South Korean pharmaceutical firm Celltrion said on Tuesday that in an attempt to offset the risk of U.S. tariffs it had become the preferred bidder to acquire a U.S. manufacturing factory from an unnamed global pharmaceutical company.

The new plan aims to significantly reduce the financial burden on families. Read more at straitstimes.com. Read more at straitstimes.com.

Asian skin care has been a booming global business for a more than a decade, with consumers in Europe, North and South America, and increasingly the Middle East, snapping up creams, serums and balms from South Korea,

South Korean Finance Minister Koo Yun-cheol said on Tuesday he would try to derive a mutually beneficial trade agreement with the United States, in comments ahead of his departure to Washington to meet U.

South Korea, facing 25% tariffs, is rushing to reach a trade deal with Washington, with National Security Adviser Wi Sung-lac visiting the U.S. recently for high-level talks and Minister for Trade Yeo Han-koo also in the U.S. for negotiations, as pressure grows on officials to clinch a deal that is no worse than Japan's that cut tariffs to 15%.

The agreement that Japan secured has added pressure on South Korea to defuse the threat of high tariffs on its exports to the United States.

The 18-year-old winger joined United from K League 2 side Suwon Bluewings last week, and linked up with his new team-mates for their tour of Asia, which began in Singapore before the squad flew into