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Tesla Model S 90D Receives Subsidy in S. Korea

Tesla Model S 90D Receives Subsidy in S. Korea

SEOUL, Sept. 22 (Korea Bizwire) — Tesla Motors Inc.’s Model S 90D is eligible to receive government subsidies in South Korea as the country has recently eased regulations involving battery charging time, the environment ministry said Friday. On Thursday, the Ministry of Environment notified the U.S. electric carmaker of its decision to include the Model [...]

Samsung Bioepis Wins Approval to Sell Biosimilar in South Korea

Samsung Bioepis Wins Approval to Sell Biosimilar in South Korea

SEOUL, Sept. 20 (Korea Bizwire) – Samsung Biologics Co. said Wednesday its affiliate Samsung Bioepis Co. won a nod from South Korea’s drug agency to sell its biosimilar dubbed SB5. Through the approval granted by the Ministry of Food and Drug Safety, Samsung Biologics said in a regulatory filing that the biosimilar is ready for sale in the country. The SB5 is a biosimilar of Humira released by U.S.-based AbbVie Inc., used for the treatment of various diseases including Crohn’s [...]

Seoul Charging Ahead as Carmakers Go Electric

Seoul Charging Ahead as Carmakers Go Electric

SEOUL, Sept. 15 (Korea Bizwire) — South Korea is speeding up its efforts to expand charging infrastructure for electric vehicles (EVs), as global carmakers’ unveiled road maps for electrification at this year’s Frankfurt Motor Show, industry watchers said Friday. The government is planning to increase the number of fast-charging stations to 3,000 across the country [...]

LG Group Rules Out Producing Its Own Electric Cars

LG Group Rules Out Producing Its Own Electric Cars

SEOUL, Sept. 7 (Korea Bizwire) — LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday. “We are not even considering manufacturing a complete vehicle,” an LG Group official stressed. Industry watchers have been speculating that [...]