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Foundry refers to the Today Ex-Justice Minister Cho is Twitter’s person of the year Prosecutorial reform was the hottest trending topic on Twitter in Korea this year, according to data released by the social media platform on Tuesday. It was the most mentioned social keyword on Twitter in Korea between Jan. 1 and Nov. 15. The “boycott Japan” movement followed in second place with over 1.3 million mentions in the cited period.Former Justice Minister Cho Kuk, who resigned after submitting his proposal for prosecutorial reform, was the most-mentioned person of the year Today Samyang Biopharm USA in-licenses Talix Therapeutics’ first-in-class compound Samyang Biopharm USA has licensed in Belgium’s Talix Therapeutics’ first-in-class immuno-oncology compound for global rights, the companies said Tuesday. Financial details of the agreement were not disclosed.Under the agreement, Samyang Biopharmaceuticals’ subsidiary will gain the research rights, as well as exclusive options to worldwide rights for development, manufacturing and commercialization of Talix’s anti-CD96 antibody.The anti-CD96 antibody is a first-in-class co Today Biz circle mourns Daewoo founder‘s death Once admired tycoon Kim Woo-choong disgraced in later years after fraud verdict Today [Monitor] Owner families’ presence in boardrooms down Conglomerate owners or family members accounted for 17.8 percent of the board members of affiliates this year, according to the Fair Trade Commission. The number has been falling steadily since it reached 27.2 percent in 2012, the watchdog said.Chaebol chiefs have been refraining from officially joining company boards as the positions are subject to legal responsibility in case of disputes or accusations, according to observers.(khnews@heraldcorp.com) Today 35 conglomerates earn W1.28tr in brand license fees Thirty-five conglomerates earned 1.28 trillion won ($1.07 billion) last year by selling brand licenses to their affiliates, South Korea's antitrust watchdog said Tuesday, amid concerns that such transactions may help owners of conglomerates pocket profits.Brand commission fees earned by 35 conglomerates last year rose 11.5 percent on-year, the Fair Trade Commission said in a statement.LG and SK topped the list by charging their affiliates 268.4 billion won and 233.2 billion won, respectively, la Today Business likely to hit low in Q4, rebound next year: FN Guide South Korea’s key listed companies are likely to emerge gradually from their longtime slump, with the majority expected to see a rebound in their business performance as early as this quarter, data showed Tuesday.According to financial market tracker FN Guide, the aggregated operating profit of 217 key listed companies for the fourth quarter came to 27.87 trillion won ($23.36 billion) as of Monday.This was down only 0.3 percentage point from the actual operating profit for the fourth quart Today LG Uplus to use Canadian software for 5G in-building network design LG Uplus Corp., South Korea's No. 3 mobile carrier, said Tuesday its 5G in-building network will be designed through a Canadian-made software platform that will allow the company to provide faster and reliable 5G services.LG Uplus said it has adopted Quebec-based iBwave Solutions Inc.'s designing tool for 5G in-building wireless networks. The software can offer better wireless coverage inside buildings after analyzing the building structure and interior materials, according to LG Uplus. The 5G n Today Bio startup Aprogen gets S. Korea's 11th unicorn status South Korean bio venture firm Aprogen Pharmaceuticals Inc. was listed as the country's 11th unicorn, according to an industry tracker on Tuesday. Aprogen was registered as a unicorn company with a valuation of more than $1 billion by CB Insights, a tech market intelligence platform. In May, Aprgoen attracted 20 billion won ($16.7 million) in investment from venture capital firm Lindeman Asia Investment. Aprogen is a venture enterprise founded with proprietary technologies Today Seoul expands purchases of eco-friendly cars amid new energy drive South Korea's public organizations increased their purchases of eco-friendly cars, including hydrogen fuel cell automobiles, this year in line with a new energy drive that centers on cutting the use of fossil fuels, data showed Tuesday.Eco-friendly cars accounted for roughly 70 percent of the combined cars purchased by public organizations this year, according to the Ministry of Trade, Industry and Energy. The survey was conducted on 211 institutions.The figure marks a sharp increase from 56.6 p Dec 9, 2019 FTC to probe ‘slave’ contracts of Korean esports players Law revisions to safeguard players’ rights underway Dec 9, 2019 Court gives jail terms to Samsung execs in accounting fraud case A Seoul court on Monday handed jail terms of up to two years to Samsung Electronics Co. executives for destroying evidence in relation to an alleged accounting fraud at Samsung BioLogics Co.A Samsung Electronics vice president overseeing the company's funds was sentenced to two years in prison, while two presidents in a Samsung Electronics taskforce were each sentenced to one year and six months in prison, according to the ruling handed down by the Seoul Central District Court. Prosecutors had e Dec 9, 2019 Hyundai Motor Group donates W25b for charity Hyundai Motor Group said Monday it has donated 25 billion won ($21 million) to the country’s nonprofit charity organization Community Chest of Korea to contribute in helping vulnerable members of the society and alleviate social polarization. The donation ceremony was attended by Hyundai Motor Group President Kong Young-woon, along with Chairman Ye Jong-suk and Secretary-General Kim Yeon-soon of the Community Chest of Korea.Since 2003, the automaker has been delivering year-end donati Dec 9, 2019 Koreans consider W3.9b in assets as threshold to be wealthy South Koreans consider a person who owns an average of 3.9 billion won ($3.2 million) in assets is wealthy, a local survey showed Monday.According to a recruiting service provider Saramin’s survey on 4,111 adults, respondents in their 30s said a person can be considered rich when he or she owns assets of 3.98 billion won, while those in 40s said 3.9 billion won. Those aged 50 and above said a rich person owns 3.3 billion won. Some 3.9 billion won of assets equal the amount accumu Dec 9, 2019 Starbucks Korea receives presidential award for supporting cultural heritage Starbucks Coffee Korea said Thursday it has received a presidential award for its effort to contribute to restoring the country’s cultural assets and honoring it heritage and history. The award ceremony which took place at Korea Cultural Heritage Foundation on Friday was attended by some 100 awardees. The local unit of Starbucks Coffee joined hands with the Cultural Heritage Administration in 2009 and has conducted various activities to protect cultural assets and support descen MORE 15 / 21009
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