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Three-fourths of Korean Big Firms Use Flextime amid Coronavirus

Three-fourths of Korean Big Firms Use Flextime amid Coronavirus

SEOUL, July 20 (Korea Bizwire) – Three-fourths of large companies in South Korea are resorting to flextime in the wake of the coronavirus pandemic, a poll showed Monday. According to the survey of 120 big businesses concerned, 75 percent of the respondents said they have newly adopted or expanded flextime due to the COVID-19 outbreak. [...]

Local Governments Pushing to Hand Out Additional Pandemic Relief Money

Local Governments Pushing to Hand Out Additional Pandemic Relief Money

SEOUL, July 18 (Korea Bizwire) — Several local governments are again planning to dole out pandemic relief funds to help their residents cope with the economic impact of the coronavirus outbreak, informed officials said Saturday. The government of Daegu, the city hit hard by a massive COVID-19 outbreak months earlier, announced a plan earlier this [...]

S. Korea Approves Phase 1 Trials for Celltrion’s COVID-19 Treatment Substance

S. Korea Approves Phase 1 Trials for Celltrion’s COVID-19 Treatment Substance

SEOUL, July 17 (Korea Bizwire) — South Korea approved phase one clinical trials for Celltrion Inc.’s coronavirus antibody treatment substance, the country’s drug safety agency said Friday. The move to test CT-P59 marks the first time that a locally made genetic recombination antibody treatment material has been given the green light to be used on [...]

Taxis for Overseas Passengers Help Quarantine Effort

Taxis for Overseas Passengers Help Quarantine Effort

INCHEON, July 16 (Korea Bizwire) — As coronavirus patients continue to flow from overseas into South Korea, public taxis exclusively available for people arriving from foreign destinations are making a significant contribution to quarantine efforts. Currently, the city of Incheon operates 139 taxis for people coming from overseas, taking them across Incheon and Gyeonggi area. [...]

After Six Months, Pandemic Accelerates Arrival of Contactless Future in S. Korea

After Six Months, Pandemic Accelerates Arrival of Contactless Future in S. Korea

SEOUL, July 16 (Korea Bizwire) — Six months after the first COVID-19 case was reported in South Korea, social distancing and travel limitations are accelerating the arrival of a technology-powered contactless future in the country. Looking back, the country’s intensive efforts to cut down human contact to contain the pandemic, while keeping business active, have [...]

6 Months After Virus Outbreak, S. Korean Economy Gears Up for Big Jump

6 Months After Virus Outbreak, S. Korean Economy Gears Up for Big Jump

SEJONG, July 16 (Korea Bizwire) — In the six months after the new coronavirus was first reported in South Korea, the virus outbreak has battered the nation’s exports and depressed local consumption, with health experts warning that the highly contagious disease may not disappear in the coming months. The pandemic has brought the global economy [...]