SK Bioscience announced on Sept. 17 that it started the export of approximately 250,000 doses of SKY Cellflu, a cell culture-derived flu vaccine, to Asian countries without self-developed flu vaccines such as Thailand, Malaysia, Singapore and Mongolia. The company is planning to export the vaccine t

An increasing number of blockchain app marketplaces, which gather blockchain-based decentralized applications (dapps) to help users download them at one sitting and provide usage data, are attracting funding from major investment companies.Considering the fact that mobile apps enjoyed a boom followi

Food prices in Seoul are higher than those in New York and Tokyo, according to a cost of living comparison among cities around the world.Seoul posted 105.01, sixth-highest among 375 cities around the world, in the food price category of the Numbeo index. The index is based on consumer prices in New

As part of its annual Shackleton Lecture Series, Dulwich College Seoul welcomed Welsh adventurer Ash Dykes, who spoke on his incredible journey as the first person to walk the full length of the Yangtze River.On the 4,000-mile (6,400 km) trek, which he completed on Aug. 12, the 28-year-old Dykes exp

South Korean electronics giant Samsung Electronics Co. and chat giant Kakao Corp. have joined hands to expand the blockchain ecosystem. The two companies will release the so-called “KlaytnPhone” integrating Samsung Electronics’ Galaxy Note 10 and Kakao’s blockchain platform Klaytn.Kakao announced on

The South Korean government is considering lowering its foreign currency remittance reporting criteria from over US$10,000 a year in order to prevent YouTubers from evading taxes.Specifically, the National Tax Service is currently discussing with related government agencies the downward adjustment o

Korea Shipbuilding & Offshore Engineering, a subsidiary of Hyundai Heavy Industries Holdings, announced on Sep. 4 that it started discussions with the Japan Fair Trade Commission regarding Hyundai Heavy Industries Group’s acquisition of Daewoo Shipbuilding & Marine Engineering.“Prior procedures are

[비지니스코리아=최문희 기자] SPC그룹은 캄보디아 기업 HSC그룹과 조인트벤처 설립 계약을 체결하고 현지 시장에 진출한다고 5일 밝혔다.캄보디아의 프놈펜에서 개최된 이번 협약식에는 SPC그룹의 허진수 글로벌 BU장과 HSC그룹 속홍(Sok Hong) 회장이 참석해 계약을 체결했다. SPC그룹이 조인트벤처 형태로 해외시장에 진출하는 것은 이번이 처음이다.SPC그룹 관계자는 “그 동안 주로 직접진출 방식을 통해 해외에 진출해 철저하게 브랜드를 관리하며 기반을 다져왔다”며, “앞으로는 현재까지 쌓아온 이미지와 신뢰를 바탕으로 조인트벤처

South Korean shipbuilders are focusing on strengthening their competitiveness in environmentally friendly vessels, including LNG-fueled ships, as the International Maritime Organization (IMO) 2020 fuel regulation comes into effect in January next year. As LNG fuel-powered vessels are expected to acc

Statistics Korea announced on Sep. 2 that South Korea’s average total fertility rate in the period of 2015 to 2018 was 1.11, the lowest in the world. The total fertility rate means the number of children expected to be born per woman aged 15 to 49.According to the United Nations, 201 countries’ aver

South Korea’s major financial groups have started operating startup incubating platforms abroad in a bid to help the companies under their incubation push into the global market.Woori Financial Group has decided to open the first overseas office of DinnoLab in Southeast Asia in the first half of thi

The International Monetary Fund (IMF) said in its Fiscal Monitor report that the ratio of the South Korean central government’s fiscal income to South Korea’s GDP for next year is estimated at 24.6 percent and this level is the third-lowest in the group of 35 developed countries behind those of Hong

KT has built a virtual reality (VR) theme park in Malaysia in cooperation with a local company.KT said on Aug. 29 that it opened VR theme park VRINITY at Legoland Shopping Mall in Johor, Malaysia, on Aug. 28 (local time). IISB, a local ICT company, also invested in the project.KT opened the Shinchon

South Korea's total fertility rate hit a record low of 0.98 in 2018 despite the astronomical amount of money spent to tackle its low birth rate. Accordingly, the country has become the only country in the world with a fertility rate below 1.The country’s total fertility rate stood at 0.98 in 201

Although NAND flash prices have rebounded since the start of the second half, the upward momentum is unlikely to continue due to a sluggish demand recovery, industry experts say. In addition, concern is raised over a supply glut next year due to massive investments by NAND flash makers such as Samsu

U.S. President Donald Trump said that ROK-U.S. joint military exercises are a complete waste of money.The president has continued to complain about the costs of the exercises. After the Washington-Pyongyang summit in Singapore in June 2018, the president said he hated the exercises from his first da

Shinhan Investment Corp. has successfully completed a big corporate acceptance financing deal worth US$50 million (60.50 billion won) in Singapore.The deal was a joint effort by Shinhan Investment and Deutsche Bank Singapore, for LOLC Private Ltd., a consumer finance firm in Singapore which took out

The South Korean government needs to come up with laws and systems related to blockchain technology and cryptocurrencies to encourage companies to invest in the blockchain industry, an industry report says.The report, released by BC Card Digital Research Institute and KT Economics & Management Resea

U.S.-based GlobalFoundries Inc., the world's third largest semiconductor foundry, is selling off its photomask business to Japan’s Toppan Photomasks Inc. A photomask is one of the essential raw materials for semiconductor manufacturing. It is one of the items subject to export control by the Jap

South Korean blockchain startups are listing their cryptocurrencies on overseas exchanges one after another. Foreign exchanges have opened the Korean won money market to attract South Korean cryptocurrency projects.The number of South Korean companies listing their early-stage blockchain projects on