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Archive by category Services and Others

Major Pharmaceuticals to Expand R&D Spending in 2017

Major Pharmaceuticals to Expand R&D Spending in 2017

SEOUL, March 21 (Korea Bizwire) – Major South Korean pharmaceutical companies are poised to expand their spending on research and development (R&D) this year despite weak earnings, industry sources said Tuesday.  The four drug companies — Hanmi Pharmaceutical Co., Green Cross Corp., Daewoong Pharma and Chong Kun Dang Pharmaceutical Corp. — whose annual R&D spending [...]

Why is Starbucks So Popular in South Korea?

Why is Starbucks So Popular in South Korea?

SEOUL, March 20 (Korea Bizwire) – Marking its 17th anniversary last year, Starbucks Korea’s annual revenue exceeded 1 trillion won for the first time, and much attention is being paid to what is behind the international coffee giant’s long-lived success in the country. Of the 75 countries that Starbucks currently operates in, only in five [...]

Popularity of Government’s Public Auction Website Soars

Popularity of Government’s Public Auction Website Soars

SEOUL, March 20 (Korea Bizwire) – A public online auction system called “Onbid” is seeing a growing number of users, according to the organization behind the website, the Korea Asset Management Corporation (KAMCO). Onbid, an auction service which began in 2002, was introduced to make it easy for both buyers and sellers to bid and [...]

Experts Call for Overhaul on Tourism amid THAAD Row

Experts Call for Overhaul on Tourism amid THAAD Row

SEOUL, March 19 (Korea Bizwire) – South Korea’s tourism needs to revamp itself to reduce its dependency on China and grow into an industry that creates more added value, experts said Sunday, amid rising tension with the neighboring country over the deployment of a U.S. anti-missile system.  Local tourism is expected to suffer a major [...]

Korean Hospitals Deploy IBM’s ‘Watson’ Supercomputer Help Doctors Treat Cancer Patients

Korean Hospitals Deploy IBM’s ‘Watson’ Supercomputer Help Doctors Treat Cancer Patients

SEOUL, March 17 (Korea Bizwire) – Kunyang University Hospital announced its launch of IBM Watson for Oncology yesterday, a supercomputer diagnostic system that is poised to revolutionize the treatment of cancer patients. The launch ceremony with SK C&C, the South Korean distributor of the system, took place at the hospital yesterday in the presence of the [...]

S. Korea Eyes Attracting Tourists from All Across Asia to Overcome THAAD Row

S. Korea Eyes Attracting Tourists from All Across Asia to Overcome THAAD Row

SEOUL, March 17 (Korea Bizwire) – South Korea has stepped up efforts to overhaul its dependence on China for its tourism trade by shifting the focus to other Asian countries to cope with the fallouts triggered by the stationing of an advanced U.S. missile defense system here, sources said Friday.  The country’s tourism is bearing [...]

US Law Firms Turn a Blind Eye to South Korean Legal Services Market, Despite Trade Deals

US Law Firms Turn a Blind Eye to South Korean Legal Services Market, Despite Trade Deals

SEOUL, March 16 (Korea Bizwire) – Calls for reforms to the Foreign Legal Consultant Act are growing as current legislation is being criticized as ‘too restrictive’ for international law firms to venture into the legal services market in South Korea. No American law firms have applied for a joint venture partnership with a South Korean [...]

South Korean Tourism Industry Looks to Russia Amid China’s THAAD Retaliation

South Korean Tourism Industry Looks to Russia Amid China’s THAAD Retaliation

  SEOUL, March 16 (Korea Bizwire) – As China continues to withdraw its tourists from South Korea over a political issue surrounding the deployment of a THAAD missile defense system, South Korea’s tourism industry is looking to Russia to fill the gap left by what was once its biggest source of profits. According to the [...]

New 48-Hour ‘Discover Seoul Pass’ Coming Soon

New 48-Hour ‘Discover Seoul Pass’ Coming Soon

SEOUL, March 16 (Korea Bizwire) – Plans for a new edition of the ‘Discover Seoul Pass’, which will allow foreign tourists to enjoy a wide selection of tourist attractions in Seoul for 48 hours, were revealed by the Seoul Metropolitan Government on Wednesday. The 48-hour city pass is the revamped edition of a previous version [...]