Biotechnology

Corporate strategy LG Group earmarks $74 bn for 5-year investment in Korea

LG Group, South Korea’s No. 4 conglomerate, on Wednesday announced a plan to invest 100 trillion won ($74 billion) through 2028 in its future ...

Petrochemicals HD Hyundai Oilbank changing into eco-friendly energy entity

South Korea's HD Hyundai Oilbank is transforming from a petroleum and oil refinery company into an eco-friendly energy entity through diversificatio...

Bio & Pharma S.Korea’s aid service Boram Group enters companion animal market

South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market.  Affiliates Boram Sangjo and ...

Energy HD Hyundai Oilbank to build eco-friendly power plants

South Korea's HD Hyundai Oilbank is pursuing the construction of eco-friendly power plants powered by liquefied natural gas and blue hydrogen.The co...

Business & Politics UAE to find $2 bn investment opportunities in S.Korea

The United Arab Emirates (UAE) is reviewing $2 billion worth of investment project in South Korea, such energy and information communications techno...

Bio & Pharma SillaJen starts US trial of anti-cancer drug from Basilea

SillaJen Inc. said on Monday it has enrolled the first patient in a US phase 1 trial of an anti-cancer drug BAL0891 licensed from Swiss drugmaker Ba...

Earnings Samsung Biologics’ profit near doubles on strong orders

Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged ...

Energy POSCO Int’l completes merger with energy affiliate

South Korea’s POSCO International Co. completed a merger with its affiliate POSCO Energy Co. on Jan. 1, which the trading company said would f...

Mergers & Acquisitions Harim seeks Genofocus purchase to enter biotechnology business

Harim Co., South Korea’s top poultry processing company, is seeking to acquire Genofocus Inc., a Kosdaq-listed industrial and pharmaceutical e...

Bio & Pharma SK Discovery to control affiliates’ entire biotechnology business

SK Discovery Co., an intermediate holding company of South Korea’s third-largest conglomerate SK Group, will take charge of the entire biotech...

Upcoming IPOs Korea’s Voronoi in talks with global firms on drug designs

South Korea’s biotechnology startup Voronoi Inc. is in talks with global biomedical companies on drug designs as it aims to expand the busines...

Hydrogen economy Hyundai Oilbank to make hydrogen fuel cell components from 2023

Hyundai Oilbank Co. will enter the hydrogen fuel cell components market by building separator production plants within this year with commercializat...