Samsung Bioepis, one of Samsung’s healthcare affiliates, said Wednesday it has signed an agreement with U.S. pharmaceuticals giant Merck Sharp & Dohme Corp. to cooperate in the biosimilar sector.Under the deal with the New Jersey-based company, Samsung Bioepis will take charge of developing, testing and manufacturing biosimilar products, the company said in a press release.Merck will use its global distribution network to promote and sell biosimilars, officially approved copycat medicines develo

HONG KONG (Yonhap News) ― China has emerged as the world’s largest smartphone market on the rising demand of the device, overtaking the United States, a market report showed Wednesday.The number of smartphones sold in China is estimated to 150 million units between January 2012 and January 2013, industry researcher Flurry said. During the same period, a total of 55 million smartphones were sold in the U.S., according to Flurry.A total of 246 million units were used in China as of January, while

LG Display Co. said Wednesday it has dropped its request for a domestic sales ban on Samsung Galaxy Note10.1 devices, raising hopes the No. 2 display maker and its rival Samsung Display Co. are inching closer to settling their longstanding quarrel over display technology.LG Display and Samsung Display, the world’s two biggest display makers, have been involved in a legal squabble over organic light-emitting diode and liquid-crystal display technology following investigations into an alleged leak

Apple on Tuesday said it was hit by hackers who wormed their way into the California company's system but evidently failed to steal any data.The maker of iPhones, iPads, iPods, and Macintosh computers said it is working with law enforcement officials to hunt down the hackers, who appeared tied to a series of recent cyber attacks on U.S. technology firms."The malware was employed in an attack against Apple and other companies, and was spread through a website for software developers," Apple said

LG Display will invest 706.3 billion won ($655 million) to add a new production line for large-sized organic light-emitting diode, or OLED, panels for televisions, the company said on Monday in a corporate filing. The new line, called the M2 line, is located in Paju, Gyeonggi Province, and will have a monthly production capacity of 26,000 units. LG Display said it would aim for mass production during the first half of next year, as part of its plans to dominate the OLED TV market over the next s

Apple Inc. and Samsung Electronics Co. identified products they allege infringe their patents for smartphones and tablet computers as part of a lawsuit in federal court in San Jose, California.The filings on Friday were made in a newer of two related patent cases. The lawsuit, scheduled for trial in March 2014, was filed last year and covers technology in newer smartphones made by both companies, including Samsung’s Galaxy S III and Apple’s iPhone 5.In its filing on Friday, Cupertino, California

Feb. 16 (Bloomberg) -- Facebook Inc., operator of the largest social network with more than 1 billion members, is working with the U.S. Federal Bureau of Investigation to probe a malware attack, people with knowledge of the matter said. Facebook said yesterday that it was subjected to a “sophisticated attack” by hackers last month, without saying where the attack originated. Investigators haven’t found any evidence that user data was compromised, Menlo Park, California- based Facebook said on it

In its 95-year history, Panasonic Corp. has grown into a consumer-electronics giant producing everything from TVs to eyelash curlers. New President Kazuhiro Tsuga is deciding what it can’t afford to make any more. Next month, the head of the company that lost more than 1.3 trillion yen ($14.1 billion) since April 2011 will explain which products he wants consigned to Panasonic’s past. He plans to cut the number of business units by a third to focus on those offering the best profit margins, such