SEOUL, Oct. 22 (Korea Bizwire) — Samsung Biologics Co. said Tuesday it has signed a deal worth US$1.24 billion for contract manufacturing from an Asia-based biopharmaceutical firm. The deal will last until the end of 2037, the company said in a regulatory filing. Other details remained undisclosed under a confidentiality agreement. Samsung Biologics said the [...]
SEOUL, Oct. 22 (Korea Bizwire) – LG Electronics is ramping up its efforts in the electric vehicle (EV) charging market by introducing advanced safety features to its slow chargers, aiming to alleviate customer concerns and accelerate its domestic EV charging business. The company announced on October 21 that it will implement a dual safety system to [...]
SEOUL, Oct. 21 (Korea Bizwire) — The health ministry said Monday it plans to co-host an annual biotechnology convention next month with the World Health Organization, bringing experts together to discuss strategies for a stable global health care supply chain. Under the theme “Future investment for a healthy and secure decade,” the World Bio Summit [...]
SEOUL, Oct. 21 (Korea Bizwire) — The Indian subsidiary of South Korean automotive giant Hyundai Motor Co. is set to make its stock market debut this week following a record initial public offering (IPO) in the South Asian nation, according to industry officials Monday. Shares of Hyundai Motor India Ltd. are set to start trading [...]
SEOUL, Oct. 21 (Korea Bizwire) — Bhc chicken, South Korea’s largest chicken franchise by sales, said Monday it has opened its first outlet in Canada as part of its goal of opening 300 outlets in North America within five years. The company’s first store in Canada is located at The Well, a downtown shopping mall [...]
SEOUL, Oct. 21 (Korea Bizwire) – The Shine Muscat grape, once hailed as a premium fruit in South Korea, has seen a significant price drop in recent weeks. This decline is attributed to a surge in farm production and an influx of lower-quality produce flooding the market, according to industry experts. Data from the Korea Agro-Fisheries [...]
SEOUL, Oct. 21 (Korea Bizwire) – Hyundai Motor Company’s high-performance division, Hyundai N, is making a bold move into the world of e-sports with the announcement of its global virtual racing competition, the Hyundai N Virtual Cup. The announcement came on October 20 at the ADAC Sim Racing Expo in Dortmund, Germany, marking a significant step [...]
SEOUL, Oct. 21 (Korea Bizwire) – The popularity of Netflix’s cooking competition show “Culinary Class Wars” has ignited a boom in home cooking equipment sales in South Korea, according to recent data from a major e-commerce platform. Gmarket, an online marketplace owned by Shinsegae Group, reported on October 20 that sales of kitchen-related items have skyrocketed [...]
SEOUL, Oct. 18 (Korea Bizwire) –Ferrari, the Italian luxury sports car manufacturer, has unveiled its first new supercar in 11 years, marking a significant moment in the company’s illustrious history. On October 17, at its headquarters in Maranello, Ferrari presented the F80, a limited-edition supercar that the company says will set new standards in its [...]
SEOUL, Oct. 18 (Korea Bizwire) – Hyundai Card, a major South Korean credit card company, has successfully exported its proprietary artificial intelligence software to Japan, marking the first such international sale by a South Korean financial institution. The company announced on October 17 that it had signed a contract to sell its AI software, Universe, to [...]