Samsung BioLogics, a contract manufacturer of biologic drugs under South Korean electronics giant Samsung Group, said Wednesday that it has obtained six manufacturing certifications for biologic drugs produced at its first plant in Songdo, Incheon.　Three monoclonal antibody drugs manufactured by Samsung BioLogics on behalf of its two clients Roche and Bristol-Myers Squibb were approved by the European Medicines Agency in July, the Korean biopharma CMO said.　Of the three products, two were newly

Consultant Steve Shin, 38, is putting away money each month to buy things on his wish list: a beam projector, a drone, and a remote-controlled car. “I actually wanted to buy a convertible, but that seems a little over the top. I want to buy something for myself, and I think my wish list is pretty reasonable,” Shin said.Shin is among a growing number of middle-aged men who are interested in collecting gadgets as a hobby, opening up a new market of untapped consumers for the sluggish retail sector

South Korea’s battery and chemical company LG Chem is pushing for a merger with LG Group’s pharmaceutical affiliate LG Life Sciences in an apparent move to catch up with Samsung’s bio business, industry sources said Tuesday. “We are considering a merger with LG Life Sciences although the exact date has not been confirmed yet,” an LG Chem official said. The group’s top management recently decided not to sit back and watch as the Samsung Group pours money into the bio business and Hanmi Pharmaceut

LG Electronics Inc. will unveil a new premium smartphone this week as it seeks to revive its struggling handset business. The V20 smartphone, to be announced on Wednesday in Seoul, is the first smartphone in the world to run on Google's latest Android mobile operating system called "Nougat."  A teaser image of the LG V20 (Yonhap file photo)Following disappointing sales of another premium smartphone, the G5, earlier this year, LG's handset business division posted its fifth consecutive quarterly

South Korea's government on Tuesday rolled out a set of measures to promote the so-called maker movement, as it is heralded as a new industrial trend that will eventually lead to more startups.The term refers to a social trend in which anyone with creativity and innovation can now be a maker of products and ideas thanks to the widespread availability of technology and access to information, the Ministry of Science, ICT and Future Planning said.The announcement was made after a Cabinet meeting pr

South Korean consumers who already bought the Galaxy Note 7 smartphones are expected to prefer to replace their Note 7 devices with new ones rather than receive complete refunds because of a longer period for the replacement program, industry officials said Tuesday. Samsung announced a global recall of the Note 7 smartphones on Friday after some of their batteries caught fire while being charged. Mobile carriers in South Korea are also offering full refunds for the Note 7. The refund program wil

South Korea's National Assembly said Monday Samsung Electronics Co. has produced 490,000 units of the Galaxy Note 7 phablet since last month in the country, adding it has identified only 35 devices with faulty batteries worldwide so far.The announcement came after Samsung announced a global recall of the Note 7 smartphones on Friday as some of their batteries caught fire while being charged. Samsung also decided to replace all Note 7 smartphones sold to customers with new ones.The Trade, Industr

Samsung Electronics has reportedly decided to stop using batteries produced by its affiliate Samsung SDI in its new smartphone Galaxy Note 7 after defects found in some of the batteries led to a sweeping recall of over 2 million phablets worldwide. “As a follow-up of the battery issue, we decided to temporally stop using Samsung SDI’s battery for Galaxy Note 7,” several local media outlets reported on Monday, citing sources from Samsung Electronics. (Local online community)Samsung SDI supplies 7

TV chief says LG in talks with aircraft manufacturers for OLED windows

The mass recall of the Galaxy Note 7 smartphones over faulty batteries is expected to cut Samsung Electronics Co.'s second-half operating profit by about 820 billion won ($738.2 million), an analyst said Monday. Samsung announced a global recall of the Note 7 smartphones on Friday after some of their batteries caught fire while being charged. Samsung also decided to replace all Note 7 smartphones sold to customers with new ones.Hwang Min-sung, the analyst at Samsung Securities, said he expects t

BERLIN -- The People’s Party’s former Chairman Rep. Ahn Cheol-soo on Saturday criticized President Park Geun-hye’s policy on small and medium-sized companies in South Korea during a rare visit to the annual IFA trade show.Describing the business-to-business environment in Korea as a “zoo,” Ahn said many Korean small and medium-sized enterprises have had limited opportunities to grow as they were forced to make an exclusive contract with one conglomerate, blocking them from supplying products to

LG Electronics’ chief confident in premium marketing, business-to-business segment, but concerned about Hanjin crisis due to possible supply delay

The "power of communication" between Samsung Electronics Co.'s management and young engineers greatly influenced the company's decision to order a global recall of its Galaxy Note 7 phablet for faulty batteries, company officials said Sunday. An engineer at a Samsung Electronics service center in downtown Seoul checks a Galaxy Note 7 smartphone`s battery voltage. (Yonhap)On Friday, the tech giant made a public apology for the battery problem that has been linked to some of its smartphones catchi