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More Transparency for Bank Loan Interest Rates

More Transparency for Bank Loan Interest Rates

SEOUL, Jun. 18 (Korea Bizwire) — Starting as early as the latter half of the year, consumers who have taken out bank loans will be able to request information from banks as to how their interest rates are being calculated. In addition, a detailed breakdown of interest rates for each bank to be publicly announced [...]

New Campaign Gives Abandoned Dogs a Chance for a New Home

New Campaign Gives Abandoned Dogs a Chance for a New Home

SEOUL, Jun. 15 (Korea Bizwire) — The Seoul Metropolitan Government announced today plans to operate a program that would allow Seoul residents to take a stroll in the park with abandoned dogs before making a decision whether or not to adopt the animal. The adopt-a-dog campaign is scheduled to take place at two venues in [...]

Vending Machines to Start Selling Beef

Vending Machines to Start Selling Beef

SEOUL, Jun. 14 (Korea Bizwire) — Starting at the end of this month, beef will be available through IoT-based vending machines for purchase by consumers. The measure is aimed at relaxing measures previously binding the livestock industry while helping consumers gain easier access to beef. When beef goes on sale at vending machines, consumers will [...]

Parking Tickets Go High-tech

Parking Tickets Go High-tech

SEOUL, Jun. 12 (Korea Bizwire) — The Seoul Metropolitan Government is trying to lower costs by digitalizing parking tickets. According to an official announcement yesterday, the city will join hands with the Korea Internet and Security Agency (KISA) to create a digital system that will make it possible to transmit parking tickets via a mobile [...]

S. Korea to Use AI in Drug Discovery

S. Korea to Use AI in Drug Discovery

SEOUL, Jun. 7 (Korea Bizwire) — South Korea will spearhead a project to develop a drug platform based on artificial intelligence (AI) and big data, the government said Thursday, in the latest effort to transform the country into a global biotech and medical industry hub. A total of four research centers and universities — the [...]

Gov’t Supports Pet Food Made of Insects

Gov’t Supports Pet Food Made of Insects

SEOUL, Jun. 4 (Korea Bizwire) — The South Korean Rural Development Administration (RDA) revealed yesterday that a firm that produces pet food from edible insects will be entering the domestic animal feed market. The RDA will provide technological support so that the firm can eventually export its products. Ptecticus, the insect to be used as [...]

Cooling System to Lower Heat at Gwanghwamun Plaza

Cooling System to Lower Heat at Gwanghwamun Plaza

SEOUL, May 31 (Korea Bizwire) — Visitors to Seoul’s Gwanghwamun Plaza will be able to enjoy refreshing wisps of cool air starting tomorrow. The Seoul Metropolitan Government announced yesterday that from June 1 to the end of August, a cooling fog system will be activated by the plaza’s 77-meter footpath. The system will disperse tiny [...]