Samsung Bioepis gets FDA OK for its interchangeable biosimilar

Byooviz, a biosimilar of the macular degeneration treatment Lucentis and made by South Korea’s Samsung Bioepis, has received official design...

NPS to expand listed REIT, private debt investments

South Korea’s National Pension Service (NPS) will increase investing in real estate debt and listed real estate investment trusts (REITs) next...

Space industry to usher in Saudi Arabia's 2nd boom: KAI

Korea Aerospace Industries Ltd. (KAI) on Wednesday signed a memorandum of understanding with the Saudi Space Agency (SSA) to collaborate broadly in ...

S.Korean public sector's ICT systems to fully convert to cloud

South Korea’s public sector, barring extenuating circumstances, will build its information and communications (ICT) systems in private clouds ...

Medytox to enter China’s botulinum toxin market with Newlux

South Korean pharmaceutical company Medytox Inc. on Tuesday announced its plan to enter the Chinese market for botulinum toxins (BTX) with its cut...

KIC eyes private debt, infrastructure in era of high interest rates

Sovereign wealth fund Korea Investment Corp. (KIC) is eyeing infrastructure and private debt in the era of higher-for-longer interest rates, while m...

Mobile carrier LG Uplus makes inroads into EV charger market

LG Uplus Corp., South Korea’s mobile and broadband service provider, has released the prototype of its first electric vehicle charger to make ...

Hanmi Pharma’s Phase 3 trials for anti-obesity medicine approved

South Korea’s Hanmi Pharmaceutical Co. on Monday said the Ministry of Food and Drug Safety approved Phase 3 clinical trials for the company&...

Korea’s antitrust body grants conditional OK to Broadcom-VMware deal

South Korea’s antitrust regulator on Monday granted conditional approval for US smartphone components maker Broadcom Inc.’s proposed pur...

Toray Advanced Materials to spur carbon fiber production in Korea

Toray Advanced Materials Korea Inc. (TAK) broke ground on its new facility for carbon fiber production in Gumi, North Gyeongsang Province on Monday,...

SK Telecom, Mars Auto to advance self-driving large trucks

South Korea's SK Telecom Co. signed a memorandum of understanding (MOU) on Monday with the autonomous driving startup Mars Auto for cooperation in t...

Korea’s exports set to snap 12-month losing streak in October

South Korea may snap its 12-month-long losing streak in exports this month after it reported an on-year gain in exports in the first 20 days of Octo...

Paris Baguette to enter Middle Eastern halal market

Paris Baguette, the bakery franchise owned by South Korea's SPC Group, said on Monday it has signed a memorandum of understanding (MOU) with UAE-b...

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Alternative investment forum ASK 2023 to begin Oct. 25 in Seoul

Major institutional investors in South Korea and global asset managers will share their views on the world economy and asset allocation strategies a...

CJ CheilJedang to export K-Street Foods

South Korean food company CJ CheilJedang Corp. ’s strategic product lineup K-Street Food will be launched in June next year on major global ma...

Hyundai, Kia aim for 20% share in Middle East with EVs by 2030

Hyundai Motor Co. and its sibling Kia Corp. together target selling 550,000 cars annually in the Middle East by 2030 to control about 20% of the reg...

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

South Korea attracts more African countries to food project

South Korea is increasing the number of African countries participating in its official development assistance (ODA) project to alleviate the chroni...

TikTok to host offline concert in S.Korea

TikTok announced on Friday that it will hold its first-ever offline live concert, "TikTok Stage The Shout," in South Korea on the 9th of next month....

SK Group needs agility to survive disruptions: chairman

South Korea's No. 2 conglomerate SK Group needs agile responses to rapidly changing business circumstances amid global geopolitical crises, C...

Naver-invested Nota AI named global leader in AI optimization

South Korea’s Nota AI, an artificial intelligence (AI) optimization model company with investment from Naver D2 Startup Factory (D2SF), an inv...

Korea steps up pressure on private sector to ease inflation

South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...

Hyundai partners with University of London for African market strategy

Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...

Koreans work longer hours than OECD average? Not in some sectors

South Korea has had notoriously long working hours for decades.Long hours – alongside high levels of education and an increase of women in the...

HDC IPark Mall opens S.Korea's first Nintendo pop-up store

South Korea’s HDC IPark Mall has opened Japanese game giant Nintendo’s first official pop-up store at the Yongsan location in Seoul fr...

Lotte Duty Free focuses energy on stores in Seoul

South Korea’s Lotte Duty Free, which removed its stores from Incheon International Airport in late June, is channeling its energy toward boost...

MZers fuel Disney Store's boom in S.Korea's offline market

The Disney Store has become one of the hottest spots within Hyundai Department Store branches since the department store operator has opened three o...

HD Hyundai Infracore to develop truck battery packs

South Korea's HD Hyundai Infracore Co. plans to enter the electric commercial vehicle market through the development of truck batteries.The company ...

Blackstone names Koramco preferred bidder for $553 mn landmark

Blackstone Inc. has tapped South Korea’s Koramco REITs Management and Trust Co. as the preferred bidder for prime office building Arc Place, t...