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S. Korea Unveils ‘Tobacco Endgame’ Plan to Get People to Quit Smoking

S. Korea Unveils ‘Tobacco Endgame’ Plan to Get People to Quit Smoking

SEOUL, May 21 (Korea Bizwire) – South Korea unveiled its “tobacco endgame” plan that calls for adopting uniform, plain packaging for all cigarettes and more graphic warning labels to push people to quit smoking, the government said Tuesday. The comprehensive endeavor, reached by the public health policy review committee, aims to lower the smoking rate [...]

IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

SEOUL, May 20 (Korea Bizwire) — Following the enactment of a new provision that enables value appreciation of chattel mortgages, for items such as factory machinery, when Internet of Things (IoT) systems are in place to manage them, South Korean banks are offering various IoT-based mortgage loan products and services. The Korea Federation of Banks [...]

S. Korean Pharmaceutical Companies in a Prolonged ‘War on Botox’

S. Korean Pharmaceutical Companies in a Prolonged ‘War on Botox’

SEOUL, May 20 (Korea Bizwire) — As the ‘war on botox strains’ is escalating between Medytox Inc. and Daewoong Pharmaceutical Co., the tension between the two companies is becoming worse day by day. Medytox has filed a complaint with the U.S. International Trade Commission (USITC), accusing Daewoong of stealing the company’s botox strains. Daewoong has [...]

S. Korean Drug Maker Penalized for Cutting Supply of Free Vaccines

S. Korean Drug Maker Penalized for Cutting Supply of Free Vaccines

SEOUL, May 17 (Korea Bizwire) — A supplier of tuberculosis vaccines for infants was fined and brought to prosecution for cutting the supply of free vaccines in order to sell expensive vaccine products. The Fair Trade Commission fined Korea Vaccine Co. 990 million won (US$830,000) and filed complaints with the prosecution against company staff for [...]

80 pct of Unmarried Men and Women Want to Date a Non-Korean

80 pct of Unmarried Men and Women Want to Date a Non-Korean

SEOUL, May 17 (Korea Bizwire) — A recent survey has revealed that 8 in 10 unmarried men and women were willing to have a relationship with a non-Korean. Matchmaking agency Duo Info Corp. conducted a survey of 408 unmarried men and women, specifically 197 men and 211 women, and released the results on Thursday. According [...]