Tag - Made In Korea news

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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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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Flynn likens Korea-US alliance to 'sticky rice cake'

Incoming US National Security Advisor Mike Flynn vowed to further strengthen the US alliance with South Korea, likening the relationship to a “sticky rice cake,” an official said Tuesday. Sticky rice cake is often used as a metaphor for an inseparable bond in Korean culture. Flynn made the remark when he met with his South Korean counterpart Kim Kwan-jin Monday for talks that focused on ways to move relations between the two countries forward and how to deal with North Korea, [...]

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Foreign, local firms vie for web-based broadcasting market in Korea

South Korea’s mobile carriers and foreign technology firms are vying for the nation’s growing market for Internet-based broadcasting services as people spend more time on their smartphones watching TV shows and movies. While the so-called over-the-top content broadcasting, which delivers video and other content via the Internet, is growing, some analysts say there is a long way to go before people embrace paid Internet broadcasting services. Following the entry by an Internet TV network Netflix into the Korean market, U.S. video [...]

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LG Chem strengthening bioscience business in 2017

LG Chem said Thursday it will strengthen its bioscience business this year, expanding research and development (R&D) investment for synergy with two bio players that the firm acquired last year. The plan comes after the company took over Dongbu Farm Hannong, a Seoul-based processor of agricultural materials, in January last year, in what it said was a move to expand its presence in the “green biology” industry. The company finalized its acquisition of LG Life Science, Jan. 1 this year, [...]

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LG CNS to build large-scale solar plant deal in Japan

LG CNS will establish a 55-megawatt (MW) solar power generation plant in the Mine region of Yamaguchi Prefecture, which will be one of the five largest solar plants in Japan, the company said Tuesday. The solar plant project, ordered by global solar energy company Canadian Solar, will reach a business scale of about 170 billion won ($142.55 million). The system integration business affiliate of LG Group said establishment of such a large solar power plant in Japan will set a [...]

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LSIS betting big on microgrid as power management system

LSIS is going all-out to become a global top-tier microgrid operator, as part of its portfolio shift into the next-generation power management industry. The Seoul-based energy and electric equipment systems firm has in recent years pushed for aggressive expansion into the promising yet infant energy-independent microgrid sector, amid growing demand for sustainable sources of electricity. As the microgrid requires a wide range of technological expertise in such areas as energy storage systems (ESS), energy management systems (EMS) and renewable energy sources, [...]

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DSME clinches shipbuilding order from Greece-based company

Daewoo Shipbuilding and Marine Engineering (DSME) has clinched an order to build a 173,400-cubic-meter liquefied natural gas floating storage and regasification unit (LNG-FSRU) from Greece-based Maran Gas Maritime, a deal providing financial relief to Korea’s debt-ridden shipbuilder. Maran Gas Maritime is an affiliate of Greece’s largest shipping company Angelicoussis Shipping Group, and it is the group’s first LNG-FSRU order. The contract also includes an option to build two more LNG tankers if Angelicoussis Shipping Group satisfies with the first deal to [...]

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Kakao to integrate video service platforms

Kakao is strengthening its video content business by integrating its video-on-demand (VOD) service and personal media production platforms early next year, according to the company Thursday. The provider of the nation’s most-used mobile messenger service Kakao Talk said it will merge its two video service platforms ― Daum tvPot and Kakao TV ― in February, unifying them into “Kakao TV.” The company expects this to help video content creators better commercialize their products through the new platform, which will be [...]

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Hyundai, Kia warned of ‘hazardous conditions’ at US suppliers before worker's death

A worker at an Alabama plant making auto parts for Hyundai Motor and Kia Motors was crushed to death by machinery in June, several months after the automakers were warned of hazardous conditions at their suppliers. David Michaels, assistant secretary of labor for the Occupational Safety and Health Administration, said in a report on the death of Regina Allen Elsea that he had visited the carmakers in South Korea in 2015 and warned top managers of safety problems at their [...]

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