SEOUL, Nov. 9 (Korea Bizwire) – South Korea plans to cut 1.6 million tons of greenhouse gas emissions each year from 2030 by utilizing cattle feces as a new source of energy, the government said Friday. Under the project, Korea Southern Power Co. will build related facilities and generate power, daily using 4,000 tons of [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea aims to fully self-supply radioactive isotopes by 2030 as part of efforts to foster the local radiobiology industry and begin exporting radiopharmaceuticals by 2035, the science ministry said Thursday. “We have devised a strategy to spearhead into the global radiopharmaceuticals market by improving domestic production capabilities of [...]
SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government is set to lower barriers for foreign investment in the Saemangeum reclamation project, one of the country’s largest infrastructure developments, according to a joint announcement on November 6 by the Ministry of Land, Infrastructure and Transport and the Saemangeum Development and Investment Agency. Under current regulations, [...]
SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push for upping regulations on domestic and foreign platform operators such as Telegram as part of its comprehensive plan aimed at eradicating deepfake-related sexual crimes. Under the plan, online messaging app Telegram will be required to have an agent representing the company in [...]
SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will begin accepting applications for a newly introduced special visa category for global startup entrepreneurs this week. According to the Ministry of SMEs and Startups and the Ministry of Justice, the government will begin accepting applications Thursday for the Startup Korea Special Visa, or [...]
SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push to expand the scope of undercover investigations into deepfake sex crimes to include cases where the victims are adults. The Office for Government Policy Coordination unveiled the measure as part of a package of steps drawn up together with relevant ministries to [...]
SEOUL, Nov. 6 (Korea Bizwire) – The Seoul Metropolitan Government announced on November 5 that it will become the first city in South Korea to designate “scooter-free zones” on streets with high accident risks, marking a significant shift in urban mobility management. The city will also begin immediate towing of illegally parked e-scooters, with municipal officials, [...]
SEOUL, Nov. 6 (Korea Bizwire) – A Seoul Metropolitan Government initiative providing companion plants to socially isolated young adults has led to decreased depression levels and improved self-efficacy among participants, according to city officials on November 5. The program, which marks a crucial first step in encouraging social participation among isolated youth, has shown tangible benefits [...]
SEOUL, Nov. 5 (Korea Bizwire) – South Korea’s economy could face severe long-term consequences if it fails to adequately address the climate crisis, with projections showing an annual growth rate decline of 0.3 percentage points and a 21% drop in GDP by 2100, according to a new report from the Bank of Korea. The central bank [...]
SEOUL, Nov. 5 (Korea Bizwire) – French beef is set to make its return to South Korean markets after a 24-year hiatus, marking a significant development in bilateral trade relations. The ban, implemented in 2000 due to concerns over Bovine Spongiform Encephalopathy (BSE), commonly known as mad cow disease, was recently lifted following extensive safety verifications. [...]