Starting next year, foreign residents in South Korea seeking eligibility for health insurance as dependent beneficiaries must have a minimum of 6 months of residency.According to the Ministry of Health and Welfare and the National Health Insurance Service on Oct. 26, an amendment to the Health Insur
With HD Hyundai Heavy Industries (HHI) having won a contract to build 17 carriers for the second phase of Qatar Energy’s liquefied natural gas (LNG) carrier project which is said to be worth up to US$12 trillion, much attention is being paid to how big orders Hanwha Ocean and Samsung Heavy Industrie
On Oct. 26, KGC Korea Ginseng Corporation announced its participation in North America’s largest health food ingredient exhibition, SupplySide WEST 2023.For the first time this year, KGC Korea Ginseng Corporation operated a JUNG KWAN JANG booth at the ingredient exhibition, showcasing a variety of r
The labor unions of six subsidiary parts companies under the Hyundai Motor Group have initiated the first-ever joint strike within the Hyundai Motor Group. They demand equal performance bonuses and special incentives with Hyundai Motor and Kia Motors while advocating for the elimination of hierarchy
Hyundai Motor and Kia Motors have successfully settled their wage and collective bargaining agreements (CBA) without labor disputes for the second consecutive year, but the aftermath poses significant challenges. The labor unions of Hyundai and Kia have managed to secure the highest-ever wage increa
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced on the 20th that the application of the updated Novavax COVID-19 vaccine (NVX-CoV2601), developed by Novavax, a global company advancing protein-based vaccines with its Mat
Kolmar Korea's sun care products are extending their reach worldwide. The equation "Kolmar Korea = Sun Care" is being recognized not just in Korea but globally. The critical reasons for Kolmar Korea's sun care products achieving this world-class status lie in its technical prowess and the trust of c
Cryptocurrency exchange Korbit announced that it will hold a “no-trading-fee” event for all crypto assets traded at Korbit beginning from 9 a.m. on Oct. 20.Customers can participate in the no-trading-fee trading event immediately without going through any additional procedures such as coupon registr
Samsung Electronics is formalizing plans to introduce a “Spam Message Box” on its mobile phones.The Korea Internet & Security Agency (KISA) announced on Oct. 18 that they had entered into a business agreement with Samsung Electronics for the development and operation of malicious text message filter
SK pharmteco will participate at the CPHI 2023 in Barcelona and prepare a dedicated booth at the event. As a multi-modality CDMO with expertise in small molecule active pharmaceutical ingredients (APIs) and biopharmaceuticals, SK pharmteco aims to present its business competitiveness and actively pu
As financial authorities announced a one-year delay in the mandatory implementation of Environmental, Social, and Governance (ESG) disclosure, originally targeted for 2025, the business sector breathed a sigh of relief, stating that this extra time would allow them to better prepare for the regulati
The Korea International Trade Association (KITA) announced on Oct. 16 that it held a Rebuild Ukraine Business Dialogue in Warsaw, Poland, in collaboration with the Ukrainian Chamber of Commerce and Industry and the Korea-Ukraine New Building Association (KUNBA).The event was held to discuss ways to
Hyundai Engineering & Construction (Hyundai E&C) hosted a special lecture titled “The Innovation and Advancement of Nuclear Power Technology and Future Energy” on October 11th at the company's headquarters in the Jongno district of Seoul. The guest speaker for the event was Dr. Kris Singh, the found
As the patent for the blockbuster pharmaceutical “Stelara,” which generated more than 23 trillion won (US$17.1 billion) in global sales last year, approaches expiration, domestic biosimilar developers are consistently announcing their clinical trial results. Biosimilars refer to replica drugs develo
The author is an analyst for NH Investment & Securities. He can be reached at seungyeon.han@nhqv.com -- Ed.In November, J&J is expected to release phase II data for nipocalimab in the treatment of rheumatology. The firm has already released some of the data from its abstract for the ACR conference.
Huawei kicked off the 14th Global Mobile Broadband Forum in Dubai, UAE. Li Peng, Huawei's President of Carrier BG, delivered a keynote at the event. In his speech, Li called on global carriers and industry partners to rise to the occasion, address increasing demands on networks, and make the most of
As the Israel-Palestine conflict unfolds, disruptions in the production and operations of local semiconductor companies have raised concerns within the semiconductor supply chain. Israel, often hailed as a “startup nation,” is home to key global companies across the entire semiconductor ecosystem fr
The U.S. government has decided to indefinitely postpone export controls on equipment for Samsung Electronics and SK hynix’s semiconductor plants in China. While there’s some relief in the semiconductor industry, uncertainties over their China plants haven’t entirely vanished, making the incentive f
The Financial Supervisory Service (FSS) has decided to significantly strengthen its inspection system in the capital market, including the asset management industry, as illegal activities persist. Furthermore, ailing and illegal companies found in violation of regulations will face immediate cancell
Habitat for Humanity addressed the crisis of affordable and inclusive housing in Asia and the Pacific and urged stakeholders to take sustainable approaches for adequate housing in informal settlements, at a press conference hosted by the global non-profit housing organization today. Habitat also hig