SEOUL, Nov. 25 (Korea Bizwire) — South Korea is preparing to sharply loosen restrictions on who may enroll in clinical trials for new cancer drugs, a shift that could give patients earlier access to promising therapies and reshape long-standing practices in oncology care. For years, many cancer patients and their families have confronted a painful paradox: [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korean consumer confidence climbed to its highest level in eight years this month, buoyed by easing trade uncertainty and stronger-than-expected economic data, according to a Bank of Korea survey released Tuesday. The central bank’s Composite Consumer Sentiment Index (CCSI) rose to 112.4 in November, up 2.6 points from October [...]
SEOUL, Nov. 24 (Korea Bizwire) — The International Monetary Fund held its forecast for South Korea’s 2025 economic growth at 0.9%, saying the economy has entered a recovery phase in the second half of the year and is positioned for a more meaningful rebound in 2026, according to the finance ministry. The projection is unchanged from [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean brokerage houses are expanding their workforces for the first time in three years, buoyed by a roaring stock market and renewed momentum in investment banking and digital services. As of the end of September, the nation’s 60 securities firms employed 39,238 people, up 398, or about 1 percent, [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Koreans can now access detailed, government-verified statistics about specific diseases directly through Naver, the country’s dominant search engine, under a new public service launched Sunday. The National Health Insurance Service (NHIS) said it partnered with Naver to make health-care utilization data easily available to the public. When users search [...]
SEOUL, Nov. 24 (Korea Bizwire) — A long-running controversy over price-gouging at Seoul’s iconic Gwangjang Market has escalated into a legal battle, as brick-and-mortar shop owners move to sue street vendors for damages, arguing that repeated scandals have driven customers away and caused significant financial harm. According to interviews conducted by Yonhap News Agency, the Gwangjang [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean authorities plan to expand a safety program for elderly drivers after new data showed more than 70 suspected pedal-misapplication incidents over a three-month period — all prevented by recently installed safety devices. According to the National Police Agency on Sunday, the Korea Transportation Safety Authority analyzed pedal-misoperation prevention [...]
SEOUL, Nov. 24 (Korea Bizwire) — LG Electronics is accelerating its expansion in the Middle East, positioning itself as a key business-to-government (B2G) partner in the Global South as countries in the region pursue large-scale smart-city and infrastructure projects. The South Korean tech company said Sunday that it has signed a strategic partnership with Expo City [...]
SEOUL, Nov. 24 (Korea Bizwire) — Genesis, the luxury marque of Hyundai Motor Group, has been named the “Best Luxury Brand” by U.S. News & World Report, the company said Sunday, marking a major milestone as it continues to elevate its global profile. The recognition comes as the American media outlet announced winners across six categories—luxury, [...]
SEOUL, Nov. 24 (Korea Bizwire) — Despite a global economic downturn and a 14 percent cut to next year’s official development assistance budget, South Korea has pledged US$100 million to the Global Fund to Fight AIDS, Tuberculosis and Malaria—matching its previous commitment and strengthening its standing in international health governance. The announcement was made Friday at [...]