[By NBC-1TV H. J Yook]Project Data Sphere, LLC (PDS), an independent not-for-profit initiative of the CEO Roundtable on Cancer’s Life Sciences Consortium (LSC), announced today the launch of a new data sharing platform (www.ProjectDataSphere.org), with the goal of advancing research to improve the lives of cancer patients and their families around the world. The CEO Roundtable on Cancer was established in 2001 with the mandate to bring bold and imaginative solutions to cancer care. “Globally, more than 8.2 million lives are lost to cancer every year. Making a difference demands a paradigm shif
[By NBC-1TV H. J Yook]With the advent of digital banking, where the bank sees 9 out of every 10 transactions in Korea happen outside a branch, and the long term low trend of lower profitability in the Korean Banking sector, Citibank Korea is updating its footprint in the market to better reflect changing consumer needs. As a result, Citibank Korea is transforming its distribution model to optimize its presence in Korea. Citi’s footprint in the country will be concentrated in 6 major cities including Seoul with a focus on high quality client segments and an enhanced digital experience, consiste
[By NBC-1TV H. J Yook]Sun Pharma and Ranbaxy today announced entering into definitive agreements for Sun Pharma to acquire 100% of Ranbaxy in an all-stock transaction. Under these agreements, Ranbaxy shareholders will receive 0.8 share of Sun Pharma for each share of Ranbaxy. This exchange ratio represents an implied value of Rs 457 for each Ranbaxy share. This combination creates the 5th largest specialty generics company in the world, and the largest pharma company in India. The combined entity will have operations in 65 countries, 47 manufacturing facilities across 5 continents, and a signi
[By NBC-1TV H. J Yook]TSYS (NYSE: TSS) announced today that its leading Vietnamese client, Vietnam Export Import Commercial Joint Stock Bank — Vietnam Eximbank, has begun to deploy fingerprint authentication technology for over-the-counter or ATM transactions. Vietnam Eximbank is one of the first banks in Vietnam to apply this technology that enables customers to make a transaction without having the physical card, ID, phone or card number present for identification, and uses only fingerprint verification when performing transactions at the counter or at the ATM. As a client of TSYS sinc
[By NBC-1TV H. J Yook]GT Advanced Technologies (Nasdaq:GTAT) today announced that it has received $58.6 million in orders this quarter for high temperature refractory metal furnaces that are used for a variety of industrial purposes. These orders will be reflected in Q2 reportable backlog and GT expects to recognize revenue from these orders during the second half of 2014. “Thermal Technologies, which was acquired by GT in 2013, developed the high temperature refractory furnace technology that will be deployed as part of these orders. It is expected that several other industrial products devel
[By NBC-1TV H. J Yook]VeriSilicon Holdings Co., Ltd. (VeriSilicon), a leading custom silicon solution and semiconductor IP provider, today announced the availability of High Efficiency Video Coding (HEVC) Main 10 Profile decoder in Hantro Video IP as well as the availability of AVS+ decoder IP to support HDTV and 3D TV services in China. HEVC Main 10 Profile is supported in Hantro G2 Multi-format Decoder IP. Hantro G2, which is the industry’s first IP to achieve 4K@60 fps with a single-core architecture, supporting both HEVC and VP9 video formats. Hantro G2 represents the 13th generation of Ha
[By NBC-1TV H. J Yook]A new study from global law firm Eversheds has revealed a significant increase in the number of large commercial disputes, and despite the fact that large corporates do not want to resort to litigation, the majority of conflicts are being resolved in court. According to the findings, whether a company wins or loses in court is determined by the calibre of the professionals involved in the case. The study, entitled Companies in Conflict: How Commercial Disputes are Won, was undertaken by Eversheds, together with academics at King’s College London and the University of Surr
[By NBC-1TV H. J Yook]Samsung Electronics Co., Ltd. today announced its earnings guidance for the first quarter, 2014. Consolidated sales : Approximately 53.0 trillion Korean won(Range: 51.0 - 55.0 trillion Korean won) Consolidated operating profit : Approximately 8.4 trillion Won(Range: 8.2 - 8.6 trillion Korean won) The above figures are consolidated earnings estimates based on K-IFRS ※ 2013 4Q and 2013 1Q consolidated figures based on K-IFRS are as follows: Disclosure regulations in South Korea do not allow earnings guidance to be provided as a range, therefore the official disclosure was m