SEOUL, Feb. 6 (Korea Bizwire) — South Korea is set to enter a new era of capital market competition as Nextrade, the country’s first alternative trading system (ATS), begins operations on April 4. The Financial Services Commission announced at its second regular meeting on February 5 that it would grant final approval for Nextrade’s multilateral trading [...]
SEOUL, Feb. 6 (Korea Bizwire) — Scientists have discovered that seaweed extracts may help suppress and alleviate inflammation caused by fine dust particles, according to an announcement from Wando County, South Jeolla Province, on February 5. The research, conducted jointly by the Marine Bio Research Center, Jeonbuk National University, and Sunchon National University, focused on identifying [...]
SEOUL, Feb. 6 (Korea Bizwire) — A new study has demonstrated the safety and effectiveness of robot-assisted gait training for patients recovering from spinal surgery, with participants showing an average 39% improvement in their ability to perform daily activities, researchers from Gangnam Severance Hospital announced on February 5. The research team, led by Park Jung-hyun of [...]
SEOUL, Feb. 6 (Korea Bizwire) — A South Korean appeals court has reversed a lower court’s decision that had awarded compensation to an inmate who sued the government over cramped prison conditions, the Gwangju District Court announced on February 4. The civil division of the court, presided over by Judge Lee Heung-kwon, overturned the initial ruling [...]
SEOUL, Feb. 6 (Korea Bizwire) — Korean scientists have identified a molecular switch that could potentially transform cancer cells back into normal cells by capturing the critical transition moment when healthy cells become cancerous, the Korea Advanced Institute of Science and Technology (KAIST) announced on February 5. The research team, led by Cho Kwang-hyun from the [...]
SEOUL, Feb. 6 (Korea Bizwire) — In South Korea, approximately 85% of new mothers used postpartum care centers last year, spending an average of 2.87 million won for 12.6 days of care, according to a government survey. The cost has increased by 18% over the past three years. The Ministry of Health and Welfare released these [...]
SEOUL, Feb. 5 (Korea Bizwire) — Automakers in South Korea, both domestic and foreign, are slashing electric vehicle (EV) prices this month in response to slowing demand and the entry of Chinese manufacturers into the market. Industry analysts suggest that established players, including Hyundai and Kia, are defending their market share against price-competitive models from China’s [...]
SANTA MONICA, Calif., Feb. 5 (Korea Bizwire) — Kia is making a bold push into the U.S. compact sedan market with its newly launched K4, a model assembled in Mexico and designed specifically for North American consumers. At a media event on February 4, the automaker introduced the vehicle to Asian press outlets, outlining its marketing strategy [...]
LOS ANGELES, Feb. 5 (Korea Bizwire) — Hyundai and Kia, along with other global automakers, have launched operations for their joint electric vehicle (EV) charging venture, Ionna, marking a significant expansion of EV infrastructure across the United States. Hyundai announced on February 4 that Ionna, established last year to develop a robust North American charging network, [...]
SEOUL, Feb. 5 (Korea Bizwire) — TGI Fridays is set to exit the South Korean market, with its local operator, MFG Korea, announcing plans to close all remaining locations in the country. The company will shut down stores gradually as their lease agreements expire, prioritizing its focus on the Mad for Garlic restaurant brand. Currently, TGI [...]