SEOUL, Feb. 20 (Korea Bizwire) — The Ministry of Food and Drug Safety has approved the sale of Truvada, a type of HIV prevention drug PrEP, in South Korea, but the medicine’s high price is raising concerns over its affordability. According to sources close to the pharmaceutical industry on Monday, Gilead Sciences Korea’s HIV prevention medication [...]
SEOUL, Feb. 20 (Korea Bizwire) — The South Korean government has announced plans to set up an agricultural fund to support promising agriculture startups. Management plans for a new agricultural ‘fund of funds’ were unveiled by the Ministry of Agriculture, Food and Rural Affairs on Monday, which will be used to finance companies that invest in [...]
SEOUL, Feb. 19 (Korea Bizwire) – Combined sales of cars made by Hyundai Motor Co. and its affiliate Kia Motors Corp. jumped 10 percent on-year in Europe last month, industry data showed Monday. In January, Hyundai and Kia sold 80,741 vehicles in the vast automobile market, up from 73,327 units a year ago, according to data from the European Automobile Manufacturers Association (ACEA). In Europe where small-sized vehicles are popular and stricter emissions [...]
GANGNEUNG, South Korea, Feb. 19 (Korea Bizwire) – South Korea’s ice dance team of Min Yu-ra and Alexander Gamelin on Monday performed a clean short dance to grab a ticket to the free dance at the ongoing PyeongChang Winter Olympics. The duo scored 61.22 points to rank 16th in the short dance at Gangneung Ice Arena with the 17-day Winter Games entering its last phase. It was slightly behind [...]
SEOUL, Feb. 19 (Korea Bizwire) – South Korea’s performing art industry declined last year, a recent survey by the culture ministry showed Monday. According to the “2017 Survey on the Performing Arts” published by the Ministry of Culture, Sports and Tourism, the total sales of the industry decreased 4.3 percent from a year ago to 748 billion won (US$711 million) last [...]
SEOUL, Feb. 19 (Korea Bizwire) — Middle-aged South Korean men are much better off financially than women, with many women seeing their finances affected significantly by pregnancy and marriage, a new study has revealed. South Korean women in their 40s own 13.73 million won in financial assets on average, nearly half of what men in the [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korean tourism officials are poised to introduce more Muslim-friendly places following criticism over the lack of halal restaurants in the country. The Korea Tourism Organization (KTO) will launch Halal Restaurant Week again on a bigger scale between August and October this year, with a total of 250 halal [...]
SUWON, Feb. 19 (Korea Bizwire) — The Gyeonggi Urban Innovation Corporation has unveiled plans for a global business center at the Second Pangyo Techno Valley. The 249.5 billion won project will see a 13-storey building built on a 12,817 square meter lot, an edifice that will serve as the Global Biz Center for the much anticipated [...]
SEOUL, Feb. 19 (Korea Bizwire) — Dating violence is on the rise in South Korea, claiming around eight lives every month. More than 10,000 people were arrested for infractions related to dating violence last year, according to data from the National Police Agency. The figure has been increasing steadily since 2014, surpassing the 10,000 mark for [...]
SEOUL, Feb. 19 (Korea Bizwire) – An LGBT group including adolescent members has released a guidebook on HIV and AIDS as the number of teenagers suffering from the condition continues to rise. The guidebook ‘Key to 20 Answers’ published by South Korean LGBT group DDingDong outlines 20 major questions concerning both HIV and AIDS and answers [...]