Lee Eun-joo

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Articles

ABL Bio announces massive platform license deal with GSK

2 weeks ago | pulse.mk.co.kr | Kim Jee-Hee |Kim Jee-hee |Lee Eun-joo

South Korean bio venture ABL Bio Inc. has landed a licensing agreement worth over 4 trillion won ($2.7 billion) with GSK Plc, allowing GSK to develop novel medicines for neurodegenerative diseases by using ABL Bio’s blood-brain barrier (BBB) shuttle platform, Grabody-B. This is ABL Bio’s first export of a platform technology rather than a specific drug candidate, raising expectations for faster commercialization of the platform moving forward.
Nexon to become first game company to surpass $2.7 bn in 2024 sales

Jan 16, 2025 | pulse.mk.co.kr | Jeong Ho-jun |Lee Eun-joo

Nexon Co. and Krafton Inc., South Korea’s two dominant game companies, are projected to achieve record-breaking sales for 2024. Despite the overall industry downturn during that year, both companies strengthened their leading positions thanks to the success of their flagship intellectual properties and overseas performance. According to multiple sources from the game industry and FnGuide Inc.
Kakao alumni expand presence in Korea’s startup scene

Jan 9, 2025 | pulse.mk.co.kr | Jeong Ho-jun |Lee Eun-joo

South Korean platform giant Kakao Corp. is regaining prominence as an accelerator of startups. The entrepreneurial mindset fostered under Kim Beom-su, who founded the tech giant, is said to be reigniting, fueled by the recent surge in artificial intelligence (AI). According to multiple sources from the information technology (IT) industry on Thursday, AI startup Open Research recently launched the beta version of its AI search service, oo.ai.
Korea launches AI Strategy High-Level Consultative Council

Nov 20, 2024 | pulse.mk.co.kr | Lee Dong-in |Jeong Ho-jun |Lee Eun-joo

The South Korean government launched its AI Strategy High-Level Consultative Council, a government-civilian panel for artificial intelligence (AI) governance, on Thursday. Hopes are high that the move will help raise the country’s AI competitiveness from its current position of 6th in the world to third after the United States and China.
Game companies aiming for global market gather in Busan

Nov 15, 2024 | pulse.mk.co.kr | Jeong Ho-jun |Lee Eun-joo

G-STAR 2024, South Korea’s largest gaming exhibition, kicked off on Thursday at the Busan Exhibition & Convention Center in the southern port city of Busan. With a record-breaking 1,375 participating companies, the 2024 edition is the biggest yet. At G-STAR’s main exhibit hall, BEXCO Exhibition Hall 1, main sponsor Nexon Corp.
Nexon, Krafton post strong Q3 results

Nov 12, 2024 | pulse.mk.co.kr | Jeong Ho-jun |Lee Eun-joo

South Korea’s gaming industry, once dominated by three major players - Nexon Corp., Netmarble Corp., and NCSoft Corp. - is rapidly shifting to a dual structure led by Nexon and Krafton.
Alteogen CEO expresses confidence in ALT-B4’s competitiveness

Nov 10, 2024 | pulse.mk.co.kr | Yang Yeon-ho |Lee Eun-joo

Developing subcutaneous (SC) versions of antibody-drug conjugates (ADCs) will be a game-changing trigger in the highly competitive global landscape of ADC development, according to Alteogen Inc. Chief Executive Officer Park Soon-jae. “In the ADC field, only the first-in-class and best-in-class can ultimately survive,” Park said in a recent interview with Maeil Business Newspaper.
Nexon to launch 12 new games from 2025 onwards

Oct 30, 2024 | pulse.mk.co.kr | Jeong Ho-jun |Lee Eun-joo

South Korea’s Nexon Co., which celebrates its 30th anniversary in December 2024, is expected to expand its overseas presence with hit games such as “MapleStory” and develop new intellectual properties (IPs) as the company aims to become a global gaming powerhouse. It also began development on a sequel to “Nexus: The Kingdom of the Winds,” its first-ever title and one of Korea’s earliest online games. Nexon aims to achieve 7 trillion won ($5.1 billion) in annual revenue by 2027.
YouTube extends maximum length of Shorts content to 3 minutes

Oct 13, 2024 | pulse.mk.co.kr | Jeong Ho-jun |Lee Eun-joo

YouTube’s short-form service, Shorts, will extend its maximum length to 3 minutes, with the company’s position in the South Korean video platform competition expected to get a boost as short-form content apps gain popularity in the country. According to YouTube Korea’s blog on Sunday, the maximum duration for Shorts will increase from 1 minute to 3 minutes starting on Tuesday.
Naver focuses on expanding short-form content

Oct 3, 2024 | pulse.mk.co.kr | Hwang Soon-min |Lee Eun-joo

South Korean platform giant Naver Corp. will expand revenue-sharing for creators who upload short-form videos starting in 2025, a move aimed at growing its creator ecosystem in a market dominated by big tech companies. The company announced on Thursday that its Clip Incentive Program, currently in beta service, will be officially launched and expanded to all Clip creators that year.