South Koreans with Allergan’s textured breast implants are expressing fear and complaining about a lack of direction from authorities, a week into the latest developments surrounding the first Korean patient being diagnosed with breast implant-associated anaplastic large cell lymphoma, or BIA-ALCL, a rare cancer of the immune system.The first BIA-ALCL diagnosis in Korea was publicly announced Wednesday last week by the Korean Ministry of Food and Drug Safety. It was the fourth such case in

Industry Aug. 20, 2019

 진행자: 임정요, Kevin Lee Selzer1. Donggubat CEO strives for social well-being along with revenue growth기사요약: 사회적 기업 동구밭의 대표 노순호씨는 프리미엄 비누 회사를 운영하며 월 매출이 4백만원 증가할 때마다 발달장애인 정규직 직원을 한 명씩 추가채용하고 있다. 현재 32인으로 구성된 그의 회사엔 20명의 장애인 정규직 직원이 근무 중이다.아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2팟빵 (안드로이드): http://www.podbbang.com/ch/6638[1] Donggubat CEO Noh Soon-ho, is a millennial business leader who is confident and ambitious about his aspirations to kill t

Podcast Aug. 19, 2019

Global fashion houses Gucci and Louis Vuitton have incorporated 8-bit retro games into their mobile apps and online websites to attract more millennial attention. Gucci, the first from high fashion house to pivot to games for marketing, has launched the Gucci Arcade corner in its smartphone application since July. The Gucci Arcade currently has two titles Gucci Bee and Gucci Ace, whose names take after the iconic fashion lines of the Italian brand. Users can play the game for free after download

Industry Aug. 19, 2019

ULikeKorea is a livestock health care startup that has introduced a first-of-its-kind bio capsule designed to lodge inside a cow’s first stomach and stay there to monitor the animal’s food and drug intake, real-time core body temperature and breeding cycle for quality meat production.The company became one of the eight winning candidates in the third SoftBank Innovation Program that took place in June, 2018, as a promising agritech firm in the “disrupt” category.There hav

Industry Aug. 18, 2019

Korean telecom company KT said Sunday it has launched a mobile application to help prevent epidemics in Ghana, Africa. Called the Global Epidemic Prevention Platform, the app allows users to access information on epidemic diseases. It supports three functions: GEPP Public, GEPP Clinic and GEPP Gov. GEPP Public alerts people who enter an epidemic region of the potential dangers. GEPP Clinic receives real-time notifications from people who have experienced an epidemic breakout and displays locatio

Industry Aug. 18, 2019

Global smartphone makers are anticipated to go head-on in September, with some strategically unveiling their latest models at the annual trade show, the Internationale Funkausstellung (IFA) 2019, from Sept. 6 to 11 in Berlin, Germany.LG Electronics announced that it will introduce its new dual-screen smartphone V50S at the annual consumer electronics show, while industry watchers predict Samsung Electronics is likely to display its foldable phone Galaxy Fold for consumers to experience it firsth

Industry Aug. 15, 2019

As South Korea continues to be focused on the escalating trade conflict with Japan that is threatening the tech companies, a different kind of conflict is haunting the game industry here.From early 2017, not a single license has been issued for new games from Korea in China -- whose gaming market is estimated to be worth around 37 billion won ($30 billion).NCSoft has been waiting for Chinese approval of Lineage Red Knights since January 2017. Netmarble’s mobile games Lineage 2 Revolution a

Industry Aug. 14, 2019

LG Electronics said Tuesday it has launched a 100 kilowatt all-in-one energy storage system that operates on solar power. According to the company, the new system can store electricity that 30 households can use in a day. It has a capacity of 313 kWh, 14 percent larger than the previous model. A series of fires at 23 ESS facilities had prompted the Ministry of Energy to issue inspection guidelines in December 2018 and June this year.  LG said it has added incombustible materials in the all-

Industry Aug. 13, 2019

Samsung BioLogics said Monday that a new cell-culturing technology called N-1 Perfusion -- adopted for its third plant in Songdo, Incheon, from July -- has proven to increase cell density up to 10 times and cut down on production time by 30 percent.“With this, we have opened up scaled-up commercialization for our clients,” said John Lim, vice president at Samsung BioLogics, who is in charge of Plant No. 3. The South Korean contract manufacturing organization will customize its c

Industry Aug. 12, 2019

Telecom service provider KT has taken over Surfyy Beach, a rising surfers’ beach party area in Yangyang, Gangwon Province, with various activities related to 5G services for 10 days from Friday to Aug. 18.The first thing visitors can see is a banner “KT 5G 5WAG,” written so that the number 5 in the last word looks like the alphabet “S.” The words are emblazoned across a giant screen installed at the entrance to the beach, which livestreams footage of jet surfer ridi

Industry Aug. 11, 2019

SillaJen will sturdy rickety investor sentiments with more data as soon as ready, the company told The Korea Herald on Friday, while maintaining that currently it can only offer to say the company has unfazed faith in the efficacy of Pexa-Vec.SillaJen will follow through with the plan to establish a new research and development center in Pangyo, Gyeonggi Province, which will open in September. SillaJen, a viral Korean biotech company whose market value came reached 10 trillion won ($8.3 billion)

Industry Aug. 8, 2019

Korean biotech startup Bridge Biotherapeutics, established in 2015, has tried to go public twice on secondary bourse Kosdaq, both times unsuccessfully.The 18-man company’s “no research, development only” business model, albeit more common overseas, did not appeal to Korean regulators reviewing the soundness of the company’s fiscal portfolio. The regulators’ reception is hoped to have warmed up, however, after Bridge Biotherapeutics bagged a record license-out deal w

Industry Aug. 1, 2019

Despite Yuhan Corp.’s second-quarter earnings shock, analysts on Thursday predicted the company would make a turnaround in the second half of the year. Yuhan’s second-quarter report showed Wednesday that the company marked 355.7 billion won ($299 million) in quarterly revenue, a 7 percent fall from a year earlier. Operating profit dropped more than 98 percent to 444 million won, while net profit fell nearly 75 percent to 4.7 billion won.Analyst Sun Min-jung from Hana Financial Invest

Industry Aug. 1, 2019

South Korea’s leading contract manufacturing organization Samsung BioLogics confirmed Wednesday it has signed its third consecutive deal with Belgium’s UCB, a rare case in the industry.On top of two other existing deals with the multinational biopharma firm, Samsung BioLogics will now also produce UCB’s anti-tau candidate to treat progressive supranuclear palsy, currently undergoing clinical trials.The agreement promises Samsung BioLogics a guaranteed fee of 40.3 billion won ($

Industry July 31, 2019

Despite lackluster smartphone sales, LG Electronics marked record second-quarter revenues, with its home appliances division propping up the company’s performance. LG said Tuesday that it marked consolidated revenue of 15.6 trillion won ($13.2 billion) and 652 billion won in operating profit between April and June, resulting in a 4.1 percent increase in revenue and 15 percent fall in operating profit on-year. The figures were led by performances from the home appliances and mobile communic

Industry July 30, 2019