SEOUL, Aug. 5 (Korea Bizwire) — Nafamostat, a drug used to treat acute pancreatitis and prevent blood clotting for patients receiving blood dialysis, was found to be effective against COVID-19, the disease caused by the novel coronavirus. Professors Rhee Ji-young and Jang Suk-bin from Dankook University Hospital published an article detailing the use of nafamostat [...]
SEOUL, Aug. 5 (Korea Bizwire) — POSCO, the world’s fifth-biggest steelmaker by output, and other local steel mills plan to cut their crude steel production due to a sharp decline in global steel demand over the coronavirus pandemic, company officials said Wednesday. Earlier this year, POSCO had planned to produce 36.7 million tons of crude [...]
WANDO, Aug. 5 (Korea Bizwire) — Major summer resorts, including beaches in South Korea’s southern regions where the scorching summer heat has arrived in full force, are busy welcoming tourists as the vacation season begins. Among them is Myeongsasimni Beach in Wando County, South Jeolla Province, which has a 570,000 square meter sandy area. Myeongsasimni [...]
GAITHERSBURG, Md., Aug. 4 (Korea Bizwire) — Novavax, Inc. (NASDAQ: NVAX), a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced Phase 1 data from its Phase 1/2 randomized, observer-blinded, placebo-controlled trial of its COVID‑19 vaccine with and without Matrix‑M™ adjuvant in healthy adults 18-59 years of age. NVX‑CoV2373, the Company’s recombinant [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea said Tuesday it has proposed a drive-thru virus test scheme as an international standard, paving the way for the country to share its know-how in the anti-virus fight. The International Organization for Standardization (ISO) has voted in favor of proposing the country’s drive-thru COVID-19 checkup centers as [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean students infected with the novel coronavirus or in self-quarantine can still take the national university entrance exam at separate sites in early December. The Ministry of Education unveiled Tuesday the plan for the College Scholastic Ability Test (CSAT), the country’s biggest academic event of the year, which [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s investment in startups sank more than 17 percent in the first half of the year due to the coronavirus outbreak, government data showed Tuesday. A total of 1.65 trillion won (US$1.38 billion) was invested in promising venture firms and startups in the January-June period, down 17.3 percent [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea said Tuesday it will release data on restaurants that follow sanitary guidelines meant to avoid the spread of the new coronavirus to induce people to dine out more without being excessively concerned about safety. “The data on the safe restaurants will speed up the efforts to prevent [...]
DAEJEON, Aug. 4 (Korea Bizwire) — A new camera has been developed to indicate the location of people who cough or sneeze as an image by recognizing the sound of coughing on a real-time basis, the South Korea’s top engineering and technology university said Monday. The camera is expected to contribute to preventing the spread [...]
SEOUL, Aug. 3 (Korea Bizwire) — About 4,000 cram schools, called hagwon in Korean, across the country have installed a quick response (QR) code-based entry authentication system to help curb the spread of the new coronavirus, the Ministry of Education said Monday. In the Seoul metropolitan area, where QR code-based entry logs are mandatory for [...]