SEOUL, April 23 (Korea Bizwire) – SK bioscience Co., the biopharmaceutical arm of South Korea’s SK Group, said Wednesday it has achieved a “final victory” in a patent invalidation case against Moderna, the global developer of the messenger-RNA (mRNA) COVID-19 vaccine. SK bioscience filed a nullity suit in 2023 challenging Moderna’s patent on modified nucleosides, [...]
SEOUL, April 23 (Korea Bizwire) — LG Innotek Co., an electronic component manufacturing unit of LG Group, said Wednesday its first-quarter net profit tumbled nearly 40 percent due to waning demand and intensifying competition. In a regulatory filing, the company reported a net income of 85.6 billion won (US$60.1 million) for the January-March period, down [...]
SEOUL, April 23 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Wednesday its first-quarter net profit more than doubled from a year earlier, driven by expanded production and a weaker won. Net profit for the three months ended March surged to 375.6 billion won (US$263.9 million), up from [...]
SEOUL, April 22 (Korea Bizwire) – Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it plans to globally sell key chains featuring miniature replicas of the company’s ramyeon packaging, produced in collaboration with Japan’s leading toy company Bandai Co. Since 2022, Nongshim has partnered with Bandai to sell key chains modeled after its [...]
SEOUL, April 22 (Korea Bizwire) — HD Hyundai Electric Co., a South Korean electrical equipment maker, said Tuesday its first-quarter net profit jumped 64 percent from a year earlier on strong demand for its products in the United States. Net profit for the three months ended March 31 rose to 153.4 billion won (US$107.9 million) [...]
SEOUL, April 21, (Korea Bizwire) — LG Display announced Monday that it has developed and deployed its own artificial intelligence assistant — the first of its kind in the display industry — to streamline internal workflows and improve productivity. The AI assistant service, which debuted in early 2025, is designed to support individual productivity through [...]
SEOUL, April 21 (Korea Bizwire) — Hyundai Motor Co. said Monday it has delivered five electric buses to the transportation unit of Japan’s Iwasaki Group, marking its first commercial electric bus delivery in the neighboring country. The South Korean automaker held a delivery ceremony for the Elec City Town buses with Iwasaki Group in Yakushima, [...]
SEOUL, April 18 (Korea Bizwire) — Daewoo Engineering & Construction Co. has signed a US$700 million framework agreement to build a fertilizer plant in Turkmenistan, Seoul’s industry ministry said Friday. The agreement was signed in Seoul with Turkmenistan’s state-owned chemical firm, Turkmenhimiya, according to the Ministry of Trade, Industry and Energy, noting the South Korean [...]
SEOUL, April 17 (Korea Bizwire) – Kia Corp., a smaller affiliate of South Korea’s top automaker Hyundai Motor Co., said Thursday its all-electric EV3 has been named 2025 World Car of the Year at the New York International Auto Show. The EV3′s achievement brings Kia’s number of wins at the World Car Awards to six [...]
SEOUL, April 17 (Korea Bizwire) – South Korean defense giant Hanwha Aerospace Co. said Thursday it has signed a memorandum of understanding (MOU) with a Romanian university to expand industry-academia collaborations in the Eastern European country. The trilateral agreement with the University of Science and Technology Politehnica Bucharest and South Korea’s Pusan National University aims [...]