Page 9 - South Korea

Korean bio 'Big 3' Samsung, Celltrion, SK to expand businesses in Songdo

As SK Bioscience announced its plan to open a new R & PD center in Songdo, Incheon, three Korean bio companies called 'Big 3,' including Celltrion, Samsung Biologics, and SK Bioscience, are expected to gather in Songdo Bio-cluster.SK Bioscience announced on the 27th that it will build the global R & PD (Research & Process Development) center on a 34,413.8m^2 site in Incheon Technopark expansion complex in Songdo, Incheon. It signed a land purchase contract with the Incheon Free Economic Zone Authority on the same day.The Global R & PD Center, where institutes, factories, and offices will be located, is scheduled to be completed in the fourth quarter of 2024. The total project amount is about 300 billion won.This is the first time that SK Bioscience will build its facilities in Songdo. It is planning to expand its R & D and production infrastructure, which are currently focused in Pangyo and Andong, Gyeongbuk. The L House, SK Bioscience's vaccine production ...

Apple may submit compliance plans for S.Korean in-app payment law

Apple may submit its compliance plans for a new South Korean law that bans app store operators from forcing in-app payment systems on developers, industry sources said on Tuesday

South Korea, US, Japan negotiate possible defence ministerial talks

South Korea, the US and Japan are negotiating over the possibility of the countries holding trilateral defence ministerial talks, the Defence Ministry in Seoul

South Korea approves emergency authorisation of Pfizer's oral Covid pill

South Korea on Monday approved an emergency authorization of US drug giant Pfizer Inc.'s oral drug to treat Covid-19, making it the first such pill to be used in the country.

Seoul urges N Korea to start new year by opening door for dialogue

South Korea's Unification Ministry urged North Korea to start the new year with a step for dialogue and cooperation

Covid scare: Korean Air ordered to suspend flights to Hong Kong till Jan 8

Korean Air Lines, South Korea's national flag carrier, has been ordered to suspend flights to Hong Kong for two weeks due to coronavirus infections found among its passengers aboard a plane

S. Korea's economy expected to rank 10th largest for 3 straight yrs: IMF

South Korea's economy is projected to continue to rank the 10th largest for three straight years in 2022 in terms of nominal GDP, data from the International Monetary Fund have showed

S Korea to invest over 500 bn won in Covid-19 vaccines and treatments

The Korean government will invest 545.7 billion in the development of Covid-19 treatments and vaccines next year.

S Korea reports new daily high for Covid deaths amid hospital beds shortage

South Korea has set a new record for daily COVID-19 deaths as it struggles to resolve a shortage of hospital beds amid weeks of surging cases

South Korea becomes 10th non-European country to join Europol

South Korea has became the 10th country outside of Europe to join the European Union (EU) law enforcement cooperation agency that fights terrorism and other international crimes, police said.

S Korea cautious over change in political status of Kim Jong-un's sister

South Korea's Unification Ministry on Monday responded cautiously to reports of a possible change in the stature of Kim Yo-jong, North Korean leader Kim Jong-un's sister

Over $700 mn earmarked for security of S Korean president candidates

Police in South Korea have earmarked over 700 million won ($590,000) for the security details of major presidential candidates, officials said

S Korea enshrines remains of 370 Korean War troops excavated this year

South Korea on Monday held an annual ceremony enshrining the remains of 370 fallen troops that its excavation team recovered from key battle sites of the 1950-53 Korean War this year

South Korea reports 5,318 new Covid-19 cases, logs 54 more deaths

South Korea's new coronavirus cases fell below 6,000 for the first time in six days on Monday due partly to less testing over the weekend, but the number of new critically ill patients neared 1,000.

Any change to USFK will be subject to joint decision with S Korea

Any future changes to US Forces Korea (USFK) including troop levels will be made under joint decisions with South Korea, a Pentagon spokesman said.

S Korea reports 7,314 more Covid-19 cases, tally rises to 558,864

South Korea reported 7,314 more cases of COVID-19 as of midnight Friday compared to 24 hours ago, raising the total number of infections to 558,864.

S Korean govt mobilises all possible resources to back small businesses

South Korean PM Kim Boo-kyum on Friday said the govt has mobilised all possible resources to provide additional financial support to small businesses that will be affected by the new Covid-19 curbs.

Convicted ex-S Korean presidents likely to be excluded from New Year pardon

Justice Ministry's amnesty review committee plans to hold a two-day meeting from Dec 20 to determine the beneficiaries of President Moon Jae-in's fifth special amnesty.

South Korea to prepare $3.6 bn Covid stimulus package for small businesses

Of the total package, some 3.2 trillion won would be allocated to provide 1 million won each to 3.2 million small business owners that experienced a decrease in sales.

75% of S Korean firms to continue remote work scheme even after covid

Most South Korean businesses that have adopted at-home remote work programs due to Covid-19 plan to continue the policy even after the end of the pandemic, a poll revealed on Thursday.