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Chinese Temporary Residents Buy Up Expensive Drugs at a Discount; South Korea Pays the Rest

Chinese Temporary Residents Buy Up Expensive Drugs at a Discount; South Korea Pays the Rest

SEOUL, Oct. 19 (Korea Bizwire) – A National Health Insurance Service (NHIS) report submitted to the National Assembly’s Health and Welfare Committee on October 18 revealed that from 2013 through September of this year, the NHIS subsidized 18.9 billion won in hepatitis C treatment for foreign nationals. From 2013 to 2015, annual subsidies ranged from [...]

S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

SEOUL, Oct. 19 (Korea Bizwire) — South Korean washers topped product reviews by major U.S. consumer evaluators, industry watchers said Thursday, as Washington’s trade commission moves to take protectionist steps. Earlier this month, the U.S. International Trade Commission (ITC) determined that products made by Samsung Electronics Co. and LG Electronics Inc. are exerting an adverse [...]

Vrije Universiteit Brussel and the Korea Foundation Launch Europe’s First Ever Korea Chair Position

Vrije Universiteit Brussel and the Korea Foundation Launch Europe’s First Ever Korea Chair Position

BRUSSELS, Oct. 18 (Korea Bizwire) – Korea Chair positions have been introduced at U.S.-based universities and think tanks, but the one at the Institute for European Studies at the Vrije Universiteit Brussel (VUB) marks the first time the role has been created in Europe. Dr. Ramon Pardo of the Department of European and International Studies [...]

S. Korea, U.S., Japan Agree to Seek All Possible Diplomatic Options on N.K.

S. Korea, U.S., Japan Agree to Seek All Possible Diplomatic Options on N.K.

SEOUL, Oct. 18 (Korea Bizwire) – Senior diplomats from South Korea, the United States and Japan agreed Wednesday to seek all possible diplomatic options for peacefully and completely resolving the issue of North Korea’s nuclear program. South Korea’s Vice Foreign Minister Lim Sung-nam hosted trilateral talks in Seoul with U.S. Deputy Secretary of State John Sullivan and Japanese Vice Foreign Minister Shinsuke Sugiyama. “We [...]

Live Lizard Discovered in Shipping Container Raises Questions Over Cargo Screening

Live Lizard Discovered in Shipping Container Raises Questions Over Cargo Screening

ANSAN, Oct. 18 (Korea Bizwire) – Emergency quarantine protocols were put in place at the Port of Busan after foreign red fire ants were discovered at a nearby open-air yard for shipping containers late last month.  Questions over whether the protocols need to be expanded have been raised after a live lizard was discovered inside [...]

Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

Foreigners Sell S. Korean Stocks and Bonds for Second Straight Month over N. Korea Risks

SEOUL, Oct. 18 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea (BOK) said. It marked the second [...]

Ban Off-hour Messaging? Koreans Embrace Right to Disconnect as Part of Work Culture Reform

Ban Off-hour Messaging? Koreans Embrace Right to Disconnect as Part of Work Culture Reform

SEOUL, Oct. 18 (Korea Bizwire) — Lim Ji-yeon, a working mother of two living in western Seoul, is constantly haunted by mobile phone messages from her clients, which often come even after office hours and disrupt her free time and private life. “Can’t we just make after-hour messaging illegal so that it would at least [...]