SEOUL, Jan. 18 (Korea Bizwire) – Biomedicine exports by South Korean pharmaceutical firms jumped more than 50 percent in 2016 from a year earlier to surpass the US$1 billion mark for the first time, data showed Wednesday. Outbound shipments of locally manufactured biomedicines such as vaccines and genetic recombination drugs stood at US$1.44 billion last [...]
SEOUL, Jan. 17 (Korea Bizwire) – Ssipda in Korean means to chew, and at the same time, it can be a homophone of a slang word for “badmouthing” somebody, but with a slightly stronger tone. Woongjin Food has just introduced two chewing gum products literally called “CEO” or “boss” that consumers can “Ssipda” (chew) on, [...]
SEOUL, Jan. 17 (Korea Bizwire) – It has been a year since two Korean startup companies – Buzzvil and Yello Mobile – began a legal dispute over a patent for smartphone lock screen apps that pay users, usually in the form of points, when they unlock their smartphones and engage with ads. Such apps have [...]
SEOCHEON, South Korea, Jan. 17 (Korea Bizwire) – A new comfort woman statue, also known as the statue of peace, was erected Tuesday in Seocheon County, South Cheongcheong Province, becoming the 56th such statue to be established globally. The statue was funded by the county residents, who struggled for the past two months to find [...]
SEOUL, Jan. 17 (Korea Bizwire) – South Korea will deploy 12 additional maritime choppers by 2022 to better counter growing North Korean submarine threats, the state defense procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) said the military plans to invest about 900 billion won (US$768 million) to pick a helicopter model for [...]
SEOUL, Jan. 17 (Korea Bizwire) – A South Korean fabric manufacturer has launched a clinical trial of its heat-generating clothes to help diabetic patients keep their blood sugar levels under control, company officials and doctors said Tuesday. ReTend Co., the fabric maker, developed its own heat-generating clothes with a high-tech fabric named “TempUp” and let [...]
SEOUL, Jan. 17 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Group may consider building additional production facilities in the United States, but only when or if a future rise in demand there requires it to do so, group officials said Tuesday. The remarks came after foreign news outlets, citing Hyundai Motor Group President [...]
JEONJU, South Korea, Jan. 17 (Korea Bizwire) – Chonbuk National University, located in the historical city of Jeonju, is celebrating its 70th anniversary this year by renovating its campus with a taste of Korea’s traditional architecture. According to officials, 6 billion won ($5.1 million) will be invested into renovating the school’s main gate, which will [...]
SEOUL, Jan. 17 (Korea Bizwire) – NH Investment & Securities became the first securities firm in Korea to adopt a biometric authentication system that scans veins on the palm of a user’s hand, to be used for financial transactions. According to officials, customers who register their biometric information can take advantage of the new system [...]
ISTANBUL, Jan. 17 (Korea Bizwire) – Velvet Indieground, a record shop in Istanbul run by a Korean expat, has closed. The store figured prominently in the media after what an extreme Islamist attack on June 17 of last year, when a handful of Turkish individuals entered the premises, assaulted customers with metal and wooden clubs, [...]