Coupang Inc., South Korea’s leading e-commerce platform, reported third-quarter earnings that exceeded Wall Street’s projections. Despite this, the company’s stock experienced a decline in after-hours trading on Tuesday. Q3 Financial Performance For the quarter ending September 30, 2024, Coupang reported earnings of $0.04 per share, surpassing analysts’ consensus estimate of $0.01 per share. Revenue reached […]
North Korea has raised alarms across the globe after firing multiple ballistic missiles toward the Sea of Japan just hours before the United States presidential election. The sudden move is widely seen as a calculated attempt to assert the country’s military power and potentially influence the foreign policy focus of the incoming U.S. administration. The […]
The United States has accused North Korea of deploying troops to Russia, with suspicions they might be used in combat operations in Ukraine. The claim, made by US Defense Secretary Lloyd Austin, marks a significant escalation in North Korea’s involvement in the ongoing conflict. Austin stated that there is credible evidence of North Korean soldiers […]
South Korea is set to provide Ukraine with offensive weaponry following intelligence reports that North Korea has deployed troops to support Russia’s ongoing war efforts. The move is a significant policy shift for Seoul, which has historically refrained from exporting lethal arms to active conflict zones. However, with North Korea’s involvement in the Ukraine conflict, […]
Samsung Biologics (KRX: 207940.KS), a leading contract development and manufacturing organization (CDMO), has signed its largest-ever contract, valued at USD 1.24 billion, with an undisclosed Asia-based pharmaceutical company. The agreement, the largest single-client contract in the company’s history, extends until December 2037, with production set at the biomanufacturing hub in Songdo, South Korea. Contract Milestones […]
Mainstream Renewable Power and Ocean Winds have received the green light from the South Korean Ministry of Environment for their ambitious 1.1 gigawatt (GW) floating offshore wind farm project off the coast of Ulsan. The Environmental Impact Assessment (EIA) approval for the KF Wind project marks a major step forward, allowing the developers to move […]
Innovo Therapeutics Inc. has revealed remarkable results from its Phase 2 clinical trial, demonstrating the efficacy of INV-001 in reducing post-thyroidectomy scars. This innovative treatment achieved a notable 24.5% reduction in scar size with the high (2%) dose compared to a placebo, marking a significant advancement in scar management. The clinical trial, which involved 77 […]
Organon and Eli Lilly and Company have expanded their commercialization agreement for Emgality, a leading migraine treatment, into 11 additional markets, reinforcing their commitment to addressing one of the most prevalent neurological disorders worldwide. Organon and Eli Lilly Expand Emgality Agreement Organon, a global healthcare company with a focus on women’s health, and Eli Lilly […]
EQT Infrastructure VI has announced a significant expansion into South Korea’s waste management sector through a definitive agreement to acquire KJ Environment and its affiliated companies. This move, executed in partnership with Genesis Private Equity, is set to create a prominent waste treatment platform focused on plastic recycling and waste-to-energy solutions. Strategic Expansion in South […]
In a stunning turn of events that has thrilled fans worldwide, Jin, the eldest member of the global K-pop sensation BTS, has been announced as an Olympic torchbearer for the upcoming 2024 Paris Summer Olympics. This prestigious role comes just after the singer completed his mandatory 18-month military service in South Korea. Jin, 31, is […]