Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Monthly users on local streaming platforms outpace Netflix, Disney+
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Seoul to promote luxurious side of the city
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FTC to keep eyes on unfair practices in e-commerce sector
Amid growing scrutiny of online giants Naver and Kakao, South Korea’s antitrust watchdog chief on Friday spoke of the need to regulate massive online platforms in order to better protect small vendors and consumers. “E-commerce platforms have brought new benefits and convenience, but concerns over side effects have newly arisen,” Joh Sung-wook, chairperson of the Fair Trade Commission, said during a breakfast meeting organized by the European Chamber of Commerce in Korea.
Sept. 10, 2021
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S. Korea's mRNA vaccine consortium gets two new members
Two more local companies have newly joined the “K-mRNA vaccine consortium,” a local alliance of pharmaceutical companies dedicated to co-developing and co-producing homegrown messenger RNA vaccines. The consortium, led by Hanmi Pharmaceutical, GC Pharma and ST Pharm, on Thursday announced the participation of pharmaceuticals company Dong-A ST and medical equipment and materials maker Ecell, which it said will speed up its joint research and development of COVID-19 vaccines. Dong
Sept. 9, 2021
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GeneOne Life Science to begin phase 2 clinical trial of COVID-19 pill in Korea
Biotech firm GeneOne Life Science has received approval from the South Korean government to carry on with the phase 2 clinical trial of its investigational oral drug to treat COVID-19, the company said Thursday. GLS-1027 is an orally administered drug that could suppress the cytokine inflammations that lead to more serious lung diseases. Korea University Guro Hospital in Seoul will lead the administration of the drug candidate for the local study. GeneOne Life Science has been conducting p
Sept. 9, 2021
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[Herald Interview] KT buys UK-based Epsilon, on lookout for more
South Korea’s KT on Thursday announced the 170 billion-won ($145 million) acquisition of London-based data company Epsilon. A senior executive who led the deal told The Korea Herald that it is only the start of the telecom firm’s quest to transform into a major global “digico,” and that it is already on the prowl for another acquisition, with the target likely to be an IT solutions provider based here or elsewhere. “Epsilon is neither too large nor too small,
Sept. 9, 2021
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SK Telecom’s new subscription platform secures 150,000 subscribers in a week
The number of subscribers of SK Telecom’s new subscription-based e-commerce platform T Universe has exceeded 150,000 after its launch last week, SK Telecom said Wednesday. Some 30 percent of the subscribers use mobile networks provided by SK Telecom’s competitors, the company added. Previously, SK Telecom said the company aims to attract 36 million subscribers out of the country’s total population of 51 million by 2025. According to the telecommunications firm, around 70
Sept. 8, 2021
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S. Korean biotech firm Genome & Company to acquire US-based CDMO
South Korean biotech firm Genome & Company will acquire a 60 percent stake in US-based contract development and manufacturing organization List Biological Laboratories for $27 million, the company announced Wednesday. With the acquisition, Genome & Company, which specializes in immuno-oncology, seeks to secure materials needed for future clinical trials of microbiome-based therapies, CEO Bae Ji-soo told an online press conference. Founded in 1978, List Labs is a CDMO firm that owns m
Sept. 8, 2021
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LG Chem develops new material for foldable displays
LG Chem has developed a new material for foldable displays that is as hard as glass, but can bend both ways without the creasing issue, it said Tuesday. According to the South Korean firm, the “real folding window” could be used for surfaces of foldable smartphones, as well as other portable devices, including laptops and tablet PCs. Hard as glass yet thinner than existing polyimide films, the new material is a plastic film coated with the firm’s own coating technology tha
Sept. 7, 2021
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Severance Hospital to introduce telemedicine program for inpatients
Yonsei University‘s Severance Hospital has decided to introduce non-face-to-face care program for inpatients to increase efficiency and minimize the risk of virus infection amid the prolonged COVID-19 pandemic. Severance announced Tuesday that it will introduce the telemedicine application My Severance, which will make doctors’ ward rounds digital. Patients at the hospital will be advised to download the application, which will automatically send alerts to patients at the time o
Sept. 7, 2021
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Questions raised over duopoly of Naver and Kakao in platform industry
Last week, South Korea passed a bill aimed at preventing Google and Apple from abusing their app market duopoly, a move that garnered the media spotlight around the world. The so-called “anti-Google bill” revises the Telecommunications Business Act to stop the US-based Google from forcing local app developers to use its own payment system for in-app purchases. Industry watchers said Korean tech heavyweights in dominant market positions are also likely to face similar regulatory
Sept. 6, 2021
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Budget for COVID-19 research cut by 32 percent next year: lawmaker
The South Korean government is looking for a significant budget cut for COVID-19 vaccine and treatment development programs next year, a lawmaker said Monday. According to the budget proposal that main opposition People Power Party Rep. Jeon Bong-min acquired from the Ministry of Health and Welfare, the government plans to spend 89.3 billion won ($76 million) on support of COVID-19 vaccine and treatment development in 2022, down 32 percent compared to this year. Rep. Jeon said the support to c
Sept. 6, 2021
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JW Pharmaceutical obtains patent for homegrown gout treatment in Europe
South Korean drug company JW Pharmaceutical said Monday that a patent regarding its gout treatment URC102 has been granted by the European Patent Office. URC102 is a potential inhibitor of human uric acid transporter 1, which JW Pharmaceutical is developing as a potential treatment for patients with gout. It completed the phase 2b clinical trial in March, which involved 171 patients with gout here. According to the firm, the patent includes manufacturing measures for URC102 and a key intermed
Sept. 6, 2021
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Samsung still mulling over foundry plant in US
After months of contemplation over the location for a new foundry plant in the United States, Samsung Electronics appears to have one or two final candidates in mind, raising expectations about an imminent decision. According to news reports and industry sources on Monday, Samsung will soon make its decision on the location of a $17 billion chip plant in the US. Along with Austin, the state capital of Texas, Taylor in Williamson County, Texas, has recently risen as a possible candidate accor
Sept. 6, 2021
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Number of new drugs underway jumps 158% in 3 years
The number of drugs under development at South Korean companies has increased by 158 percent in the past three years, according to a local survey released Sunday. According to Korea Pharmaceutical and Bio-Pharma Manufacturers Association’s survey on 299 pharmaceutical and biotech companies here, 193 firms currently operate 1,477 new product pipelines, up 157.8 percent from 100 firms’ 573 pipelines in 2018. Of the 1,477 pipelines, 599 are for developing traditional nonbiologic pha
Sept. 5, 2021
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CJ OliveNetworks partners with Siemens on smart factory
CJ OliveNetworks, the ICT solutions provider of CJ Group, said Friday it is joining hands with Germany’s largest electric and electronic business Siemens on smart factories. On Thursday, CJ OliveNetworks CEO Cha In-hyok and Siemens Korea’s Digital Industry President Thomas Schmid signed an agreement at Siemens’ head office in central Seoul. Under the agreement, CJ will be responsible for developing solutions for the establishment of smart factories and operation and mainten
Sept. 3, 2021
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Naver to announce research results on Korean-language AI model at EMNLP 2021
Naver, the largest internet business in South Korea, will present seven research papers on natural language processing in artificial intelligence at a globally renowned academic conference, the company said Friday. Set to be held in the Dominican Republic from Nov. 7 to 11, the Empirical Methods in Natural Language Processing 2021 is a global conference with 25 years of history. At the upcoming conference, Naver will unveil its hyperscale Korean-language model Hyper Clova and introduce dat
Sept. 3, 2021
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Samsung pushes harder into midrange market with Galaxy A52s 5G
Alongside the highest-end foldable smartphone series Galaxy Z, Samsung Electronics is making a stronger push in the midrange phone market, launching an upgraded version of the Galaxy A52 model. The South Korean smartphone vendor on Thursday announced the release of the Galaxy A52s 5G in the domestic market at 599,500 won ($513) on Friday. The newest A series model hit stores in India, the biggest midrange phone market for Samsung, on Wednesday, two days before the Korea launch. The Galax
Sept. 2, 2021
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DuPont Korea appoints new CEO
DuPont Korea said Thursday the company has appointed Shin Dong-man as its new chief executive officer. Shin, 50, has served as the sales director of DuPont’s mobility and materials group in the Asia Pacific region. He will maintain the position, while heading the overall Korean operation, the firm said. Shin has built his career in the field of industrial materials, mainly silicon, for the past 25 years, the company said. The CEO is recognized for developing DuPont’s flagship e
Sept. 2, 2021
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Using big data analysis to chart a new course
The top three mobile apps in South Korea -- KakaoTalk, YouTube and Naver -- attracted over 40 million users each in June this year, accounting for the bulk of the country’s population of 52 million, according to data compiled by research firm Mobileindex Insight. The list of popular apps also includes Chrome, a web browser from global search engine Google, Korea’s top online retailer Coupang and popular photo-based social media Instagram, a unit of Facebook. The common thread conn
Sept. 1, 2021
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Google hits wall in Korea, says will comply with local rule
Hit by an unprecedented law aimed at curbing their app market duopoly in South Korea, the world’s most powerful tech giants Google and Apple are seeking ways to readjust their profit models within the bounds of the new regulation. Immediately after the bill passed Parliament late Tuesday, Google released a statement through its Korea office, saying it will comply with the new rule. “The commissions are used to provide Android for free, while enabling developers to reach customers
Sept. 1, 2021
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CJ OliveNetworks opens AI lab in Gwangju
CJ OliveNetworks, an ICT solutions provider of CJ Group, has established a research center on artificial intelligence in the southeastern city of Gwangju, the company said Wednesday. Named as “CJ Lucidus AI Lab,” it is the second research body of the CJ affiliate, and is located within the premises of Gwangju Institute of Science and Technology. The company has partnered with the institute to establish the lab for a shared goal of contributing to the advancement of the local AI
Sept. 1, 2021