Jurisdiction has emerged as the key issue in a US class-action lawsuit over Coupang's massive personal data breach. Judge Ann Donnelly on Tuesday questioned why the case should be heard in New York rather than in South Korea during a preliminary hearing at the US District Court for the Eastern District of New York. The plaintiffs, represented by South Korean law firm Daeryun and its US partner SJKP, underlined that Coupang Inc. is an American company listed on the New York Stock Exchange and tha

South Korea’s antitrust regulator sent about 30 investigators to Coupang’s Seoul headquarters Tuesday, taking the unusual step of reopening its probe under a different law just over a week after the e-commerce giant blocked an earlier inspection. The renewed inspection marks a sharp escalation in the standoff between the Fair Trade Commission and Coupang, with the regulator deploying a large team and reportedly demanding records covering nearly a decade of business activities and transactions. A

For most of his life, cardiovascular surgeon Chang Hyoung-woo treated his obesity with the familiar prescription of diet, exercise and willpower. He even underwent surgery, losing 26 kilograms — only to regain nearly half of it. After his experience with a new generation of obesity drugs, Chang, 46, now argues that people with severe obesity should be offered medication as a primary treatment rather than being expected to rely on lifestyle changes alone. “For patients with severe obesity, diet a

South Korean Vice Minister for Transport Hong Jee-sun was named to lead the Ministry of Land, Infrastructure and Transport on Sunday. Hong, born in Donghae, Gangwon Province, in 1970, has served in the bureaucratic sector since passing the country’s higher civil service examination for local public officials in 1996. As of 2015, he spent about eight years at the Gyeonggi Provincial Government overseeing railroads, construction and logistics. He also served as an assistant governor for urban hous

SK Chemicals is positioning its polyester resin business to capture new opportunities in Europe’s can-coating market as tighter restrictions on bisphenol A take effect in the European Union. The new regulation, which came into full force in July, is expected to accelerate the replacement of BPA-based epoxy coatings that have traditionally been used to prevent corrosion and protect food and beverages from direct contact with metal. Polyester-based coatings have consequently emerged as a leading a

Daewoo Engineering & Construction Chairman Jung Won-joo has met Vietnamese Industry and Trade Minister Le Manh Hung to discuss the Korean builder's willingness to be part of the Southeast Asian country's energy development projects, the company said Thursday. According to Daewoo E&C, Jung highlighted Daewoo E&C’s more than three decades of experience in Vietnam and its extensive local network during the meeting with the Vietnamese delegation in Seoul on Wednesday. "Based on our experiences and c

LG Chem is doubling down on transformation from a petrochemical-focused company into a materials powerhouse centered on semiconductors, mobility and batteries, as it aims to rebuild its business portfolio in alignment with future-leading industries. The company previously announced its road map to invest 15 trillion won ($10.8 billion) in research and development through 2035 with about 70 percent earmarked for future growth sectors. It has also established a new organization directly under CEO

LX Pantos said Tuesday it had successfully completed a high-security defense logistics project to transport air-to-air missiles from France to South Korea for the latter's military's domestically developed amphibious attack helicopter program. The company said it carried out the project at the request of Korea Aerospace Industries, which is developing the amphibious attack helicopter under a defense acquisition program led by the Defense Acquisition Program Administration. The air-to-air missile

Hanmi Pharmaceutical said Monday it has inked an exclusive licensing agreement with Genentech for its obesity drug candidate HM17321 in a deal that could be worth up to $2.3 billion, setting new record for the firm for a licensing contract of a single drug candidate. Under the contract, Hanmi will receive an upfront payment of $190 million from Genentech, a US biotechnology subsidiary of Swiss multinational pharmaceutical giant Roche. The total value of the deal could reach as much as $2.3 billi

EuBiologics said Friday its typhoid conjugate vaccine has received prequalification from the World Health Organization, opening the door for the Korean vaccine maker to bid for international public procurement programs. Prequalification means the WHO recognizes the vaccine's safety, quality and efficacy, and clears the way for UN agencies and other international organizations to buy them for global health programs. This is EuBiologics’ second WHO-prequalified vaccine, following its oral cholera

Netmarble Chairman Bang Jun-hyuk will spend 374 billion won ($270 million) to buy most of Tencent affiliate Han River Investment’s stake in the Korean game developer, tightening his control while removing a potential share-sale pressure. According to Netmarble on Friday, the transaction was made as Han River Investment looked to sell a part of its 18.1 percent stake in Netmarble. Bang agreed to purchase 11.15 million shares, which are priced at 33,538 won each. The transaction is scheduled to cl

Kakao Games on Thursday unveiled Realm of Dokkaebi, an upcoming 2.5D massively multiplayer online role-playing game based on the Korean mythical creature Dokkaebi, as the game developer pursues a turnaround in the second half of this year. The new MMORPG, which began pre-registration at noon, combines 2D pixel-art characters with 3D backgrounds to create a hybrid visual style. The game incorporates elements of traditional Korean aesthetics into its pixel art to underline the cultural fantasy. "R

DRX, the Korean esports organization behind the 2022 League of Legends World Championship run that popularized the phrase “unbreakable spirit,” is setting its sights beyond gaming. Korean shows backed by its subsidiary are set to debut in the fourth quarter, marking the first major step in DRX’s bid to become an entertainment group, said CEO Yang Sun-il. “The boundaries between content such as games, K-dramas and films have already collapsed,” Yang said in an interview with The Korea Herald at t

진행자: 간형우, Chelsea Proctor Why Seoul can’t shake its sewer smell 기사 요약: 서울의 하수구 악취는 하수관 내 유기물 부패와 복합식 하수관, 적은 강수량 등이 주요 원인으로 꼽힌다. 하지만 노후하고 복잡하게 얽힌 하수망을 전면적으로 개선하기는 어려워, 각종 대책에도 불구하고 악취 민원은 좀처럼 줄지 않고 있다. [1] Occasionally, a sharp odor hits pedestrians as they walk along Seoul’s sidewalks. Although the smell often disappears within seconds, complaints have been repeatedly raised by residents and visitors. odor: 냄새 pedestrian: 보행자 complaint: 불평 [2] Posts describing sudden bursts of sewer-like odors

SK Biopharmaceuticals said Wednesday it has reached a settlement with Indian generic drugmaker MSN Laboratories in a United States patent dispute over cenobamate, its epilepsy treatment sold as Xcopri in the US, laying the groundwork for continued patent protection for the drug in the world’s largest pharmaceutical market. Although the terms of the agreement were not disclosed, it marks the first resolution in SK Biopharmaceuticals’ strategy to defend Xcopri’s intellectual property rights agains