SEOUL, Oct. 2 (Korea Bizwire) – In a bold move towards personalized healthcare, the South Korean government has embarked on a large-scale initiative to build a national biodata bank, aiming to usher in an era of precision medicine. The project, launched in April, seeks to collect and integrate genetic information, clinical data, and lifestyle habits from [...]
SEOUL, Oct. 2 (Korea Bizwire) – In South Korea, prescriptions for methylphenidate, a medication used to treat Attention Deficit Hyperactivity Disorder (ADHD), have skyrocketed in the first half of this year, nearly matching the total number of patients prescribed the drug in all of 2023. This surge comes amid growing misconceptions about the drug as a [...]
SEOUL, Oct. 2 (Korea Bizwire) – The Asiatic black bear, a symbol of South Korea’s efforts to protect endangered species, has been named October’s Endangered Wildlife of the Month by the Ministry of Environment, highlighting a noteworthy conservation success story. Just over two decades ago, these bears, known for the distinctive white crescent on their chests, [...]
YANGYANG, Oct. 2 (Korea Bizwire) – Wild pine mushrooms from Yangyang, South Korea, known as “Yangyang songi,” have shattered price records, selling for an unprecedented 1.6 million won per kilogram. The Yangyang Sokcho Forestry Cooperative reported on October 1 that during the previous day’s auction, top-grade Yangyang songi mushrooms reached this new pinnacle. The auction prices [...]
SEOUL, Oct. 2 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has initiated regulatory action against AliExpress, the popular Chinese online shopping platform, over allegations of false advertising. On September 30, the FTC sent a report detailing potential sanctions to an AliExpress affiliate responsible for product sales. The commission determined that the company’s advertisements, [...]
SEOUL, Oct. 2 (Korea Bizwire) – One in five unemployed South Koreans has been out of work for more than six months, according to recent government data, marking the highest level of long-term unemployment since the aftermath of the 1997-98 Asian financial crisis. Statistics Korea reported that as of August, the number of long-term unemployed individuals [...]
SEOUL, Oct. 1 (Korea Bizwire) – In a significant breakthrough for electric vehicle safety, LG Chem, one of South Korea’s leading chemical companies, has announced the development of a new material that could potentially prevent battery fires by cutting off electrical flow when temperatures rise abnormally. The innovation, described as a “thermal runaway inhibiting [...]
SEOUL, Oct. 1 (Korea Bizwire) –A North Korean defector in his 30s was arrested by South Korean police after attempting to cross the heavily fortified border back into North Korea in a stolen bus. The incident, which occurred in the early hours of October 1, has raised questions about the challenges faced by some North [...]
SEOUL, Oct. 1 (Korea Bizwire) – A recent study by the Bank of Korea suggests that an influx of foreign workers leads to increased employment opportunities for South Korean nationals in the long run, challenging some common perceptions about immigrant labor. The report, titled “The Impact of Foreign Worker Inflow on Regional Labor Markets,” was presented [...]
SEOUL, Oct. 1 (Korea Bizwire) – Jesse Lingard, the former England international now playing for FC Seoul, has expressed deep concern over the state of soccer pitches in South Korea, calling the situation “serious” following a recent K League 1 match. Lingard, who spent much of his career on the manicured fields of the English Premier [...]