Korea Times Finance Reporter
Lee Hyo-sik is Finance Desk editor at The Korea Times. He manages finance-related stories on macroeconomics, banks, stocks, bonds, crypto etc. He is passionate about covering what's happening in Korea's financial industry and explaining it to both Korean and non-Korean readers. You can reach him at leehs@koreatimes.co.kr. Your insights and feedbacks are always appreciated.
Teachers set up plastic partitions on cafeteria tables at Duksoo High School in Seoul, Wednesday, to prevent the possible spread of the coronavirus. High school seniors are scheduled to return to school May 20. Yonhap
By Bahk Eun-jiHyundai Pharm has received approval from the U.S. Food and Drug Administration (FDA) for a phase 2 clinical trial of its new drug treating type 2 diabetes, the company said Sunday.The drug, HDNO-1605 (HD-6277), targets the G-protein-coupled receptor 40 (GPR40), also known as free fatty acid receptor 1, which plays a pivotal role in the regulation of insulin secretion, according to the firm.It is proven to lessen hypoglycemia and other side-effects of diabetes medications, according to Hyundai, which says diabetic patients can effectively regulate their insulin levels by taking only one pill a day. The company has been developing HDNO-1605 (HD-6277), which is taken orally, as a state-sponsored project funded by the Ministry of Health and Welfare. The drug has already completed a phase 1 clinical trial in Europe.
Volunteers from the Red Cross polish tombstones of the victims who were killed during the government's brutal crackdown on the Gwangju Democratization Movement starting May 18, 1980, at the May 18th National Cemetery in Gwangju, Sunday.
Parents and children crowd Seoul Children's Grand Park, Monday, a day before Children's Day. The park, which expects more families to visit today, is asking visitors to wear masks, wash their hands and follow other social distancing rules. Yonhap
Employees at the Seongdong District Office in Seoul eat lunch in their cafeteria, Monday. The district office installed glass dividers on cafeteria tables to separate employees from one another during meals. Yonhap
Conects Q&A, an education app developed by ST Unitas, tops education app charts in the United States, Korea and 10 other countries. Courtesy of ST UnitasBy Lee Hyo-sik Conects Q&A, an education app developed by ST Unitas, has topped education app charts in the United States, Korea and 10 other countries, attracting the attention of students seeking to solve their homework problems in real time, the company said Sunday. The other 10 countries are Canada, England, Australia, Ireland, New Zealand, Singapore, Malaysia, the Philippines, South Africa and India.The official version of the app, which debuted in early 2019 as a beta model, is scheduled to be launched in April worldwide. It has undergone a series of improvements through constant feedback from users, the company said.Conects Q&A provides instant answers to questions in real time. Once students scan and upload a problem, the app provides an answer in less than 5 seconds by searching through its database, according to ST Unitas.In addition, it offers a 1:1 chat with experts or 15-second video answers, and a 1:1 voice
Delivery workers load parcels onto their trucks at a parcel distribution center in Seoul Tuesday. The number of parcels has been surging in recent weeks as consumers go online to order household items rather than go to stores amid the coronavirus outbreak. Yonhap
People line up to buy masks outside a pharmacy in Jongno, Seoul, Monday./ Yonhap By Kim Se-jeongAn increasing number of people have discovered their resident registration numbers have been used by others to purchase hard-to-get face masks amid continued supply shortages, according to police officers Monday.In Gwangju, 350 kilometer south of Seoul, police said they received complaints from two citizens who couldn't buy masks because someone else had already used their ID without their knowledge. In one case, the masks were purchased in Muan, South Jeolla Province, while for another case, the ID was presented in North Gyeongsang Province. Beginning on March 9, each resident has been able to buy two masks per week at a pharmacy upon presenting their personal identification card. Also, people are restricted to buying masks once a week between Monday and Friday based on each individual's birth year ― although these are not applicable on weekends. The government institute
Workers clean turnstiles at Sindorim Station in Guro District, Seoul, Wednesday. At a nearby insurance company call center, 90 employees and their family members were confirmed to have contracted the COVID-19 infection as of 3 p.m. The number of cases is expected to rise. Yonhap