SEOUL, Oct. 21 (Korea Bizwire) — South Korea will expand its national pension premium support program starting in 2026 to cover low-income individuals who have temporarily lost income due to job loss or business closure, even if they do not immediately resume payments, the government announced Monday. The reform, part of the pension overhaul agreed upon [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s Supreme Court has ruled that resident doctors at general hospitals are entitled to overtime and night-shift pay under the Labor Standards Act, marking a major decision that reinforces labor protections for medical trainees. The court upheld a lower court ruling in favor of three former emergency medicine residents [...]
SEOUL, Oct. 21 (Korea Bizwire) — Samsung Asset Management said Monday it will launch a new exchange-traded fund (ETF) that invests in companies participating in South Korea’s national “Sovereign AI” project, underscoring growing investor confidence in the country’s bid to develop its own artificial intelligence infrastructure. The KODEX Korea Sovereign AI ETF, set to debut on [...]
HOUSTON, Oct. 20, 2025 (Korea Bizwire) – VoltaGrid, a leading provider of distributed power and energy solutions, and Halliburton (NYSE: HAL), a global leader in energy services and technology, have signed an agreement to establish a strategic collaboration focused on delivering distributed power generation solutions for data centers worldwide, with the initial roll-out targeted for [...]
Teva and Prestige announce a license and supply agreement for the commercialization of Prestige’s Tuznue®, a biosimilar to Herceptin® (trastuzumab) Tuznue® received European Commission (EC) marketing authorization in September 2024 Partnership brings together both companies’ expertise in biosimilars TEL AVIV, Israel, Oct. 20, 2025 (Korea Bizwire) – Teva Pharmaceuticals International GmbH, a subsidiary of Teva Pharmaceutical Industries [...]
Licensing enables resilient, scalable supply chains in AI, automotive and industrial markets ANDOVER, Mass., Oct. 20, 2025 (Korea Bizwire) – Vicor Corporation (NASDAQ: VICR) Intellectual Property (IP) stemming from Vicor’s development of high-density power system technology is key to performance in high growth markets such as AI. Licensed access to foundational IP, including to 800V, [...]
SEOUL, Oct. 21 (Korea Bizwire) — More than 2.3 million people in South Korea sought medical treatment for influenza last year, marking the second consecutive year flu cases have exceeded 2 million, government data showed Sunday. According to the Health Insurance Review and Assessment Service, 2.36 million people were treated for influenza in 2024, slightly below [...]
The Backdrop: A Sudden Shift in Washington In August 2024, the U.S. Department of Energy (DOE) quietly made a ruling that would reverberate through South Korea’s nuclear industry. During a closed-door meeting attended by officials from Seoul and Washington — including representatives of Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corp. (KEPCO), and [...]
South Korea’s Nuclear Export Deal with Westinghouse Sparked by U.S. Ruling on Reactor Technology Origins SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government’s controversial settlement with U.S. firm Westinghouse over nuclear technology rights was driven by a 2024 decision from the U.S. Department of Energy (DOE) declaring that Korea’s APR1400 reactor design contains American-origin [...]
SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government will formally launch the “K-Ship Tech Alliance” next year, a sweeping initiative designed to accelerate the shipbuilding industry’s transition to artificial intelligence (AI) technologies as part of the country’s broader industrial innovation strategy. Announced at a high-level economic ministers’ meeting chaired by Deputy Prime Minister and [...]