Lotte Bio to launch new cancer therapy platform

SEOUL, January 17 (AJP) - Lotte Biologics has announced plans to launch its advanced "Soluflex Link" technology, a next-generation platform for antibody-drug conjugates (ADCs), during the JP Morgan Healthcare Conference on Thursday. ADCs are innovative cancer treatments that combine antibodies, which target cancer cells, with powerful drugs designed to kill them. "Soluflex Link addresses stability issues commonly seen in ADC therapies and is compatible with vario

January 17, 2025

Will KOSPI surge under Trump as it did in his first term?

SEOUL, January 17 (AJP) - South Korea’s stock market is entering a phase of renewed uncertainty as the prospect of a second Donald Trump administration raises concerns among investors, despite a history of gains during his first term. The benchmark KOSPI index surged more than 50 percent during Trump’s presidency from 2017 to 2021, climbing from 2,072.79 to 3,114.55, according to the Korea Exchange. However, the period was not without volatility - most notably a 17.28 pe

January 17, 2025

PHOTOS: Wild animals thrive in Korea's icy winter

SEOUL, January 17 (AJP) - Wild animals in South Korea show off vivacious lives, despite the country's icy winter.

January 17, 2025

Investigators seek to extend Yoon's detention

SEOUL, January 17 (AJP) - The Corruption Investigation Office for High-Ranking Officials (CIO) filed for a fresh warrant with the Seoul Western District Court on Friday to extend President Yoon Suk Yeol's detention, as his 48-hour detention period expires this evening. The move, which would allow the CIO to detain him for up to 20 days, comes after a court's rejection the previous day of Yoon's request for an injunction disputing the legality of his arrest warrant over h

January 17, 2025

Korea's largest cryptocurrency exchange may face suspension for alleged breach of ID rules

SEOUL, January 17 (AJP) - South Korea's financial regulators have issued a preliminary notice to UPbit, the nation’s largest cryptocurrency exchange, warning of a possible three-month suspension for alleged violations of customer identification rules, according to industry sources on Friday. The Financial Intelligence Unit (FIU) claimed UPbit failed to fully comply with requirements for the protection of customer identification, critical measures designed to curb illicit a

January 17, 2025

KHNP settles dispute with Westinghouse, paving way for nuclear cooperation

SEOUL, January 17 (AJP) - Korea Hydro & Nuclear Power (KHNP), the country's largest nuclear power operator, and Westinghouse Electric of the United States have reached an agreement to settle a two-year intellectual property dispute, potentially paving the way for expanded collaboration in the global nuclear energy market. The settlement, which also involves Korea Electric Power Corp. (KEPCO) and Cameco, a Canadian nuclear fuel company and Westinghouse shareholder, resolves a

January 17, 2025

Constitutional Court holds second hearing in impeachment trial with Yoon's absence

SEOUL, January 16 (AJP) - The Constitutional Court of Korea held the second hearing of President Yoon Suk Yeol's impeachment trial in Seoul on Thursday, after rejecting his earlier request to reschedule it. After the first hearing ended in just a few minutes earlier this week, Thursday's hearing proceeded with Yoon's absence once again. A court spokesperson told reporters, "After thorough discussion, the panel of justices unanimously decided to reject Yoon's

January 16, 2025

Korea moving to impose provisional tariff on Chinese stainless steel plates

SEOUL, January 16 (AJP) - The Korea Trade Commission (KTC) has proposed a provisional anti-dumping tariff of 21.62 percent on stainless steel plates imported from China, citing significant damage to domestic industries caused by low-cost Chinese imports. The decision, announced by the KTC under the Ministry of Trade, Industry and Energy on Thursday, comes in response to a formal complaint filed in June 2024 by South Korean steelmaker DKC. The company accused Chinese manufacturers of

January 16, 2025

PHOTOS: Snow transforms Korea into winter wonderland

SEOUL, January 16 (AJP) - A blanket of snow transformed Korea's southwestern region into a winter wonderland after heavy snowfall across South Jeolla Province last week.

January 16, 2025

Samsung Electronics, crown jewel of Korean economy, fights to stay ahead in chips, smartphones

Editor's Note: This article is the third installment in our series on Asia's top 100 companies, exploring the strategies, challenges, and innovations driving the region's most influential corporations. SEOUL, January 16 (AJP) - As Samsung Electronics, South Korea’s largest company and a bellwether of the nation’s economy, faces intensifying competition in AI chips and geopolitical uncertainties, it stands at a pivotal moment. How it responds in the comin

January 16, 2025