Generic manufacturers boost R&D and biomedicine, stem cell research sees upturn Soaring research costs, rampant illicit rebates and a gushing inflow of multinational drug giants following free trade pacts have come together to ignite the biggest crisis in years in Korea’s pharmaceutical industry. Heaping further pressure is the government’s push to slash drug prices and its sweeping crackdown o...

LG Electronics featured its new set of air conditioners at a three-day international expo in Chicago as it is eying a bigger market share overseas. At its booth at the International Air-conditioning, Heating and Refrigerating Exposition, it showcased a half-dozen air conditioners built for home and commercial use, and emphasized their environmentally friendly, highly efficient functions. The AH...

Foreign investors are continuing to snap up Korean stocks, helping the local bourse stage a solid performance in recent sessions on renewed optimism over the eurozone debt problem. According to the Korea Exchange, the net amount of local stocks bought by foreign investors reached 4.3 trillion won ($3.7 billion) this month. The benchmark KOSPI, which closed at 1,825.74 on Dec. 29, ended up at 1,9...