SEOUL, Nov. 17 (Korea Bizwire) — South Korean biotechnology firms are securing multibillion-dollar licensing deals at a rapid pace, underscoring the rising global competitiveness of the country’s drug-development platforms. According to industry data released Sunday, ABL Bio recently signed a technology-transfer agreement with Eli Lilly for its “GrabBody” bispecific antibody platform, a deal worth up to [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea plans to impose stricter disclosure requirements on listed companies’ executive compensation and expand access to shareholder voting information, in a move aimed at improving market transparency and strengthening investor rights, the Financial Services Commission (FSC) announced Sunday. Under the reform package — titled Measures to Improve Corporate Disclosure [...]
SEOUL, Nov. 17 (Korea Bizwire) — Samsung Electronics’ spending on mobile application processors (APs) has surged to an unprecedented level this year, approaching 11 trillion won (US$8.1 billion) amid sharp increases in global memory prices—intensifying pressure on the company’s smartphone division and accelerating its shift toward greater use of in-house chips. According to Samsung’s third-quarter regulatory [...]
SEOUL, Nov. 17 (Korea Bizwire) — Natural gas prices have surged to their highest level in nearly three years, lifting related exchange-traded notes (ETNs) while exposing South Korean retail investors to mounting losses after many bet on the market moving in the opposite direction. Between Nov. 1 and 14, nine of the ten best-performing ETNs in [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s electric vehicle market has hit a symbolic milestone, surpassing 200,000 new registrations in a single year for the first time — a development officials say signals the end of a three-year slump. The Climate, Energy and Environment Ministry said Sunday that 200,650 new EVs were registered as of [...]
SEOUL, Nov. 17 (Korea Bizwire) — LG Display is set to supply ultra-large vehicle displays for Mercedes-Benz’s upcoming electric vehicle lineup, solidifying what both companies describe as a deepening “innovation partnership” in the fast-growing automotive electronics sector. According to industry officials on Sunday, LG Display will provide a 40-inch display for the 2026 Mercedes-Benz GLC EV, [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s Nuri rocket is set to lift off before dawn on Nov. 27 carrying 13 satellites, a diverse payload that underscores the country’s expanding ambitions in science, commercial space ventures and next-generation technology. According to the Korea Aerospace Research Institute (KARI), the fourth Nuri launch will carry the 516-kilogram [...]
SEOUL, Nov. 16 (Korea Bizwire) — Seoul partially suspended operations of its new Hangang bus service on Sunday after a vessel ran aground near Jamsil Pier, prompting the rescue of more than 80 passengers and intensifying political scrutiny over the project’s safety record. The accident occurred at around 8:24 p.m. Saturday, when a river bus [...]
DAEJEON, Nov. 15 (Korea Bizwire) — South Korea walked out of Daejeon World Cup Stadium on Friday night with a 2–0 win over Bolivia — but the scoreline glossed over a performance that left far more concerns than comfort. Yes, Son Heung-min delivered a world-class free kick. Yes, Cho Gue-sung capped his long-awaited return with a [...]
DAEJEON, Nov. 15 (Korea Bizwire) — Two months into his tenure with South Korea’s senior national soccer team, 20-year-old Jens Castrop — the German-Korean midfielder hailed as a new pillar for the team’s future — is discovering the limits of early promise. Castrop, who plays for Borussia Mönchengladbach, saw just over five minutes of action on [...]