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Insurers Launch Policies for Autonomous Vehicles

Insurers Launch Policies for Autonomous Vehicles

SEOUL, Sept. 18 (Korea Bizwire) — South Korean insurance companies will start selling autonomous car-related insurance products from late this month, the financial watchdog said Thursday. The Financial Supervisory Service announced that the nation’s 12 non-life insurance companies will start selling new insurance products that can cover the risk related to accidents involving commercial self-driving [...]

Senior Care Food Gains Popularity with Aging Population

Senior Care Food Gains Popularity with Aging Population

SEOUL, Sept. 17 (Korea Bizwire) — Food manufacturers are jumping into the care food business for seniors as customized meal products for seniors are expected to grow in demand alongside an aging population. Pulmuone Foodmerce, the distribution arm of South Korean food producer Pulmuone Co, signed a memorandum of understanding with Aria Care Korea, an [...]

Delivery Apps Compete Over Instant Delivery Services

Delivery Apps Compete Over Instant Delivery Services

SEOUL, Sept. 17 (Korea Bizwire) — Germany-based online delivery service provider Delivery Hero, the operator of South Korea’s second-biggest food delivery app Yogiyo, introduced a new delivery service Yomart on Wednesday. Delivery Hero Stores Korea, a sister company to Delivery Hero, offers quick commerce (Q-Commerce) services based on warehouses located in the heart of the [...]

Non-life Insurance Product to Cover Infectious Diseases Available in 2021

Non-life Insurance Product to Cover Infectious Diseases Available in 2021

SEOUL, Sept. 17 (Korea Bizwire) — A new non-life insurance product to compensate individuals and businesses for financial losses caused by the spread of infectious disease like COVID-19 is expected to be available late next year. The Korea Insurance Development Institute (KIDI) announced on Wednesday that it had started developing an infectious disease risk evaluation [...]

E-mart Riding High on Brisk Demand for Eco-friendly Clothes

E-mart Riding High on Brisk Demand for Eco-friendly Clothes

SEOUL, Sept. 17 (Korea Bizwire) — Amid growing interest in environmental protection, eco-friendly clothes made of recyclable materials are enjoying rising popularity. E-mart Inc., South Korea’s largest hypermarket chain, announced on Wednesday that its in-house clothing brand DAIZ saw first-half sales of recycled clothes rise by 260 percent year on year. “The robust sales growth [...]

Retail Investors Raise Stake in Samsung Electronics This Year

Retail Investors Raise Stake in Samsung Electronics This Year

SEOUL, Sept. 17 (Korea Bizwire) — South Korean retail investors have snapped up Samsung Electronics Co. this year, sharply raising their stake in the global tech giant, industry sources said Thursday. Local retail investors had net bought 147 million shares in the world’s top smartphone and memory chip manufacturer this year as of Wednesday, according [...]