LIG Nex1 Announces Completion of control-stake Acquisition of Ghost Robotics Corporation
Ghost Robotics, a leading innovator in legged robotics, and LIG Nex1, a premier South Korean defence technology company, announced the close of a strategic partnership through LIG Nex1’s control-stake acquisition of Ghost Robotics. LIG Nex1 has acquired a 60% control stake in Ghost Robotics for USD 240 million, valuing the company at $400 million. This partnership marks […]
Merck Signs MoU with KAIST to Further Scientific Partnership in South Korea
Merck, a leading science and technology company, has signed a non-binding Memorandum of Understanding (MoU) with the Korea Advanced Institute of Science and Technology (KAIST). The academia-industry cooperation aims to advance the research and development ecosystem in South Korea for industrial applications. “Our collaboration with KAIST is an important step towards accelerating the biotechnology ramp-up […]
HoneyNaps, an AI Sleep Technology Company, secures USD 11.6 million Series B investment
HoneyNaps, an industry-leading South Korean company in artificial intelligence (AI) sleep data analysis, announced on the 7th that it has closed its series B round of funding, securing $11.6 million. The series B funding is a successful achievement, nearly three times the $3.9 million raised through series A funding back in 2021. With the listing contract signed with Korea […]
APAC Banking Sector Performance in 2022-2023: Navigating Economic Headwinds
The Asia-Pacific (APAC) banking sector faced a dynamic landscape in 2022-2023, marked by economic headwinds and varying performance across emerging markets (EMs) and developed markets (DMs). Let’s delve into the key trends and outlook for APAC banks during this period. 1. Steady Outlook Despite Challenges Despite challenges stemming from weakening global demand, high inflation, and […]
Seegene selects Microsoft as technology partner
Seegene Inc., a leading South Korean company providing a total solution for PCR molecular diagnostics, announced its selection of Microsoft as a technology partner for its SG OneSystemTM business in London, UK, on January 23 to realize ‘a world free from all diseases.’ Seegene will collaborate with Microsoft to help propel the growth of its SG OneSystemTM business, an unprecedented […]
Codesteri launches Placlin-N for safe environments in the pandemic era
CodeSteri, a leading provider of disinfection solutions, is proud to announce the launch of PlaClin-M, a revolutionary device designed to help ensure a clean and safe environment in offices, commercial establishments, and public spaces. CodeSteri started from the Korean government project to combat new infectious diseases by the incumbent professor and MD of Hanyang University Emergency Medicine, Seoul. […]
Prospection partners Medical Data Vision accelerating healthcare analytics
Health analytics pioneer, Prospection has announced a unique global data access agreement with one of the leading Japanese medical data company Medical Data Vision to accelerate healthcare analytics globally. As per the source, the agreement will provide global pharmaceutical companies and researchers access to comprehensive and longitudinal data covering more than 40 million people in Japan at […]
ADA acquires SingPost Unit in APAC Expansion Drive
ADA has acquired the e-commerce arm of Singapore Post with the objective of fast-tracking its development drive in the Asia Pacific region. Currently, as per Industry sources, the firm operates across ten markets, that comprise Malaysia, Singapore, Indonesia, Thailand, the Philippines, Sri Lanka, Bangladesh, Cambodia, Vietnam, and South Korea. Srinivas Gattamneni, CEO of ADA, stated: […]
