SEOUL, Aug. 7 (Korea Bizwire) — South Korea is drafting an ambitious policy blueprint aimed at curbing the outflow of high-level science and technology talent while aggressively courting top-tier researchers from overseas, particularly in the field of artificial intelligence. According to government officials, the Ministry of Science and ICT has identified an initial demand for [...]
SEOUL, Aug. 6 (Korea Bizwire) — In a bold fusion of diplomacy and pop culture, South Korea’s Ministry of Agriculture, Food and Rural Affairs has drawn attention online by promoting an upcoming global food security summit with a viral video inspired by a hit Netflix animation. The ministry’s spokesperson, Jeon Han-young, dressed as “Abby,” a lion [...]
SEOUL, Aug. 6 (Korea Bizwire) — President Lee Jae-myung on Wednesday ordered a sweeping investigation and potential punitive measures against POSCO E&C, following a series of fatal industrial accidents at the company’s worksites this year. Speaking after yet another serious accident at a POSCO E&C construction site left a worker unconscious earlier this week, President [...]
National security concerns and U.S. trade pressure shape South Korea’s cautious stance on data sovereignty SEOUL, August 4 (Korea Bizwire) — The South Korean government is deferring a key decision on whether to allow Google to export high-resolution mapping data until after an upcoming summit between President Lee Jae-myung and U.S. President Donald Trump, underscoring [...]
MASGA initiative aims to deepen Korea-U.S. shipbuilding cooperation under Lee-Trump trade framework SEOUL, August 3 (Korea Bizwire) — South Korea’s leading shipbuilders have formed a joint task force to coordinate participation in the newly announced Korea-U.S. shipbuilding partnership, known as the MASGA (Maritime and Shipbuilding Growth Arrangement) initiative—a $150 billion sector-specific fund unveiled as part [...]
SEOUL, August 2 (Korea Bizwire) — South Korea’s emergency consumer coupon program, launched to revitalize local economies, achieved a 90% disbursement rate within just 11 days of rollout, but has since come under scrutiny over illegal cash conversions and human rights concerns related to the card’s design. The “Livelihood Recovery Consumer Coupons,” issued in prepaid [...]
SEOUL, August 1 (Korea Bizwire) — As South Korea prepares to review Google’s request to export high-resolution local mapping data next month, government officials are signaling that national security—not trade relations—will remain the key lens through which the issue is assessed. Despite recent speculation that the matter might surface in the context of U.S.-Korea trade [...]
SEOUL, Aug. 1 (Korea Bizwire) – In a bid to curb traffic violations and enhance safety among commercial motorbike drivers, South Korea’s Ministry of Land, Infrastructure and Transport announced Wednesday that it will launch a one-year pilot program in October requiring front-facing number stickers on delivery motorcycles. Currently, motorcycles in Korea are only required to [...]
SEOUL, August 1 (Korea Bizwire) — President Lee Jae Myung on Friday vowed efforts to promote balanced regional development, saying the government will provide more budgetary support for regions outside of the capital area. Lee made the remarks during a meeting with mayors and provincial governors at the presidential office, the first such gathering since [...]
SEOUL, July 31 (Korea Bizwire) — South Korea has begun allowing its nationals to contact North Koreans without restrictions, provided such contacts are declared in advance, Unification Minister Chung Dong-young said Thursday. Chung said he signed off on the disposal of ministry guidelines governing declarations of contacts with North Koreans the previous day, speaking to [...]