SEOUL, Dec. 4 (Korea Bizwire) – SK Bioscience has prevailed in an appellate court ruling against Pfizer’s subsidiary, Wyeth LLC, in a patent infringement lawsuit concerning the export of pneumococcal vaccine components to Russia. The Patent Court of Korea overturned a lower court decision, ruling that SK Bioscience’s supply of the 13-valent pneumococcal conjugate vaccine [...]
SEOUL, Dec. 4 (Korea Bizwire) – South Korea’s consumer protection agency revealed on December 3 that many biodegradable plastic products are being marketed with misleading claims that don’t match their actual certifications, potentially confusing consumers about their environmental impact. The Korea Consumer Agency (KCA) examined online advertisements for 80 biodegradable plastic products currently available in the [...]
SEOUL, Dec. 3 (Korea Bizwire) – In a dramatic turn of events, South Korea’s National Assembly passed a resolution early Wednesday morning to rescind President Yoon Suk Yeol’s declaration of martial law, which had been announced just hours earlier on Tuesday evening. The swift and tense developments have drawn thousands of protesters to the streets. On [...]
SEOUL, Dec. 3 (Korea Bizwire) – President Yoon Suk Yeol declared martial law late Tuesday, citing escalating threats to national security and constitutional order. The announcement, delivered in an emergency address from the presidential office in Yongsan, invoked Article 77 of the South Korean Constitution, which permits martial law in cases of war, armed conflict, or [...]
SEOUL, Dec. 3 (Korea Bizwire) – President Yoon Suk Yeol declared martial law on December 3, pledging to “rebuild and safeguard the Republic of Korea from descending into ruin.” The announcement came during an emergency briefing held at the presidential office in Yongsan, Seoul. In response, Defense Minister Kim Yong-hyun convened a late-night meeting with senior [...]
SEOUL, Dec. 3 (Korea Bizwire) – Samsung Electronics plans to reveal a prototype of its extended reality (XR) device in early 2025, accelerating its efforts to expand into immersive technologies. According to industry sources, the prototype—expected to debut during the Galaxy S25 Unpacked event—will feature augmented reality (AR) glasses resembling conventional eyewear, weighing approximately 50 grams. [...]
SEOUL, Dec. 3 (Korea Bizwire) – The Sichuan Wolong Giant Panda Research Base in Chengdu, China, announced on Sunday that it is closely monitoring giant panda Fu Bao after noticing unusual symptoms. The base stated via Chinese social media platform Weibo, “This morning, we observed abnormal behavior in Fu Bao.” The panda has since been moved [...]
SEOUL, Dec. 3 (Korea Bizwire) – In a shift away from luxury brand obsession, South Korea’s younger generation is increasingly adopting a “YONO” (You Only Need One) approach to fashion consumption, prioritizing practicality and versatility over conspicuous consumption. The trend, particularly popular among millennials and Gen Z consumers born between the early 1980s and early 2000s, [...]
SEOUL, Dec. 3 (Korea Bizwire) –Half of the citizens from eight countries regard the unification of South and North Korea as necessary, and North Korea giving up its nuclear weapons is cited as the top prerequisite for unification, a poll showed Tuesday. A total of 50 percent of respondents said the two Koreas should [...]
SEOUL, Dec. 3 (Korea Bizwire) – As South Korea confronts an aging population, discussions around extending the retirement age are gaining momentum in political and corporate circles. While companies remain wary of increased wage burdens, they are exploring flexible approaches to address the issue. The ruling People Power Party has highlighted the urgency of reform. [...]