Articles by Lee Yoon-Seo
Lee Yoon-Seo
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[From the Scene] Digitized hospital provides glimpse into next-generation diagnoses
By Lee Yoon-seo Korea Herald correspondent SINGAPORE -- A masked resident pores over a piece of uterine fibroid -- a tumor developed in the uterus -- and cautiously slices it with a scalpel. The thinly sectioned tissue specimen, after going through various processes including chemical treatment, flattening and staining, is then put on a small glass slide by a scientist. With whole slide imaging, the tissue on the glass slide is virtually copied into a highly magnified image, to be uploaded ont
Industry July 27, 2023
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Philips seeks to fight health care shortcomings with digitization
By Lee Yoon-seo Korea Herald correspondent SINGAPORE -- Philips APAC, the multinational health care solution provider Philips' headquarters for the Asia-Pacific region, on Wednesday said it is committed to digitizing the APAC health care industry to enable better patient outcomes and drive greater work satisfaction, focusing on its state-of-art technologies as the health care sector grapples with escalating financial pressures and staff shortages. Via a media event at Philips APAC's
Industry July 26, 2023
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[Weekender] S. Korea ranks third in terms of passport power: What does it mean?
Passports are far more than just simple travel documents that verify a holder's personal information. In fact, the thin, palm-sized booklets also function as the barometers for a nation's status on the international stage -- in that some passports have the power to allow its holder to gain access to international destinations without extra entry requirements, such as visas, while some passports don't. In this regard, a recent report showed that South Korean passports are one of th
weekender July 22, 2023
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[Herald Interview] Urbanbase seeks overseas expansion with AI-based home furnishing technology
Furnishing a home is a strenuous venture, as performing a holistic analysis of measurements for a slew of necessities such as furniture, floor area and structure of a building, can be costly and tough to pull off for everyday consumers with little knowledge in architecture. Urbanbase, a startup specializing in providing three-dimensional spatial data and artificial intelligence-supported styling services for home refurbishment, is one of the first companies in South Korea that attempted to simpl
Industry July 20, 2023
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Lotte chief convenes CEO meeting to discuss growth strategy
South Korea's fifth-largest conglomerate Lotte Group on Tuesday held its biannual meeting of top executives to review business performances and seek ways for sustainable growth amid increasing market volatility and uncertainty. Some 80 executives, including Chairman Shin Dong-bin and Lotte Corp. CEO Lee dong-woo, attended the meeting, which it refers to as its "Value Creating Meeting," held at the Lotte World Tower in Seoul. According to the holdings unit, the executives examined
Industry July 18, 2023
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Monsoon rain ravages farms, kills livestock
Nearly 30,000 hectares of farmland across the country were damaged by the recent torrential rain, raising concerns that agricultural product prices -- which have recently soared due to a heat wave -- will consequently rise even more. Some 27,094 ha of farmland have been damaged between July 10 and Monday due to record rainfall, according to a report released by the Ministry of Agriculture, Food and Rural Affairs. By region, North Jeolla Province suffered the most damage, with 14,569 ha of land f
Consumer July 17, 2023
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Korea to stick to previous aspartame regulation, as WHO states limited carcinogenicity
South Korea’s Ministry of Food and Drug Safety said Friday it has decided to allow companies here to retain their existing internal standards for the use of aspartame in foods and beverages, despite the assessment of a WHO agency concluding that the artificial sweetener is "possibly carcinogenic to humans." The International Agency for Research on Cancer announced Friday it has determined aspartame should be reclassified as a Group 2B carcinogen on the basis of limited cancer in
Consumer July 14, 2023
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Daewoong Bio set to ramp up antibiotics biz to W100b in value
Daewoong Group subsidiary Daewoong Bio Inc. on Friday unveiled a vision to scale up its antibiotics business to 100 billion won ($79 million) in value, amid the slowing market for antibiotics. Daewoong Bio said it has invested 50 billion won to build a new plant for manufacturing Cephalosporin, or beta-lactam antimicrobials used to manage a wide range of bacterial infections, in Hwaseong-si, Gyeonggi Province. The firm's existing Cephalosporin manufacturing plant in Seongnam-si, Gyeonggi Pr
Industry July 14, 2023
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Posco unveils vision for W100tr sales by 2030
Posco Group on Thursday unveiled a new vision titled "Better World with Green Steel" to aggressively ramp up its global steel competitiveness, while upholding environmental, social and corporate governance values. During a ceremony held to announce Posco's vision at the group's headquarters, attended by some 250 executives and employees, Posco said it aims to post total sales of 100 trillion won ($78 billion) by 2030, while doubling its operating profit margin logged in 2022.
Industry July 13, 2023
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Nongshim sets vision to achieve $1.5b in sales by 2030
In celebration of his second year in office, Shin Dong-won, chairperson of Korean food giant Nongshim, on Thursday unveiled a vision to post $1.5 billion in global sales by 2030 and become the No. 1 ramen seller in the US amid its soaring performance there. According to the company, Nongshim's plan, which is to triple its annual sales by 2030 from its current $490 million, mainly centers on scaling up its US business. For the achievement of its goal, Shin said Nongshim will review plans to
Consumer July 13, 2023
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Pressure mounts on milk producers to cut prices
The Ministry of Agriculture, Food and Rural Affairs recently met with South Korean dairy companies in a bid to increase the pressure on them to minimize price hikes for milk, according to Food Ministry Wednesday. According to a Food Ministry spokesperson, the Food Ministry asked Korean dairy companies during a closed-door meeting to minimize price hikes for milk that are expected to take place amid a forthcoming surge in the price of raw milk. Currently, Korea Dairy Committee, a private organiza
Consumer July 12, 2023
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NHN Commerce acquires Italian luxury fashion retailer
NHN Commerce, the retail unit of South Korean information technology company NHN Corp., said Tuesday it acquired a controlling stake in Italian luxury fashion brand retailer Ikonic, in a bid to further extend its reach into the global stage. NHN Commerce now holds a 77.8 percent stake in Ikonic -- an Italian multi-brand fashion platform retailing over 250 brands in the global market. Terms of the deal were not disclosed. Ikonic's annual sales stands at some 100 billion won ($77 million) in
Consumer July 11, 2023
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Bottled water prices hit 11-year high
South Korea's price growth rate for bottled water recorded its highest level in 11 years following a series of price hikes in the industry, according to data Monday. According to Statistics Korea, the consumer price index of bottled water stood at 112.09, a 10.8 percent on-month increase. The nation's growth in the CPI of bottled water recorded its highest rate since June 2012, when it rose by 11.6 percent. The price rise comes as the nation's biggest bottled water manufacturers h
Consumer July 10, 2023
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Travel demand to Hong Kong struggles amid anti-China sentiment
Travel demand to Hong Kong remains weak among South Korean travelers, data showed Sunday, with a report suggesting anti-China sentiment is still prevailing. A total of 591,998 passengers used the air routes between Korea and Hong Kong from January to May, according to data from the Ministry of Land, Infrastructure and Transport. The number is only 35.3 percent of the passengers recorded in the same period four years ago, when the pandemic had yet to break loose. Meanwhile, the number of passenge
Mobility July 9, 2023
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50 Asian nations gather to tackle water scarcity at convention
More than 200 representatives from 50 Asian nations, including government officials, industry stakeholders and academics, have gathered in South Korea this week to share their visions on future solutions to water scarcity in the region. The Korea Water Resources Corp., also known as K-water, is hosting the three-day general meeting of the Asia Water Council that kicked off Wednesday at a convention center in Hwaseong, Gyeonggi Province. Established in 2016, the council aims to facilitate interna
Industry July 6, 2023
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