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Less Than 1 in 5 Medical Device Companies to Increase R&D Positions: Survey

Less Than 1 in 5 Medical Device Companies to Increase R&D Positions: Survey

SEOUL, Feb. 20 (Korea Bizwire) – Less than one in five South Korean manufacturers of medical supplies and equipment said they plan to increase new research and development (R&D) jobs, a survey showed Monday, despite the government’s push to become a global biotech and medical industry hub.  According to the survey by the Korea Medical [...]

Samsung to Suspend Investment, Business Plans Following Arrest of Chief

Samsung to Suspend Investment, Business Plans Following Arrest of Chief

SEOUL, Feb. 17 (Korea Bizwire) – Samsung Group, South Korea’s largest conglomerate, is expected to put most of its new business and investment plans on hold, at least temporarily, following the arrest of its heir-apparent Lee Jae-yong, market observers said Friday.  Lee, the group’s de facto leader, was arrested early Friday on charges of bribery [...]

Aircraft Finance Market Likely to Rise in S. Korea

Aircraft Finance Market Likely to Rise in S. Korea

SEOUL, Feb. 16 (Korea Bizwire) – South Korea’s aircraft finance sector is likely to grow this year, industry officials said Thursday, amid increased demand from air traffic passengers.  Yoo Byung-soo, who handles aircraft finance at KTB Investment & Securities, said he expects the country’s aircraft finance market to reach between 4 trillion won (US$3.5 billion) [...]