Rael, a US manufacturer of feminine care products, has launched a brand new range of advanced, vegan skincare products under the Rael Beauty brand to expand into wellness skincare products. The new skincare collection, which is said to be inspired by K-Beauty and developed with feminine care expertise, is formulated to balance the fluctuating needs […]
Norwegian shipping company Knutsen NYK Offshore Tankers (KNOT) has bagged a contract to construct two LNG-fueled shuttle tankers from Italian oil and gas company Eni. To be built by Daewoo Shipbuilding & Marine Engineering in South Korea, the two new 124,000 DWT LNG fueled shuttle tankers are slated to be delivered in mid-2022. Under time-charter […]
Aker Solutions and EDP Renewables are joining forces with Wind Power Korea to develop a floating wind farm in South Korea, which will have an initial capacity of 500MW. The floating wind project will be built off the coast of Ulsan Metropolitan City. The consortium formed by the companies follows the investment made by EDP […]
XCOPRI FDA approval : SK Biopharmaceuticals said that its US subsidiary SK Life Science has been granted approval from the US Food and Drug Administration (FDA) for its anti-epileptic drug XCOPRI (cenobamate tablets) for the treatment for partial-onset seizures in adults. According to the FDA, a seizure is normally a short episode of abnormal electrical activity […]
Yuhan Pharmaceuticals has entered into a collaboration with Canadian biotechnology company Cyclica to use the latter’s artificial intelligence (AI) driven integrated drug discovery platform in two separate research and development (R&D) programs in oncology. The South Korean healthcare company said that it is looking to adopt innovative technologies to boost its drug development efforts. In […]
Hyundai Motors, a South Korean automotive manufacturer, and Aptiv, an Ireland-headquartered auto parts company, will establish a joint venture (JV) with an enterprise value of US$ 4 billion. The 50-50 partnership will make a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive producers by 2022. The JV will advance the design, […]
Global investment company KKR has agreed to sell KCF Technologies (KCFT), a producer of copper foils and flexible copper clad laminates, to South Korean conglomerate SK Group affiliate SKC, for a sum of KRW1.2 trillion ($1 billion). The copper foils and copper clad laminates manufactured by KCFT are mainly used in li-ion batteries for electric […]
ResMed acquisition of HBH : ResMed, a manufacturer of cloud-connected sleep and respiratory care devices, has acquired South Korea-based home medical equipment provider HB Healthcare (HBH) for an undisclosed price. HBH provides sleep and respiratory care devices to reimbursed and cash-pay customers in South Korea. ResMed plans to reach millions more patients through the Korean […]
South Korea’s Hyundai Motor surprised the market on Thursday by posting its first quarterly net loss in at least eight years as its vehicle sales slumped in the key China market. Pascale Davies reports. Source: reuters
Industrial gas company Praxair revealed its plans to expand nitrogen capacity at its South Korean plant being constructed in Pyeongtaek in order to address growing demand of the gas at the semiconductor manufacturing complex of Samsung Electronics. The Pyeongtaek facility with an investment of around $600 million will comprise several hydrogen plants and air separation […]