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S. East Asian Online Shopping Market to Grow Sharply: Report

S. East Asian Online Shopping Market to Grow Sharply: Report

SEOUL, Jun. 19 (Korea Bizwire) — Southeast Asia’s online market is expected to expand sharply backed by the region’s huge population, which serves as a good business opportunity for South Korean companies, a report showed Sunday. In the report, the Korea Trade-Investment Promotion Agency (KOTRA) said the region’s online shopping market has been growing at [...]

Scientists Develop New Drug Treatment for Cancer

Scientists Develop New Drug Treatment for Cancer

SEOUL, Jun. 16 (Korea Bizwire) — A group of South Korean medical researchers developed a new type of anti-cancer immune material derived from a plant, the science ministry said Thursday, opening up new treatment opportunities for patients. The team, led by Lee Chang-hwan of Ulsan University, developed the new substance made from the plant named [...]

Sales of Bottled Water Surge 16 pct in 2016

Sales of Bottled Water Surge 16 pct in 2016

SEOUL, Jun. 15 (Korea Bizwire) — South Korea’s bottled water market was valued at 740 billion won (US$656 million) last year, up 15.5 percent from the previous year amid the increase in the number of one-person households and demand for clean water, industry data showed Wednesday. According to the data from Nielson Korea, some 640 [...]

Pension Fund Subscribers to Decline from 2019 Due to Falling Population

Pension Fund Subscribers to Decline from 2019 Due to Falling Population

SEOUL, Jun. 15 (Korea Bizwire) — The number of national pension fund subscribers will begin falling in 2019 after peaking next year due to the declining economically active population, a report said Wednesday. The figure is expected to rise to 21.89 million this year and 21.93 million in 2018 from 21.83 million in 2016 before [...]

Endometriosis Patient Numbers on Rise Due to Late Marriage, Childbirths: Data

Endometriosis Patient Numbers on Rise Due to Late Marriage, Childbirths: Data

SEOUL, Jun. 14 (Korea Bizwire) — The number of endometriosis patients rose sharply in recent years due to late marriage and childbirths, stress and irregular lifestyles, with most of those affected in their 30s and 40s, data showed Tuesday. The number of those who were diagnosed as endometriosis patients by CHA Gangnam Medical Center in [...]

S. Korean Firms Face Protectionism in Major Markets: KITA

S. Korean Firms Face Protectionism in Major Markets: KITA

SEOUL, Jun. 13 (Korea Bizwire) — South Korean companies are increasingly facing protectionist measures in major export markets such as the United States and China, the state trade promotion agency said Monday. A total of 30 countries have taken import restrictive measures against South Korean-made products, largely steel and metal goods, or have engaged in [...]

‘Mummy’ and ‘Villainess’ Beat ‘Wonder Woman’ in S. Korean Weekend Box Office

‘Mummy’ and ‘Villainess’ Beat ‘Wonder Woman’ in S. Korean Weekend Box Office

SEOUL, Jun. 13 (Korea Bizwire) — Tom Cruise wielded unrivaled influence on the South Korean box office over the weekend. His new action blockbuster “The Mummy” topped the weekend box office, drawing 1.128 million cinemagoers to 1,254 screens around the country, according to figures from the Korean Film Council (KOFIC).’ The movie’s accumulated ticket sales [...]