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Sales of Samsung Bioepis’ 3 biosimilars reach $200 million in Europe in Q1

South Korean drugmaker Samsung Bioepis Co. said Thursday that sales of its three biosimilar products posted a record high of $200 million in Europe during the first quarter. Combined sales of the three autoimmune biosimilars -- Benepali, Flixabi and Imraldi ... Read More

S. Korea to inject W1.25tr to help virus-hit shippers

South Korea said Thursday it will inject 1.25 trillion won ($1 billion) to help cash-strapped shipping firms hurt by the global new coronavirus pandemic, which has been disrupting business activities and trade of goods. "The shipping firms are expected to ... Read More

Tech startups squeezed by lower funds, jobs cut amid COVID-19 pandemic

If the impact of COVID-19 continues, four out of every 10 startups might fold up in the coming three months without remedial measures, a survey on tech startups showed April 22. According to US-based research firm Startup Genome’s survey on ... Read More

Korea-Indonesia currency swap extended by three years, worth 10.7 trillion won

The currency swap deal between South Korea and Indonesia has been extended for another three years.The Ministry of Strategy and Finance said yesterday that the Bank of Korea and Indonesia's central bank have extended the won/rupiah currency swap deal by ... Read More

Demand for tires and prospects for positive growth in the new car market

Indonesian car tire makers predict the domestic market will grow robustly this year.According to a local business Indonesia report on Monday, the market for new cars is expected to remain sluggish, while demand for replacement will be favorable.This year's tire ... Read More

Consumption drops rapidly upon coronavirus in South Korea Decline in consumption in 3 weeks of Feb.

With the vast spread of COD-19 across the nation, consumption rapidly dropped in February, particularly among offline businesses.According to data provided by the Korea Finance Ministry, lodges nationwide saw their revenue drop by 17.7 percent, 10.8 percent and 24.5 percent ... Read More

Korean economy tipped to grow below 2 pct on virus

SEOUL, Feb. 24 (Yonhap) -- Major foreign investment banks (IBs) and economic institutes have forecast South Korea's economic growth to be below 2 percent in 2020 due to the fallout of the fast-spreading novel coronavirus. According to a recent survey ... Read More

Korea’s exports show signs of improvement, but will new coronavirus hamper upturn?

While South Korea’s exports failed to rebound from a minus figure in January, the daily average exports showed an upturn for the first time in 14 months, raising hopes for an overall recovery. The government has forecast the exports to ... Read More