Seeks to Boost Exports Fivefold and Create Global Veterinary Drug Champions SEOUL, April 2 (Korea Bizwire) — South Korea will work to triple the size of the animal medicine market to 4 trillion won (US$2.7 billion) by 2035 as part of efforts to foster new growth engines for the economy, the agriculture ministry said Wednesday. [...]
SEOUL, April 2 (Korea Bizwire) — Supplements marketed as promoting hair growth and preventing hair loss—particularly those containing brewer’s yeast and biotin—have no scientific basis for their claims, according to a new investigation by South Korea’s consumer watchdog. The Korea Consumer Agency (KCA) announced on Tuesday that it reviewed 30 hair health products sold online and [...]
WASHINGTON, March 31 1(Korea Bizwire) — The U.S. Trade Representative (USTR) on Monday released an annual report on foreign trade barriers that listed South Korea’s “offset” defense trade policy, emission-related regulations on imported cars and pricing policies for pharmaceuticals to name a few. The Office of the USTR issued the 2025 National Trade Estimate Report [...]
SEOUL, April 1(Korea Bizwire) — The country’s financial watchdog on Tuesday raised questions over the circumstances surrounding Homeplus Co.’s debt sale and filing for court rehabilitation and called on private equity firm MBK Partners Ltd. to be more responsible for the retailer’s fiasco. The Financial Supervisory Service (FSS) has been inspecting MBK Partners, which controls [...]
SEOUL, March 31 (Korea Bizwire) — Students at nearly half of medical schools across the country returned to class as the government-imposed deadline for reinstatement is set to expire Monday, according to educational sources. Among 40 medical schools nationwide, 19 had all of its students, who have been on leave of absence en masse, complete [...]
SEOUL, March 31 (Korea Bizwire) — The Seoul Metropolitan Office of Education has enacted a new ordinance prohibiting animal dissections at elementary, middle, and high schools across the city, marking a significant shift in science education practices. The amendment to the “Seoul Metropolitan Office of Education’s Ordinance on Animal Abuse Prevention Education and Support,” announced on March [...]
SEOUL, March 30 (Korea Bizwire) — South Korea officially rolled out its high school credit system this month, transforming the educational landscape by allowing students to customize their coursework much like university students. The program, long in development, aims to foster individualized learning paths and better align education with students’ career aspirations. At Dangok High [...]
SEOUL, March 26 (Korea Bizwire) — As South Korea’s medical school boycott stretches beyond its first year, frustration is mounting across university campuses over what many students view as unprecedented leniency toward their peers in medical schools. “There’s nothing that puts medical students above the law, so why are they getting such special treatment?” says [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s Supreme Court Sentencing Commission announced on Tuesday new sentencing guidelines aimed at strengthening penalties for animal abuse, sexual offenses, large-scale fraud, and violations of electronic financial transaction laws. The updated guidelines, finalized during the commission’s 137th meeting on March 24, 2025, will apply to crimes prosecuted from [...]
SEOUL, March 26 (Korea Bizwire) – The government will join hands with export-related agencies to provide “all-out” support to South Korean companies in export business, the industry ministry said Wednesday. The Ministry of Trade, Industry and Energy held a joint conference in Seoul with various export-related agencies, including the Korea Customs Service, the Korean Intellectual [...]