South Korean biopharmaceutical firm Celltrion reported its strongest first-quarter results on record, as a wave of newly launched biosimilars accelerated overseas sales and pushed operating profit more than twofold higher. According to regulatory filings released Wednesday, the company logged consolidated revenue of 1.14 trillion won ($779.43 million) and operating profit of 321.9 billion won for the three months ended March 31, up 36 percent and 115.5 percent,

Korea University College of Medicine and the Ulsan National Institute of Science and Technology (UNIST) have been picked for the government's flagship program to nurture physician-scientists, marking a fresh push to close the gap between Korean medical research and global leaders such as Harvard-MIT and Stanford. The two institutions were selected as a new consortium under the 2026 K-MediST (Korea Medical Science & Technology) program, supervised by the

LG Chem, South Korea's largest chemical maker, reported a first-quarter operating loss of 49.7 billion won ($33.4 million), swinging from a profit a year earlier, as weakening demand across its core businesses and raw material cost volatility eroded margins. The company posted consolidated revenue of 12.25 trillion won for the January-March period, down 2.6 percent from a year ago, but up 6.2 percent from the preceding quarter, according to a regulatory f

LG Energy Solution reported its second consecutive quarterly operating loss in the first three months of 2026, hit by shrinking U.S. battery subsidies and weak electric vehicle demand. The nation's largest battery maker posted a consolidated operating loss of 207.8 billion won ($139.7 million) for the January to March period, reversing an operating profit of 374.7 billion won a year earlier, according to a regulatory filing on Thursday. Revenue slipped

Four of South Korea's leading pharmaceutical and biotechnology organizations signed a memorandum of understanding to consolidate their fragmented overseas-support programs under a single coordinated framework, dubbed the "K-Pharma Bio One Team." The Korea Pharmaceutical and Bio-Pharma Manufacturers Association (KPBMA), the Korea Health Industry Development Institute, the Korea Biotechnology Industry Organization and the Korea Trade-Investment Pr

Hanwha Solutions posted a sharp earnings recovery in the first quarter of 2026, with operating profit surging more than threefold as its solar and chemical units both returned to the black amid easing U.S. trade headwinds and internal restructuring efforts. The South Korean conglomerate reported Tuesday through regulatory filings consolidated revenue of 3.88 trillion won ($2.63 billion) for the January to March period, up 25.4 percent from a year earlier, whi

Samsung SDI reported an operating loss of 155.6 billion won ($105.5 million) for the first quarter of 2026, sharply narrowing its deficit from 434.1 billion won a year earlier. The South Korean battery maker disclosed Tuesday in a regulatory filing that revenue climbed 12.6 percent year-on-year to 3.576 trillion won, while net profit swung to a positive 56.1 billion won. The battery segment, which accounts for the bulk of revenue at 3.354 trillion won, cut

CJ CheilJedang is deepening its foothold in Vietnam's fast-growing processed food market through an expanded partnership with Bach Hoa Xanh, the country's largest supermarket chain. The company announced Monday it signed a memorandum of understanding with Bach Hoa Xanh, a subsidiary of Vietnam's largest retail group MWG, on April 23 in Hanoi to jointly develop processed food products, bolster cold-chain infrastructure and broaden consumer reach f

HD Hyundai Heavy Industries has signed a mega contract to supply power-generation equipment to U.S. energy solutions company Aperion Energy Group, the shipbuilder said on Wednesday. Under the contract, worth 627.1 billion Korean won (US$424 million), which is the largest of its kind the shipbuilder has ever signed, the equipment with a total capacity of 684 megawatts based on its HiMSEN engines will be installed at the Texas-based company's data center,