Finance Minister Hong Nam-ki said Thursday the government plans to spend 6.3 trillion won ($5.3 billion) to support corporate facility investment in vaccine development by 2024. The move is aimed at nurturing the vaccine industry as a key sector at a similar level to the semiconductor industry as South Korea seeks to foster new industries to secure engines of growth, according to the finance min...

The United States said Wednesday that it is designating six North Korean individuals related to North Korea's weapons of mass destruction (WMD) and ballistic missile programs. The Department of Treasury said it is designating five North Korean individuals -- one based in Russia and four in China -- for illegally procuring materials for the North's WMD and ballistic missile programs. The Departm...

South Korea's import prices fell for the second straight month in December from a month earlier as the costs of importing oil and other raw materials declined, central bank data showed Thursday. The import price index dropped 1.9 percent last month from November, according to the preliminary data from the Bank of Korea. This marked the second on-month decline following a 1 percent contraction i...

BMW, Mercedes-Benz and two other companies will voluntarily recall more than 4,200 vehicles to fix faulty components, the transport ministry said Thursday. This is the latest in a series of recalls by carmakers operating in South Korea due to problems with vehicle components. The four companies, including Audi-Volkswagen Korea and Porsche Korea, are recalling a combined 4,247 units of 12 differ...

IPP Seeks Investors for JV or Takeover

South Korean defense authorities suffered a serious loss of face at the beginning of the year when a young man crossed the high fences on the heavily guarded Demilitarized Zone to escape to North Korea a little more than a year after he made a similar adventure in a reverse direction. The incident tarnished the finale of President Moon Jae-in’s five-year epic of inter-Korean reconciliation. The ...

Kelly Ernby was no doubt a good person, a friend to her friends, a companion to her husband, a crime-fighting prosecutor. She presumably had all the decent qualities we usually celebrate after a person dies, when we generally say only the kindest things we can think of. But she was also a vocal critic of vaccine mandates whose posts on social media risked lives, denied science and confused Ameri...

LONDON , Jan. 13, 2022 /PRNewswire/ -- CS Global Partners, the world's leading government advisory and marketing firm, has released its much-anticipated World Citizenship Report (WCR). The WCR showcases the World Citizenship Index (WCI), a distinctive tool that compares world citizenships from the perspective of a global citizen. The index's methodology evaluates 187 jurisdictions across fiv...

HOUSTON , Jan. 12, 2022 /PRNewswire/ -- Ascend Performance Materials announced today it signed an investment agreement to construct a new hexamethylene diamine and specialty chemicals plant in Lianyungang, China in the Xuwei New Area Park. The new plant will be Ascend's first chemical production facility and the largest investment the company has made outside of the United States . Dr. Ke...

CHICAGO , Jan. 12, 2022 /PRNewswire/ -- Today, FarEye , a global SaaS platform transforming last mile, announced its selection by Microsoft as an Amplification Partner in Microsoft Cloud for Retail. The collaboration empowers and transforms how retailers orchestrate, track, and optimize the movement of goods, enabling enterprises to lower logistics costs while meeting the needs of end consum...

BEIJING , Jan. 12, 2022 /PRNewswire/ -- When Beijing first won the hosting rights for the 2022 Winter Games, the Beijing Organising Committee for the Olympic Games (BOCOG) made a promise to turn 300 million Chinese people into winter sports lovers. Zhao Weidong is a spokesperson of Beijing Winter Olympics Organising Committee and also the Director of the Media & Communications Department o...

Differentiated digital and cloud capabilities drive broad-based growth; healthy operating margins at 23.5% NOTES : 1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and nine months ended December 31, 2021 which have been taken on record at the Board meeting held on January 12, 2022 . 2. A Fac...

-- Nuvaxovid™ COVID-19 Vaccine (recombinant, adjuvanted) is the first protein-based COVID-19 vaccine granted approval in South Korea GAITHERSBURG, Md. , Jan. 12, 2022 /PRNewswire/ -- Novavax, Inc. (Nasdaq: NVAX), a biotechnology company dedicated to developing and commercializing next-generation vaccines for serious infectious diseases, and SK bioscience, Co. Limited, a vaccine business subsi...

SHENZHEN, China , Jan. 12, 2022 /PRNewswire/ -- Saramonic officially released its brand new wireless microphone: The Blink900 2.4GHz dual-channel wireless microphone system which has the potential to redefine the industry. Blink900 2.4GHz Dual-channel Wireless Microphone System Extraordinary features about the Saramonic Blink900 Built with the new DSP technology, Blink900 delivers incre...