Singapore, April 6 (Korea Bizwire) – Advanced MedTech Holdings (AMTH) announced the results of a simulation study conducted by Singapore General Hospital (SGH) in November 2020 showing that Alpha ventilators may offer efficiencies to hospitals during a pandemic. The Hospital had designed scenarios to simulate an infectious COVID-19 patient’s journey – from onset of symptoms to [...]
SEOUL, April 5 (Korea Bizwire) — Cosmetics brand “road shops” – street-level retail shops with storefronts – have shut down in considerable numbers as the coronavirus continues to take a toll on the cosmetics industry. The Korea Fair Trade Commission reported that Missha, a South Korean budget cosmetic brand, shut down 164 road shops last [...]
SEOUL, April 5 (Korea Bizwire) — Daily transactions of internet banking services in South Korea rose 20.6 percent last year as customers preferred using financial services in a non-contact manner amid the pandemic, central bank data showed Monday. The value of daily transactions via online banking, including mobile banking, reached 58.7 trillion won (US$52 billion) [...]
SEOUL, April 5 (Korea Bizwire) — Casino operators in South Korea chalked up huge losses in 2020 as the coronavirus pandemic sent the number of visitors plunging, data showed Monday. State-run casino operator Kangwon Land Inc. registered an operating loss of 431.6 billion won (US$382 million) last year, a sharp turnaround from an operating profit [...]
SEOUL, April 4 (Korea Bizwire) — South Korea’s consumption of petroleum declined to a five-year low last year amid the pandemic, data showed Sunday. The country’s consumption of petroleum reached 878 million barrels last year, down 5.8 percent from the previous year, according to Korea National Oil Corp. The tally marked the lowest since 2015, [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s jobless rate hit a 19-year high last year amid the pandemic, and women faced tougher job market situations than men, a report showed Thursday. The country’s unemployment rate reached 4 percent last year, up from 3.8 percent the previous year and the highest since 2001, according to [...]
SEOUL, March 31 (Korea Bizwire) — Noise complaints surged more than 60 percent last year, as people spend more time at home amid the COVID-19 pandemic, a state environment promotion agency said Wednesday. Korea Environment Corp. (KECO) said its hotline dedicated to the matter received 42,250 complaints in total last year, a 60.9 percent year-on-year [...]
SEOUL, March 30 (Korea Bizwire) — The number of South Koreans who seek consolation by cultivating small vegetable gardens or growing companion plants on rooftops or balconies is on the rise. In a nutshell, they are ‘farming’ using small outdoor spaces like balconies inside apartments. In the midst of an increase in the amount of [...]
SAMCHEOK, March 29 (Korea Bizwire) — Municipal officials in Samcheok, Gangwon Province have opted to cancel the city’s canola flower festival for the second straight year due to the coronavirus pandemic. Samcheok’s Geundeok region used to be filled with yellow canola flowers along the old National Highway No. 7, looking over the sea, every April. [...]
SEOUL, March 29 (Korea Bizwire) — More than 95 percent of the self-employed and mom-and-pop businesses have suffered a drop in sales since the outset of the coronavirus pandemic, a new survey by an association of the self-employed showed Monday. The association held a press conference in front of Seoul City Hall to release the [...]