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Thursday, September 18, 2025

KOREA

SK Biopharmaceuticals acquires majority share of U.S biotech firm

SK Biopharmaceuticals has acquired 60 percent of U.S. biotech company Proteovant Therapeutics for $47.5 million, the company said on Friday. Founded in 2020, Proteovant Therapeutics...

DP passes resolution on Fukushima water discharge

The liberal Democratic Party (DP) adopted a parliamentary resolution Friday calling on the government to file a complaint with the International Tribunal for the...

Korea’s tougher immigration investment requirement may target Chinese

The already frayed relations between Korea and China could escalate as the Justice Ministry’s plan to toughen the immigration investment program. The Justice Ministry on...

Flow of foreign workers welcomed by Korean firms

Small and medium-sized companies have thrown their support behind the government’s push to allow more foreign workers to Korea. “The increase in the quota for...

LG Electronics vows to become a leader in vehicle solutions

LG Electronics vowed to become an industry leader in the automotive solutions business by 2030. The company celebrated the 10th anniversary of its vehicle component...

Korea, Japan agree to revive $10 billion currency swap deal

Korea and Japan have agreed to revive a $10 billion currency swap line on Thursday after an eight-year hiatus. The swap agreement was signed during...

Yoon Suk Yeol names new unification minister

President Yoon Suk Yeol on Thursday conducted a wide-ranging reshuffling of ministers and vice ministers, including his unification minister, as he enters his second...

International student IDs can now be added to Samsung Wallet

Samsung Electronics announced Thursday that its smartphone users can now add their International Student Identity Card (ISIC) to their Samsung Wallet. The Samsung Wallet application...

Samsung targets 2-nano mobile chips production in 2025

Samsung Electronics will start manufacturing 2-nanometer mobile chips in 2025, according to a roadmap announced during a forum on Tuesday, aiming to start the...

Births and marriages in Korea hit April lows as declines continue

Korea suffered the steepest drop to date in the number of new births and marriages for an April, despite the month being widely favored...