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Seoul City to Subsidize Self-powered Elevators

Seoul City to Subsidize Self-powered Elevators

SEOUL, Mar. 29 (Korea Bizwire) — The Seoul Metropolitan Government announced on Thursday that it will increase subsidies for the installation of self-generating power devices for elevators. These types of devices store electricity generated from motors when elevators are in operation for future use. Seoul spent 100 million won (US$88,000) last year to install the [...]

Ambulances Upgraded with New Technology to Protect Paramedics from Unruly Patients

Ambulances Upgraded with New Technology to Protect Paramedics from Unruly Patients

SEOUL, Mar. 29 (Korea Bizwire) — The city of Seoul announced on Thursday that it will install warning broadcasts and emergency bells within ambulances to protect 119 paramedics from drunk citizens and others. The first 119 ambulance to feature the new technology is based at the Yangcheon Fire Station, which plans to issue a warning [...]

Gov’t to Invest 9.5 bln Won in Developing Hydrogen Station That Use Biogas

Gov’t to Invest 9.5 bln Won in Developing Hydrogen Station That Use Biogas

SEOUL, Mar. 21 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will invest 9.5 billion won (US$8.4 million) over the next three years to establish hydrogen charging stations that use biogas. The Ministry of Trade, Industry, and Energy said the project comes in line with the government’s vision of building a society that [...]

Military Seeks to Harness Cutting-edge Technologies for Troop Training

Military Seeks to Harness Cutting-edge Technologies for Troop Training

SEOUL, Mar. 15 (Korea Bizwire) — South Korea’s military will seek to employ virtual reality, artificial intelligence and other cutting-edge technologies for field training, defense operations and troop welfare, Seoul’s defense ministry said Friday. Defense Minister Jeong Kyeong-doo convened a session of his ministry’s “smart defense innovation” panel to discuss how to capitalize on such [...]

Seoul City to Refinish Public Buildings with Paint That Dissolves Fine Dust

Seoul City to Refinish Public Buildings with Paint That Dissolves Fine Dust

SEOUL, Mar. 8 (Korea Bizwire) — A photocatalytic paint that absorbs fine dust will be applied to public buildings in Seoul for the very first time. The Seoul Metropolitan Government announced on Thursday that it will repaint the outer walls of the Cinematheque Seoul Art Cinema located in Jung District with photocatalytic paint. “Once we [...]

‘VR Truck’ and ‘Car Scrapping Estimator’ Pass Regulatory Sandbox

‘VR Truck’ and ‘Car Scrapping Estimator’ Pass Regulatory Sandbox

SEOUL, Mar. 7 (Korea Bizwire) — A ‘VR Truck’ that goes around to different locations to deliver virtual reality (VR) content to variety of customers will soon be made available. A unique application that comes up with the estimated cost of scrapping a car will also be introduced. The South Korean Ministry of Science and [...]

Insurance Companies Develop ‘Mini Plans’ to Attract Young Customers

Insurance Companies Develop ‘Mini Plans’ to Attract Young Customers

SEOUL, Feb. 27 (Korea Bizwire) — South Korean health insurance companies are coming up with ‘mini insurance plans’ to attract customers in their 20s to 40s. Mini insurance plans allow customers to select specific levels of protection at affordable prices of less than 10,000 won (US$8.95) per month. KB Insurance Co. announced on Tuesday that [...]