South Korean builders nervous about possible setbacks in Middle East
Korean construction firms clinched $2.4 billion in orders from Middle Eastern countries in the first quarter of this year, accounting for 44 percent of the total project value…
Shim Woo-hyun
South Korea’s beauty exports hit all-time high of US$2.3 billion in Q1
South Korea's customs agency said the increasing popularity of Korean culture around the world has helped the country’s beauty products increase their sales overseas.
South Korea’s drugmakers feeling pinch from doctors’ walkout
According to several sources, drug companies are noticing decreases in use of antibiotics, intravenous fluids and injections used in medical operations, mainly as large hospitals…
LG to develop AI model to treat Alzheimer’s, cancer
Under the new contract, LG Group will use its AI model, EXAONE, to analyze Jackson Laboratory’s research data relating to different types of cancers and Alzheimer's disease and…
Tequila may be next big thing in Korean liquor market
South Korea's alcoholic beverage industry has been embracing quickly changing trend cycles, with rising demand from young consumers to try new types of drinks.
South Korea faces antibiotics shortage as drugmakers halt production
In Korea, the demand for cephalosporins has increased due to the recent surge of patients with respiratory diseases after the Covid-19 pandemic.
South Korean conglomerates hesitant to hire
Some 67 percent of conglomerates with over 1,000 employees confirmed that they have recruitment plans this year, falling for the third year in a row from 72 percent and 73 percent…
South Korean dietary supplements makers eye Chinese market
On the back of an aging population, the Chinese dietary supplements market grew 3 percent on-year to reach around 73 trillion won in 2022, according to a report released by the…
Why Korea’s vaccination rate remains low despite surge in flu patients
Some have attributed the lower immunization rate to vaccine hesitancy.
Foreign workers in South Korea reach all-time high of 1 million
By nationality, ethnic Koreans with Chinese nationality constituted the largest number at 35.3 percent, followed by the Vietnamese with 11.3 percent and other Chinese with 4.9…