SEOUL, Dec. 29 (Korea Bizwire) — A Hong Kong-flagged vessel has been seized and inspected by South Korean authorities after secretly transferring oil to a North Korean vessel in international waters in a ship-to-ship transfer prohibited by the United Nations Security Council, government officials said Friday. South Korean customs authorities took and searched the vessel, [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s research reactor has successfully undergone a “shaking table test” to see if it can withstand a powerful quake, the country’s atomic research institute said Friday. The test of the 30 megawatt High-flux Advanced Neutron Application Reactor (HANARO) unit in the city of Daejeon 160 kilometers south of [...]
SEOUL, Dec. 29 (Korea Bizwire) — The government said Friday it will establish medical centers specializing in the research and development of early diagnosis and treatment of rare diseases, as well as medicines, in the coming years. In a four-year roadmap for the effective treatment of rare disorders, the Ministry of Health and Welfare said [...]
SEOUL, Dec. 29 (Korea Bizwire) –Retail sales in South Korea increased more than 9 percent in November from a year earlier, led by strong demand for products sold through online malls and convenience stores, government data showed Friday. The combined sales of 26 online and offline retailers stood at 10.68 trillion won (US$9.97 billion) [...]
SEOUL, Dec. 29 (Korea Bizwire) – The Ministry of Employment and Labor announced on December 28 its revisions to workers’ compensation, designating certain illnesses as harm suffered during work and expanding the parameters of coverage. The changes are to go into effect starting in January. Next year, cerebrovascular or cardiovascular illnesses – diseases troubling many [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Koreans swapped rice out for noodles once every five days in 2016, per a government study on last year’s noodle consumption. The “noodle” term used in the study does not include “ramyeon” – packaged instant noodles for which the market is so big it is regarded as its [...]
SEOUL, Dec. 29 (Korea Bizwire) – The attitudes of 20- and 30-year-old South Koreans regarding work can be summed up in the following line: “time over fit, pay over time”. This short phrase encapsulates the compromise that many young adults have made in the face of a difficult job market; rather than stubbornly sticking to [...]
SEOUL, Dec. 28 (Korea Bizwire) – Looking ahead to 2018, chief among South Koreans’ worries and hopes for the new year is employment. Two out of three respondents in a survey regarding next year’s economic policy conducted by the Korea Development Institute were most concerned about future employment. A total of 1,000 civilians and 334 [...]
SEOUL, Dec. 28 (Korea Bizwire) — Since they went on sale last July, over 20,000 Discover Seoul Passes have been sold, the Seoul Metropolitan Government announced on December 28. Sold as either 24-hour or 48-hour versions, the foreigner-only Discover Seoul Pass grants the holder free entry to 21 major tourist sites in the city [...]
SEOUL, Dec. 28 (Korea Bizwire) – A South Korean medical research team’s treatment of patients diagnosed with ROS1 gene rearrangement non-small lung cancer with the drug Ceritinib has led to a change in globally accepted treatment methods. From June 2013 through February 2016, Yonsei Cancer Center researchers conducted drug therapies on 404 stage 4 lung [...]