SEOUL, Sept. 15 (Korea Bizwire) — Online drug trafficking spiked last year, data showed Wednesday, probably due to the continued spread of the internet and COVID-19. The data from the National Police Agency said 2,608 people were detained last year for trading drugs online. The corresponding figures stood at 1,120 in 2016, 1,100 in 2017, [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korean drug and biopharmaceutical companies have recorded stellar performances this year despite the coronavirus pandemic, data showed Monday. Nine local pharmaceutical firms struck 14 technology export deals worth 10.15 trillion won (US$9.2 billion) this year, up 19 percent from a year earlier, according to the Korea Pharmaceutical and [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s customs agency said Friday it will take strong measures against drug smuggling after it confiscated more than 100 kilograms of methamphetamine in 2019. South Korea seized 116.7 kg of methamphetamine, a common illegal substance, also known as Philopon, last year, according to the Korea Customs Service (KCS). [...]
SEOUL, Sept. 23 (Korea Bizwire) — The number of drug offenders in South Korea has been on a gradual increase, with more teenagers committing the illegal act, data showed Monday. According to the data obtained from the National Police Agency by Rep. Kim Young-ho for a parliamentary inspection, a total of 40,182 people were arrested [...]
LONDON and STAINES-UPON-THAMES, United Kingdom, Jul. 18 (Korea Bizwire) — Mallinckrodt plc (NYSE: MNK), a global biopharmaceutical company, and Silence Therapeutics plc (LON: SLN), a leader in the discovery, development and delivery of novel RNA2 interference (RNAi) therapeutics for the treatment of serious diseases, today announced a collaboration that will allow the companies to develop [...]
SEOUL, Feb. 18 (Korea Bizwire) — An employee at a nightclub affiliated with a famous K-pop singer has been detained in connection with suspected using and trafficking of drugs, police said Monday. A Seoul court approved the warrant Sunday to hold the suspect, whose identity is withheld, under custody, the Seoul Metropolitan Police Agency said. [...]
SEOUL, Jan. 22 (Korea Bizwire) — Exports of drug-manufacturing technologies by South Korean pharmaceutical and bio companies reached nearly 5.3 trillion won (US$4.7 billion) in 2018 thanks to their efforts to tap into overseas markets, government data showed Tuesday. According to the data by the Ministry of Health and Welfare, industry player Yuhan Corp. and [...]
SEOUL, Jan. 14 (Korea Bizwire) — According to the pharmaceutical industry on January 13, major South Korean biopharmaceutical companies including Yuhan Corp. and LG Chem Ltd. are building a foothold in Boston. The plan is to use city, the world’s largest bio-cluster, as a base for open innovation. Yuhan has already established a legal entity [...]
SEOUL, Dec. 24 (Korea Bizwire) — A number of South Koreans have been arrested for selling drugs such as methamphetamine, marijuana and LSD on the Dark Web, where it is difficult to track IP address. While drug sales via SNS have increased, this is the first time for the prosecutors to apprehend operators of Dark [...]
SEOUL, Oct. 15 (Korea Bizwire) – South Korean police said Monday they have busted the largest-ever operation to smuggle drugs into the country, a scheme they say involves Taiwanese and Japanese organized crime rings and Korean dealers. Six people were arrested in the attempted trafficking of 112 kilograms of methamphetamine, an amount that is enough to be [...]