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 [...]
SEOUL, May 21 (Korea Bizwire) – Energy-to-telecom conglomerate SK Group on Tuesday unveiled a system to measure the social value created by its affiliates, emphasizing its new business philosophy to share benefits with society. Social value refers to the achievements of a company in resolving various social issues, such as pollution and jobs, through its [...]
SEOUL, May 21 (Korea Bizwire) — The number of South Korean companies raising or processing insects for foodstuffs, pets and other purposes grew threefold in 2018 from three years earlier, data showed Tuesday. According to the data compiled by the Ministry of Agriculture, Food and Rural Affairs, the number of insect companies in the country [...]
ANDONG, May 21 (Korea Bizwire) — In an apartment in Andong, North Gyeongsang Province, residents have been raising a pet pig weighing 300 kilograms, prompting administrative authorities to rescue the pig. The rescue came at the request of the pig’s owners, who were unable to bring the pig out of their home due to its [...]
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 [...]
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 [...]
SEOUL, May 20 (Korea Bizwire) — If the meat that one eats is from an animal that has died a miserable death while screaming for mercy, then one surely cannot fully enjoy the taste, regardless of how good it is. An online article penned by animal columnist Chae Hee-kyung criticizing the anesthetic-free physical castration that [...]
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 [...]
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 [...]
SEOUL, May 17 (Korea Bizwire) — Only one out of three businesses have created an environment where employees are free to apply for parental leave to take care of their children. According to a survey released by the Ministry of Employment and Labor on Thursday, only 34.3 percent of workers responded that they were “free [...]