Macrogen’s COVID-19 test kit approved for export

Macrogen, a genomics biotech company, announced Thursday that its AxenTM Covid-19 RT test kit has gained the Drug Ministry’s approval for export. 　“We are planning to supply our test kit to major countries, which contacted us even during the test kit development phase and were looking forward to export approval together with us,” said Macrogen CEO Lee Su-kang.  　“We will not only improve our test kit’s performance to detect numerous mutations of coronaviru

Samsung Biologics bags CMO deals worth W468b

Samsung Biologics has bagged two contract manufacturing deals worth 468 billion won ($378 million) combined, according to its regulatory filing on May 22. 　The total value of the latest deals is equal to two-thirds of the company’s revenue for last year at 701 billion won. 　According to the biopharmaceutical unit of Samsung, it inked a contract manufacturing deal worth 284 billion won with global biopharma GlaxoSmithKline to manufacture the latter’s lupus treatment Benlysta. 　B

Tmon vows to turn profit by 10th anniversary

Tmon, an e-commerce platform in South Korea, promised on May 22 to turn profit this year as it marks its 10th anniversary. With the goal of going public, the firm’s Chief Executive Officer Lee Jin-won revealed his ambition to lead the e-commerce market. "Tmon is a company that has been labeled the most as ‘the industry’s first,’ in Korea’s e-commerce market. We started as the country’s first social-commerce (provider), and now created the title &lsquo

Macrogen’s COVID-19 test kit approved for export

Macrogen, a genomics biotech company, announced Thursday that its AxenTM Covid-19 RT test kit has gained the Drug Ministry’s approval for export. 　“We are planning to supply our test kit to major countries, which contacted us even during the test kit development phase and were looking forward to export approval together with us,” said Macrogen CEO Lee Su-kang.  　“We will not only improve our test kit’s performance to detect numerous mutations of coronaviru

All it takes is a page a day

Espressobook CEO says anyone can become an author with the Harubook app

Linkflow seeks to be Korea’s first hardware unicorn with 360-degree wearable cameras

They may look like Bluetooth neckband headsets, but Linkflow’s FITT360 and NEXX360 are cameras that allow users to capture 360-degree shots of their surroundings. FITT360 and NEXX360 each have four cameras which constantly take photos and instantaneously process them into 360-degree videos. This camera concept was born out of founder Kim Yong-kuk’s romantic desire to capture the beautiful scenery of his honeymoon in Hawaii in all its glory.  Kim, who had at that point had

Ocado Solutions in talks with retailers to enter Korea

CEO Luke Jensen describes Korea’s retail market as “early adopter” to online groceries

Yubin, CEO and artist, is happier than ever

Yubin may be having the busiest year of her career, establishing her label rrr Entertaiment in February and now putting out a new digital single “Me Time.” Its release date, May 21 (521), read backward is the date she left JYP Entertainment, January 25 (125), 13 years after debuting as a member of Wonder Girls. The track has already garnered a buzz for mentioning JYP in the lyrics: “I’m freaky freakin’ happy / I feel free / THX JYP but Free now.” “

20-somethings hit hardest by pandemic job losses

SEJONG -- While the novel coronavirus has dealt a serious blow to people of all ages in terms of employment in South Korea, it has hit younger people especially hard. According to Statistics Korea, the employment rate among those in their 20s stood at 54.6 percent as of April, down 3.5 percentage points from 58.1 percent in January, when the nation reported its first case of COVID-19. For people between the ages of 20 and 29, the employment rate posted its steepest decline. Next were peopl

Caught between the US and China, Korean chipmakers on edge

South Korea’s chipmakers are again on edge over the second round of technology war between the United States and China involving semiconductors, according to industry sources Monday. Although the flagship businesses of Samsung Electronics and SK hynix pivot on memory products, which aren’t yet subject to the new US sanctions on China’s tech giant Huawei Technologies, worries are growing over the their dependence on US technologies broadly applied to the comprehensive proces

Re:spec Korando proves SsangYong Motor’s reason to survive

Automaker’s ambitious model returns with useful voice recognition system

China looms over Korea in high-tech race (1) : Chinese firms enter memory market

IT powerhouse Korea challenged as China wades in with economies of scale and US-China rivalry intensifies upon COVID-19