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Foreign Gov’ts Requesting S. Korean Medical Expertise as Virus Continues to Spread

Foreign Gov’ts Requesting S. Korean Medical Expertise as Virus Continues to Spread

SEOUL, April 6 (Korea Bizwire) — While a growing number of countries are requesting imports of medical products such as novel coronavirus test kits from South Korea, there have also been calls for cooperation in software technology. According to the Ministry of Foreign Affairs, Singapore recently asked for technical cooperation regarding a quarantine protection application [...]

Seoul Extends Social Distancing Drive for 2 Weeks amid Continued Spread of Virus

Seoul Extends Social Distancing Drive for 2 Weeks amid Continued Spread of Virus

SEOUL, April 4 (Korea Bizwire) — South Korea on Saturday decided to extend its social distancing campaign for another two weeks amid a slowing but still continuing spread of the new coronavirus. The decision came in a meeting chaired by Prime Minister Chung Sye-kyun, who insisted the country had no choice but to maintain a [...]

S. Korea Implements Order to Restrict Foreigners’ Activities over Coronavirus

S. Korea Implements Order to Restrict Foreigners’ Activities over Coronavirus

SEOUL, April 3 (Korea Bizwire) — South Korea’s justice ministry said Friday it has implemented an administrative order that restricts the scope of activities for all foreign arrivals for the first time over the new coronavirus pandemic. The restriction order has begun to apply to all foreign entrants who have arrived in South Korea since [...]

Seoul City to Run Taxis for Int’l Arrivals to Contain Virus

Seoul City to Run Taxis for Int’l Arrivals to Contain Virus

SEOUL, April 3 (Korea Bizwire) — In its latest efforts to contain the new coronavirus, the Seoul city government said Friday that it has started providing taxis connecting Incheon International Airport to the city. The taxis drive passengers to health community centers near their homes or the Seoul Sports Complex in eastern Seoul, where a [...]

Wealthy S. Koreans Moving Away from Real Estate Investments

Wealthy S. Koreans Moving Away from Real Estate Investments

SEOUL, April 3 (Korea Bizwire) — The portion of real estate investments by wealthy Koreans with more than 1 billion won (US$814,800) in financial assets has decreased over the past six years, according to a recent report. The preference of index-linked products, which have been considered the most sought-after financial instruments by the rich, also [...]

S. Korean AI Technology Analyses Pneumonia in a Single Minute

S. Korean AI Technology Analyses Pneumonia in a Single Minute

SEOUL, April 2 (Korea Bizwire) — South Korea has introduced the country’s first commercial artificial intelligence (AI) medical imaging analysis technology that can accurately determine the severity of pneumonia in a coronavirus patient. The MEDIP PRO Technology developed by MEDICAL IP, an AI medical imaging analysis firm, is currently being used in 24 countries around [...]

Drugmakers Introduce AI to Speed Up Development of Coronavirus Cure

Drugmakers Introduce AI to Speed Up Development of Coronavirus Cure

SEOUL, April 2 (Korea Bizwire) — Artificial intelligence (AI), expected to change the paradigm of new drug development, is gaining new attention as it has proven to be very effective in the global battle with the coronavirus. As the world suffers from the spread of COVID-19, the need for speed when it comes to discovering [...]

Popularity of ‘Untact’ Services Soars as Coronavirus Outbreak Spreads

Popularity of ‘Untact’ Services Soars as Coronavirus Outbreak Spreads

SEOUL, April 2 (Korea Bizwire) — With the ongoing coronavirus outbreak weighing heavily on consumption habits, the beauty and fashion industries are introducing same-day delivery services to follow the trend of so-called ‘untact’ services. South Korean budget cosmetics brand Missha Missha said Wednesday it will launch a cosmetics delivery service at six stores in partnership [...]