Author: Seoul Reporter

Lee Sang-hoon, CEO of ABL Bio (BusinessKorea DB) ABL Bio introduced on Nov. 12 that it has signed a “Grabody-B” platform expertise switch and joint analysis and growth settlement with Eli Lilly value as much as $2.562 billion (roughly 3.7487 trillion gained). The take care of Eli Lilly is one other main contract for ABL Bio, following its 4.1 trillion gained take care of world pharmaceutical firm GlaxoSmithKline (GSK) in April. Underneath the newest settlement, ABL Bio is ready to obtain an upfront fee of $40 million (roughly 58.5 billion gained). As well as, the corporate is eligible…

A view of LG Power Resolution’s Holland plant in Michigan, USA (Picture supplied by LG Power Resolution) LG Power Resolution introduced on Nov. 12 that it has signed a strategic partnership for creating aerospace battery cells with U.S.-based South 8 Applied sciences. South 8 is a U.S. startup that developed the world’s first liquified fuel electrolyte for lithium-ion batteries. This know-how was chosen as one among TIME journal’s “200 Greatest Innovations of 2024” final yr. South 8’s liquified fuel electrolyte has a a lot decrease freezing level in comparison with typical liquid electrolytes which have issue…

A Turkish army cargo airplane crashed in neighboring Georgia Tuesday, killing all 20 servicemen aboard, Turkish authorities mentioned Wednesday, launching an investigation into the incident.The C-130 plane crashed shortly after crossing into Georgia, coming back from Ganja, Azerbaijan, to Turkey, the Turkish Protection Ministry mentioned in an announcement Tuesday. Search efforts coordinated between Turkey, Azerbaijan and Georgia started instantly, officers mentioned. Nineteen our bodies have been recovered and one stays lacking, based on Turkish President Recep Tayyip Erdogan, Turkey state-run information company Anadolu reported.

The Financial institution of Korea has launched an evaluation report stating that zombie corporations hinder Korea’s financial progress. (Captured from SED TV) An evaluation by the Financial institution of Korea has revealed that the structural progress slowdown of the Korean financial system because the Nineties stems from insufficient exit of bancrupt corporations. The evaluation factors out that marginal corporations that weren’t liquidated in time have been eroding the funding capability and progress potential of the general financial system. In a problem word titled “Why Has Our Development Structurally Declined After Financial Crises?” launched on Nov.…

PHILADELPHIA — The U.S. Mint in Philadelphia is about to strike its final circulating penny on Wednesday because the president has canceled the 1-cent coin.President Donald Trump has ordered its demise as prices climb to almost 4 cents per penny and the 1-cent valuation turns into considerably out of date.The U.S. Mint has been making pennies in Philadelphia, the nation’s birthplace, since 1793, a 12 months after Congress handed the Coinage Act. Right this moment, there are billions of them in circulation, however they’re not often important for monetary transactions within the trendy economic system or the digital age.“For much…

Keena Grigsby, newly appointed vice chairman and chief advertising and marketing officer (CMO) of the smartphone (MX) division at Samsung Electronics America (Captured from Keena Grigsby’s social media account) Samsung Electronics has recruited a neighborhood advertising and marketing knowledgeable with 20 years of expertise to strengthen its North American smartphone enterprise. This transfer goals to slim the market share hole in North America, which is the house turf of main competitor Apple. Following Chairman Lee Jae-yong’s emphasis on the significance of recruiting prime expertise earlier this yr, the corporate is exhibiting a development of accelerating exterior expertise recruitment throughout…

Treasury inventory developments (Captured from the Korea Capital Market Institute web site) Six out of 10 listed corporations oppose the obligatory treasury inventory retirement coverage, a survey carried out by the Korea Chamber of Commerce and Trade exhibits. As these corporations additionally expressed intentions to cut back the dimensions of future treasury inventory acquisitions if retirement turns into obligatory, criticism is raised that inventory market stimulus results would truly decline. The KCCI introduced on Nov. 12 that based on a survey carried out on 104 listed corporations holding over 10% treasury shares, 62.5% of responding corporations had…

NEW DELHI — In 2020, after Indian and Chinese language troopers brawled with stones and spiked rods within the skinny Himalayan air alongside their international locations’ contested border, nationalist fury gripped India.Folks smashed Chinese language televisions and torched effigies of Chinese language chief Xi Jinping. The Indian authorities banned dozens of Chinese language apps and vowed it could not mend ties with its geopolitical rival till border points have been resolved.

When Kang Younger-hee, 58, arrived at cosmetics testing agency H in September, her voice already carried fatigue. She had come to take part in a scientific trial for a brand new serum, one thing she has executed for 10 years as a “pores and skin part-timer,” however was turned away.“They mentioned the redness on my face disqualifies me. I suppose I’ve to get therapy and check out once more,” she mentioned. The stipend for the check was 20,000 received ($15), but she booked a dermatology appointment costing greater than that as she left the constructing.Why persist via rejection and further…

Prime Minister Kim Min-seok of South Korea. (Yonhap) The Korean authorities has arrange a process pressure on “authorities innovation for constitutional integrity” to analyze whether or not public servants aided and abetted final December’s short-lived martial regulation declaration. The aim is to instill self-discipline within the civil service by penalizing people who have been complicit in makes an attempt to mobilize the navy to destroy the constitutional order. The duty pressure’s creation elicited a pointy protest from the opposition social gathering, which characterizes it as “political retribution.”“Public servants who took half within the rebellion are being advisable for promotions, prompting…