Seoul, Jan 19 (IANS) SK Bioscience Co, the biotech arm of South Korea’s SK Group, on Monday launched its new global research and development (R&D) centre west of Seoul to enhance the efficiency of its vaccine research, the company said.SK Bioscience officially began operations of its Global Research & Process Development (R&PD) Centre in Songdo, an international business district in the western port city of Incheon. The $255.7 million facility also serves as the company’s new headqua…
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Seoul, Jan 18 (IANS) The number of companies operating in South Korea’s free economic zones rose 4.4 per cent from a year earlier in 2024, driving gains in employment and investment, the industry ministry said on Sunday.A total of 8,590 companies were operating in the country’s free economic zones at the end of 2024, up from 8,228 firms a year earlier, according to data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.Employment at those firms increased 8.8 percent …
Washington, Jan 14 (IANS) As part of its push for more fair and balanced trade with APEC partners, the United States hosted a regional roundtable of the APEC Alliance for Supply Chain Connectivity (A2C2) in Mexico City.Attended by government officials from Asia-Pacific Economic Cooperation economies and private sector experts, the meeting discussed ways to strengthen supply chain resilience across the Asia-Pacific region, the State Department said.This roundtable expanded on work carried out dur…
Seoul, Jan 10 (IANS) South Korean President Lee Jae Myung on Saturday ordered a prompt investigation into alleged drone incursions into North Korea, warning that such acts would constitute “a grave crime” threatening peace on the Korean Peninsula and national security if confirmed. North Korea claimed earlier in the day that South Korea had infringed on its sovereignty with drone incursions last September and again earlier this week, but Seoul’s defence ministry rejected Pyongyang’s accusations….
Seoul, Jan 10 (IANS) South Korea’s defence chief on Saturday denied North Korea’s claims that its drones infiltrated into the North in September last year and earlier this week, saying the drones in question were not models operated by the South Korean military. North Korea claimed earlier in the day that South Korea infringed on its sovereignty with drone incursions, saying that Seoul should be ready to “pay a high price” for what it called a provocation.In response to an inquiry by Yonhap News…
Seoul, Dec 24 (IANS) The number of South Koreans relocating to new homes fell to the lowest level in 51 years for any November amid sluggish housing transactions and demographic changes, data showed on Wednesday.Around 428,000 people changed residences last month, down 8.2 percent from a year earlier, according to data from the Ministry of Data and Statistics, reports Yonhap news agency.This marks the lowest November figure since 1974, when 394,000 people moved.Population mobility has been decli…