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Insurers Launch Policies for Autonomous Vehicles

Insurers Launch Policies for Autonomous Vehicles

SEOUL, Sept. 18 (Korea Bizwire) — South Korean insurance companies will start selling autonomous car-related insurance products from late this month, the financial watchdog said Thursday. The Financial Supervisory Service announced that the nation’s 12 non-life insurance companies will start selling new insurance products that can cover the risk related to accidents involving commercial self-driving [...]

Patients with Diabetes for Longer Duration Have a Higher Risk of Parkinson’s Disease

Patients with Diabetes for Longer Duration Have a Higher Risk of Parkinson’s Disease

SEOUL, Sept. 18 (Korea Bizwire) — A recent study has shown that the people with diabetes for longer periods of time have a higher risk of developing Parkinson’s disease. Rhee Sang-youl, a professor at Kyung Hee University Hospital, revealed on Thursday that this fact was confirmed after analyzing the correlation between the duration of diabetes [...]

Researchers Develop Simple Way to Remove Radioactive Pollutants

Researchers Develop Simple Way to Remove Radioactive Pollutants

SEOUL, Sept. 17 (Korea Bizwire) — A South Korean research team has developed new technology that can decontaminate the surface of radioactive polluted buildings simply by spraying a hydrogel-based spray coater and washing it with water. The Korea Atomic Energy Research Institute announced on Wednesday that it had developed a hydrogel-based surface decontamination coater that [...]

Senior Care Food Gains Popularity with Aging Population

Senior Care Food Gains Popularity with Aging Population

SEOUL, Sept. 17 (Korea Bizwire) — Food manufacturers are jumping into the care food business for seniors as customized meal products for seniors are expected to grow in demand alongside an aging population. Pulmuone Foodmerce, the distribution arm of South Korean food producer Pulmuone Co, signed a memorandum of understanding with Aria Care Korea, an [...]

Delivery Apps Compete Over Instant Delivery Services

Delivery Apps Compete Over Instant Delivery Services

SEOUL, Sept. 17 (Korea Bizwire) — Germany-based online delivery service provider Delivery Hero, the operator of South Korea’s second-biggest food delivery app Yogiyo, introduced a new delivery service Yomart on Wednesday. Delivery Hero Stores Korea, a sister company to Delivery Hero, offers quick commerce (Q-Commerce) services based on warehouses located in the heart of the [...]

Non-life Insurance Product to Cover Infectious Diseases Available in 2021

Non-life Insurance Product to Cover Infectious Diseases Available in 2021

SEOUL, Sept. 17 (Korea Bizwire) — A new non-life insurance product to compensate individuals and businesses for financial losses caused by the spread of infectious disease like COVID-19 is expected to be available late next year. The Korea Insurance Development Institute (KIDI) announced on Wednesday that it had started developing an infectious disease risk evaluation [...]