SEOUL, July 21 (Korea Bizwire) — South Korea’s SK Bioscience inked a deal with global pharmaceutical company AstraZeneca to supply a candidate material for a coronavirus vaccine, the local biotech company said Tuesday. The letter of intent (LOI) reached between the two companies and the Ministry of Health and Welfare calls for close cooperation on [...]
SEOUL, July 21 (Korea Bizwire) — The number of attendees at the South Korean box office during the first half of the year plunged 70 percent on-year, reaching its lowest level since 2005, as cinemas were shunned by the public over concerns of COVID-19 infections, data showed Tuesday. According to the Korean Film Council’s biannual [...]
SEOUL, July 21 (Korea Bizwire) — The South Korean government on Tuesday designated Aug. 17 as a temporary national holiday, allowing workers in the nation to have three consecutive days off during the summer season that’s feared to be dampened by the drawn-out fight against the novel coronavirus. The Cabinet approved the plan to add [...]
INCHEON, July 21 (Korea Bizwire) — South Korean city Incheon’s iconic summer events — rock and beer festivals — will likely be delayed for several months or canceled this year due to the coronavirus outbreak, municipal officials said Tuesday. The Pentaport Rock Festival and the Songdo Beer Festival, which were held annually in August in [...]
SEOUL, July 21 (Korea Bizwire) – The postal service is in crisis. Still reeling from the far-reaching digital transformation, the traditional mail service is on the brink of collapse, due to the popularity of non-face-to-face correspondence resulting from the COVID-19 pandemic. According to statistics revealed on Monday by Korea Post, responsible for the nation’s postal [...]
SEOUL, July 21 (Korea Bizwire) — An experiment has showed that the installation of transparent partitions is effective in preventing the spread of infectious diseases. The state-run Korea Institute of Energy Technology Evaluation and Planning (KETEP) revealed on Monday that it carried out an in-house experiment that confirmed that a transparent partition with a height [...]
GAITHERSBURG, Md., July 20 (Korea Bizwire) — Novavax, Inc. (NASDAQ: NVAX), a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced that Gregory M. Glenn, M.D., President of Research and Development, will present progress of NVX-CoV2373, Novavax’ COVID-19 vaccine candidate, at the 2nd International Society for Vaccines Virtual Congress. Dr. Glenn’s presentation will [...]
SEOUL, July 20 (Korea Bizwire) — Celltrion, a leading pharmaceutical firm in South Korea, said Monday that it is preparing to start commercial production of its antibody treatment for the new coronavirus as early as September. Celltrion plans to begin the production of its antiviral antibody treatment for the COVID-19 virus at its plant in [...]
SEOUL, July 20 (Korea Bizwire) — Six months have passed since the first case of COVID-19 was confirmed in South Korea. The ceaseless effort from medical staff nationwide has resulted in a relatively low number of infections and lower fatality rate in the country compared to many of its peers. Among the many unsung heroes [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s mail volume fell at the biggest-ever pace in the first half of the year as the coronavirus outbreak sharply reduced demand, data showed Monday. Mail volume in Asia’s fourth-largest economy came to 1.59 billion pieces during the January-June period, down 8.9 percent from a year earlier, according [...]