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Biz & Tech

Manufacturing

Sat, January 23, 2021 | 17:09

EDGC releases self-checkup kit for COVID-19 in US

EDGC releases self-checkup kit for COVID-19 in US

Leading genetic sequencing and home medical service firm EDGC said Sept. 21 that it has released a new self-check kit for COVID-19 in the United States.

Ko Dong-hwan | 2020-09-24 13:54

Businesses' woes deepening over 'fair economy act'

Businesses' woes deepening over 'fair economy act'

Concerns are growing among domestic businesses as lawmakers expedite efforts to introduce a set of new regulations on corporations that restrict the largest stakeholder's control of corporate boards. Companies claim the regulations, dubbed “the fair economy act,” will limit their capability to prevent activist funds' attempts to place outside directors of their choice on the ...

Nam Hyun-woo | 2020-09-23 17:03

SK IE Technology to sell stake worth 300 bil. won to PEF

SK IE Technology to sell stake worth 300 bil. won to PEF

SK IE Technology Co., a South Korean manufacturer of lithium-ion battery separator, plans to sell its stake worth 300 billion won ($258 million) to local private equity fund Premier Partners, people familiar with the matter said Tuesday.

2020-09-22 20:47

Samsung Biologics inks manufacturing deal with AstraZeneca

Samsung Biologics inks manufacturing deal with AstraZeneca

South Korea's top pharmaceutical firm, Samsung Biologics Co., said Tuesday it has signed a long-term supply agreement, valued at approximately US$330.8 million, with British-Swedish bio giant AstraZeneca Plc. Under the contract manufacturing organization (CMO) agreement, Samsung Biologics will provide large-scale commercial manufacturing for drug substance in its third plant ...

2020-09-22 09:32

Amid COVID-19, large conglomerates restructuring businesses

Amid COVID-19, large conglomerates restructuring businesses

Large conglomerates are rapidly restructuring their businesses in an effort to help cushion the negative impact caused by the prolonged COVID-19 pandemic.

Baek Byung-yeul | 2020-09-21 17:15

GC Pharma to speed up clinical trials of COVID-19 plasma therapy

GC Pharma to speed up clinical trials of COVID-19 plasma therapy

South Korea's biotech company GC Pharma will soon begin advanced clinical trials of its plasma therapy treatment for the novel coronavirus both locally and globally, company officials said Monday. The plasma therapy, known as GC5131, is a type of hyperimmune globulin drug that uses blood plasma taken from people who have fully recovered from COVID-19 infections. It is conside...

2020-09-21 10:51

Samsung Biologics wins tumor treatment development contract

Samsung Biologics wins tumor treatment development contract

Samsung Biologics said Thursday it reached a deal to develop Panolos Bioscience' solid tumor treatment candidate substance, PB101.

Nam Hyun-woo | 2020-09-17 16:00

LG Chem decides to spin off its battery biz

LG Chem decides to spin off its battery biz

LG Chem Ltd., South Korea's leading chemical company, said Thursday that it has decided to spin off its battery business in a move to further boost its leading position in the sector amid growing demand for electric vehicle (EV) batteries. The spinoff is scheduled on Dec. 1, the company said in a regulatory filing.

2020-09-17 11:57

Growing legal risks haunt Korean conglomerates

Growing legal risks haunt Korean conglomerates

Domestic conglomerates are suffering from growing legal risks that are stalking their owners and chief executives, which could potentially hinder them from making important managerial decisions. As the COVID-19 pandemic has placed chaebol - as they are known in Korea - at a critical juncture where they must reshape their business strategies, industry watchers say the absence ...

Nam Hyun-woo | 2020-09-15 16:52

US WeChat ban to deal devastating blow to LG, Samsung

US WeChat ban to deal devastating blow to LG, Samsung

The U.S. government is scheduled to announce additional sanctions on China, Tuesday, which many industry watchers believe will include specific details on the ban on China's most-used application WeChat. The ban will become a devastating blow to LG as it supplies millions of displays to Apple and the ban will force many Chinese iPhone advocates who are considering whether to ...

Kim Hyun-bin | 2020-09-14 16:31

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