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Biz & Tech

Manufacturing

Sat, December 5, 2020 | 14:26

Korea's exports of virus test kits reach $2.3 billion this year

Korea's exports of virus test kits reach $2.3 billion this year

South Korea's exports of coronavirus test kits amounted to $2.3 billion in the first 11 months of the year due to soaring demand amid the deepening pandemic, data showed Friday. Exports of test kits hit a record high of $546 million in November, up from $412 million the previous month, according to the Ministry of Food and Drug Agency and the Korea Customs Service.

2020-12-04 16:59

Volkswagen asks government to mediate LG-SK feud

Volkswagen asks government to mediate LG-SK feud

Volkswagen has asked officials here to possibly “mediate” in the ongoing legal battle between LG Energy Solution and SK Innovation (SKI) over electric vehicle (EV) battery-making trade secrets due to concerns the matter could impact the industry's global supply chains, according to sources, Thursday. “I understand that Volkswagen recently asked the government to intervene in ...

2020-12-03 17:21

SK's annual reshuffle aims for stability over change

SK's annual reshuffle aims for stability over change

SK Group took a conservative approach in its annual year-end reshuffle, Thursday, choosing stability over change due to rising global uncertainties from the COVID-19 pandemic. Most of the CEOs in key posts have maintained their positions, while there were some new appointments to strengthen the group's semiconductor and renewable energy businesses.

2020-12-03 16:35

Amid uncertainties, Samsung leaves key CEOs unchanged

Amid uncertainties, Samsung leaves key CEOs unchanged

Samsung Electronics conducted a year-end executive reshuffle Wednesday that focused on stabilizing management amid the COVID-19 pandemic and enhancing its worldwide competitiveness.

2020-12-02 16:51

LG Chem to initiate 'Phase 1' trial of liver disease treatment

LG Chem to initiate 'Phase 1' trial of liver disease treatment

LG Chem said Wednesday that it has been given approval to commence Phase 1 clinical trials of a liver disease treatment by the U.S. Food and Drug Administration (USFDA).

2020-12-02 16:10

Japan Nike ad on bullying and racism causing backlash

Japan Nike ad on bullying and racism causing backlash

A video ad from Nike Japan against bullying and racism that features biracial athletes and other minorities, such as those of Korean descent, has prompted a sharp online response including calls to boycott the company. Japan has traditionally prided itself on being racially homogeneous, although successful mixed-race athletes such as tennis star Naomi Osaka are challenging th...

2020-12-02 14:14

USITC set to delay ruling over LG-SK battery feud, again

USITC set to delay ruling over LG-SK battery feud, again

The U.S. International Trade Commission (USITC) could postpone its final ruling over the legal battle between LG Chem and SK Innovation, slated for Dec. 10, once more, given the United States is facing rising COVID-19 cases and President-elect Joe Biden has started the transition of power, according to a top industry source, Tuesday.

2020-12-01 16:43

Korea signs agreement with AstraZeneca for COVID vaccine

Korea signs agreement with AstraZeneca for COVID vaccine

The government has signed an agreement with AstraZeneca to secure 25 million doses of its COVID-19 vaccine, two sources directly involved with the matter said Monday. They said SK Bioscience would handle the manufacture of the vaccine, known as AZD1222, for domestic distribution. According to the sources, the size of the deal is known to be “a few million dollars.” "The gover...

2020-11-30 16:39

Will AstraZeneca vaccine trial affect SK Bioscience IPO?

Industrial output stays flat, consumption falls again in October

Industrial output stays flat, consumption falls again in October

South Korea's industrial output stayed flat in October from a month earlier while consumption and investment declined again, data showed Monday, in a sign that economic recovery momentum still remains weak amid the pandemic. The nation's overall industrial production remained unchanged on-month in October, following a 2.2 percent on-month gain in September, according to the d...

2020-11-30 10:46

[REPORTAGE] LS C&S working around the clock to supply cables overseas

[REPORTAGE] LS C&S working around the clock to supply cables overseas

Just 2 hours and 40 minutes on a KTX from Seoul Station will bring you to Donghae Station in Gangwon Province, a rural district with a population of a mere 96,000. The location is home to LS Cable and System (C&S), Asia's largest submarine cable manufacturer, and its plant has become a renowned landmark in the area since it was first established in 2009.

2020-11-29 13:53

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