LG Life Sciences Archives | Be Korea-savvy

Two Firms Vying for Top-Selling Drug Title

SEOUL, Dec. 6 (Korea Bizwire) – Two major drug firms are competing to become the first South Korean maker of a new homegrown medication with annual sales of more than 50 billion won, a landmark for the local industry, sources said Tuesday. Industry experts define as a blockbuster drug an extremely popular medicine that generates [...]

LG Chem to Merge with Biotech Affiliate

SEOUL, Sept. 12 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemicals firm, said Monday that it has decided to merge with its biotech unit, LG Life Sciences Ltd., in a bid to diversify its business portfolio. “The merger aims to upgrade its future-oriented business portfolio by venturing into the red biotech sector,” LG [...]