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Wednesday, November 22, 2017

Industry

The authorization of Ontruzant in Europe made Samsung Bioepis the company with World’s largest number of biosimilars.
Company with Largest Number of Biosimilars
21 November 2017 - 12:15pm
'Ontruzant' (ingredient name: trastuzumab, project name: SB3), an anti-cancer drug developed by Samsung Bioepis, received the European Commission (EC)’s marketing authorization for the first time as...
Lotte Engineering and Construction (E&C) received the largest number of demerit points over the past three years.
Builders Receiving Penalties
21 November 2017 - 12:00pm
The construction company that received the largest number of demerit points over the past three years due to shoddy construction work was Lotte Engineering and Construction (E&C). Although POSCO...
Hyundai Motor’s next-generation FE fuel-cell electric vehicle.
Regaining Market Leadership
21 November 2017 - 11:30am
Hyundai Motor and its smaller affiliate Kia Motors will regain the leadership in the fuel cell electric vehicle (FCEV) market from Toyota. Hyundai Motor is planning to mass produce hydrogen powered...
Samsung Electro-Mechanics India will be established in Bengaluru, which is referred to as the "Silicon Valley of India,"
Improving High-end Component Competitiveness
21 November 2017 - 11:15am
Samsung Electro-Mechanics announced on November 20 that it is discussing with a local government office for procedures to establish its subsidiary in India next January. As the company’s local office...
The location of the Mumbai Maritime Bridge project site in Mumbai, India, for which Daewoo E&C received a letter of acceptance (LOA) on November 17 (local time).
Even in the Merger Process
21 November 2017 - 11:00am
Daewoo E&C announced that the builder received a letter of acceptance (LOA) on the second package of the Mumbai Maritime Bridge project in Mumbai, India on November 17 (local time). Daewoo E&...
Samsung Engineering applied for dispute arbitration at the ICSID over the Yanbu 3 Power and Seawater Desalination Plant project of Saudi Arabia on November 10.
Applying for ISDS
21 November 2017 - 11:00am
It was confirmed that Samsung Engineering applied for an investor state dispute settlement (ISDS) against the Saudi Arabian government.  According to Samsung Engineering and the International Center...
Hyundai Motor workers and the top management of the company have had five rounds of wage negotiations since November 7.
No Signs of Narrowing Gap
21 November 2017 - 10:00am
According to industry sources on November 20, unionized Hyundai Motor workers and the top management of the company have had five rounds of wage negotiations since November 7 but failed to reach an...
Samsung Electronics is seeking to preoccupy the premium television market for this Black Friday season with QLED TVs while LG Electronics with OLED TVs.
Promotion of Flagship TVs
20 November 2017 - 2:15pm
Samsung Electronics and LG Electronics are seeking to preoccupy the premium television market for this Black Friday season with QLED TVs and OLED TVs, respectively. Samsung Electronics is planning to...
The capital expenditures of 261 companies affiliated to Korea’s 30 largest business groups in January-September period are estimated at 57.8 trillion won (US$52.69 billion), up 42.6 percent from a year earlier.
Centered On IT Industries
20 November 2017 - 2:00pm
Total investment by South Korea's top 30 business groups surged more than 40 percent on-year to about 58 trillion won (US$52.87 billion) this year. Samsung Group, which has Samsung Electronics as an...
Chinese electrical vehicle (EV) battery manufacturers are trying to headhunt R&D personnel and engineers from South Korean companies.
Stealing Battery Tech
20 November 2017 - 1:15pm
According to industry sources, Chinese battery manufacturers are trying to headhunt R&D personnel and engineers from South Korean companies such as LG Chem, SK Innovation and Samsung SDI.  “...
The Korean biotech industry joined competition to develop a chimeric antigen receptor-T cell (CAR-T) therapeutic drug.
Cancer Drug of Doctors’ Dream
20 November 2017 - 1:00pm
The Korean biotech industry joined competition to develop a chimeric antigen receptor-T cell (CAR-T) therapeutic drug called “the cancer drug of doctors’ dream.”  CAR-T is a technology that allows T...
South Korea’s EV exports for the first eight months of this year increased approximately 117% from a year ago.
Next Growth Engine?
20 November 2017 - 12:30pm
According to the Korea International Trade Association, South Korea’s electric vehicle (EV) exports increased from US$57.3 million to US$315.5 million between 2013 and last year and totaled US$110...

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