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Lotte Invests Cumulative $4 bln in U.S.

Lotte Invests Cumulative $4 bln in U.S.

SEOUL, May 14 (Korea Bizwire) — Lotte Group, South Korea’s retail-to-chemicals conglomerate, has been accelerating its move to tap deeper into the United States, the world’s largest economy, with its cumulative investments reaching some US$4 billion in production facilities and other areas, industry sources said Tuesday. In its latest investment, Lotte Chemical Corp., the group’s [...]

Celltrion’s Biosimilars Overtaking Originals in U.S., Europe

Celltrion’s Biosimilars Overtaking Originals in U.S., Europe

SEOUL, Apr. 27 (Korea Bizwire) — South Korea’s pharmaceutical giant Celltrion has become a strong competitor to European and U.S. drugs with its biosimilars, indicated by changes in sales, industry officials said Friday. Multinational drugmaker Roche logged a 44 percent fall in sales of Mabthera, an antibody used to treat rheumatoid arthritis, lymphoma and some [...]

S. Korea’s Trade Surplus with the U.S. Drops 17 pct in 2017: Data

S. Korea’s Trade Surplus with the U.S. Drops 17 pct in 2017: Data

SEOUL, Feb. 12 (Korea Bizwire) — South Korea’s trade surplus with the United States dropped 17 percent on-year in 2017, despite the fact that no changes have yet been made to the free trade pact that Washington claims unfairly favors Seoul, market watchers said Sunday, citing official data. Observers said trade numbers released by the [...]