SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s medical community is escalating its confrontation with the Lee Jae-myung administration and the National Assembly over a set of health-care policy proposals that physicians argue threaten patient safety and undermine established medical standards. At the center of the dispute are three initiatives: mandatory ingredient-based prescriptions, stricter oversight of [...]
SEOUL, Nov. 18 (Korea Bizwire) — LG Electronics has introduced a new home ventilation system designed to improve indoor air quality in increasingly airtight residential spaces, as South Korea moves into the winter heating season and concerns over fine dust persist. The company said Tuesday it will launch LG Premium Ventilation Plus, a system that filters [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s Health Insurance Review and Assessment Service (HIRA) on Monday launched a new centralized platform designed to bring unprecedented transparency to financial interactions between pharmaceutical and medical device companies and healthcare professionals. The “Expense Report Management System,” formally opening Nov. 17, is the country’s first unified public database allowing [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s consumer goods exports—long considered a supporting player to the country’s heavyweight industries—are rapidly emerging as a new growth engine, fueled by the global spread of Hallyu and the runaway popularity of titles like the animated film K-Pop Demon Hunters. Government data show that exports of K-food, K-beauty, and [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Motor Group is moving to strengthen its defenses against mounting cyber threats, establishing a new group-wide control tower and sharply increasing investments in information security amid a wave of high-profile hacking incidents in South Korea. According to industry officials on Tuesday, the conglomerate recently created the Group Cyber Threat [...]
SEOUL, Nov. 18 (Korea Bizwire) — North Korea on Tuesday issued its first official response to last week’s U.S.–South Korea summit, denouncing the joint fact sheet and Security Consultative Meeting (SCM) statement as fresh evidence of what it called Washington and Seoul’s “hostile and confrontational intent.” In a lengthy commentary carried by the Korean Central News [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s long-term unemployment has climbed to its highest level in four years, driven largely by a surge in jobless young adults with university degrees, according to new government data released Sunday. The number of people who searched for work for more than six months but failed to secure a [...]
SEOUL, Nov. 17 (Korea Bizwire) — Many South Korean fathers envision themselves as warm, engaged, “friend-like” parents before having children. But once parenting begins, most find themselves becoming something very different: busy, tired, and time-starved. A new survey released Sunday by the Korea Population, Health and Welfare Association, KoPHWA) shows a wide gap between the fathers [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean retailers are increasingly turning to character-based intellectual property to differentiate products and drive sales, with convenience stores and department stores intensifying competition through collaborations with popular global and domestic characters. According to industry data released Friday, convenience stores saw sharp sales gains during this year’s Pepero Day shopping [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean biotechnology firms are securing multibillion-dollar licensing deals at a rapid pace, underscoring the rising global competitiveness of the country’s drug-development platforms. According to industry data released Sunday, ABL Bio recently signed a technology-transfer agreement with Eli Lilly for its “GrabBody” bispecific antibody platform, a deal worth up to [...]