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AI-generated summary
Korean bio and healthcare companies are entering overseas markets and conducting clinical trials to develop new drugs. Lunit supplies AI medical image analysis solutions to Saudi Arabia, and Rokit Healthcare announced a large investment in an AI organ regeneration project. Vivozon Pharmaceuticals began clinical trials for non-narcotic analgesics in the U.S., and HLB Pep received approval for finished drugs applied as raw materials in Mexico.
Lunit [328130] supplies artificial intelligence (AI) video analysis solutions to the Saudi Arabian government.
Rocket Healthcare [376900] announced that it will begin its AI long-term regeneration project in earnest through an investment of over 60 billion won.
Lunit announced on the 10th that it will supply the chest The supply is made through a subsidiary of Saudi Telecom Group, a Saudi Arabian telecommunications company. This company serves as the system integrator, and Lunit supplies AI solution licenses.
Rokit Healthcare announced on the 10th that it will invest 65.4 billion won by 2028 in six projects, including skin regeneration, cartilage regeneration, kidney regeneration, hair regeneration, AI prediction, and reverse aging. Specific areas of investment include clinical development of kidney regeneration, clinical trials of cartilage regeneration, and expansion of commercialization of skin regeneration. The company plans to build an integrated medical platform that leads to ‘AI prediction-prevention-regeneration’ through investment.
Vivozon Pharmaceuticals announced on the 10th that its affiliate Vivozon has begun administering the first patient in the U.S. phase 1b clinical trial of 'VVZ-2471', an oral non-narcotic analgesic candidate. The purpose of the clinical trial is to evaluate the safety and tolerability of repeated medication in patients with opioid use disorder. Opioid refers to opiate painkillers. Vivozon announced that it has completed phase 2 clinical trials in Korea for post-herpetic neuralgia and is analyzing the data.
HLB Pep [196300] announced on the 10th that the domestic finished drug produced by supplying leuprorelin acetate raw drug product received product approval from Mexican authorities. This is the first time that a finished drug using HLB Pep's raw drug substance has been approved by overseas regulatory authorities. Leuprorelin is a peptide hormone used in the treatment of prostate cancer.
AI outlook — possibilities, not facts
Lunit's supply of AI solutions to Saudi Arabia is likely to lead to additional contracts in the Middle East.
Possible · Within months
Depending on the results of non-preservative US phase 1b clinical trials, a decision will be made on whether to proceed to subsequent clinical stages.
Possible · Within months

Lee Jae-seop, founder and honorary chairman of Joil Aluminum, a major domestic aluminum rolling company, passed away at the age of 86 on the 10th. In addition to corporate management, the deceased has been working hard on social contribution activities such as free contributions to the Employee Stock Ownership Association, donation of COVID-19 funds, and scholarship projects.

China has surpassed $1 trillion in annual trade surplus for two consecutive years thanks to record-breaking exports despite sluggish domestic demand, but is under pressure from trade conflicts ahead of the APEC summit due to the deepening trade imbalance with the US and EU.

NVIDIA CEO Jensen Huang was implicated in an affair scandal with a woman suspected of being a Chinese spy, putting him on the political and business chopping block. This scandal caused Nvidia's stock price to plummet and a class action lawsuit was filed by shareholders.

The Korea Securities Society and the Korea Society of Finance held a joint symposium on 'Analysis of stock market volatility factors and management measures' at the Korea Growth Finance Auditorium in Yeouido. Experts diagnosed that the semiconductor concentration structure, supply and demand conflict, and exchange rate factors increased KOSPI volatility.

Dongwon Industries announced on the 10th that its consolidated operating profit in the third quarter of this year was 149.7 billion won, an increase of 1.1% compared to the same period last year. Sales increased by 6.6% to KRW 2.756 trillion, and the performance was driven by the expansion of exports of B2B business.

Krafton Inc. reported a 35.5% drop in operating profit for the July-September period despite an 11.6% rise in sales, citing increased investments and fewer IP collaborations.