Made In Korea News

Tomocube’s light microscope enables realtime, 3-D observation of live cells

DAEJEON — A medical device startup born from an applied physics lab at the Korea Advanced Institute of Science and Technology is out to introduce a next-generation 3-D microscope that uses light to observe living cells in real time. Founded in 2015, Tomocube has developed a new holographic microscope that shoots weak laser light through samples of live cells and tissues. It uses their refractive index — how much the light bends, or refracts, when passing through a medium — [...]

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Divided nation marks Independence Movement Day

Marking Independence Movement Day, millions of South Koreans poured onto the streets, turning central Seoul into a sea of national flags Wednesday. But this time, the nation is deeply divided, protesting for and against President Park Geun-hye’s impeachment. As the Constitutional Court is set to rule on whether to unseat or reinstate the scandal-ridden president in early March, tension between pro-Park and anti-Park factions has reached a peak and their rhetoric has become fiercer. Anti-Park protesters holding national flags in their [...]

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Samsung, Reliance Jio to connect rural India

Samsung Electronics said it will team up with India’s Long Term Evolution mobile operator Reliance Jio Infocomm to build more high-speed wireless communication networks in India’s remote regions as well as major cities. Tapping the rapidly growing telco market in India, South Korea’s tech giant clinched an exclusive deal with Jio in 2012 to supply 4G LTE network equipment. After two years of network building across India between 2014 and 2016, the Indian telco firm launched the service in September [...]

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Korea's exports rise 20.2% in Feb.

South Korea’s exports jumped 20.2 percent last month from a year earlier expanding at the fastest clip in five years on rising oil prices and recovering world trade, government data showed Wednesday. Outbound shipments came to $43.2 billion in February, up from $35.9 billion tallied a year earlier, according to the Ministry of Trade, Industry and Energy. (Yonhap) The February rate of increase was the largest on-year gain since February 2012 when it posted a 20.4 percent monthly jump. It is the first [...]

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Investing to stay young and beautiful

The definition of “elderly” is becoming less clear by the day, as society turns older and those traditionally grouped as seniors become younger in terms of health, appearance and economic activity. It has led to the coining of the new term “No-no generation” in South Korea, a combination of the English word “no” and the Chinese character “no” meaning old. Combined together, the phrase refers to the elderly of today who are saying “No” to growing old. This new silver generation [...]

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Korea eyes exports of signature green tea

South Korea is pushing to export its most famous organic green tea brand to tap fast growing markets in the United States and other countries, officials said Tuesday. The Ministry of Agriculture, Food and Rural Affairs said it signed a contract with Handong County on the south coast and tea exporter Vision Korea Corp. on exports of “Hadong organic green tea.” Under the contract, the county, which accounts for half the country’s organic green tea output, will create a 482-hectare cultivation [...]

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LG moves to keep premium TV crown

LG Electronics is going all out to cement the No. 1 spot in the global premium television market this year by launching its flagship TV series earlier than archrival Samsung Electronics. The leading TV manufacturer Thursday launched the 2017 LG Signature OLED TV, Ultra OLED TV and Super Ultra HD TV series for the domestic market, calling it a “dual premium strategy.” Usually, South Korean TV makers launch new models in March. But LG has moved more swiftly this year. According [...]

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KITA pledges efforts to boost Korea's exports

A local association of exporters in South Korea on Thursday vowed all-out efforts to boost the country’s exports this year, despite what it called many lingering risks at home and abroad. “The ongoing political turmoil continues to have a great impact on our economy and exports,” said Kim In-ho, head of the Korea International Trade Association. “The country failed to achieve its goal to expand exports quantitatively and reach $1 trillion in trade last year, but I believe we have showed [...]

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Celltrion’s Rituxan biosimilar wins European approval

South Korea’s Celltrion announced Wednesday that the European Medicines Agency has granted sales approval to Truxima, its biosimilar drug referencing Roche’s blockbuster lymphatic cancer drug Rituxan. Truxima is the first ever Rituxan (rituximab) biosimilar to be approved by the European drug regulator, as well as the first ever Europe-approved biosimilar monoclonal antibody used to target cancer. Biosimilars are cheaper, near replicas of living cell-based biologic drugs whose patents have expired. The recent emergence of these alternative drugs have begun to threaten [...]

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Majority of Korean exporters oppose revision to commercial law

More than half of exporters in South Korea are against a proposed revision to the commercial law aimed at limiting the power of large shareholders in their respective firms that often comes at the expense of smaller shareholders, a survey showed Monday. In a recent survey conducted by the Korea International Trade Association, 50.5 percent of heads of 791 local export companies said they were against the revision currently sought by opposition parties. Another 31.8 percent answered the political parties must [...]

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