Business
South Korea’s ‘seven princesses’ are taking over the sharemarket – Sydney Morning Herald
Many have marvelled at how Wall Street’s tech giants have soared during the pandemic. It is a more impressive story in South Korea.
Instead, the Koreans are beaming with national pride at the sophistication of their advanced medical supplies and technology, and the country’s success in controlling the pandemic. Two of the princesses, Samsung Biologics and Celltrion, play right into that sentiment.
Just as its sibling Samsung Electronics makes memory chips for Apple’s iPhone, Samsung Biologics seeks to leverage the conglomerate’s manufacturing prowess to make drugs and vaccines for Big Pharma. Earlier this month, the company…
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