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The Korea Herald

Companies

August 10, 2020
HMM sells stake in Algeciras terminal

HMM said on August 10 it has secured stable business for Spain’s container terminal Total Terminal International Algeciras through strategic partnership with French shipping company CMA CGM. The South Korean shipping firm said it has signed a contract to sell a 50 percent stake in Algeciras cont...
August 10, 2020
SK makes world’s 1st NCM battery with 90% nickel

SK Innovation will commercialize the world’s first nickel cobalt manganese (NCM) batteries that contain 90 percent nickel, according to industry sources on August 10. The South Korean battery maker will supply lithium-ion batteries that contain 90 percent nickel, 5 percent cobalt and 5 percent m...
August 07, 2020
Enzychem Lifesciences’ COVID-19 drug proceeds to phase 2 trial

Enzychem Lifesciences’ COVID-19 treatment candidate EC-18 was granted by the US’ Food and Drug Administration to carry out phase 2 clinical trial on confirmed patients, the company said on August 7. In this phase 2 clinical trial, Enzychem Lifesciences will confirm the therapeutic effects of EC...
August 05, 2020
Coupang, LG Chem narrow gap with global No. 1 firms

Seven Korean companies, including Coupang and LG Chem, have narrowed their revenue gap with global No. 1 companies over the past five years, data showed on August 5. Local corporate tracker CEOScore surveyed revenues of the world’s No. 1 companies and No. 1 firms in Korea in their respective fie...
July 29, 2020
Antitrust watchdog fines SPC W65b, reports chairman to prosecutors

Korea’s antitrust watchdog has decided to impose a fine of 64.7 billion won ($54.1 million) on food giant SPC for violation of antitrust laws, officials said on July 29. The Fair Trade Commission is also set to report Chairman Hur Young-in, former group CEO Cho Sang-ho and former Paris Croissant...
July 29, 2020
GC’s potential blazes through pandemic crisis

GC Pharma on July 29 sought the Drug Ministry’s approval to carry out a phase 2 clinical trials of its plasma-derived COVID-19 treatment. The company plans to conduct tests of its GC5131A on 60 patients at Samsung Medical Center, Asan Medical Center, Chung-Ang University Hospital, Korea Universi...
July 27, 2020
Vaccine developer SK Bioscience plans 2021 IPO

SK Group is pushing for another initial public offering of its health care affiliate SK Bioscience, just a month after SK Biopharmaceuticals’ record-breaking stock market entry last month. SK Bioscience, a vaccine developer that was spun-off from SK Chemical in July 2018, will reportedly file fo...
July 24, 2020
Celltrion launches human clinical trials of potential COVID-19 antibody treatment

South Korean biopharma giant Celltrion said on July 24 it has launched phase 1 clinical trials of a potential antiviral antibody treatment for COVID-19 patients. The clinical study follows promising preclinical results for the virus treatment candidate and has received approval from the Korean M...
July 21, 2020
COVID-19 test kit company Seegene soars to Kosdaq No. 2

Seegene, a Korean diagnostics company acclaimed for having preemptively developed COVID-19 test kits before the pandemic even reached Korea, has since risen to the second rank on the Kosdaq bourse. The ongoing coronavirus threat has shifted the market positions of companies across industries, wit...
July 20, 2020
Korean watchdog to examine Tesla’s ad for autopilot

The South Korean Fair Trade Commission has launched an internal review of Tesla’s advertisement that describes the car’s autopilot function as self-driving technology, according to industry sources on July 19. The watchdog is examining whether Tesla violated fair labeling and advertising laws, ...
July 02, 2020
Hyundai Mobis invests W25b in US tech funds for future mobility

South Korea’s Hyundai Mobis said on July 2 it has injected 25 billion won ($20 million) in Silicon Valley tech funds ACVC Partners and MOTUS Ventures, as part of its move to secure future mobility technology and next-generation business opportunities. ACVC Partners and MOTUS Ventures have been a...
June 30, 2020
Hyundai Steel to ramp up ultrahigh products for carmakers

Hyundai Steel said on June 30 it will speed up the development of high-strength steel materials to gain an upper hand in the global automobile market. This year, the steelmaking arm of Hyundai Motor Group aims to supply 1 million tons of steel plates to leading car makers across the globe through ...
June 30, 2020
Chunlab launches health care services centering on feces analyzation

We know this by many names. Poo, feces, stool, turd, excrement. ... The list can grow endless if imaginative children join in. But scatology is not a matter to be lightly regarded, as “gut feelings” take on a literal meaning in health care. Chunlab, a microbiome research firm, on Tuesday launch...
June 29, 2020
Eastar Jet founder vows to return all family shares to revive Jeju Air’s acquisition

Korean budget carrier Eastar Jet founder Lee Sang-jik, who is also a member of the ruling Democratic Party of Korea, said Monday that the ownership family will contribute all their shares, worth around 41 billion won ($34.2 million), to Eastar Jet to “save the company,” amid growing uncertainty i...
June 24, 2020
SK Biopharmaceuticals set to make historic IPO

SK Biopharmaceuticals, a drug company researching and developing novel medicines for central nervous system disorders, is set to make a record-breaking initial public offering. On June 24, the second and final day of the company’s subscription-open for individual investors, the proof of means th...

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