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Agriculture Authorities to Genetically Engineer Hanwoo Cattle

Agriculture Authorities to Genetically Engineer Hanwoo Cattle

SEOUL, Aug. 23 (Korea Bizwire) — South Korean agriculture authorities are turning to genetic engineering to develop high-quality beef as part of their efforts to meet the growing interest and varying demand for different beef cuts in the country. The Rural Development Administration (RDA) announced on Wednesday that it is developing technology to genetically assess

South Korean Researchers Develop Eco-Friendly Paper Micro-Fluid Chip

South Korean Researchers Develop Eco-Friendly Paper Micro-Fluid Chip

SEOUL, Aug. 23 (Korea Bizwire) — A South Korean research team has developed environment-friendly paper micro-fluid chips that could replace silicon chips in the medical and environmental fields, the National Research Foundation of Korea (NRF) said on Wednesday. The research team led by professor Hyun Jin-ho at Seoul National University was able to successfully develop

South Korea’s Trade Deficits in Intellectual Property Shrinks to Record Low

South Korea’s Trade Deficits in Intellectual Property Shrinks to Record Low

SEOUL, Aug. 23 (Korea Bizwire) — South Korea’s trade balance of intellectual property has improved during the first half of this year, with the deficit dropping to a record low of $600 million, while major companies posted a surplus for the first time thanks to royalties in the IT industry, the Bank of Korea said.

Government to Discuss Alternative Military Service for Religious Conscientious Objectors

Government to Discuss Alternative Military Service for Religious Conscientious Objectors

SEOUL, Aug. 23 (Korea Bizwire) — The South Korean government has submitted a human rights review report to the United Nations, making known its intention to discuss possible alternatives to the country’s mandatory military service for conscientious objectors on religious grounds. According to the Ministry of Justice on Tuesday, South Korea’s third Universal Periodic Review

Seoul Metropolitan Government Turns to Technology to Fight Prostitution

Seoul Metropolitan Government Turns to Technology to Fight Prostitution

SEOUL, Aug. 23 (Korea Bizwire) — The Seoul Metropolitan Government has ratcheted up its struggle against organized prostitution by developing technology that will clog up telephone lines used by brothels. Despite efforts to shut down businesses operating in the sex trade, the dispersal of lurid flyers with phone numbers printed on them has made it

Busan Encourages Clean Garbage Disposal with Citywide Raffle

Busan Encourages Clean Garbage Disposal with Citywide Raffle

BUSAN, Aug. 23 (Korea Bizwire) — The Busan Metropolitan Government announced on August 23 that it will be holding a special raffle event as part of its citywide cleanup efforts. The event will be restricted to Millak Waterfront Park to tackle waste left by visitors who do not correctly dispose of their garbage. To place

New Life Insurance Regulations Give Foreign Companies an Edge

New Life Insurance Regulations Give Foreign Companies an Edge

SEOUL, Aug. 23 (Korea Bizwire) — A report released on August 22 ranking the fourteen major life insurance companies by risk-based capital ratios showed four of the top five places occupied by foreign companies. Samsung Life Insurance held down second place with a 331.8 risk-based capital ratio (RBC), followed closely by Lina Life Insurance with

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