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Saturday, December 16, 2017

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Korea’s drug safety ministry approved the initiation of the third phase of the clinical trial of Furestem-AD, the world’s first stem cell-based atopic dermatitis drug.
Free from Atopic Distress
7 December 2017 - 12:30pm
Kang Stem Biotech announced on December 5 that the Ministry of Food and Drug Safety of South Korea approved the initiation of the third phase of the clinical trial of Furestem-AD, the world’s first...
Solar Power Project in Malaysia
7 December 2017 - 12:30pm
Hanwha Energy announced on December 6 that it won a 48-megawatt solar power generation project from the Energy Commission of Malaysia. The project is to build a photovoltaic power plant in Perlis,...
The iPhone X is inferior to other smartphones in terms of durability and battery life, according to US-based Consumer Reports.
Bang for the Buck
7 December 2017 - 12:00pm
Us-based Consumer Reports recently said after an experiment that the iPhone X is inferior to other smartphones in terms of durability and battery life. In the experiment, three iPhone Xs were put...
Apple’s share in the Chinese smartphone market is bouncing back in the second half of this year, while that of Samsung Electronics is still on the decrease.
Contrasting Performances
7 December 2017 - 11:45am
The Chinese media reported that Apple’s share in the Chinese smartphone market is bouncing back in the second half of this year, while that of Samsung Electronics is still on the decrease, citing...
Samsung Electronics will mass-produce the Snapdragon 845 chipset, the next-generation mobile AP of Qualcomm
Strengthening Alliance
7 December 2017 - 11:30am
The Foundry Division of Samsung Electronics will mass-produce the Snapdragon 845 chipset, the next-generation mobile AP of Qualcomm. "We are looking forward to a new Snapdragon product. Samsung will...
South Korea’s annual natural gas imports from Russia is expected to increase from 1.5 million tons to five million tons.
S. Korea-Russia Business Council Launched
7 December 2017 - 11:30am
South Korea’s Presidential Committee on Northern Economic Cooperation holds its opening ceremony on December 7, appointing CJ Korea Express President and CEO Park Geun-tae as its first chairman. More...
South Korea’s top 10 companies in terms of the amount of corporate tax payment are estimated to pay an additional 1.3 trillion won (US$1.19 billion) from next year.
Additional Corporate Tax
7 December 2017 - 11:00am
As the new law passed to raise the top marginal corporate income tax rate by 3 percent from 22 percent to 25 percent at the National Assembly plenary session on December 5, South Korea’s top 10...
South Korean financial regulators have decided to place a ban on the bitcoin futures trading.
Trade of Bitcoin Futures
7 December 2017 - 11:00am
The Financial Services Commission of Korea issued the directive that bans securities firms from intermediating bitcoin futures transactions, according to securities industry sources on December 6....
The opening page of Tumblr with an image implying an adult animation as a background image.
Under Heavy Fire
7 December 2017 - 10:45am
Controversy is brewing over US-based social media Tumblr's neglecting harmful posts. Tumblr is not subject to any Korean legal regulations simply because Tumblr is a foreign site and Tumblr...
KHNP president Lee Kwan-sup, UK Business Minister Greg Clark, Korean industry and energy minister Baek Woon-kyu, and KEPCO president Jo Hwan-ik (from the left) signed a memorandum in London on November 27 (local time).
Amid Nuclear Phase-out Policy
7 December 2017 - 10:30am
The Korea Electric Power Corporation (KEPCO) announced on December 6 that it has been selected as the preferred bidder for the acquisition of Toshiba’s shares in NuGen. The KEPCO and Toshiba are...
Samsung Heavy Industries (SHI) plans to raise 1.5 trillion won (US$1.37 billion) by selling new shares in a rights offering in its bid to proactively respond to lack of funds. (photo courtesy: SHI)
Issuing $1.37B Worth New Shares
7 December 2017 - 10:15am
Samsung Heavy Industries (SHI) announced on December 6 that it expects to post more than 700 billion won (US$640.15 million) in operating losses this year and next year and plans to raise 1.5...
EU put Korea on a blacklist of areas uncooperative in the tax sector. (photo courtesy: Yonhap)
Absurd EU & Incompetent Korean Gov’t
6 December 2017 - 10:15pm
The Korean government is showing haphazard responses to the EU’s announcement which put Korea on a blacklist of areas uncooperative in the tax sector. The Korean government believes that the EU...

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