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New Science Magazines Target Adult Readers

New Science Magazines Target Adult Readers

SEOUL, Sept. 19 (Korea Bizwire) – An increasing number of science magazines are being launched in the South Korean publishing industry targeting adult readers, with many experts hopeful that the trend could lead to the expansion of the science literature industry. Among the publishers jumping on the bandwagon of science magazines is EumPublishing, which is [...]

Government Warns Telecom Provider Over Illegal Subsidies for Galaxy Note 8

Government Warns Telecom Provider Over Illegal Subsidies for Galaxy Note 8

SEOUL, Sept. 19 (Korea Bizwire) – The South Korean government has warned one of the country’s major mobile networks over its alleged subsidies to boost sales of Samsung’s latest smartphone, the Galaxy Note 8, a marketing practice prohibited under current legislation. According to the Korea Communications Commission on Monday, the government branch which controls mobile phone [...]

Good Bacteria in Kimchi and Soy Sauce Can Help Fight Diabetes

Good Bacteria in Kimchi and Soy Sauce Can Help Fight Diabetes

SEOUL, Sept. 19 (Korea Bizwire) – South Korean food authorities have announced that probiotics extracted from traditional South Korean food can help prevent diabetes complications. The Korea Food Research Institute made the announcement on Tuesday along with an update on its research into the commercialization of diabetes complication-preventing probiotics, which are extracted from traditional Korean food [...]

AI Speaker Wars, Round 1: Kakao Mini and Naver Wave Fly Off the Shelves

AI Speaker Wars, Round 1: Kakao Mini and Naver Wave Fly Off the Shelves

SEOUL, Sept. 19 (Korea Bizwire) – There are no losers, only winners, in the first round of the AI speaker confrontation between Kakao and Naver, as pre-sales of each tech company’s flagship product were effectively over minutes after they began.  Pre-sales of the Kakao Mini started on September 18 and lasted only 38 minutes. The [...]

No Shortage of Buyers for Lotte Mart’s Chinese Properties

No Shortage of Buyers for Lotte Mart’s Chinese Properties

SEOUL, Sept. 19 (Korea Bizwire) – Lotte Group’s decision to cut its losses on its Lotte Mart business in China is reportedly drawing interest from five to 10 potential buyers, according to sources in the investment banking industry.  Speaking on conditions of anonymity, one source said, “The names of the firms involved in negotiations cannot [...]

SK Chemicals, GSK Awaiting Commercial Sales of Shingles Vaccine

SK Chemicals, GSK Awaiting Commercial Sales of Shingles Vaccine

SEOUL, Sept. 19 (Korea Bizwire) — SK Chemicals Co., a South Korean pharmaceutical and chemical goods manufacturer, and multinational drug firm GlaxoSmithKline Plc. (GSK) are awaiting final approval of their respective herpes zoster vaccines, market watchers said Tuesday. Approval is forecast to shake up the market in a big way, setting up a showdown with [...]