Chinese electric vehicle battery makers are quickly gobbling up market share from their South Korean rivals, largely buoyed by a surging demand at home, data showed Thursday. According to Seoul-based market tracker SNE Research, China’s CATL retained its top spot in global sales in the January-September period as it supplied 119.9 gigawatt-hours of batteries, more than doubling from a year ago. ...

Samsung Electronics on Thursday held an extraordinary shareholders meeting – the first in six years – to appoint two outside directors – Yoo Myung-hee, a former trade minister, and Heo Eun-nyeong, an economics professor. Yoo served as the nation’s top negotiator for free trade talks during the Moon Jae-in administration. She was also one of the final candidates to run for the director-general of...

Rather than seeking costly changes in governance structure, Samsung chief likely to boost shareholder benefits to secure more favorable votes

Yposkesi CEO Alain Lamproye says 2nd plant expected to begin operation at start of 2024

Merck Life Science committed to aiding biomanufacturing transition of S. Korean companies, top executive says

FRANKFURT -- Celltrion, a South Korean pharmaceutical giant, is seeking to expand partnerships at this year’s Convention on Pharmaceutical Ingredients Worldwide, the company said Tuesday. Taking place in major European cities each year, CPhI is one of the largest global pharma industry events in the world that gathers household names and experts. The German city of Frankfurt is holding this year...

FRANKFURT, Germany -- Samsung Biologics, a leading South Korean contract development and manufacturing organization, has highlighted its speed in expanding production capacity and bringing clients’ drug products to the market as the company’s competitive edge in the global CDMO industry. “The most prominent differentiator is our speed to the market. We allow our customers to bring their products...

Chaebol leaders pay tribute to victims of Itaewon crowd surge

Meta-owned social networking service Instagram said Tuesday its software bug, which resulted in a global-scale malfunction and affected random users, was fixed after eight hours. According to a US-based service outage-tracking website Downdetector, reports regarding the malfunction of Instagram soared starting around 10 p.m. Monday in Korea. Reports of the Instagram service malfunction soared f...

Sixteen affiliates of South Korea's No. 1 business conglomerate Samsung have seen a drop in stock market cap by 129.36 trillion won ($90.78 billion) combined during the period of January to October, data showed Tuesday. This means nearly 20 percent of the market cap of the affiliates has evaporated compared to the end of 2021, according to the stock market data compiled by business intelligence ...

'Korean biotechnology firms well positioned to take next step'

South Korea's science ministry is considering to develop a system that could warn authorities of potential crowd crush accidents by using digital data and technology to predict risk elements and the route of crowd movements. The new system was proposed at an emergency safety inspection meeting held by the Ministry of Science and ICT on Monday following the death of 154 people in a crowd crush th...

Naver said Monday it will inject 5.2 billion won ($3.6 million) over the next five years, along with Canadian social storytelling platform Wattpad which has become part of the company last year, to conduct joint research on AI-based content service platforms with the University of Toronto. South Korean internet giant said this study would allow application of advanced, exclusive technologies to ...

South Korean memory chip maker SK hynix said it is not pursuing a plan to acquire a minority stake in the United Kingdom-based semiconductor intellectual property firm Arm, a filing showed Monday. "(SK hynix) has put various strategic options on the table to strengthen our competitive edge and enhance shareholder value, but we hereby notify that there is no ongoing process for consortium-based a...

FRANKFURT -- Samsung Biologics, the world’s largest contract manufacturing and development organization by production capacity, is looking to attract global customers at this year’s Convention on Pharmaceutical Ingredients Worldwide, officials said Monday. CPhI is one of the biggest international pharma industry events that draws leading businesses and professionals from across the globe. Taking...