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Reverse Mortgage Pension Plan on Farmland a Source of Stability for Seniors

Reverse Mortgage Pension Plan on Farmland a Source of Stability for Seniors

SEOUL, Jan. 17 (Korea Bizwire) – An increasing number of elderly land owners are registering for a type of reverse mortgage that consists of farmland put up as collateral in exchange for monthly pension stipends. This form of “agricultural land pension plan” is open to seniors 65-years old and above and who have at least

Electric Car Subsidies Subject to New Standards

Electric Car Subsidies Subject to New Standards

SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government is tightening standards for electric car subsidies, with stringent guidelines based on battery life and environment-friendliness entering effect this year. Changes are coming to the electric car market, as the Ministry of Environment said on Wednesday that electric car buyers will receive different government subsidies depending

Government Measures to Ensure Safety for Street Cleaners

Government Measures to Ensure Safety for Street Cleaners

SEJONG, Jan. 17 (Korea Bizwire) — The government will cut down on night shifts and introduce new safety standards to ensure the safety of street cleaners following a series of accidents. The Ministry of Environment announced during a cabinet meeting on Tuesday that it will work with a number of government branches including the interior, labor

South Korea to Use Smart Technology for Rail Safety

South Korea to Use Smart Technology for Rail Safety

SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government will use cutting-edge technology such as drones and the Internet of Things to improve the safety of the nation’s railway network. The Ministry of Land, Infrastructure and Transport has introduced a comprehensive white paper outlining technology projects over the next ten years, including the installation of

Free Public Transport When Air is Bad is Pointless, Say Seoulites

Free Public Transport When Air is Bad is Pointless, Say Seoulites

SEOUL, Jan. 17 (Korea Bizwire) — Free public transportation during commuting hours, Seoul’s emergency response to the elevated levels of particulate matter in the atmosphere courtesy of China, has been met with an unenthusiastic response from Seoul residents, who have levied a wide range of criticisms against the measure, calling it pointless and superficial. Yesterday,

KT Launches Agricultural Drone Education Program

KT Launches Agricultural Drone Education Program

SEOUL, Jan. 17 (Korea Bizwire) — Telecom giant KT has opened an agricultural drone school in South Jeolla Province in the hopes of helping the farming community. KT’s ‘Giga Island Drone School’ opened at an experience center on Imja Island in Sinan County yesterday, featuring a number of facilities including a workshop and a simulation room,

Jeju Government Officials Meet Exhibition Agency to Discuss Possible Projects

Jeju Government Officials Meet Exhibition Agency to Discuss Possible Projects

JEJU, Jan. 17 (Korea Bizwire) — Exhibitions featuring famous film series such as Harry Potter and Avatar could soon be coming to Jeju Island. According to the Jeju Free International City Development Center (JDC) on Tuesday, city officials and representatives from German company AWC AG, Europe’s largest blockbuster exhibition agency, have agreed to hold business negotiations

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