SEOUL, Feb. 7 (Korea Bizwire) – South Korea said Tuesday it will ease some restrictions on the ceiling of how much people can invest through crowdfuding. Currently, the general public is allowed to invest up to 5 million won (US$4,370) per year due to the risks involved with the new type of investment mostly based [...]
SEOUL, Feb. 7 (Korea Bizwire) – A resumption of the now-shuttered joint industrial complex could spark a row over the breaking of the latest U.N. sanctions resolutions against North Korea, a government official said Tuesday. With the shutdown of the Kaesong Industrial Complex marking the first anniversary this week, whether to resume the factory zone [...]
SEOUL, Feb. 7 (Korea Bizwire) – A new printer hack that was reported on in the U.S. last week has also reached South Korea. EST Security, a local web security firm, said Monday that it was aware of multiple instances of customers reporting that their devices printed messages saying “your printer has been owned,” and [...]
SEOUL, Feb. 7 (Korea Bizwire) – A recent study by preventive medicine doctors at Severance Hospital has revealed that ADHD diagnosis can be affected by household income. The study was based on 18,023 children born in 2002 and 2003, and changes in household income levels and the risks of ADHD when they reached 10 or [...]
SEOUL, Feb. 7 (Korea Bizwire) – Retired Lieutenant General Chun In-bum, the former commander of the South Korean army’s Special Warfare Command, recently announced that he would be joining the Moon Jae-in presidential campaign, to much surprise. Chun said that his decision to back Moon was aimed at improving the condition of the equipment used [...]
SEJONG, Feb. 7 (Korea Bizwire) – South Korea launched a joint committee of the government and the private sector to coordinate policies on the car industry, which has been suffering from contracted demand at home and abroad, the government said Tuesday. “The South Korean car industry is at a turning point amid the ongoing fourth [...]
SEOUL, Feb. 7 (Korea Bizwire) – SK hynix Inc., the world’s second-largest maker of computer memory chips, has submitted a bid to acquire a 20 percent stake in Toshiba Corp.’s memory chip business, an industry source said Tuesday. The bid is aimed at strengthening SK hynix’s NAND flash memory business as global demand for flash [...]
SEOUL, Feb. 7 (Korea Bizwire) – Daewoong Pharmaceutical Co., a major South Korean drugmaker, has topped the list in winning approvals from the drug regulatory agency for clinical trials, industry officials said Tuesday. Daewoong Pharmaceutical received approvals from the Ministry of Food and Drug Safety for 16 clinical trials in 2016, compared with seven a [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s state pension fund plans to invest nearly 10 trillion won (US$8.8 billion) in top-cap Samsung Electronics and other domestic stocks this year, a senior official said Tuesday, sparking hopes it could help boost the local stock market. The planned investment would raise stock investments by the National [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s rapid population aging may make the country’s monetary policy virtually ineffective down the road by neutralizing its ripple effect on the real economy, a report said Tuesday. According to the report based on the data of 25 members of the Organization for Economic Cooperation and Development between [...]