SEOUL, March 10 (Korea Bizwire) — Celltrion Inc., a major South Korean biopharmaceutical firm, said Monday its biosimilar for asthma and other chronic allergic diseases has obtained approval for U.S. sales. The U.S. Food and Drug Administration (FDA) approved Celltrion’s Omlyclo, a biosimilar drug to Xolair, for treatment of moderate to severe persistent asthma, chronic [...]
SEOUL, March 10 (Korea Bizwire) — LS Cable & System Ltd., South Korea’s biggest cable company, said Monday its unit has received a power cable supply deal in the Philippines. LS Eco Energy will supply mid-voltage and high-voltage cables to an internet data center (IDC) located in the STT Fairview Campus, a data center cluster [...]
SEOUL, March 10 (Korea Bizwire) — In the race to solve overheating challenges in electric vehicle batteries, immersion cooling technology—already gaining traction in data centers and energy storage systems—is emerging as a promising solution. Immersion cooling uses non-conductive cooling fluids to disperse heat from EV batteries, data centers, and energy storage systems. The technology offers superior [...]
SEOUL, March 9 (Korea Bizwire) — South Korea’s manufacturing production fell more than 4 percent from a year earlier in January, marking the sharpest drop in 18 months, data showed Sunday. The Manufacturing Production Index stood at 103.7 points in January, down 4.2 percent from a year ago, according to the data from Statistics Korea. [...]
SEOUL, March 9 (Korea Bizwire) — what would be the most appealing headline for this (The South Korean steel industry may be able to clinch new opportunities if it takes part in the Alaska gas pipeline project led by the Donald Trump administration, despite the envisioned 25 percent U.S. tariff on all steel imports, experts [...]
SEOUL, March 8 (Korea Bizwire) — As concerns grow over potential U.S. auto tariffs under Donald Trump’s administration, executives and union leaders from GM Korea are set to visit General Motors’ headquarters in the United States to discuss the company’s future operations. According to the GM Korea chapter of the Korean Metal Workers’ Union (KMWU), representatives from both [...]
SEOUL, March 7 (Korea Bizwire) — For the first time, Lamborghini has incorporated a battery from South Korea’s LG Energy Solution into one of its high-performance plug-in hybrid supercars. The announcement was made by Lamborghini Chairman Stephan Winkelmann during the South Korean launch event for the Temerario, the latest addition to the automaker’s electrified lineup. [...]
SEOUL, March 7 (Korea Bizwire) — Kia Corp.’s electric compact sport utility vehicle (SUV) EV3 has been named the U.K. Car of the Year 2025, the company said Friday. The Kia EV3 topped the Small Crossover category of the annual award and took the overall top honor, outperforming strong contenders across six other segments, according [...]
SEOUL, March 7 (Korea Bizwire) — South Korea fell to second place in new global shipbuilding orders in February, with China taking over the lead, industry data showed Friday. South Korean shipyards clinched orders totaling 290,000 compensated gross tons (CGTs) for seven ships, accounting for 14 percent of the global total at 2.07 million CGTs [...]
PESQUERIA, Mexico, March 6 (Korea Bizwire) — South Korean companies with manufacturing bases in Mexico, along with around 100 local partner firms, are struggling to deal with business uncertainties stemming from the unpredictability of U.S. President Donald Trump’s tariff policy on the neighboring country, industry officials said Thursday. Earlier in the day, Trump signed executive actions to [...]