Number and share of registered electric, hydrogen, hybrid cars

SAN FRANCISCO -- The 38th JP Morgan Healthcare Conference 2020 came to a close Thursday, with small and big deals still covered under wraps.Being the biggest annual gathering of pharmaceuticals companies presenting each of their pipelines’ research progress, JP Morgan conference in San Francisco has often concluded in mega deals that drew eyes. In 2015, Korea’s Hanmi Pharmaceutical was invited to the conference, where it presented its major pipelines and ended up licensing out to big

SAN FRANCISCO -- Korean central nervous system drug developer SK Biopharmaceuticals’ CEO Cho Jeong-woo vowed to acquire a novel drug approval every two years, speaking to reporters during the JP Morgan Healthcare Conference 2020 in San Francisco on Wednesday. SK Biopharmaceuticals has so far received two approvals from US Food and Drug Administration; one for sleep apnea treatment Sunosi (solriamfetol), licensed out to Jazz Pharmaceutical and the other for partial onset epilepsy treatment

Eight out of 10 listed Korean companies with assets of more than 2 trillion won ($1.7 billion) were found to have no women on their boards of directors, showing that the invisible barrier to top management is still strong, data showed Sunday.Local corporate tracker Chaebol.com found that 114 of the 143 listed companies with total assets of more than 2 trillion won had no female directors based on the lists of executives submitted at general shareholders meetings last year. Hyundai Motor, SK

South Korea said Sunday that it will invest 1 trillion won ($863 million) in the next 10 years to nurture the next-generation semiconductor sector.According to the science ministry, cutting edge artificial intelligent (AI) and system-on-chip (SoC) technology, low energy consumption, high performance new devices and ultrafine fabrication processing will help the country to overcome its heavy dependence on memory semiconductors. South Korea has already spent some 1 trillion won in the past five ye

South Korea's top two automakers -- Hyundai Motor Co. and Kia Motors Corp. -- are expected to deliver improved earnings results for 2019, aided by brisk sales of sport utility vehicles and the weak local currency, industry data showed on Sunday.According to earnings forecasts by brokerages compiled by Yonhap Infomax, Hyundai Motor is believed to have logged a net profit of 3.4 trillion won ($2.93 billion) on an operating income of 3.5 trillion won, which marks a 105 percent and a 46 percent rise

Seoul High Court rules out evidence of accounting fraud at Samsung Biologics related to Lee Jae-yong’s managerial succession

Samsung Electronics’ de facto leader Lee Jae-yong on Friday appeared at the Seoul High Court with his lawyers to attend the fourth hearing of the retrial on Lee’s bribery scandal involving former President Park Geun-hye. Lee remained silent on questions asked by reporters on the scene. At the entrance to the Seoul High Court, a group of people from local labor unions demonstrated in support of more jail time for Lee. For this hearing, Samsung tried to bring CJ Group Chairman Sohn Kyu

Hyundai Motor Co.'s Kona Electric vehicle has set a Guinness world record for the highest altitude achieved in an electric car, the company said Sunday. The Kona Electric built in Hyundai Motor's Indian plant reached the Saula Himal peak that is 5,731 meters high, beating the previous record height of 5,715 meters set by the ES8 sport utility vehicle of Chinese electric carmaker Nio in September 2018, Hyundai said in a statement.The Kona Electric, which can travel up to 452 kilometers on a singl

The operator of South Korea's main gateway said Friday it has partnered with Indonesia's two state-owned companies to win a local airport expansion project. The Incheon International Airport Corp. signed a "consortium agreement" with Indonesia's airport operator PT Angkasa Pura 1 and public builder PT Wijaya Karya to obtain the deal to expand the Batam Hang Nadim Airport, IIAC said in a statement. Batam Indonesia Free Zone Authority began the bidding process in May last year and a

KT Corp., one of South Korea's major mobile carriers, said Friday it will form an alliance with five global telecommunication firms to develop 5G mobile edge computing solutions.KT said it will create the 5G Future Forum with America Movil of Mexico, Rogers Wireless of Canada, Telstra of Australia, Verizon Wireless of the United States and Vodafone of Britain.The alliance will focus on developing global specifications and standards for 5G MEC interoperability, according to KT.MEC is a key techn

The ranking of fair assets held by large conglomerates in South Korea has changed over the past decade, with only seven out of 59 surveyed firms having maintained the same rank, data from corporate tracker CEOScore showed.CEOScore surveyed assets and capital of firms with assets of at least 5 trillion won ($4.3 billion) -- defined as large conglomerates by the Fair Trade Commission. Among the top six groups, Samsung, Hyundai and SK saw their assets rise rapidly by at least 100 trillion won from

Biopharma to build 120,000-liter plant in China

CDO lab to launch in San Francisco Bay Area as start of global expansion

SAN FRANCISCO -- The key takeaways from the JP Morgan Healthcare Conference 2020 held in San Francisco this week have been the increased attention to neuroscience and cell and gene therapies among global pharmaceutical companies.Neuroscience was a recurring theme in participating firms’ research. Big pharmas Biogen, Roche, Eli Lilly, Takeda and others put forth their pipelines for Alzheimer’s disease, Huntington’s disease and Parkinson’s disease for investors to take a lo