Invites Healthcare

Business & Politics Trump Jr. to visit Seoul next week to meet Korean business leaders

Donald Trump Jr., the eldest son of the US President Donald Trump, is set to visit Seoul next week and meet with Korean business leaders grappling w...

Mergers & Acquisitions CHA Biotech seeks to resume healthcare unit IPO after affiliates’ merger

CHA Biotech Co., South Korea’s leading stem cell therapeutics developer, plans to resume an initial public offering of CHA Healthcare Co., a m...

Private equity EQT targets healthcare, technology, business service providers in Korea

EQT, the largest private equity firm in Europe, is setting its sights on healthcare, technology companies and business service providers in South Ko...

Bio & Pharma Partners Investment, GordonMD eye $150 mn biotech fund launch

South Korean venture capital firm Partners Investment said on Thursday it will raise up to 215.5 billion won ($150 million) in a biotech fund jointl...

Aerospace & Defense Boryung invests $10 million in Intuitive Machines

South Korea's Boryung Corp. said on Friday it bought $10.0 million in shares of US-based lunar lander company Intuitive Machines to expand its space...

Electronics LG NOVA hosts Innovation Festival in US

LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...

Companies Samsung develops health software development kit

Samsung Electronics Co. on Thursday introduced the Samsung Health Software Development Kit (SDK) Suite, aimed at helping developers and researchers ...

Healthcare Hyundai Department to triple healthcare sales by 2030 with Nestle

Hyundai Department Store Group, a South Korean conglomerate controlling retail, fashion, healthcare and lifestyle businesses, aims to triple its hea...

Electric vehicles Toyota chairman to visit Seoul, discuss hydrogen cars with Hyundai’s Chung

Akio Toyoda, chairman of Japan’s top automaker Toyota Motor Corp., will fly to Seoul in late October to meet with Hyundai Motor Group Chairman...

Mergers & Acquisitions Kakao to merge dk techin and Kakao Brain

South Korea's Kakao Corp. said on August 23 that its mobile solution development subsidiary dK Techin Corp. will merge with its AI technology affili...

Bio & Pharma Volpara to supply cancer diagnostics SW to Intermountain Health

Lunit, a South Korean cancer diagnostics AI company, announced on Wednesday that its subsidiary Volpara Health, a New Zealand-based AI software deve...

Bio & Pharma CHA Healthcare incorporates Singapore's SMG as subsidiary

South Korea's CHA Healthcare Co., CHA Biotech's overseas medical business affiliate incorporated Singapore's SMG as a subsidiary. CHA Healthcare an...

Economy South Korea’s job growth rises in July led by elderly workers

South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...

Artificial intelligence Spear Korea to acquire AI medical firm Life Semantics

South Korea's aerospace materials company Spear Korea will acquire artificial intelligence (AI) medical firm Life Semantics Co. Life Semantics ...

Bio & Pharma Samsung to invest $52 mn in US biotech VC Flagship Pioneering

Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...

Korean startups Asan Nanum Foundation invites innovators to startup pitch

The Asan Nanum Foundation, a nonprofit foundation set up in 2011 to commemorate the 10th anniversary of Hyundai founder Chung Ju-yung’s death,...

Korean startups Foreign venture funding for Korean startups picks up

South Korean startups raising funds from overseas venture capital firms nearly doubled in the first two months of this year from a year ago, heighte...

Retail Lotte to sell 7-Eleven’s ATM unit in Korea for around $38 mn

Lotte Group is set to sell the automated teller machine (ATM) business of Korea Seven Co., the operator of convenience store chain 7-Eleven in South...

Bio & Pharma Kakao launches AI-based blood sugar management solution

South Korea’s Kakao Healthcare Corp. has introduced an artificial intelligence-based blood sugar management solution targeting the global digi...

Private equity Korean LPs seek private equity secondaries amid liquidity crunch

Secondary strategy is South Korean institutional investors’ top pick for private equity investments for two straight years, a survey showed. Man...

Economy Korea needs population growth for sustainability: World Bank chief

World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competition in education and...

IPOs Why spend more on an IPO? No invitation to foreign banks

South Korea’s Viva Republica Inc. has recently invited a handful of domestic brokerage companies to give presentations to revive its IPO plan....

Aerospace & Defense Boryung, Axiom Space launch joint venture in Korea

Boryung Corp., a South Korean healthcare investment company, said on Thursday it has officially launched a joint venture with Axiom Space, a US comm...

Tech, Media & Telecom LG to inject $700 million in startups in West Virginia

CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...

Korean startups Digital healthcare, robot, AI chip startups among VCs’ 2024 top picks

Startups that specialize in digital healthcare, robots and artificial intelligence chips are among South Korea-based venture capital firms’ to...

Culture & Trends Anushka Sen, global celebs to ring in New Year in Seoul

Thousands of global celebrity infuencers, including Indian TV actress and model Anushka Sen, are set to ring in the New Year at a content festival i...

Bio & Pharma Celltrion Healthcare's Herzuma selected as funded brand in NZ

Celltrion Healthcare Co. announced on Thursday that its biosimilar anticancer drug Herzuma (active ingredient trastuzumab) for breast and gastr...

Bio & Pharma Celltrion Healthcare's Remsima SC to be launched in US in 2024

Celltrion Healthcare Co. announced on Thursday that its autoimmune disease treatment Zymfentra (the US product name for Remsima SC) is set to be lau...

Bio & Pharma SK C&C to promote AI healthcare for brain diseases

South Korea's SK C&C announced on Thursday that it signed a strategic business agreement with Neurophet, a cloud-based AI platform for brain ima...

Bio & Pharma Celltrion to supply Remsima to Brazil gov’t in three-year row

South Korea's Celltrion Healthcare Co. announced on Friday its autoimmune disease treatment Remsima (ingredient: infliximab) has won a bid for the B...