The Ministry of Food and Drug Safety has approved Korea's first cell-cultured influenza prevention vaccine, “skyCellflu,” developed by SK Chemicals.It is the world's third cell-cultured influenza vaccine that will be commercialized following those from global pharmaceutical firms like Novartis and V
Korea is expected to achieve another triple crown in the size of trade, exports, and trade surplus this year, making it two consecutive years.Experts are saying that the government's continuous export support policies were effective in increasing the export growth rate of small and medium-sized ente
The salary difference between temporary and permanent employees has reached a maximum of 400 percent.According to the ruling Saenuri Party lawmaker Jasmine Lee's analysis of current state of salary from 2009 to 2013, which was submitted on Dec. 25 by Ministry of Employment and Labor, the average mon
As North Korea is showing hope for the reconciliation of inter-Korean relations, it is becoming noticeable whether the infarction between North and South Koreas might ease in the new year which meets the 70th anniversary of the independence and the division.North Korean expectations are being reveal
Grand Korea Leisure (GKL, CEO Lim Byeong-soo), which runs the foreigner-only Seven Luck Casino held a ceremony for new corporate value declaration in September at the COEX Intercontinental Hotel located in Samsung-dong, Seoul. There, the company announced that it would contribute to the establishmen
As exports of Korean culture, including K-pop stars performance overseas, has increased, chronic balance of payments deficit related to culture is expected to turn to a profit in 12 years.According to the Bank of Korea on Dec. 25, imports of individual, culture and leisure services amounted to US$76
It was revealed on Dec. 9 that hundreds of malicious emails were sent from email accounts of ex-employees of Korea Hydro & Nuclear Power.The joint government investigation task force on personal information crime (chief prosecutor; Lee Jung-Su) said on December. 25, “Hundreds of KNHP employees recei
Korean prosecutors have indicted Travis Kalanick, the founder and CEO of the app-based taxi service Uber, for illegal taxi services. It is rare for the prosecution to bring a charge against the head of a foreign company. Therefore, the industry is paying attention to whether or not he will be presen
As Kim Moo-sung, the ruling Saenuri Party’s leader, argued that a special pardon or a parole for businessmen are necessary, whether Chey Tae-won, chairman of SK Group, will benefit from this is drawing attention.Kim said on Dec. 24, “As the nation’s economy is struggling, those who need to work shou
According to IT news site Engadget and the Financial Times on Dec. 24, Samsung Electronics has shut down its flagship store in London.The closure notice was posted at the Experience Store inside London’s busy Westfield Stratford City shopping center on that day, asking people to visit other stores.T
The number of the coming year’s foreign workers on E-9 visas has been set at 55,000, up 2,000 from 53,000 this year.The government held the 19th session of the Foreign Workforce Policy Committee on Dec. 23, celebrating the 10th anniversary of establishing the employment permit system, and decided to
Pantech, which is attempting to sell distressed assets, aims to make a comeback by targeting the low-priced smartphone market. Its low-end smartphones are going to be manufactured by Chinese company BYD.“We are working on a global project to produce low-priced smartphones through outside companies,”
There is a growing controversy over a claim made by the labor union of Asiana Airlines. It argues that Asiana Airlines has committed illegal acts in the process of getting consent regarding the change of labor rules from its employees.Asiana Airlines got written consent for the change of employment
Global IT companies are actively seeking to buy start-ups. Previously, Google succeeded in its acquisition of the Android venture firm, which later took 90 percent of the global smartphone operating system market. Therefore, other IT enterprises cite the purchase of start-ups as future growth indust
A Korea research team has found the core reason for the efficiency of quantum dot light-emitting devices, which are regarded as the next generation of displays. The research findings are expected to be widely used in next-gen high color purity displays and high brightness lighting.A joint research t
The Electronics and Telecommunications Research Institute (ETRI) announced on Dec. 22 that it has signed an evaluation contract with KEPCO Engineering & Construction (KEPCO E&C) to expand the use of its high-confidence real-time operating system (OS) for army aircraft, called the Qplus Air, to contr
The domestic legal service circle is busy seeking survival strategies in the face of the full opening of the legal market. Large law firms are setting out to enlarge themselves by recruiting additional talent, foreseeing that competition against huge American and British law firms will become inevit
A hacker that disclosed confidential documents relating to atomic power stations in Korea threatened that more documents would be handed over to other countries and that secondary destruction would follow unless the power plants are shut down by Dec. 25. Under the circumstances, North Korea is predi
Confidential documents of the Korea Hydro & Nuclear Power Corporation, such as power plant drawings, have been exposed to the public on the Internet again. This is the fourth time since Dec. 15.A person identified only as the chairman of an anti-nuclear group in Hawaii disclosed documents relating t
Nest Labs purchased by Google and SmartThings acquired by Samsung Electronics have already started to fight for global dominance in platforms for the Internet of Things (IoT). Therefore, experts are saying that the local industry needs more systemic strategies to increase its competitive advantage i