SEOUL, Jan. 19 (Korea Bizwire) – South Korean infants are prescribed antibiotics in much higher frequency than those in other countries, the latest research report said Thursday, confirming concerns in the medical community of serious misuse that could hurt the immune system. The results show South Korean toddlers on average are prescribed antibiotics 3.41 times [...]
SEOUL, Jan 19 (Korea Bizwire) – The U.S. Food and Drug Administration (FDA) has released its draft guidance on biosimilar interchangeability, a move that will allow South Korean bio-pharmaceutical firm Celltrion Inc. to increase its presence in the U.S. market, company officials said Thursday. The FDA unveiled the guidance Tuesday (local time) that recommends that [...]
SEOUL, Jan. 19 (Korea Bizwire) – South Korea’s transportation and construction ministry said Thursday that it is seeking to sign a memorandum of understanding with a development bank in Central America to widen cooperation in building infrastructure in the region. Under the deal, the Ministry of Land, Infrastructure and Transport will share know-how on infrastructure [...]
SEOUL, Jan. 19 (Korea Bizwire) – LG Electronics Inc.’s upcoming G6 smartphones will come with Google Inc. voice assistant service, industry sources said Thursday, as the South Korean company struggles to compete against its rivals. LG’s new flagship models — to be unveiled next month — will carry the U.S. tech giant’s artificial intelligence (AI) [...]
SEOUL, Jan. 19 (Korea Bizwire) – A Seoul court on Thursday rejected an arrest warrant sought for Lee Jae-yong, Samsung Group’s de facto leader, dealing a blow to investigators who have been accelerating the probe into an influence-peddling scandal centered on President Park Geun-hye and her friend. On Monday, an independent counsel team looking into [...]
SEOUL, Jan. 18 (Korea Bizwire) – Yes, you can get reimbursed for damaged banknotes, but it depends on the extent of the damage. The Bank of Korea and other commercial banks in South Korea currently replace damaged banknotes and coins with new bills only if they meet certain criteria. In 2016, 1.89 billion won ($1.62 [...]
SEOUL, Jan. 18 (Korea Bizwire) – MUSAT, or Multi UDT/SEAL Assaulting Tactics, is a form of close-encounter combat training used often by the UDT/SEAL units and the Special Warfare Flotilla of the Republic of the Korea Navy. At first glance, the discipline is reminiscent of the Filipino martial art Kali, or knife fighting, although more [...]
SEOUL, Jan. 18 (Korea Bizwire) – “The Wailing,” a supernatural thriller, was named best film of 2016 by an association of South Korean film journalists Wednesday. Na Hong-jin was chosen best director for the tense drama which features a tranquil rural village embroiled in mysterious serial murders after the arrival of a stranger. The movie, [...]
SEOUL, Jan. 18 (Korea Bizwire) – A senior executive of German carmaker Volkswagen visited Seoul prosecutions’ office on Wednesday and apologized to South Korean customers for the emissions scandal surrounding some of its vehicles. Francisco Javier Garcia Sanz, a member of Volkswagen AG’s Board of Management, visited the Seoul Central District Prosecutors’ Office to discuss [...]
SEOUL, Jan. 18 (Korea Bizwire) – The Russian military has conducted another successful launch of its Topol-M intercontinental ballistic missile, which, according to officials, can penetrate the THAAD missile battery, the U.S. anti-ballistic missile system the South Korean government is looking to deploy. According to local sources on January 17, a single Topol-M missile was [...]