service that combines its AI-based contact center servi

All-in-one Tower for LG’s CordZero vacuum cleaners to hit global market in H2

LG CNS, an IT solution affiliate of LG Group, said Tuesday the company will provide artificial intelligence tutor services to support public English education at elementary through high schools in Seoul. The LG affiliate said it signed a memorandum of understanding with the Seoul Metropolitan Office of Education on Monday to cooperate on an English teaching service dubbed “AI Tutor,” which will run based on the firm’s artificial intelligence program. The memorandum will

SK Telecom Co., a major South Korean wireless carrier, said Tuesday it will launch a virtual reality (VR) game for Facebook Inc.'s Oculus Quest devices in a move to bolster its presence in the VR sector. "Crazy World VR," playable on Oculus' Quest 1 and 2 devices, features a range of sports games from archery and tennis to bowling in VR and allows users to compete with other players around the world in real time. The game, slated to launch Wednesday, also incorporates characters from

US pharmaceutical company Moderna may produce the drug substance for its messenger RNA-based COVID-19 vaccine in South Korea, a local media outlet reported Monday. The company is reviewing options for the vaccine substance production here, including building its own production facility in Korea and partnering with a local firm, the report said, quoting Corrine Le Goff, Moderna’s chief commercial officer. The executive did not provide further details. The US-based pioneer in mRNA techno

Hanwha Techwin will deploy a cutting-edge surveilling camera system on South Korea’s easternmost Dokdo islets, the company announced Monday. Two cameras with 8K superhigh resolution from the firm will be installed at the residential accommodation and heliport. Offering a live feed of images, they will help authorities to monitor and prevent any disaster or accident near the islets, the firm explained. Hanwha Techwin, a unit of Hanwha Group specializing in video security solutions, deve

SK Telecom Co., a major mobile carrier, denied a news report Monday that it is planning to sell a stake in its e-commerce unit 11Street to US retail giant Amazon.com Inc. in a bid to bolster its online retail business. Local media had earlier reported that Amazon will exercise its right to acquire a 30 percent stake in 11Street, and that the US retailer could acquire up to a 50 percent stake in the South Korean e-commerce company. SK Telecom and Amazon strengthened ties in November last year t

Samsung Electronics has developed stretchable OLED displays that can stick to skin like rubber bands and monitor the wearer’s heartbeat, it said Sunday. According to the South Korean tech giant, researchers at its in-house R&D unit Samsung Advanced Institute of Technology have successfully melded a stretchable organic light-emitting diode display with a photoplethysmography sensor into a single device to measure and display the user’s heart rate in real time. “The str

South Korea injected the most in investments for purchasing semiconductor equipment during the first quarter this year, market data showed Friday. According to the latest report from Semiconductor Equipment and Materials International, the combined investment for semiconductor equipment across the world during the first quarter reached $23.5 billion, up 51 percent on-year. Under the lead of top market players such as Samsung Electronics and SK hynix, South Korea accounted for around 31 percen

Samsung Electronics is expected to enjoy price increases of solid-state drives in the forthcoming months, due to robust demand from data center providers, market data showed Friday. According to the latest report from Taiwan-based market researcher TrendForce, contract prices of enterprise SSDs for the third quarter this year are expected to jump 10-15 percent on-quarter. The report attributed the price hike to the cloud service providers in the North American region that have recently been

Samsung Electro-Mechanics, an electronic part manufacturing affiliate of Samsung Electronics, said Friday the company’s Busan plant has received international certification for its efforts to minimize industrial waste. Underwriters Laboratory, a global safety certification institution, has validated the Samsung affiliate’s Busan plant that manufactures key components including multilayer ceramic capacitors with a gold grade for its efforts to reduce landfill waste. Underwriters

Samsung Electronics said Friday that it has sent out official invitations to global media and business partners across the world for the upcoming online event to present its network business to a global audience. Entitled “Unleashing the Full Power of 5G,” the show slated for June 22 is the first public event to showcase Samsung’s network solutions. President Jeon Kyung-hoon, Samsung’s network business head, is expected to appear on the stage to introduce a lineup o