Game developing engine house Unity Technologies announced a developer-focused growth direction and collaborative project with Samsung Electronics’ latest Galaxy mobile devices at the “Unite Seoul 2019” event Tuesday at Coex in Seoul. Games developed using Unity Engine will be better on “our smartphone devices with adaptive performance” feature, Samsung senior researcher Kim Jeong-woo said at a press event.Galaxy S10 and Galaxy Fold will come with the latest feature, while former Galaxy models wi

Industry May 21, 2019

The South Korean gaming industry is waiting on tiptoes for the impending final decision of the World Health Organization on whether to classify video game addiction as a disease. The World Health Assembly, the decision-making body of the WHO, will convene from Monday through May 28 in Geneva, Switzerland, to discuss various policy matters, including the question of game addiction. The WHO classified video game addiction as a disorder in the 11th Revision of the International Classification of Di

Industry May 20, 2019

The Ministry of Food and Drug Safety on Friday approved the sale of a portable oxygen tank by a local company, recognizing the product as a quasi drug for the first time. O2 Land’s new portable oxygen tank is the first case granted approval by the ministry since regulations on respiratory products were tightened in 2017.The government has redefined products that directly come into contact with the human respiratory system as “quasi drugs” after it emerged that toxic humidifier disinfectants had

Industry May 17, 2019

Celltion Chairman Seo Jung-jin announced Thursday the biopharmaceutical group will invest 40 trillion won ($33.6 billion) and create some 110,000 jobs by 2030 to establish itself as a global leader.Speaking at Incheon City Hall, Seo pitched the future of making South Korea the hub of global biopharma industry, with a global health care logistics network. Celltrion, headquartered in Songdo, Incheon, will collaborate with local governments such as Incheon and North Chungcheong Province to build a

Industry May 16, 2019

Drone company DJI announced its first action camera Osmo Action on Wednesday equipped with a 3.5-centimeter front screen which makes “vlogging and selfies much easier.” “The action cam market is shifting. Previously, the target users were people passionate about outdoor sports. But now, there are more users whose dream is to run a one-person media, or who habitually record their daily life,” said Senior Communications Manager Suk Gee-hyun, underscoring the benefits of Osmo Action’s selfie-mode f

Industry May 15, 2019

Epic Games CEO Tim Sweeney believes the next thing users need is a 3D virtual reality social media service.“There is something missing in conventional social media right now. We have social networks like Facebook, KakaoTalk, Twitter and Naver for communication. But they’re all based on text, pictures and movies,” Sweeney said in an exclusive interview with The Korea Herald. He was in Seoul to attend the company’s “Unreal Summit 2019” held Tuesday-Wednesday at Grand Intercontinental Parnas. Unrea

Technology May 15, 2019

Epic Games’ annual technology sharing forum “Unreal Summit 2019” is set to kick off at InterContinental Grand Seoul Parnas in Gangnam, southern Seoul, organizers said Monday.The North Carolina-based US game company’s CEO Tim Sweeney will deliver the keynote address at the event’s launch Tuesday.Epic Games is the developer of “Fortnite,” which launched in 2017 and has since amassed almost 250 million players worldwide as of March.　It is the powerhouse behind the global No.1 game developing softwa

Industry May 13, 2019

Daewoong Pharmaceutical will submit a sample of its botulinum toxin (BTX) to experts outlined by Medytox by Wednesday as part of a US International Trade Commission investigation. The firms announced Monday that they anticipate this latest development would settle the dispute that has dragged on since 2016 regarding the origin of Daewoong’s BTX. Medytox claims its former researcher illicitly transferred a BTX sample to Daewoong in the process of changing affiliations.Daewoong gained the US Food

Industry May 13, 2019

A battery supply deal with German automaker Volkwagen is at the center of a lawsuit initiated by LG Chemical against SK Innovation in the US, court documents indicated Sunday. In a complaint filed by LG Chem with the United States District Court for the District of Delaware, the South Korean battery maker claimed that its smaller rival SK Innovation had undermined its business by unfairly pursuing the deal to supply Volkswagen with EV batteries in the US.In the document, LG Chem accused SK Innov

Industry May 12, 2019

The Korea Herald is publishing a series of interviews with up-and-coming startups in the biotech sector in cooperation with the Korea Biotechnology Industry Organization. -- Ed. The development process for a novel drug -- from the discovery of a drug candidate through the preclinical trial phase, on to clinical trial phases 1, 2 and 3 and finally commercialization -- normally requires 10 years and at least 1 trillion won ($858 million).What innovative biotech startups do to sustain their busines

Industry May 12, 2019

SEOGWIPO, Jeju Island -- The resort island of Jeju is striving to be the global benchmark for sustainable development with its carbon-free project that includes plans to boost the use of renewable energy and eco-friendly vehicles, according to Jeju Special Self-Governing Province Gov. Won Hee-ryong.Won, who has used three electric vehicles since taking office in 2014, holds the honorary status of being the first provincial governor to use an official green car.“The change from gasoline cars to E

Industry May 8, 2019

Telecommunications firm KT is doubling down on its 5G service with its new esports broadcast platform, E-Sports Live. KT will exclusively live stream PUBG Mobile Street Challenge, the official mobile esports competition of “Playerunknown’s Battlegrounds,” in 5G multi-view, the company said Monday.KT’s E-Sports Live is a game live streaming application that is limited to KT’s 5G subscribers. The super speed, low latency characteristics of the 5G network enable simultaneous watching of up to five

Industry May 6, 2019

Samsung Biologics has signed a second contract development deal with bio venture firm GI Innovation, the firms announced Thursday. GI Innovation, founded in July 2017, researches novel drug candidates for inveterate cancer, immuno-deficiency diseases and metabolic diseases using a combination of microbiome and biologics platform. Microbiome refers to microbial ecosystem within the human body. GI Innovation and Samsung Biologics had signed their first deal in June 2018. Samsung Biologics' CEO Kim

Industry May 2, 2019

 In recent months, an unusual buzzword has spread among trendsetters, social media influencers and the general public. Injectable medicine “Saxenda” is being touted across various circles as one of the quickest and most efficient ways to lose weight, by suppressing one’s appetite.Although a prescription-based medicine, there were soon reports of people buying them in bulk through backdoor dealings and others reselling them. Saxenda (liraglutide) injections soon soared to the No. 3 spot in Korea’

Industry April 28, 2019

Daewoong Pharmaceutical's botulinum toxin Nabota received a positive opinion from European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP), Friday.The CHMP opinion is a scientific recommendation for marketing authorization to the European Commission, which will now review the recommendation and deliver its final decision on the Company’s marketing authorization application. The decision will be applicable to all 28 European Union member states plus Iceland, Norway and Li

Industry April 27, 2019