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Reporter : Baek Byung-yeul
Sat, June 3, 2023 | 07:36
Hugel fails to get FDA approval for botulinum product
Hugel, a local botulinum toxin (Botox or BTX) maker, is facing a setback in its attempt to enter the Botox market in the United States as the U.S. Food and Drug Administration (FDA) rejected the documents and data to license the BTX for use, according to industry officials Wednesday.
Korean IT companies throw spotlight on AI, robotics at World IT Show
Samsung Electronics, LG Electronics, SK Telecom, KT and other Korean IT companies are exhibiting their new technologies and products focusing on emerging technologies such as artificial intelligence (AI), extended reality (XR), robotics and gadget connectivity at this year's World IT Show (WIS), according to the companies, Wednesday.
Hyundai Motor Group faces uphill battle in US EV market
Hyundai Motor Group is facing an uphill battle in the U.S. market for electric vehicles (EV), because its car brands - Hyundai Motor, Kia and Genesis - were not included on a list of EVs eligible for up to $7,500 in subsidies granted by the U.S. Inflation Reduction Act (IRA), according to industry officials, Tuesday. Previously, EVs could qualify for the tax credit as long as...
Hyundai Motor extends world archery sponsorship until 2025
Hyundai Motor said Monday that it agreed to extend a sponsorship for the World Archery Federation until 2025 as part of its efforts to foster the development of the sport. The company said it signed a three-year sponsorship renewal contract in February with the World Archery Federation. Under the contract, the sponsorship will continue until 2025.
Hyundai Mobis develops rollable display for cars
Hyundai Mobis succeeded in developing the world's first in-vehicle rollable display, creating more space inside automobiles, the company said, Monday. Hyundai Motor Group's automobile parts affiliate said its new display features a screen that rolls up and down when displaying driving information.
Legal setbacks, launch of union hamper Google's growth prospects in Korea
Google is feared to lose its growth momentum in Korea, as the U.S. tech giant has been facing increasingly unfavorable business conditions due to a series of legal setbacks coupled with the unionization of its workers, according to industry officials Friday. A top court ruled recently that the company was negligent in protecting Korean user data and the antitrust agency fined...
Korean think tank voices concerns over US government's access to Samsung's trade secrets
Samsung Electronics and other chip companies preparing to launch their manufacturing sites in the United States are increasingly concerned about potential negative impacts on national security due to the excessive subsidy application requirements of the CHIPS and Science Act announced by the U.S. government, including the potential risk of technology leaks, according to a thi...
BMW Korea tripled dividend payouts in 2022
BMW Korea was found to have sent over 1.5 times its operating profit to its German headquarters last year as it achieved its highest-ever sales in the country, according to government data, Thursday. There is no legal issue with sending dividends to overseas headquarters. However, industry officials said that sending a significant amount of dividends to its overseas headquart...
Samsung to foster manufacturing startups in North Gyeongsang Province
Samsung Electronics is making efforts to foster startups related to manufacturing businesses in North Gyeongsang Province as part of its aim to improve diversity in the country's startup ecosystem, away from the concentration in the Seoul capital area, the company said Thursday.
LG CNS enjoys popularity with home gadget community app
LG CNS is enjoying popularity with its 220 Cord & Code home appliance community platform with young consumers increasingly referencing the app when they purchase new gadgets, according to the company, Thursday.
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