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Reporter : Baek Byung-yeul
Sat, June 3, 2023 | 08:02
HLB Cell produces extracellular matrix Hutrigel
HLB Cell, a subsidy of HLB Life Science, succeeded in producing an extracellular matrix that is rich in human basement membrane through a normal cell culture procedure, the cell therapy drug developer said Wednesday. The company said it will release the organoid biomaterial called Hutrigel, which is based on normal human cells, in the second quarter of the year.
LG Energy Solution to source lithium from US FTA partner Morocco
LG Energy Solution is diversifying its supply for a material that is essential for electric vehicle (EV) batteries. The battery cell maker is seeking to source lithium hydroxide from Morocco, which has secured free trade agreements (FTAs) with the United States and the European Union, according to the company, Wednesday.
SK hynix issues $1.7 bil. exchangeable bond to fund operations
SK hynix, the world's second-largest memory chip producer, has issued exchangeable bonds to secure $1.7 billion in liquidity for the operation of its semiconductor-manufacturing business which has experienced difficulties due to sluggish chip demand, the memory chip maker said Tuesday.
Apple's expansion in Korea puts Samsung on alert
Apple opened its Apple Gangnam retail store near Sinnonhyeon Station in the southern Seoul on March 31, only a 15-minute walk from Samsung Electronics' Seocho headquarters. This may be seen as Apple's attempt to strengthen its presence in the country's capital, which has a high demand for premium products, according to industry officials Tuesday.
Innospace requests more gov't support for space business
Innospace, a local space startup, asked the government to offer more support for the country's space industry, such as fostering experts and strengthening support for private companies, the science minister said Monday. Kim Soo-jong, CEO of Innospace had a meeting with Lee Jong-ho, minister of Science and ICT, at the ministry's office in Sejong.
Korean companies scramble to issue guidelines for ChatGPT over data leak fears
Samsung, SK, LG, POSCO and other companies here are scrambling to make their own guidelines for using ChatGPT and other chatbot artificial intelligence (AI) services in order to prevent problems caused by the misuse of these programs, such as information leaks, according to companies and experts, Monday.
Korean battery firms to benefit from US IRA guidance
LG Energy Solution, Samsung SDI, SK On and other Korean companies in the electric vehicle (EV) battery industry are cleared to continue their expansion in the United States, as Washington decided to grant tax incentives when battery materials are processed in Korea, according to industry officials and the government, Sunday.
Korea ready to greet BIE inspection team
The government, politicians, companies and citizens of the nation are ready to greet an on-site inspection team of the Bureau International des Expositions (BIE), who will visit Korea from April 2 to 7 to evaluate Busan's readiness and suitability to host the World Expo 2030, they said Friday. Eight representatives of the BIE, an organization in charge of overseeing World Exp...
KT vows to improve governance amid political influence controversy
KT vowed Friday to normalize its management quickly by improving its governance structure as concerns are mounting over its future after failing to select a new company CEO, due largely to the government and ruling party officials' political interference.
Korea, Japan bolster business exchanges following Yoon-Kishida summit
Korea and Japan have agreed to hold a series of meetings this year to find ways to boost economic cooperation between the two nations, according to the trade ministry and business lobby groups, Thursday. The move came as a follow-up measure to President Yoon Suk Yeol's March 16 to 17 visit to Japan where he agreed to normalize bilateral relations during a summit with Japanese...
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