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Medical Research Driving Business with Over 400 Licensing Deals

Medical Research Driving Business with Over 400 Licensing Deals

SEOUL, Nov. 16 (Korea Bizwire) – Technology Licensing Offices at hospitals, universities and research labs had successfully inked 405 technology transfer deals with businesses as of October, the Ministry of Health and Welfare revealed on November 15. Technology Licensing Offices, commonly referred to as TLOs, are organizations set up as intermediaries that serve as the [...]

South Korea’s Push to Create Its Own Goldman Sachs

South Korea’s Push to Create Its Own Goldman Sachs

SEOUL, Nov. 16 (Korea Bizwire) – South Korea is continuing efforts to create its own Goldman Sachs, with the government encouraging firms to become larger in size to compete with international investment banks. The Financial Services Commission (FSC) is pushing for the establishment of a major competitive South Korean investment bank by creating an environment where [...]

Samsung Electronics Announces Promotion of Executives

Samsung Electronics Announces Promotion of Executives

SEOUL, Nov. 16 (Korea Bizwire) — Samsung Electronics Co. announced a reshuffle of executives Thursday as a follow-up step to the appointment of new heads of its major business divisions late last month. Through the regular reshuffle, the South Korean tech giant has promoted 221 executive-level employees, 99 of them from the crucial chip-making division, [...]

S. Korea’s AIIB Membership Opening Doors to Asian Infrastructure Projects

S. Korea’s AIIB Membership Opening Doors to Asian Infrastructure Projects

SEOUL, Nov. 15 (Korea Bizwire) – South Korea’s membership in the China-led Asian Infrastructure Investment Bank (AIIB) is paying dividends, with a number of companies winning deals with Bangladesh in recent days. According to the Ministry of Strategy and Finance, LS Cable & System and Hyosung Corp both obtained contracts for work on Bangladesh’s electrical [...]

Dividend Payouts to Foreigners Soar 20 pct This Year

Dividend Payouts to Foreigners Soar 20 pct This Year

SEOUL, Nov. 16 (Korea Bizwire) –South Korean listed firms’ dividend payouts to foreign investors jumped more than 20 percent in the first nine months of the year due mainly to increased earnings, central bank data showed Thursday. Local listed companies paid foreign investors US$14.09 billion in dividends in the January-September period, up 20.5 percent from [...]

Samsung, SK hynix’s Production Unaffected by Earthquake

Samsung, SK hynix’s Production Unaffected by Earthquake

SEOUL, Nov. 15 (Korea Bizwire) – South Korean tech giants said Wednesday no damage has been reported at production plants following the magnitude 5.4 earthquake which struck the southeastern city of Pohang earlier in the day. The quake occurred at around 2:29 p.m. some 9 kilometers north of Pohang, the Korea Meteorological Administration said. The quake was felt across [...]

Seoul Government to Discuss Carpool Service

Seoul Government to Discuss Carpool Service

SEOUL, Nov. 15 (Korea Bizwire) – The Seoul Metropolitan Government is expected to hold a discussion next week on controversial carpool services that have been accused of violating the Passenger Transport Service Act. The meeting is expected to gather together experts and officials from the taxi and ICT industries, civic groups, and government officials to [...]

Preorders for Latest HNB E-Cig “Lil” Hit 10,000 in 2 Days

Preorders for Latest HNB E-Cig “Lil” Hit 10,000 in 2 Days

SEOUL, Nov. 15 (Korea Bizwire) – KT&G has exhausted its 10,000-unit supply of its HNB e-cigarette “Lil” within two days, according to the South Korean tobacco firm. Sold at GS25 convenience stores throughout the Seoul area, the pre-orders began on November 13 and ended around 5 p.m. the following day. Buyers can pick up their [...]