SEOUL, July 22 (Korea Bizwire) – Despite the blazing hot weather, pharmaceutical companies are gearing up to compete in the market for flu vaccines for the winter season, particularly tetravalent flu vaccines that are expected to hit the market this year. Tetravalent flu vaccines, which mark the next development step after trivalent flu vaccines, provide protection against [...]
SEOUL, July 22 (Korea Bizwire) – With duty free shops in South Korea seeing record sales, they are attracting new product lines to their offline and online stores. Shilla Duty Free, Korea’s top duty free shop, announced on July 22 that its online stores had launched their first pet-supply brand. Due to growing popularity, pet supply [...]
SEOUL, July 22 (Korea Bizwire) – The battle over dentists performing botox injections between the Korean Medical Association (KMA) and the Korean Dental Association (KDA) began sometime in 2011 when a dentist named Jung was accused of violating medical laws by giving a botox injection to one of his patients. Jung attempted to use previous cases [...]
SEOUL, July 22 (Korea Bizwire) – The Korea Virtual Reality (VR) Industry Association announced on July 21 that a new virtual reality café named ‘VR Plus Show Room’ will open on July 22 in Seoul’s most urbane business and shopping district – Gangnam. In order to promote the VR industry, ‘VR Plus Show Room’ will offer [...]
SEOUL, July 21 (Korea Bizwire) – The Korean Ministry of Environment confirmed on July 20 that Octylisothiazolinone (OIT) – a toxic substance that instigated the Oxy humidifier sterilizer scandal in Korea several months ago – was found in 58 models of air purifiers and three vehicle air conditioner filters currently being sold locally, and advised manufacturers to [...]
ULSAN, July 21 (Korea Bizwire) – Ulsan National Institute of Science and Technology (UNIST) announced on July 21 that it would explore hyperloop technology first suggested by Elon Musk in 2013 to develop a futuristic ‘Dream Train’ that could connect Seoul and Busan in less than 16 minutes. To participate in what has become a global research trend [...]
SEOUL, July 21 (Korea Bizwire) – Only one out of ten adults in Korea makes do without a smartphone these days. Based on market research from Gallup Korea, the penetration rate of smartphones in Korea has reached 89 percent. Starting with the iPhone 3Gs in November 2009, the first smartphone launched in Korea, the percentage of [...]
SEOUL, July 20 (Korea Bizwire) – ‘Open innovation’ refers to a company’s innovative means to develop a new product or service by sharing and accepting new knowledge and ideas from other companies or start-ups that have developed groundbreaking technology. The practice is becoming increasingly common in the Korean pharmaceutical and biotechnology industries. In the past, innovations were [...]
SEOUL, July 20 (Korea Bizwire) – According to a study conducted by a team of scientists from the National Cancer Center’s Department of Cancer Control Policy, press releases in South Korea often include exaggerated or inaccurate information regarding cancer, based on an ‘Extended Parallel Process Model’ that focuses on human psychology in communications studies. A research [...]
SEJONG, July 20 (Korea Bizwire) – The legal status of fetuses remains inconsistent in Korea, causing confusion for many soon-to-be parents. Under civil law, fetuses do not count as people, thus no legal status can be given apart from certain exceptions – the right of inheritance and damage compensation. For these two exceptions, a fetus is [...]