SEOUL, Jan. 21 (Korea Bizwire) – South Korea’s major pharmaceutical companies are poised to sharply expand their spending on research and development (R&D) in 2016, taking a page from Hanmi Pharmaceutical Co.’s aggressive investment that has led to a series of mega-hit licensing deals, industry sources said Thursday. Of the country’s top 10 drug companies [...]
SEOUL, Jan.20 (Korea Bizarre) – A recent survey has revealed that one out of two singles in their 20s and 30s are thinking about signing a prenup before getting married. Furthermore, more than half of the male respondents to the survey answered that they would get married again after divorce, while women preferred not to [...]
SEOUL, Jan.20 (Korea Bizwire) – An investigation has revealed that 4 out of 10 bidets manufactured in China lack or have poor flame retardant agents, and could cause burns to a user’s bottom. According to the China Economic Daily, the government investigated bidets from 45 companies manufactured in 15 cities, and discovered that 40 percent [...]
SEOUL, Jan.20 (Korea Bizwire) – With South Korea resuming loudspeaker broadcasts against North Korea following the latter’s nuclear test, North Korea also responded with its own loudspeaker broadcasts. However, instead of pointing its speakers to the south, it is sending out broadcasts towards its own territory. According to SBS, a South Korean broadcasting network, the [...]
SEOUL, Jan.20 (Korea Bizwire) – SsangYong Motor announced that it will be launching the ‘Kaiser’, a special version of its Chairman W luxury sedan. Officials at Ssangyong Motor commented that they will be releasing the special trim of the Chairman W model during the first half of the year as a strategy to compete against [...]
SEOUL, Jan.20 (Korea Bizwire) –SK Telecom, the No.1 mobile network operator in Korea, is modifying internal policies after it was reported that the company was lowering its clients’ credit ratings by reporting those who didn’t pay their bills to credit rating agencies as defaulters. Unlike SK Telecom, KT and LG U+ don’t report clients as [...]
SEOUL, Jan. 20 (Korea Bizwire) – The outbreak of Middle East Respiratory Syndrome (MERS) in South Korea last year caused duty-free purchases made by foreigners to decline, despite overall sales going up thanks to solid rise in outbound travelers, data showed Wednesday. Sales to foreigners inched down 0.6 percent on-year to US$5.41 billion, the Korea [...]
SEOUL, Jan. 20 (Korea Bizwire) - Haitai Confectionery & Foods Co., South Korea’s second-biggest confectionery, said Wednesday it is preparing for an initial public offering this year, taking advantage of the huge success of its honey-flavored potato chips. Haitai said it has made deals with two local brokerage houses to list its shares on the Seoul [...]
SEOUL, Jan. 20 (Korea Bizwire) - Eight out of 10 adult Koreans drink at least two cups of coffee a day, and many of them make their own coffee at home in addition to visiting cafes, a poll showed Wednesday. According to the survey conducted on 1,076 respondents who attended a global cafe exhibition in November, [...]
SEOUL, Jan.20 (Korea Bizwire) – Technology that can be used to create a 3D map by simply walking around with a backpack has been developed by a Korean research team. Professor Do Rak-ju (40) and his team at Korea University’s Department of Electronic Engineering reported that they had succeeded in developing technology that records images [...]