SEOUL, South Korea, Sept. 27, 2021 /PRNewswire/ -- Immunoforge (Co-CEOs Sung-min Ahn, Kiho Chang), a company specializing in developing new drugs for rare musculoskeletal diseases, has reported that their new drug candidate PF1801 has received Orphan Drug Designation (ODD) from the U.S. FDA for the treatment of Polymyositis. The FDA designates solutions for rare incurable diseases or life-threatening diseases as Orphan Drugs. With this Orphan Drug Designation, Immunoforge will receive various

For South Koreans who were children in the 1970s and 1980s, the phrase “squid game” is likely to evoke a mix of thrills and nostalgia. The tag game on a squid-shaped board drawn in the dirt was fairly tough to play -- sometimes brutal to the point of causing injury -- but it remained hugely popular, as making it to the final goal area after physically clashing with those on the defense was nothing if not exhilarating. Hwang Dong-hyuk, the director of “Squid Game,” is no

LG Uplus Corp., a major South Korean mobile carrier, said Sunday it will offer Disney+ through its internet protocol television (IPTV) platform as the flagship streaming service from US media giant Walt Disney Co. is set to launch in the country in November. The carrier said it has signed a deal with Walt Disney Company Korea so that Disney+ will be accessible from its U+tv platform, strengthening competitiveness against rivals KT Corp. and SK Telecom Co. LG Uplus already bundles Netflix with it

The funding will help the company boost its product fleet through technological upgrades, expanding its global operation networks, optimizing its supply chain management and corporate structure as well as talent. SHENZHEN, China, Sept. 22, 2021 /PRNewswire/ -- HAI ROBOTICS, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics (ACR) system, announced that it has secured two new continuous rounds of financing, garnering US$2

Disney+, the US entertainment giant’s streaming service, is expected to land in Korea via LG U+ first, the smallest of the country’s three IPTV providers. Then, it may team up with KT, the largest of the three, to further expand its reach. Earlier, Disney officially announced the Nov. 12 launch of Disney+, with a monthly subscription fee of 9,900 won ($8.40). It, however, did not disclose who its local partner is, fanning market speculation that the two Korean telecommunications

For die-hard South Korean fans of “The Simpsons,” Marvel and “Star Wars” franchises, the planned launch of Disney+ on Nov. 12 is a long-awaited day for celebration -- and binge-watching. Netflix and other streaming services currently available in Korea do not offer the much-coveted video library of the Walt Disney Co., so the introduction of another video service is a welcome development for viewers. The launch of Disney+ also signals a fresh round of competition in

South Korea's key stock index tumbled more than 1.5 percent Thursday amid virus concerns and uncertainties from the expiration of options and futures. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) dipped 48.29 points, or 1.53 percent, to close at 3,114.7 points. Trading volume was moderate at about 910 million shares worth some 17.3 trillion won ($14.8 billion), with losers outnumbering gainers 655 to 214. Foreigners sold a net 318 billio

  After years of courtship by mobile carriers, Disney+, another US-based content giant, is to arrive in South Korea in November, raising expectations of a new phase of growth for the local streaming market after Netflix’s entry years ago.  The Walt Disney Co. Korea announced Wednesday its mobile content streaming app would be available here from Nov. 12, promising a wide-ranging library of content.  Content available for streaming will include that produced by Disney, Pix

The top three mobile apps in South Korea -- KakaoTalk, YouTube and Naver -- attracted over 40 million users each in June this year, accounting for the bulk of the country’s population of 52 million, according to data compiled by research firm Mobileindex Insight. The list of popular apps also includes Chrome, a web browser from global search engine Google, Korea’s top online retailer Coupang and popular photo-based social media Instagram, a unit of Facebook. The common thread conn

South Korea’s own app market operator ONE Store said Monday it will go global in 2022 and challenge the dual hegemony of Google and Apple by charging commissions up to one-third cheaper. During an online press conference, CEO Lee Jae-hwan announced that the firm has teamed up with Blizzard, Microsoft and Tencent to expand beyond the Korean market and launch a global version of the ONE Store in 2022. “Due to the recent monopoly issue in the app market, ONE Store is getting incre

South Korean stocks turned to losses late Friday morning as concerns about the possibility of US Fed's earlier-than-expected tapering pulled down stock prices. The benchmark Korea Composite Stock Price Index (Kospi) retreated 20.52 points, or 0.66 percent, to 3,077.31 points as of 11:20 a.m. Stocks opened with mild gains after the Kospi retreated nearly 2 percent Thursday, marking the biggest daily loss since Feb. 26 and the lowest closing price since early April. But stocks fell back below t

400MW/1,600MWh supplied by LG Energy Solution to Vistra's Moss Landing Energy Storage Facility, recognized at facility's Media Day event Simplified TR1300 installation saved construction time and costs while maximizing safety and energy density SEOUL, South Korea, Aug. 20, 2021 /PRNewswire/ -- LG Energy Solution, South Korea's leading manufacturer of advanced lithium-ion batteries, and Vistra Corp. celebrated the completion of the 400MW/1.6GWh Vistra Moss Landing Energy Storage Facility

South Korea’s mobile carriers are adjusting their business strategy to expand their non-telecom businesses in a bid to take a share in the growing demand for digital content delivered via both mobile and fixed-line networks. SK Telecom, KT and LG U+ each witnessed an increase in the share of non-telecom business in their total revenue in the April-June period this year, as more people stayed home and spent time watching video on IPTV and mobile platforms. Top executives of the three ma

South Korean stocks retreated for an eighth straight session Tuesday as disappointing Chinese economic data raised concerns about a slowdown in global economic recovery. The Korean Won fell against the US dollar. The benchmark Korea Composite Stock Price Index (Kospi) slumped 28.2 points, or 0.89 percent, to close at 3,143.09 points. Trading volume was high at about 680 million shares worth some 21.9 trillion won ($18.6 billion), with losers outnumbering gainers 786 to 117. Foreigners sold a

South Korean stocks opened a tad higher Tuesday as tech large caps showed signs of a rebound from their weeklong plunge, in addition to strong advances by financial stocks. The benchmark Korea Composite Stock Price Index (KOSPI) rose 1.63 points, or 0.05 percent, to 3,172.92 points in the first 15 minutes of trading. The key stock index opened with mild gains as the country's two largest chipmakers rose after tumbling on pessimism about a future price fall of DRAMs. Gains by financial and ban