SEOUL, June 16 (Korea Bizwire) — The Seoul Metropolitan Government announced new measures on Sunday to enhance oversight of real estate transactions involving foreign nationals, aiming to address rising concerns over transparency, market disruption, and perceived unequal treatment of domestic buyers. As foreign ownership of property in South Korea increases, Seoul officials plan to scrutinize sources [...]
SEOUL, June 16 (Korea Bizwire) — In an escalating effort to combat the rise of clandestine drug trafficking, South Korean police announced plans to equip narcotics units with industrial endoscope cameras to locate drugs hidden in hard-to-access spaces. The new tools, which will be distributed later this year to 71 drug investigation teams across 18 metropolitan [...]
SEOUL, June 16 (Korea Bizwire) — After completing a successful safety trial, Seoul will expand its late-night autonomous taxi service to cover all of the Gangnam district starting June 16, city officials announced Sunday. The program, launched in September 2024 as South Korea’s first public self-driving taxi pilot, currently operates between select neighborhoods such as Yeoksam, [...]
SEOUL, June 16 (Korea Bizwire) — South Korea is intensifying efforts to secure global leadership in artificial intelligence by investing ₩300 billion (approximately $220 million) over the next five years to recruit 400 elite postdoctoral researchers in AI convergence fields. Announced on Sunday by the Ministry of Science and ICT and the country’s four premier science [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s exports to the Association of Southeast Asian Nations (ASEAN) countries are on the rise, helping offset recent drops in shipments to the United States and China amid a global trade war sparked partly by the U.S.’ evolving tariff policies, data showed Sunday. Outbound shipments to the ASEAN [...]
SEOUL, June 15 (Korea Bizwire) — In a bid to counter South Korea’s declining birthrate, the government and major transit operators are rolling out a series of expanded transportation benefits aimed at easing the burden on families with multiple children. Recent additions include priority departure services at major airports, discounted high-speed rail fares, and enhanced fare [...]
SEOUL, June 13 (Korea Bizwire) — President Lee Jae-myung on Friday pledged to lift unnecessary regulations and provide supports on trade to companies, saying that his government would pursue a “pragmatic and flexible” trade policy to overcome crisis. Lee made the remarks at a meeting with the heads of the nation’s top five conglomerates, including [...]
Seoul, June 12 (Korea Bizwire) — As President Lee Jae-myung’s administration sets its sights on making South Korea one of the world’s top three artificial intelligence (AI) powers, a growing chorus within the tech industry is calling for a shift in focus — from grand-scale infrastructure projects to practical, sector-specific solutions that bridge the widening gap [...]
SEOUL, June 12 (Korea Bizwire) — The South Korean government has released a comprehensive white paper chronicling its response to the COVID-19 pandemic, detailing a 1,564-day journey from the nation’s first confirmed case to the official downgrade of the health crisis. Titled “2020–2024 COVID-19 White Paper,” the document was published by the Ministry of Health [...]
CHEONGJU, June 11 (Korea Bizwire) — Amid rising temperatures and shifting weather patterns driven by climate change, South Korea’s disease control agency has unveiled a comprehensive five-year plan to strengthen the nation’s defenses against vector-borne diseases such as Japanese encephalitis, malaria, and tick-borne infections. At a briefing held Wednesday at its Osong headquarters, the Korea [...]