Ministry of Food and Drug Safety
Scope
Date
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Artificial intelligence
LG unveils AI ethics principles focusing on respect to humans
LG Group announced on Wednesday artificial intelligence ethics principles focusing on respect for humans that employees in the sector must follow as...
Aug 25, 2022 (Gmt+09:00)
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Bio & Pharma
Korean bio firms look to pills, patches for people who fear needles
Getting shots of a drug or vaccine over a long period is not easy for many people.That's probably why global biopharmaceutical companies and biotech...
Aug 24, 2022 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare logs record-high Q2 revenue on back of Remsima
Celltrion Healthcare Co., South Korean biopharmaceutical giant Celltrion Inc.’s global marketing affiliate, posted its record-high second-quar...
Aug 17, 2022 (Gmt+09:00)
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Food & Beverage
Kurly enters Singapore grocery market, targeting SE Asia
South Korea’s Kurly Inc., the operator of grocery delivery service Market Kurly, made inroads into Singapore with an aim to expand its busines...
Aug 11, 2022 (Gmt+09:00)
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Bio & Pharma
TiumBio inks licensing deal with China's Hansoh for endometriosis drug
South Korean biotech TiumBio Co. has signed a technology transfer agreement of its endometriosis and uterine myoma treatment candidate with China&rs...
Aug 10, 2022 (Gmt+09:00)
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Earnings
CJ CheilJedang posts record-high operating profit in Q2
South Korean food giant CJ CheilJedang Corp. logged record-high quarterly operating profit in the second quarter of 2022 amid the growing popularity...
Aug 09, 2022 (Gmt+09:00)
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Food & Beverage
Samyang Foods' Hot Chicken Flavor Ramen sales surpass 4 bn
Samyang Foods Co. announced Monday it has sold more than 4 billion packets of its uber-popular Hot Chicken Flavor Ramen, or buldak-bokkeum-myeon, to...
Aug 02, 2022 (Gmt+09:00)
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Healthcare
Daesang Life, China’s Sinopharm to launch health foods joint venture
Daesang Life Science Corp., a South Korean health foods maker, has signed an initial agreement with China’s Sinopharm International to launch ...
Jul 27, 2022 (Gmt+09:00)
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Food & Beverage
Shinsegae to launch wholly owned US subsidiary on alternative meat
Shinsegae Food Inc. announced Thursday it will launch its US subsidiary focused on alternative meat. The food arm of Shinsegae Inc. will inject...
Jul 22, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharmaceuticals signs epilepsy drug deal with Brazil’s Eurofarma
South Korea’s SK Biopharmaceuticals Co. has signed a deal to license out its technology for Cenobamate, an antiepileptic drug, to Brazil&rsquo...
Jul 15, 2022 (Gmt+09:00)
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Korean food
CJ CheilJedang to rev up Korean food sales in Europe
South Korean food giant CJ CheilJedang Corp. is set to accelerate the expansion of its Korean food business in Europe. It aims to increase annual fo...
Jul 06, 2022 (Gmt+09:00)
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Bio & Pharma
Korean biotech firms fold COVID-19 therapeutics development businesses
A string of South Korean pharmaceutical and biotech companies are waving the white flag when it comes to developing COVID-19 treatments. As the...
Jul 04, 2022 (Gmt+09:00)
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Automobiles
LG Innotek unveils top-of-the-line in-cabin radar module
South Korea’s electronic parts maker LG Innotek unveiled an in-cabin radar module Tuesday, which it says is the most advanced version of such ...
Jun 29, 2022 (Gmt+09:00)
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Bio & Pharma
1 in 4 biotech firms struggles with decreasing cash reserves
South Korea’s biotechnology firms – public and private alike – are facing increasingly negative financial conditions. T...
Jun 26, 2022 (Gmt+09:00)
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Bio & Pharma
Pharma companies jump into $3 bn pet care market
South Korean pharmaceutical companies are jumping into the animal medicine and diagnostics market to target the rapidly growing pet care market, whi...
Jun 24, 2022 (Gmt+09:00)
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Food & Beverage
Food giants vie for biggest splice of vegan pie
Veganism, or the practice of abstaining from any animal or animal byproducts, is taking the food and beverage (F&B) industry by storm. Even...
Jun 03, 2022 (Gmt+09:00)
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Korean startups
Startup ministry taps 60 future unicorns for $240,000 assistance
The Ministry of SMEs and Startups announced Wednesday it has selected 60 promising startups to which it will provide financial assistance and expert...
Jun 02, 2022 (Gmt+09:00)
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Corporate investment
CJ to beef up content, K-food sector with $9.7 billion investment
South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ Cheiljedang Corp. and entertainment giant CJ E...
May 30, 2022 (Gmt+09:00)
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Bio & Pharma
LG Chem receives FDA nod for CUE-102 cancer treatment phase 1 trials
LG Chem Life Sciences, the biopharmaceutical unit of LG Chem Ltd., has received the US Food and Drug Administration’s approval for phase 1 cli...
May 13, 2022 (Gmt+09:00)
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Korean food
CJ steps up US exports with new instant rice bowls
South Korea's food and beverage giant CJ CheilJedang Corp. on April 21 began shipment of its new Hetbahn instant rice products for US consumers from...
Apr 21, 2022 (Gmt+09:00)
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Bio & Pharma
HK inno.N receives sales permit for ulcer treatment in China
HK inno.N is expediting its global expansion with its latest drug K-Cab designed to treat peptic ulcers.The South Korean pharmaceutical company an...
Apr 13, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. buys Korean food startup in bolt-on deal
Seoul-based private equity firm Hahn & Co. has acquired a South Korean meal kit provider for 75 billion won ($61 million), a deal expected to bo...
Apr 12, 2022 (Gmt+09:00)
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Bio & Pharma
Hanmi stands out with own drugs as Korean rivals sell imports
South Korea’s Hanmi Pharmaceutical Co. generated sales of more than 1 trillion won ($812.3 million) from its own medicines last year on strong...
Apr 11, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Philippines LCS Group buys Korea’s special purpose vessel maker
The Philippines’ LCS Group of Companies bought a South Korean special purpose vessel maker as it aims to supply defense products to the Southe...
Apr 05, 2022 (Gmt+09:00)
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Food & Beverage
Daesang’s first Korean kimchi plant in US up and running
South Korean food maker Daesang Corp. has completed the construction of a kimchi plant in the US, its first factory outside Asia, which the company ...
Mar 29, 2022 (Gmt+09:00)
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Corporate strategy
SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors
South Korea’s SK Chemicals plans to invest more than 2 trillion won ($1.6 billion) in eco-friendly material and biopharmaceutical businesses.T...
Mar 28, 2022 (Gmt+09:00)
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Corporate restructuring
Lotte Group’s confectionery and food shares jump 5% on merger news
Shares of both Lotte Confectionery and Lotte Food rose more than 5% Thursday on expectations of synergy effects from their upcoming merger. A d...
Mar 25, 2022 (Gmt+09:00)
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Corporate restructuring
Lotte Confectionery to merge with Lotte Food
Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...
Mar 24, 2022 (Gmt+09:00)
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Bio & Pharma
Korea Hanmi to launch blockbuster hypertension drug in China
South Korea’s Hanmi Pharmaceutical Co. is set to launch its blockbuster high blood pressure drug Amosartan in China, the world’s largest...
Mar 11, 2022 (Gmt+09:00)
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Food & Beverage
Lotte invests in Canada's edible insect food company
South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...
Mar 11, 2022 (Gmt+09:00)