S.Korea’s No.1 dried seaweed firm Kwangcheonkim on market for $295 mn

Kwangcheonkim Co., South Korea’s largest seaweed producer with a history spanning over 50 years, is up for grabs in a deal that could fetch up...

Global real estate market poised for strong rebound: Savills

The global real estate market is expected to pick up significantly over the next few years, with around $500 billion worth of real estate assets, he...

Samsung Bespoke AI Combo targets European market

Samsung Electronics Co. said on Sunday it held the showcase for launching its all-in-one washer-dryer, Bespoke AI Combo, in Berlin, Germany on Nov...

CJ Logistics opens cold-chain logistics center in Georgia

South Korea's CJ Logistics said on Thursday that it completed the construction of a large-scale cold-chain logistics center in the US and has begu...

Celltrion's Zymfentra gets 90% distribution channel in US

South Korean biosimilar maker Celltrion Inc. said on Monday its subcutaneous injection formulation for autoimmune diseases, Zymfentra (infliximab), ...

Korean PE funds shrink in 2023 for first time in 7 years

South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...

Daesang to scale up meal kits, kimchi production in Vietnam

Daesang Corp., South Korea’s leading food maker, said on Monday its two Vietnamese operations have each completed their second plant in the co...

Seaweed, dubbed ‘Korea’s black semiconductor,’ powers its economy

Dried seaweed, widely used to make kimbap, or seaweed-wrapped rice rolls, is often referred to as the “black semiconductor” in South Kor...

In Korean food prices, everything’s up: Now it’s dried seaweed's turn

First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other cou...

Inventage Lab, Yuhan to co-work for obesity treatment

South Korea’s Inventage Lab Inc. announced on Friday that it has signed a joint development agreement with Yuhan Corp. for a long-acting inj...

Cosmax targets Thailand with K-beauty cosmetic formulations

Cosmax Inc., South Korea's largest cosmetics manufacturer that specializes in original design manufacturing (ODM), announced on Monday that it is ac...

Young Poong, AJ Networks to form battery recycling chain in Europe

South Korea’s non-ferrous metal company Young Poong Co. has teamed up with AJ Networks to establish a secondary batteries resource circulation...

Celltrion to develop Humira biosimilar oral medication with US firm

South Korea's biopharmaceutical company Celltrion Inc. announced on Monday that it has signed a contract with the US biotech firm Rani Therapeutics ...

BOK chief says tightening not over after rate freeze

South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing gro...

Korean startup investments rapidly dry up in wake of SVB debacle 

The shock from the collapse of American startups’ main financing artery Silicon Valley Bank (SVB) has been deeply felt in the South Korean sta...

KCC launches Korea’s first organic water-based fire-resistant paint

South Korea's chemical and auto parts manufacturer KCC Corp. said on Thursday that it has launched the Firemask AQ Series, the first organic water-b...

Celltrion applies for EMA approval of smaller dose formulation of Yuflyma

Celltrion Inc. announced on Monday it applied to the European Medicines Agency (EMA) for approval of a 20 mg/0.2 mL formulation of Yuflyma, a biosim...

Daewoong, Onchorus to undertake research on mRNA anticancer drugs

Daewoong Pharmaceutical said on Thursday that it has signed a joint R&D and commercialization agreement with America's biopharmaceutical venture...

S.Korea's Alteogen signs $145 million tech export deal with Swiss company

South Korea's bio company Alteogen Inc. on Friday said it signed its fourth technology export contract since its 2018 development of the human recom...

KAI, KARI collaborate in developing Korean UAM 

Korea Aerospace Industries Ltd. (KAI) has signed an agreement with the Korea Aerospace Research Institute (KARI) to help KARI perform a dry run test...

SGC Energy signs 10-year contract to supply liquid CO2

South Korea’s SGC Energy Co. recently signed a contract to supply liquid carbon dioxide to a domestic company for 10 years starting January 20...

Helixmith acquires US patent on new freeze-dried formulation

South Korea's biotech company Helixmith Co. said Wednesday it has developed and patented a new freeze-dried formulation for Engensis (VM202), a non-...

Korean bio firms look to pills, patches for people who fear needles

Getting shots of a drug or vaccine over a long period is not easy for many people.That's probably why global biopharmaceutical companies and biotech...

Corporate Korea pumps the brakes on developer pay hikes 

South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...

Samsung looks to acquire bio company, reviews botox maker Hugel

Samsung Group is looking to buy a biopharmaceutical company as the top South Korean business conglomerate is resuming merger and acquisition activit...

Korean companies sit on record dry powder, may open M&A floodgates

South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A)...