The government is set to invest 400 billion won (US$301.66 million) next year and a total of 2.2 trillion won over the next five years to establish geographical zones dedicated to creating specific industries at world-class level. To boost the venture ecosystem, it plans to increase the external fun
A passenger found a shard of glass in a coffee served onboard a Korean Air flight. While drinking the coffee, the passenger discovered the glass piece in their mouth. Fortunately, the passenger was not injured but had to vomit out all of the food consumed on the flight due to safety concerns.Accordi
Among foreign health insurance dependents, Chinese nationals spent the largest amount of healthcare funds of Korea’s universal health care program in 2022. The amount of healthcare funds spent for Chinese national dependents totaled 1.95 million won (US$1,467) for each one of them, and the contribut
Doosan Digital Innovation (DDI) has entered a strategic partnership with Claroty to provide Operational Technology (OT) security solutions to domestic companies. Claroty, an Israeli firm that has received investment from SoftBank, is a global specialist in Extended Internet of Things (XIoT) security
SK telecom signed a memorandum of understanding (MOU) with the Seoul Veterinary Medical Association (SVMA) to expand healthcare for pets using artificial intelligence (AI) on Sept. 15.SK telecom and the Seoul Veterinary Medical Association will cooperate to establish an AI-based pet care system by s
On Sept. 13, Doosan Bobcat reported that over a thousand of its employees from business locations in 12 countries worldwide took part in community service activities on Sept. 12. The activities were on a relay that started from Korea and passed through Asia, the Middle East, Europe, Africa, and the
TiumBio Co., Ltd. (KRX: 321550. KQ), a clinical-stage biopharmaceutical company focusing on discovering and developing innovative therapeutics for patients with rare and incurable diseases, today announced that the Phase 1a results of TU2218 will be presented at the 2023 European Society of Medical
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that Ana Brnabić, Prime Minister of the Republic of Serbia (Serbia) has visited the SK bioscience headquarters and signed a memorandum of understanding (MOU) with the compa
The Korean government will listen to the opinions of experts from various sectors to spread super-sized artificial intelligence (AI) not only to the science and technology fields but to all aspects of society such as law, medicine, education, and defense. It is planning to launch a project to suppor
The Electronics and Telecommunications Research Institute (ETRI) of Korea announced on Sept. 6 that it has developed a dedicated computational accelerator chip capable of high-speed processing of homomorphic encryption, which is drawing much attention as a next-generation cryptographic technology.Un
President Yoon Suk-yeol has picked up the biotech industry as a future growth driver and is determined to support it. To this end, the government’s budget for biotech R&D for 2024 has been expanded by 12 percent. Starting from 2024, the government will launch large-scale R&D projects to develop vacc
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company has entered into a collaboration agreement with Vaxxas, an Australian biotechnology company developing a unique vaccine patch platform technology, to
La Boutique Bleue Cell Beauty (LBB) has inked an export agreement worth 800 billion won with multinational conglomerate Shinwha Group.The Shinwha Group, with which LBB has signed this deal, has overseas subsidiaries in major countries including China, Hong Kong, Vietnam, the U.S., and France. It ope
Kolmar BNH announced on Aug. 16 that its Eumseong plant, located in North Chungcheong Province, has received GMP certification from the Australian Therapeutic Goods Administration (TGA). Previously, Kolmar BNH’s Sejong plant was certified by TGA GMP in 2021. The TGA oversees pharmaceuticals and medi
The United States is accelerating its resurgence in the manufacturing sector. While the rivalry with China is one factor, there is also an awareness that maintaining a nation’s competitiveness requires establishing a supply chain based on manufacturing. On the other hand, as South Korea, a nation th
EOFlow, the developer of the wearable insulin pump EOPATCH, has become embroiled in an intellectual property infringement lawsuit in the United States.EOFlow announced on Aug. 9 that Insulet Corporation, a U.S.-based company specializing in the development of wearable insulin pumps, has filed a laws
Medytox has recruited Director Kim Jae-wook as the new head of its Medical Division.After graduating from Korea University’s School of Medicine, Kim went on to earn his Master’s degree from the same institution. He has previously served as the medical director at HUGEL, and as the Medical Head for t
Samsung Electronics will announce a new vision for system semiconductors at the Samsung Tech Day 2023 to be held this October. The Korean semiconductor giant will flesh out its plans to develop and produce “semicon humanoids,” or more human-like robots, with human sensory functions such as smelling
Dong Wha Pharm announced on Aug. 3 that it has signed a contract to acquire a 51% stake in “TRUNG SON Pharma,” a company that operates a pharmacy chain in Vietnam.TRUNG SON Pharma operates over 140 pharmacy chains in the southern region of Vietnam. The company recorded sales revenue of approximately
The life expectancy of South Koreans was 83.6 years, the second longest among member nations of the Organization for Economic Cooperation and Development (OECD). Life expectancy is the number of years a child born in a given year is expected to live. On the other hand, the nation had the highest sui