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Majority of South Korean Retirees Make Emotional Investment Decisions

Majority of South Korean Retirees Make Emotional Investment Decisions

SEOUL, Sept. 21 (Korea Bizwire) – A new study has warned that a significant number of South Korean retirees and those soon to be retired are making financial decisions emotionally during their preparation for retirement. According to the study by Prudential Life Insurance Company released on Thursday, the ‘retirement emotion quotient’ among South Koreans aged [...]

Samsung BioLogics Tops Swiss Drug Giant Lonza in Market Cap

Samsung BioLogics Tops Swiss Drug Giant Lonza in Market Cap

SEOUL, Sept. 20 (Korea Bizwire) — South Korean biopharmaceutical maker Samsung BioLogics Co. has overhauled Swiss drug behemoth Lonza in terms of market value though its sales remain dwarfed by the latter’s top line, industry sources said Wednesday. The market capitalization of Samsung BioLogics, a unit of South Korea’s top conglomerate Samsung Group, came to [...]

Good Bacteria in Kimchi and Soy Sauce Can Help Fight Diabetes

Good Bacteria in Kimchi and Soy Sauce Can Help Fight Diabetes

SEOUL, Sept. 19 (Korea Bizwire) – South Korean food authorities have announced that probiotics extracted from traditional South Korean food can help prevent diabetes complications. The Korea Food Research Institute made the announcement on Tuesday along with an update on its research into the commercialization of diabetes complication-preventing probiotics, which are extracted from traditional Korean food [...]

SK Chemicals, GSK Awaiting Commercial Sales of Shingles Vaccine

SK Chemicals, GSK Awaiting Commercial Sales of Shingles Vaccine

SEOUL, Sept. 19 (Korea Bizwire) — SK Chemicals Co., a South Korean pharmaceutical and chemical goods manufacturer, and multinational drug firm GlaxoSmithKline Plc. (GSK) are awaiting final approval of their respective herpes zoster vaccines, market watchers said Tuesday. Approval is forecast to shake up the market in a big way, setting up a showdown with [...]

Weak Employment Conditions Adversely Affects Sex Life among Women: Survey

Weak Employment Conditions Adversely Affects Sex Life among Women: Survey

SEOUL, Sept. 18 (Korea Bizwire) — South Korean women in their 20s and 30s had sex less in 2014 compared with a decade ago, a survey showed Monday, amid high youth unemployment that has led to late marriage and less dating. South Korea’s overall unemployment rate stood at 3.8 percent in June, up 0.2 percentage [...]

Number of Leukemia and Prostate Cancer Patients On the Rise in Taean Since 2007 Oil Spill

Number of Leukemia and Prostate Cancer Patients On the Rise in Taean Since 2007 Oil Spill

TAEAN, Sept. 15 (Korea Bizwire) – Recent data has revealed that the number of leukemia and prostate cancer patients in Taean County has risen drastically since one of the country’s worst oil spills devastated the region in 2007. The worrying data put forward by Choi Gyeong-hwa, the director of information management at the Taean Environmental Health [...]

Health Care Costs for Insured Foreigners Double over 5 years

Health Care Costs for Insured Foreigners Double over 5 years

SEOUL, Sept. 15 (Korea Bizwire) — Health care costs for foreigners covered by South Korea’s state health insurance have more than doubled over the past five years as more subscribe to the scheme, data showed Friday. The total medical cost for covered foreigners came to 553 billion won (US$487 million) last year, up 109 percent [...]

Poor Communication With Physicians Leaves Cancer Patients in the Dark

Poor Communication With Physicians Leaves Cancer Patients in the Dark

SEOUL, Sept. 13 (Korea Bizwire) – According to a survey conducted by the National Cancer Center on 750 couples of cancer patients and their guardians at 13 cancer hospitals nationwide, four out of ten cancer patients don’t have accurate information regarding their clinical stage, indicating the progress of their disease. On top of that, when [...]