Quriant, a KOSDAQ-listed company, is accelerating the development of its dual payload antibody-drug conjugate (ADC) as a key growth driver. While the company is pursuing both clinical trials for existing drug candidates and the development of a new ADC platform, securing the necessary funding has become a significant hurdle. Initially, Quriant aimed to raise 140 billion won, but delays in the funding process have coincided with ongoing cash burn from research and development (R&D).According to t

The financial authorities have completed the redistribution of household loan total volume management targets for mutual finance sectors, including Saemaul Geumgo and credit unions. It is reported that these institutions, which faced penalties for exceeding last year's targets, have been granted some additional lending capacity.According to financial industry sources and Yonhap News on September 1, the Financial Supervisory Service notified the adjusted household loan total volume increase targe

여야는 1일 정부가 역대 최대인 820조 9000억원 규모의 내년도 예산안을 편성한 것에 대해 엇갈린 반응을 보였다. 더불어민주당은 "정부가 잠재성장률을 견인하면서 구조적 양극화 해소에 중점을 두고 있다"고 주장했고, 국민의힘은 "역대급 재정 폭주 고무줄 예산"이라고 비판했다. 민주당 정책위원회는 이날 보도자료를 내고 정부 예산안에 대해 "대한민국의 대전환·대도약, 국민의 희망을 위한 담대한 투자"라고 평가했다. 이어 이재명 정부 출범 이후 경제성장률이 증가세를 보이고 있다며 "내란정국 등으로 인한 경기침체와

Twenty young individuals selected for the "Blue House Youth Fellowship" reported for their first day of work at the Blue House on September 1. Over the next six months, they will collaborate with Blue House staff on youth-related projects, aiming to incorporate the perspectives and voices of young people into policy-making. According to the Blue House, Kang Hoon-sik, the Chief of Staff to the President, conducted an orientation for the young fellows that afternoon. In his opening remarks, Kan

Chipotle Mexican Grill, the American fast-casual brand, has opened its first store in Gangnam, Seoul, marking its first entry into Asia after 33 years since its inception in the U.S. The company plans to expand its presence in Korea with two more locations by the end of the year and aims to enter Singapore in the first half of next year.S&C Restaurant Holdings, the Korean operator of Chipotle, held a media briefing on September 1 at the Gangnam location, revealing its market strategy and future

South Korea and Japan have discussed cooperation on fostering and protecting advanced technologies such as artificial intelligence (AI), semiconductors, and quantum technology, as well as stabilizing supply chains for energy and critical minerals. The Blue House announced that the fifth Korea-Japan Economic Security Dialogue took place on September 1 in Tokyo. Kim Sung-yeol, the economic security secretary at the Blue House, represented South Korea, while Takeshi Souda, the Cabinet Secretaria

The Korea Fair Trade Commission (KFTC) has approved the merger of Lotte Rental with Texas Pacific Group (TPG), signaling an intensification of competition in South Korea's rental car market. With Lotte Rental and SK Rent-a-Car, both considered major players, moving away from their parent companies to embrace private equity ownership, analysts suggest that the competitive landscape is shifting from synergy among corporate affiliates to rivalry in the capital markets.According to industry sources,

Hana Bank has resumed accepting applications for mortgage loans and jeonse loans through loan agents. This move is seen as a response to financial authorities expanding the household loan growth target for banks, indicating a relaxation of lending regulations.According to the financial sector, Hana Bank began accepting applications for the November execution of mortgage and jeonse loans through loan agents starting today. This follows a ten-day suspension of such applications, which was halted o

The government has introduced a 'Domestic Production Tax Credit' (Korean-style IRA) as part of this year's tax reform plan, but the impact varies significantly across industries. While advanced manufacturing sectors like semiconductors and batteries anticipate profit improvements, the AI data center (AIDC) and finished car industries face mixed prospects depending on the scope of the reforms.According to government and industry sources, the semiconductor sector is expected to be the primary bene