SEOUL, June 3 (Korea Bizwire) — South Korea said Wednesday that it will invest 100 billion won (US$82.15 million) in developing treatments and vaccines for the novel coronavirus to focus mainly on supporting research on treatment using plasma, antibody treatment and finding efficacy in existing drugs. “The government and private companies both will cooperate to [...]
SEOUL, June 3 (Korea Bizwire) — South Korea on Wednesday approved the use of remdesivir as a treatment drug for the new coronavirus, paving the way for inbound shipments of the new drug for the first time. The Ministry of Food and Drug Safety said it has decided to allow special imports of the drug [...]
SEJONG, June 3 (Korea Bizwire) — Online shopping jumped 12.5 percent from a year earlier in April, data showed Wednesday, as the coronavirus pandemic prompted consumers to buy more goods via e-commerce platforms. The value of online transactions came to 12.26 trillion won (US$9.98 billion) in the month, up 1.3 trillion won from the same [...]
SEOUL/DAEJEON, June 3 (Korea Bizwire) — Three days into the government’s experiment of using quick response (QR) code-based registrations at risky facilities, business owners and visitors have shown mixed responses over the scheme aimed at better tracking and containing the new coronavirus. On Monday, the government launched a weeklong test into QR code entry logs [...]
CHEONGJU, June 3 (Korea Bizwire) — A homemaker (38) living in Cheongju, 140 kilometers south of Seoul, feels uncomfortable whenever the time comes for her daughter – a second grade elementary school student – to go to school. She always has to nag at her daughter not to take off her mask in school. In [...]
SEOUL, June 2 (Korea Bizwire) — South Korea’s movie industry is expected to extend its earnings slump to the second quarter of this year due to the new coronavirus pandemic, analysts said Tuesday. Since the first COVID-19 case here on Jan. 20, the outbreak has led to a sharp decline in the number of moviegoers [...]
BUSAN, June 2 (Korea Bizwire) — As the coronavirus continues to spread from the Greater Seoul Metropolitan Area, some 260 beaches across the country are planning to open up by July. Haeundae Beach in the southeastern port city of Busan, which opened on Monday, was seen without parasols and tube rent shops that typically decorate [...]
SEOUL, June 2 (Korea Bizwire) — The Ministry of Justice announced Monday that foreign spouses of South Korean citizens who entered the country on short-term visas may be temporarily allowed to change to F-6 visas for marriage immigrants. The new measure comes as entry restrictions imposed following the coronavirus outbreak have made it difficult for [...]
SEOUL, June 2 (Korea Bizwire) — A recent survey has revealed that three out of four salaried people in their 30s and 40s are worrying about losing their job due to the deterioration of the business environment resulting from the coronavirus pandemic. JobKorea, a job portal site in South Korea, carried out a survey of [...]
SEJONG, June 1 (Korea Bizwire) — South Korea’s economic policies to deal with the post-pandemic recovery will be backed by its “Korean-version New Deal” project that will help the nation create new growth engines and jobs once the COVID-19 outbreak wanes. The project is one of the key components in the country’s economic policy for [...]