SAN DIEGO, Jun. 4 (Korea Bizwire) – Samsung Biologics, a leading biopharmaceutical company, has unveiled a new platform and customized brand to strengthen its contract development and manufacturing organization (CDMO) capabilities in the biotech drug development arena. At the 2024 BIO International Convention in San Diego, the company introduced its new CDMO platform, S-Tensify, designed to [...]
SEOUL, Jun. 4 (Korea Bizwire) — The owner of U.S.-based geoscience research company Act-Geo said Tuesday he was traveling to South Korea to discuss Seoul’s newly envisioned offshore oil and gas exploration project on the east coast. On Monday, President Yoon Suk Yeol said South Korea will push to embark on the project in the [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s foreign reserves declined in May due to a fall in deposits and the central bank’s foreign currency swap with the country’s national pension fund, central bank data showed Wednesday. The country’s foreign reserves had come to US$412.83 billion as of end-May, down $3.51 billion from the previous [...]
SEOUL, Jun. 5 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Wednesday it has signed an initial pact with a U.S. company to strengthen the competitiveness of its electric vehicle (EV) battery management solutions. LGES has signed a memorandum of understanding (MOU) with Analog Devices, Inc. (ADI) to jointly [...]
SEOUL, Jun. 5 (Korea Bizwire) – South Korea’s leading food delivery platform, Baemin, has announced that its delivery riders working over 40 hours per week earned an average monthly income of 3.93 million won from January to April this year. This figure represents a notable increase of 400,000 won (11.3%) compared to the same period in [...]
SEOUL, Jun. 4 (Korea Bizwire) –CJ OnStyle, a South Korean home shopping channel, has revealed that its web drama series “Wake Up to a Latte” (unofficial translation) aimed at women in their 30s and 40s, has amassed over 10 million views, indicative of its growing popularity. “Wake Up to a Latte” debuted in September 2023, [...]
SEOUL, Jun. 4 (Korea Bizwire) –A Greenpeace investigation has revealed that parts of the Baekdudaegan protected areas, a crucial ecological corridor on the Korean Peninsula, are being deforested for commercial forestry plantations. In a report titled “Unprotected Protected Areas,” released ahead of World Environment Day on June 5, Greenpeace found that 74,947 hectares of South [...]
SEOUL, Jun. 4 (Korea Bizwire) –The Seoul Metropolitan Government announced on May 4 that it will produce its bottled drinking water brand Arisu in 100% recycled plastic PET bottles. Last year, the city supplied Arisu in bottles made with 30% recycled plastic, which had received certification from the Ministry of Environment and the Ministry of [...]
SEOUL, Jun. 4 (Korea Bizwire) – As the era of artificial intelligence (AI) intensifies the demand on data centers, the immersion cooling market for cooling overheated electronic devices is gaining attention. Immersion cooling fluids are non-conductive lubricants traditionally used by oil refiners, who are now rushing into this emerging business en masse. According to industry analysts, [...]
SEOUL, Jun. 4 (Korea Bizwire) – Pharmaceutical and biotechnology companies at home and abroad are striving to recreate the value of their products by expanding the therapeutic areas they can be used for, known as new indications. In March, the U.S. Food and Drug Administration approved the obesity drug Wegovy, made by the Danish company Novo [...]