Samsung Electronics executives who were put on trial for destroying evidence in connection with Samsung Biologics' alleged accounting fraud were sentenced to prison in the first trial.The Seoul Central District Court on Dec. 9 sentenced Lee, vice president of Samsung Electronics' finance tea

BRISBANE, Australia, Dec. 9, 2019 /PRNewswire/ -- Australian life sciences company, QBiotics Group Limited (QBiotics) is today announcing the publication[1] of positive results from first in-human Phase I clinical trial of its anticancer pharmaceutical, tigilanol tiglate (EBC-46) in EBioMedicine, a

ASHBURN, Va., Dec. 09, 2019 (GLOBE NEWSWIRE/KOREA IT TIMES) -- Telos® Identity Management Solutions, LLC (Telos ID), a leading provider of identity management and access solutions for the world’s most security-conscious organizations today announced that the City and County of San Francisco has cont

Kumho Tire laughed together during Tottenham Son Heung-min's "Wonder Goal." When Son scored a goal in the 16th round of the English Premier League (EPL) match against Burnley in the 2019-2020 season on Dec. 8, Kumho Tire was exposed on the billboard of Tottenham Hotspur Stadium. Son grabbed the

Celltrion conducted a clinical three-phase long-term tracking of Advanced Follicular Lymphoma (AFL) patients, a type of blood cancer, at the 2019 American Society of Hematology (ASH 2019) in Orlando, Florida, U.S. from Dec. 7 (local time).And it has found that Truxima, an antibody biosimilar for blo

Daewoo E&C announced on Dec. 9 that it succeeded in establishing a remote drone control system (DW-CDS) for the construction industry for the first time in Korea.Daewoo's DW-CDS (Daewoo Construction Drone Surveillance) is a video control platform, CDS.Live, developed by using 4G and 5G network a

The Sin-Kori Units 3 and 4 that first applied the model of the new Korean nuclear power plant called “APR1400” were completed 12 years after construction began.The Ministry of Trade, Industry and Energy and Korea Hydro & Nuclear Power (KHNP) announced on Dec. 8 that they held a comprehensive ceremon

Hanwha Systems made an announcement on Dec. 8 that the Committee on Foreign Investment in the United States (CFIUS) has finally approved its $25 million (30 billion won) investment in Overair(the existing K4 Aeronautics), an air taxi company.As a result, Overair will start developing the PAV (Person

KT's Global Epidemic Prevention Platform (GEPP) will be serviced in Kenya. Kenya is one of the main gates of the African continent, serving as Africa's hub country linking Europe, Asia and the Middle East.KT made an announcement on Dec. 8 that it held an event to launch “GEPP Kenya” at Vila

HONG KONG, Dec. 6, 2019 /PRNewswire/KOREA IT TIMES -- Global Cord Blood Corporation (NYSE: CO) (the "Company"), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing and stem cell storage services, today reported that China's National Healt

SANTA MONICA, Calif., Dec. 06, 2019 (GLOBE NEWSWIRE/KOREA IT TIMES) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT”, or the “Company”), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its

LG Chemicals is going to establish a joint venture with General Motors (GM), which is the top U.S. automaker, and construct a plant in Ohio.LG Chem made an announcement on the 6th (U.S. time) that it signed a contract with GM CEO Mary Barra and LG Chem CEO Shin Hak-chul at GM Global Tech Center in M

There is a possibility that we are beginning an era when the use of artificial intelligence (AI) by SMEs might soon start as a result of the Ministry of SMEs and Startups' discussions with two leading AI research centers during a recent trade mission in Europe. Minister of SMEs and Startups, Par

SEOUL, South Korea, Dec. 5, 2019 /PRNewswire/KOREA IT TIMES -- Thirteenth Floor, a premium VR content producer and distributor, announced that they have signed a VR Game Supply Agreement with Ctrl V, the biggest VR arcade in North America. STUMPER, the VR rhythm action game Thirteenth Floor has deve

BELLEVUE, Wash., Dec. 05, 2019 (GLOBE NEWSWIRE/KOREA IT TIMES) -- Cloud-Native is a design philosophy involving developing and running applications that utilize the benefits of the cloud computing delivery model for applications existing in public or private on-premises cloud networks. To highlight

SK Innovation held a completion ceremony for BEST, a battery cell plant built in Changzhou City, Jiangsu Province, China, in a joint venture with Beijing Automotive Industry Corp.The BEST plant has been constructed on a site of about 50,000 pyeong (168,000 square meters) with the scale of 7.5 GWh, w

Coupang said on Dec. 5 that it has scouted Alberto Fornaro as its new chief financial officer (CEO).CFO Fornaro has been active in global companies in Europe, South Korea and the United States as a corporate financial management expert for 25 years.Before joining Coupang, he served as CFO and EVP of

KAI made an announcement on Dec. 5 that it has successfully completed the initial flight test of a small-sized light civil helicopter (LCH) in Korea at its headquarters in Sacheon, South Gyeongsang Province.After takeoff, the LCH demonstrated flight safety by operating for about 20 minutes, includin

The court ruled in favor of the Fair Trade Commission (FTC) in a legal battle between the FTC and Qualcomm over 1 trillion won in fines.The Seoul High Court held a ruling on the cancellation of the lawsuit, including a correction order issued by Qualcomm's headquarters, Qualcomm Technology Inc.

Hyundai Motor said on Dec. 4 that it will inject more than 61 trillion won by 2025 in a bid to transform itself into a smart mobility solution company.It also presented its goal of increasing its operating profit ratio in the auto business to 8 percent, while expanding its global market share to 5 p