News
JW Pharmaceutical secures GLP-1 drug rights in $81m deal
12+ hour, 9+ min ago (286+ words) JW Pharmaceutical said Thursday it has secured exclusive domestic rights to bofanglutide, a next-generation GLP-1 receptor agonist, under a licensing agreement with China's Gan & Lee Pharmaceuticals. Under the deal, JW Pharmaceutical will lead development, regulatory approval and commercialization in Korea,…...
HD Hyundai Heavy builds world's first ammonia ship
58+ min ago (302+ words) HD Hyundai Heavy Industries said Thursday it has built the world's first ammonia-fueled vessel, holding a naming ceremony for two 46, 000-cubic-meter medium-sized gas carriers at its Ulsan shipyard. The ceremony was attended by company executives including Joo Won-ho, chief operating…...
Audit failures put 54 firms at risk of delisting
7+ hour, 22+ min ago (374+ words) A total of 54 listed firms " 12 on the Kospi and 42 on the Kosdaq " face potential delisting after failing to secure clean audit opinions for their 2025 financial statements, the Korea Exchange said Thursday. The companies triggered delisting grounds as of April 7 after…...
Kakao Bank taps MCS Group for Mongolia expansion
12+ hour, 12+ min ago (336+ words) Deal includes investment in M Bank, joint credit model development Kakao Bank said Thursday it has signed a memorandum of understanding with MCS Group, marking a key step in its entry into the Mongolian financial market and global expansion. The…...
LX Hausys ramps up global push with trade show blitz
23+ hour, 20+ min ago (385+ words) LX Hausys is stepping up its global expansion by showcasing products at major trade shows across Europe, the US and Asia, as it seeks new growth amid rising costs and shifting market conditions. The company said overseas revenue reached 1. 02 trillion…...
Kakao Bank targets Mongolia in next global push
21+ hour, 36+ min ago (608+ words) AI push, inclusive finance model drive expansion beyond Southeast Asia South Korea's internet-only lender Kakao Bank is stepping up its push into artificial intelligence, aiming to evolve into a personalized financial assistant while accelerating its overseas expansion, including entry into…...
Posco absorbs 7, 000 subcontracted workers in first "Yellow Envelop" test
1+ day, 13+ hour ago (449+ words) Massive hiring equal to 40% of existing full-time staff South Korean steelmaker Posco said Wednesday it plans to directly hire approximately 7, 000 workers currently employed by its subcontractors, marking the first major case of a large company bringing subcontracted workers in-house following…...
China winning in gaming race as Korea stumbles on policy
1+ day, 1+ hour ago (738+ words) Despite $8. 5b in exports, games remain outside Korea's priority support list China's ascent in the global gaming industry is no longer a projection but a reality reshaping competitive dynamics across markets worldwide, where Korean developers once held an edge. From sheer…...
HD Hyundai backs partners with materials, funding amid war risks
1+ day, 2+ hour ago (234+ words) HD Hyundai said Wednesday it will supply key shipbuilding materials to small and medium-sized partner companies to help ease production disruptions stemming from the US-Iran conflict. The support includes ethylene used for steel cutting and base materials for marine coatings....
Why Hyundai Card CEO is turning to architecture in era of AI
1+ day, 12+ hour ago (414+ words) "Architecture becomes even more important in the online era." "Even our organizational chart is highly architectural " from how divisions and teams are structured to how we break through silos and how people move across departments, all of that is designed....