SEOUL, Jan. 9 (Korea Bizwire) — Starting February 7, 2025, South Korea will prohibit medical professionals, including doctors and dentists, from prescribing narcotics such as propofol for their personal use. The Ministry of Food and Drug Safety (MFDS) announced the implementation of this “Self-Prescription Ban on Medical Narcotics” on January 22. The new regulation, aimed at [...]
SEOUL, Jan. 22 (Korea Bizwire) — Statistics Korea announced plans on January 21 to develop a groundbreaking Population Dynamics Panel Statistics project that will examine how economic and social factors influence marriage and childbirth decisions among different age groups. The new study will track life events of individuals born between 1983 and 1995, analyzing how factors [...]
SEOUL, Jan. 22 (Korea Bizwire) – South Korea’s defense technologies were assessed to be the world’s eighth most advanced as of last year, moving up one notch from the previous review, a triennial government report showed Wednesday. In comparison to the United States, which topped the list of 16 nations, the level of South Korea’s [...]
SEOUL, Jan. 22 (Korea Bizwire) — Over 1.34 million South Koreans are expected to travel overseas during the upcoming Lunar New Year holiday, when many will likely take extra leave to further extend the period to up to 10 days, according to industry data Wednesday. According to the data from the Incheon International Airport Corp. [...]
SEOUL, Jan. 22 (Korea Bizwire) — The number of female independent directors at South Korea’s top 100 companies continued to grow in 2024, a report showed Wednesday. The number of female outside directors at the top 100 firms by sales came to 100 as of end-September, accounting for 24.2 percent of the total 454, according [...]
SEOUL, Jan. 22 (Korea Bizwire) — A surge in Chinese exports is stoking tensions across the global industrial landscape, as countries worldwide grapple with an influx of low-priced Chinese goods that many say is disrupting their domestic markets. China’s customs authority reported that exports reached a record 25.5 trillion yuan in 2024, jumping more than 7% [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea was suffocated by thick ultrafine dust for the second day in a row on Wednesday, prompting authorities to regulate the operations of government-owned vehicles, coal power plants and other large-scale dust emission facilities. Due to the continued influx of fine dust from abroad, the density of ultrafine [...]
SEOUL, Jan. 22 (Korea Bizwire) — Acting President Choi Sang-mok said Wednesday that police officers will be stationed at courts, including the Constitutional Court, on a 24-hour basis to ensure security amid heightened tensions following the impeachment of President Yoon Suk Yeol. The announcement comes after supporters of the impeached president stormed the Seoul Western [...]
SEOUL, Jan. 22 (Korea Bizwire) — Impeached Prime Minister Han Duck-soo underwent questioning by prosecutors earlier this week as part of their probe into the short-lived imposition of martial law last month, judicial sources said Wednesday. Han appeared before the prosecution’s special investigation team Tuesday as a suspect in the case, according to the sources. [...]
SEJONG, Jan. 22 (Korea Bizwire) – South Korea’s standards agency unveiled a blueprint Wednesday for enhancing its monitoring of children’s products sold on overseas shopping platforms amid growing concerns over the influx of goods that fail to meet local safety standards. The plan, which will run through 2027, comes amid growing demand for children’s products [...]