SEOUL, June 10 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it will sell its liquid crystal display (LCD) polarizer business unit to a Chinese firm to focus on core businesses. LG Chem has signed a deal to sell the LCD polarizer-related business unit to Shanghai Shanshan Chemical Co., Ltd. [...]
Lugano, Switzerland, June 9 (Korea Bizwire) – Helsinn, a Swiss pharmaceutical group focused on building quality cancer care and rare disease products, is pleased to announce that the oral formulation of Akynzeo® for the treatment of chemotherapy-induced nausea and vomiting (CINV) has been launched in China. Helsinn’s partner Mundipharma (China) Pharmaceutical Company Ltd. has exclusive marketing, promotion [...]
SEOUL, June 1 (Korea Bizwire) — The defense ministry stuck to its flat-out denial Monday of any upgrades to a U.S. THAAD missile defense base in South Korea after a series of reports suggested that last week’s transport of military hardware into the base was aimed at upgrading or strengthening the unit. On Friday, the [...]
SEOUL, May 29 (Korea Bizwire) — New interceptor missiles were brought onto a U.S. THAAD missile defense base in South Korea on Friday as replacements, the defense ministry said, in a surprise overnight operation aimed at minimizing friction with local residents opposed to the base. Also brought onto the Terminal High Altitude Area Defense (THAAD) [...]
WASHINGTON, May 27 (Korea Bizwire) — South Korea’s alliance with the United States is more important than its strategic partnership with China, but antagonizing Beijing will start a new Cold War on the Korean Peninsula, a special security adviser to President Moon Jae-in said Wednesday. Speaking from Seoul, Moon Chung-in was addressing the dilemma Seoul [...]
SEOUL, May 22 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, said Friday that it has sent 300 more South Korean engineers and workers to China to complete the expansion of its second chip manufacturing plant amid the novel coronavirus pandemic. Samsung said engineers and workers, including some from its subcontractors, left [...]
SEOUL, May 20 (Korea Bizwire) — South Korean construction equipment makers, led by Doosan Infracore Co., are set to bask in increased sales in China as the world’s No. 2 economy is ramping up efforts to rebound from the coronavirus outbreak, industry data showed Wednesday. Doosan Infracore, South Korea’s No. 1 construction equipment maker, sold [...]
SEOUL, May 20 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong showed up at the exclusive arrival hall at Gimpo Airport Tuesday afternoon upon his return from a business trip to China, wearing a protective mask and gloves. The de facto leader of South Korea’s top conglomerate was carrying a small suitcase that accompanied [...]
SEOUL, May 18 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong on Monday visited the company’s chip factory in China to assess its business plans to overcome the virus crisis amid the reopening of the world’s No. 2 economy. Lee, the de facto leader of South Korea’s top conglomerate, inspected Samsung Electronics’ chip plant [...]
SEOUL, May 15 (Korea Bizwire) — South Korean confectionery company Orion Corp. said Thursday it plans to strengthen its market presence with a reasonably priced snack line in China and Vietnam following its launch in South Korea. The reasonably priced snack line will offer products that focus on “cost-effectiveness” by setting prices based on convenience [...]