Friday, July 31, 2026

CG MedTech’s Spine System Gets U.S. Debut in Texas Surgery

CG MedTech's INNOVERSE Spinal System gains FDA clearance and is successfully used in surgeries, marking a milestone for Korean medical devices.

U.S. 10-Year Treasury Yield Breaks Above 4.5%, Raising Pressure on Korea’s Stock Market

U.S. Treasury yields surpass 4.5%, raising concerns over South Korea's stock market amid inflation and geopolitical tensions.

South Korea-US Hold ‘Summit Fact Sheet Follow-up Consultation’… Discussing Methods for “North Korea Denuclearization” (Comprehensive)

U.S. and South Korea held consultations to coordinate North Korea policy, emphasizing joint commitments from their recent summit.

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LegoChem expands options beyond early ADC licensing into late-stage clinical development

LegoChem Biosciences secures funding to advance ADC therapies into late-stage trials, enhancing strategic flexibility in biotech.

Drug Development Is Inherently Unprofitable, Biotech Industry Warns as Delisting Reform Looms

South Korea's biotech sector faces stricter delisting rules, raising concerns over innovation and funding for drug development.

Why Anthropic Calls for a Global Pause on AI Development: The Risks of Recursive Self-Improvement

Anthropic calls for a global pause on advanced AI development to address risks of autonomous self-improvement amid competitive pressures.

NAVER to Invest Heavily in Creator Ecosystem as AI Search Competition Shifts to Data Quality

Naver will support creators of AI search content with 20 billion won annually to enhance AI search service competitiveness.

Seoul St. Mary’s Prof. Jang Ki-yuk Selected as Sole Applied Medicine Researcher in National Leader Program

Prof. Jang Ki-yuk of Seoul St. Mary's Hospital receives $5.2M for cardiovascular disease research, focusing on plaque regression.

Ulsan selected for “AI ship specialized platform” project…secures $140 million in government funding

Ulsan City secures $140M for an AI ship platform project, enhancing navigation and efficiency through software-driven technology.

Ulsan’s Groundbreaking Underwater Data Center: How It Plans to Slash Cooling Costs and Boost Efficiency

A South Korean city will host an underwater data center project, using seawater cooling, with $30M federal funding over five years.

South Korea Launches $36 Million Medical AI Testbed Program for Real-World Clinical Trials

South Korea launches a $36M initiative for medical AI testing, supporting SMEs and startups in real-world healthcare applications.

215 Doctors Under Investigation: How Loan Fraud in Hospital Startups Exploded to 130 Billion Won

Police investigate 215 doctors for fraud involving inflated bank balances to secure $975 million in loans for hospitals.

Inventage Lab Secures 985 Billion KRW: What This Means for Long-Lasting Injection Solutions

Inventage Lab secures 985 billion KRW to enhance its drug delivery platform, focusing on long-acting injectables for obesity and more.

New Hope for Solid Tumors? Korean Biotech Starts Phase 1 Trial of Targeted Drug

Digmbio secures 12 billion KRW for clinical trials of cancer drug DM5167 and advances treatment for degenerative brain diseases.

AI Optimization Just Got a 5X Upgrade—And a $4.5M Endorsement

TheStage AI secures $4.5M funding to enhance AI model optimization, aiming to reduce GPU reliance and improve performance significantly.

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