The Korea Herald

Hanmi Pharmaceutical signs mega license deal with Sanofi

South Korean pharmaceutical company Hanmi Pharmaceutical Co. said Thursday that it has reached a license agreement with global drugmaker Sanofi to develop a portfolio of experimental, long-acting diabetes treatments, valued at up to 3.9 billion euros (US$4.2 billion).Under the agreement, Hanmi will receive an upfront payment of 400 million euros and is also eligible for up to 3.5 billion euros in development, registration and sales milestones, as well as double-digit royalties on net sales. The

Industry Nov. 5, 2015

Military envisions combat forces deployment on island of Ulleung, East Sea

The military is envisioning the deployment of combat marine forces on the island of Ulleung in the East Sea, a move that could add military pressure on North Korea and enhance the defense of the easternmost islets of Dokdo, a military official said Thursday.If the deployment vision is put into action, it could form a U-shaped coastal defense system linking the group of islands near the inter-Korean border in the Yellow Sea and the southern resort island of Jeju to Ulleung, located about midway a

Defense Nov. 5, 2015

3rd Lone Star hearing to take place in The Hague in Jan.

The third hearing of a multi-billion-dollar case the U.S. private equity firm Lone Star filed against South Korea over its asset sell-offs will be held in The Hague in January, the Justice Ministry here said Thursday.Lone Star and the South Korean government will counter each other at the International Centre for Settlement of Investment Disputes (ICSID) in the Netherlands from Jan. 5-8 over the equity fund's 2003 purchase of a controlling stake in Korea Exchange (KEB) and its sell-off, the mini

Nov. 5, 2015

TPP market liberalization scope similar to S. Korea-U.S. FTA: gov't

The level of market liberalization of the recently signed Trans-Pacific Partnership (TPP) is similar to the free trade pact reached between South Korea and the United States, although more time is needed to determine what impact it will have on Asia's fourth largest economy, the government said Thursday.The Ministry of Trade, Industry and Energy said that the text of the agreement reached between 12 Asia-Pacific countries early last month has to be checked in detail, and claimed there were no bi

Nov. 5, 2015

Court rules Apple not liable to compensate for tracking users' location

An appeals court on Thursday ruled against South Korean iPhone users who filed a damages suit against Apple Inc. for collecting their location information without their consent.The Busan High Court, upholding a lower court's ruling, dismissed the complaint filed against the U.S.-based tech firm and its local unit, Apple Korea, seeking 1 million won (US$879) each in compensation, saying there was no leakage of private data.While acknowledging the illegality of Apple's collection of data, the cour

Technology Nov. 5, 2015

Park proposes joint inter-Korean exchange office

President Park Geun-hye on Thursday proposed to establish a joint office with North Korea to handle inter-Korean exchanges, as a follow-up measure of a landmark deal reached with Pyongyang in August.“While the fields of civil exchanges between the two Koreas are spreading from history, culture and sports to forestry, pest control and others, there needs to be support on the government level for such a trend to expand even further,” said Park during a meeting with the members of presidential prep

National Nov. 5, 2015

Park proposes joint inter-Korean exchange office

Kakao to launch mobile chauffeur service

Kakao, operator of Korea’s most-used mobile messenger, announced on Thursday its plan to launch a mobile chauffeur service Kakao Driver.The new smartphone-based service is in line with the company’s efforts to integrate offline services into mobile businesses. 　Kakao’s chauffeur application Kakao Driver. (Kakao)Kakao Driver is aimed at “creating a healthy business environment through competition and providing more choices for users,” the company said in a press release. Kakao had previously deni

Technology Nov. 5, 2015

Kakao to launch mobile chauffeur service

[Photo News] LG nurtures global talents

LG NURTURES GLOBAL TALENTS -- LG Group chairman Koo Bon-moo (left) poses with one of Global Challenger 2015 winners in Seoul on Thursday. The annual Global Challenger competition grants winners a range of benefits including scholarships for overseas expeditions, and employment and internship opportunities. (LG Group)

Technology Nov. 5, 2015

[Photo News] LG Uplus upgrades IPTV service

　LG UPLUS UPGRADES IPTV SERVICE -- Mobile carrier LG Uplus unveils its “curation TV service,” which assigns video-on-demand on around 500 virtual channels arranged in six groups by genre. The curation TV service, which will be available for LG Uplus IPTV subscribers, also allows users to watch TV programs or films featuring their favorite stars on certain channels. (LG Uplus)

Technology Nov. 5, 2015

[Photo News] LG Uplus upgrades IPTV service

[Herald Interview] CrucialSoft eyes soaring global mobile authentication solution market

The rise of mobile payment in recent years requires device makers and software developers to have hack-proof solutions fitted in their products and services to ensure safe and convenient financial transactions.Pyun Baek-bum, chief executive of CrucialSoft, said that security solutions adopting the FIDO or Fast Identity Online standards, a set of authentication technologies aimed at enhancing interoperability of identification solutions in mobile devices, have a competitive edge over other authen

Technology Nov. 4, 2015

[Herald Interview] CrucialSoft eyes soaring global mobile authentication solution market

Amgen launches Korean affiliate

Amgen, a leading global biopharmaceutical company, officially launched a new affiliate in South Korea on Tuesday, pledging to take the lead in introducing innovative treatments to local patients.The U.S.-based biopharma giant -- best known for its blockbuster rheumatoid arthritis drug Enbrel as well as Neulasta and Neupogen, white blood cell booster drugs used after chemotherapy -- plans to launch new treatments for cancer as well as cardiovascular, rheumatic, blood and bone diseases in Korea.Am

Industry Nov. 4, 2015

NCSoft to renew focus on mobile games next year

After its earnings during the July-September period nosedived, game developer NCSoft vowed to beef up its global operations, especially in the mobile game segment.Yoon Jae-soo, chief financial officer of the Korean game company, said in a conference call Wednesday that the company would recruit “up to 100” more developers at its mobile game studio in Silicon Valley. NCSoft CEO Kim Taek-jin.The announcement is in line with the company’s initiatives to diversify its business portfolio in order to

Technology Nov. 4, 2015

NCSoft to renew focus on mobile games next year

Nexon seeks spotlight at G-Star game show

This year’s exhibition at the largest game trade show G-Star 2015 to be held in Busan next week will be full of hands-on experiences, according to Korean game developer Nexon on Tuesday. At a media briefing in Seoul for a preview, Nexon said it would unveil a total of 15 new online and mobile games during the event to be held from Thursday through Sunday in the nation’s second-largest city. Lee Jeong-hun, vice president of the game company, delivers a speech at the preview session for the G-Star

Technology Nov. 3, 2015

Nexon seeks spotlight at G-Star game show

LG CNS leads in modernizing Colombia’s transport system

Information communications and technology solutions developer LG CNS said Tuesday it had secured a deal to establish a fleet management system to collect public transit data in Pasto, Colombia, which the company said would give a boost to its business operations in South America.The FMS transmits bus data, including location, and driving speed, through GPS and network modems to a control center, which then analyzes the received information. (From left) Jorge Cote, head of public transit corporat

Technology Nov. 3, 2015

LG CNS leads in modernizing Colombia’s transport system

[Photo News] LG OLED TV sets record monthly sales

LG OLED TV SETS RECORD MONTHLY SALES -- LG Electronics said Tuesday that the sales of its organic light-emitting diode TVs have reached a record 4,500 in October. The company said it would further try to appeal to more customers by reducing the prices of its high-end TVs. (LGE)

Technology Nov. 3, 2015

[Photo News] LG OLED TV sets record monthly sales

Articles by 김영원