SUWON, March 30 (Korea Bizwire) — South Korea’s most populous province has said it will continue its policy of distributing fine dust masks for free on buses when fine dust levels are high, after the air pollution emergency measure was rated favorably by 8 out of 10 bus riders. For a two-day period starting on [...]
SEOUL, March 30 (Korea Bizwire) — Drones stole the show at the Winter Olympics last month while the lack of local sightseeing options was singled out as one of the drawbacks of the Winter Games held in Pyeongchang, according to a survey of 451 individuals (227 South Koreans, 224 foreigners). Conducted by the Corea Image [...]
SEOUL, March 30 (Korea Bizwire) — Rejecting assertions that South Korea could end up as a shrimp among whales in the brewing trade war between the United States and China, trade minister Kim Hyun-chong instead said via a live video presentation on Facebook that Asia’s fourth largest economy “must quickly transform into a dolphin and [...]
SEOUL, March 30 (Korea Bizwire) — With South Korea transitioning rapidly into an aging society, the desire to maintain good health and seek out customized treatment methods is expected to drive up demand of six different medical technologies. Dental implants, implantable medical devices, robotic surgery machinery, 3D-printed medical devices, medical lasers and electrosurgical units were named [...]
SEOUL, March 29 (Korea Bizwire) — While the selling of “loot boxes” and similar methods of generating randomized virtual items has been a win for gaming companies, the practice has been less appreciated by both gamers and the general public, with some comparing it to gambling or an online lottery. Using loot boxes as an [...]
SEOUL, March 28 (Korea Bizwire) — Shinsegae Group will build a massive online center for its new affiliate dedicated to the e-commerce business, its vice president said Wednesday, as the retail giant moves to cope with the rapid expansion of the country’s online market. In January, Shinsegae announced that it has signed an initial agreement [...]
SEOUL, March 28 (Korea Bizwire) — An affiliate of South Korean biopharmaceutical firm Celltrion Inc. said Wednesday that the market share of the biosimilar drug Remsima came to 52 percent in Europe during the fourth quarter of last year. The market share of Remsima surpassed that of its original drug, Remicade, by Janssen Biotech, Inc., [...]
SEOUL, March 28 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has started construction on a second production line at its factory in Xian, China, to meet rising demand for its 3D V-NAND products. The construction comes after Samsung clinched an agreement with the regional government in China in August 2017 and involves investing [...]
SEOUL, March 28 (Korea Bizwire) — Nearly half of manufacturing firms in South Korea plan to make more facility investment in 2018 than last year amid modest signs of economic recovery, a survey showed Wednesday. According to the poll on 269 companies conducted by the Bank of Korea (BOK), 44.6 percent of the respondents said [...]
SEOUL, March 28 (Korea Bizwire) — One out of every 100 South Korean adults suffered from insomnia in 2016, a report showed Wednesday, with the rate increasing over the past five years. According to the report by the National Health Insurance Service, 541,958 people visited hospitals to be treated for insomnia in the one-year period, [...]