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Zenas BioPharma Announces Strategic License and Collaboration Agreement with Bristol Myers Squibb to Develop and Commercialize Novel Bi-Functional Antibody Obexelimab in Japan, South Korea, Taiwan, Singapore, Hong Kong and Australia

WALTHAM, Mass., Sept. 5 (Korea Bizwire) — Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of immunology-based therapies, today announced that it has entered into a license and collaboration agreement with Bristol Myers Squibb Company to develop and commercialize obexelimab for autoimmune diseases in Japan, South Korea, [...]

Imported Car Sales Fall 2.1 pct in August amid Lack of Supply

SEOUL, Sept. 5 (Korea Bizwire) — Imported vehicle sales in South Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday. The number of newly registered imported cars came to 23,350 units in August, down from 23,850 units a year ago, the [...]

Doctors’ Associations File Constitutional Petition over Surveillance Camera Mandate in Operating Rooms

SEOUL, Sept. 5 (Korea Bizwire) — Doctors’ associations filed a constitutional appeal on Tuesday over a revised medical law requiring hospitals to place surveillance cameras in operating rooms, claiming it violates the personal rights of physicians. The Korea Medical Association (KMA) and the Korean Hospital Association filed the petition with the Constitutional Court, ahead of [...]

GS Caltex Supplies Renewable Jet Fuel to Korean Air’s Cargo Plane

SEOUL, Sept. 5 (Korea Bizwire) — GS Caltex Corp., South Korea’s second-biggest refiner by sales, said Tuesday it has supplied Finnish refiner Neste’s renewable aviation fuel to Korean Air Co.’s cargo plane bound for Los Angeles. It is the first time for a Korean refiner to bring sustainable aviation fuel (SAF) from overseas for the [...]

SK Enmove Sees Future Growth in e-fluids, Thermal Management

SEOUL, Sept. 5 (Korea Bizwire) — SK Enmove Co., the lubricant-making unit under South Korea’s SK Group, said Tuesday it will focus on the development and manufacturing of energy-efficient fluids for use in electric vehicles (EVs) and data centers as part of its next growth drivers. SK Enmove unveiled its new brand for all e-fluid [...]

S. Korea to Spend Largest-ever Budget to Boost Seafood Consumption amid Fukushima Woes

SEOUL, Sept. 5 (Korea Bizwire) — The South Korean government decided to spend a record budget this year to prop up consumption of seafood amid public concerns over its safety following Japan’s release of contaminated water from its crippled Fukushima nuclear power plant into the ocean, the oceans ministry said Tuesday. The Cabinet endorsed a [...]

Top 300 Firms See Payrolls Inch Down in H1 amid Economic Slump

SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s leading 300 companies saw their combined workforce edge down in the first half of the year amid a slowing economy, a corporate tracker said Tuesday. The number of workers hired by the top 30 firms in the country’s 10 key industries had totaled 1,085,399 as of the [...]

Samsung and LG Face Off Against Chinese Competitors in Battle for TV Supremacy at IFA

SEOUL, Sept. 5 (Korea Bizwire) — In the global premium TV market, Samsung Electronics Co. and LG Electronics Inc., two major players, have long engaged in a competitive battle for supremacy at IFA, the world’s largest consumer electronics and home appliances trade show, widely seen as the annual “TV battleground.” Their rivalry has manifested in [...]

Supreme Court Ruling on Botched Surgery Sparks Debate in Medical Community

SEOUL, Sept. 5 (Korea Bizwire) — South Korean medical community has reacted strongly to a recent Supreme Court ruling involving a surgeon who faced legal consequences for delaying surgery on a patient with a small bowel obstruction due to professional negligence. In the past month, the top court upheld the decision regarding an individual referred [...]

CertiK Joins Finschia (formerly LINE Blockchain) Blockchain as Governance Member and Node Validator after Audit

NEW YORK, New York, Sept. 5 (Korea Bizwire) – CertiK, the industry leader in blockchain cybersecurity, has completed a rigorous audit of the Finschia Foundation’s 3rd-generation public blockchain and Ostracon consensus mechanism. CertiK is also joining the network as a governance member and validator node operator. This multi-faceted collaboration ensures the realization of shared core principles including [...]