SEOUL, April 25 (Korea Bizwire) — South Korea will launch an initiative to become one of three leading nations in the so-called game-changer industries that include artificial intelligence (AI) chip, advanced biology and quantum technologies by 2030, the science ministry said Thursday. The Presidential Advisory Council on Science & Technology held a meeting and decided [...]
UIJONGBU, Apr. 24 (Korea Bizwire) – The Gyeonggi provincial government has announced a new initiative to support pet owners who adopt rescue animals by subsidizing pet insurance premiums. The program, called the “Adopted Animal Assurance Insurance Support Project,” aims to reduce the financial burden of caring for adopted animals and promote a culture of pet adoption. [...]
WASHINGTON, April 19 (Korea Bizwire) – The won-dollar exchange rate may move toward stabilization if tensions in the Middle East do not escalate further, the chief of South Korea’s central bank forecast Friday, noting “many uncertainties” stemming from developments in the region. Bank of Korea (BOK) Gov. Rhee Chang-yong made the prediction as concerns over [...]
SEOUL, Apr. 18 (Korea Bizwire) – The South Korean private information protection watchdog requested Chinese e-commerce giants Thursday to faithfully comply with the South Korean law on personal data protection, the agency said. Personal Information Protection Commission (PIPC) Vice Chairperson Choi Jang-hyuk made the request during a meeting in Beijing with officials from AliExpress, Temu [...]
YEOSU, Apr. 18 (Korea Bizwire) –In an effort to alleviate the financial strain associated with pregnancy, the city of Yeosu in South Jeolla Province has announced that it will provide an allowance of 500,000 won to expectant mothers. According to Yeosu officials, previous support measures related to pregnancy, including a pregnancy confirmation fee, transportation expenses [...]
SEOUL, April 17 (Korea Bizwire) – The office of Seoul’s southern district of Gangnam has decided to ban the hosting of an upcoming adult festival on its premises, officials said Wednesday, marking the fourth entity to refuse to host the controversial event. The organizer of “2024 KXF The Fashion,” a rare adult festival in South [...]
SEOUL, Apr. 17 (Korea Bizwire) – As controversy swirled over the global circulation of an online slot machine game featuring the revered Korean naval commander Admiral Yi Sun-sin, the Korea Communications Standards Commission vowed to actively monitor and review such offerings to prevent their proliferation. The commission first requested that platform operators like YouTube enforce self-regulation [...]
SEOUL, Apr. 15 (Korea Bizwire) – The government will extend the tax cut on fuel consumption by an additional two months amid growing tensions in the Middle East, Finance Minister Choi Sang-mok said Monday. South Korea has applied a 25 percent discount on the consumption of gasoline and a 37 percent discount on the consumption [...]
SEOUL, Apr. 12 (Korea Bizwire) — South Korea and the United States have launched a bilateral working group on artificial intelligence (AI) focused on boosting tech cooperation and advancing joint research, the foreign ministry said Friday. The launch of the working group was approved last December at the inaugural South Korea-U.S. Next Generation Critical and [...]
SEOUL, Apr. 12 (Korea Bizwire) — The Seoul city government decided Friday to allow an outdoor reading event to be held at Seoul Plaza in front of City Hall on May 31, effectively rejecting the request of an annual LGBTQ festival there. The LGBTQ festival was one of three events that sought to use the [...]