Samsung Group , the South Korean company whose businesses range from electronics to ship-building, will partner with Quintiles Transnational Corp. to make biologic drugs as it seeks new businesses to drive growth.
Creditors of Samsung Motors Inc., which collapsed a decade ago, are closer to getting the money they say they’re owed after Samsung Life Insurance Co. completed South Korea’s biggest initial public offering.
Samsung Group denied a Korea Economic Daily report it’s reconsidering its solar cell business. Kevin Cho, a Samsung spokesman, made the comment by phone today. The newspaper earlier reported the group will reconsider the business after no visible progress was made in more than two years.
With North Korea escalating its threats to test a ballistic missile, South Korean President Park Geun Hye was conferring with Bill Gates on another pressing matter. Seated across from Microsoft Corp.’s billionaire co- founder on April 22 at a formal dining table in the Blue House, her official residence, Park picked the tech mogul’s brain about how to nurture entrepreneurs to keep the world’s 15th-largest economy humming.
Samsung Biologics Co. agreed to set up a $300 million venture with Biogen Idec Inc. to develop and sell biomedical products as South Korea’s largest business group seeks to boost its health-care operations.
About an hour south of Seoul, bulldozers are demolishing the last vacant factories at Samsung Electronics Co.’s Suwon campus, erasing signs that South Korea’s most valuable public company once made its headquarters in a smoke-fuming industrial complex.