SEOUL, June 18 (Korea Bizwire) — A string of clinical trial failures is putting severe financial strain on South Korea’s biotech sector, forcing some drug development firms into liquidation or restructuring as investor confidence continues to erode. On Tuesday, industry sources confirmed that OsteoNeuroGen, a pharmaceutical startup focused on treatments for idiopathic pulmonary fibrosis, will [...]
SEOUL, June 18 (Korea Bizwire) – South Korea’s financial regulator has issued a consumer alert warning the public about a rise in fraudulent schemes involving fake promises of imminent stock market listings—an increasingly sophisticated scam targeting retail investors amid the country’s recent market rebound. According to the Financial Supervisory Service (FSS), scam operators are falsely [...]
SEOUL, June 18 (Korea Bizwire) – In South Korea, older and more conservative citizens are increasingly turning to YouTube as their primary source of news, while younger and progressive users appear to be migrating away from the platform, according to the Digital News Report 2025 published by the Korea Press Foundation in partnership with the [...]
SEOUL, June 18 (Korea Bizwire) — The Seoul Metropolitan Government announced Tuesday it will expand its free “Pet Plant Clinic” service—an initiative offering personalized diagnosis and care for ailing houseplants—from 9 to 14 locations across the city by the end of June. Launched in 2023, the Pet Plant Clinic program provides expert guidance to citizens [...]
SEOUL, June 18 (Korea Bizwire) — Foreign visitors to South Korea ranked punctuality as the most satisfying aspect of the country’s railway services, according to a new customer satisfaction survey released by national rail operator KORAIL. The survey, conducted on May 18–19, polled 301 foreign tourists at major transportation hubs including Seoul Station, Busan Station, [...]
SEOUL, June 17 (Korea Bizwire) — For the first time in South Korean history, eco-friendly vehicles—including electric, hybrid, and plug-in hybrid models—surpassed internal combustion engine (ICE) vehicles in domestic monthly sales, signaling a significant market shift as electric vehicle (EV) concerns begin to ease. According to data released Tuesday by the Ministry of Trade, Industry [...]
Artificial intelligence for Space: Politecnico di Torino’s “IntelliSwarm” project has received €3 million in funding from the European Union to increase the quality, availability and timeliness of images processed on board satellites TURIN, Italy, June 17, 2025 (Korea Bizwire) – Politecnico di Torino’s research project “IntelliSwarm” has been awarded the prestigious ERC Advanced Grant, an initiative of [...]
Expanded Scope 3 footprint, 42% cut in hosting emissions, and a surge in employee volunteer hours set the stage for science‑based targets in 2025 TORONTO, June 17, 2025 (Korea Bizwire) – Cority, the global leader in enterprise Environmental, Health, and Safety (EHS) and Sustainability software, has published its 2025 Sustainability Report, detailing how the cloud‑software leader [...]
TOKYO, June 17, 2025 (Korea Bizwire) – Fairy Devices Inc., a Tokyo-based deep tech platformer, today announced the global launch of THINKLET, a programmable wearable AI device for AI application developers. The international sales page is available at https://mimi.fairydevices.jp/technology/device/thinklet/en/ THINKLET is a programmable wearable AI device that enables developers to build AI applications using the [...]
BOISE, Idaho, June 17, 2025 (Korea Bizwire) – Top California Lender, a private lender specializing in commercial real estate lending, is proud to announce the successful closing of a $5.3 million loan to finance the acquisition of a mixed-use development in Boise, Idaho. This transaction highlights the company’s commitment to supporting innovative projects in emerging [...]