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Seoul District Court Defends LG Non-Compete Contract, Puts Brakes On Samsung Manhunt For Biosimilar Specialists

This article was originally published in The Pink Sheet Daily

Executive Summary

Former LG Life Sciences VP Kim Kyu-Don is key to Samsung's biosimilar plans, but the court ruled he must wait until Feb. 28, 2011, to take the job or pay KRW2 million ($1,620) per day to work in defiance of the court's decision.

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