JEJU, Jan. 17 (Korea Bizwire) — In an ambitious move, Jeju Island has announced a comprehensive five-year plan to revitalize its equine sector, committing an investment of 55 billion won. This initiative aims to enhance the breeding of Jeju horses, improve the performance of racehorses, expand equestrian experiences, and strengthen horse racing events. Moon Gyeong-sam, head of [...]
SEOUL, Jan. 17 (Korea Bizwire) — The Financial Services Commission in South Korea announced that about 2 trillion won of 17.9 trillion won in “hidden” financial assets has been returned to consumers following a successful campaign. The campaign, held from November 13 to December 22 last year, aimed to reunite consumers with their dormant financial assets. Participating [...]
SEOUL, Jan. 17 (Korea Bizwire) — The Ministry of the Interior and Safety (MOIS) in South Korea announced on January 16 its plan to introduce advanced analytical equipment to combat emerging drugs that have been circulating primarily through social media (SNS). According to the ministry, 24.7% of the drugs detected in the first half of last year [...]
SEOUL, Jan. 16 (Korea Bizwire) – Law enforcement agencies will be able to take mug shots of suspects involved in grave crimes without their consent under a new law set to go into effect next week, the justice ministry said Tuesday. The so-called mug shot disclosure bill, set to go into force on Jan. 25, [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s industry minister said Tuesday the government plans to unveil a plan to foster the local fabless sector in line with efforts to bolster the competitiveness of the semiconductor industry. The remark came after South Korea announced its plan this week to build a “semiconductor mega cluster” in [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s industry ministry unveiled a plan Tuesday to invest 3 trillion won (US$2.26 billion) in the robot sector with private businesses by 2030, with a goal of supplying 1 million robots to local industries. The plan for intelligence robots will focus on securing 80 percent of key robot [...]
SEOUL, Jan. 15 (Korea Bizwire) — Last December, sales of imported cars valued at over 100 million won in South Korea saw a significant increase compared to the previous month. This surge has been attributed to efforts to avoid the new green license plates, designated for corporate cars worth over 80 million won from January of this [...]
SEOUL, Jan. 15 (Korea Bizwire) — The Seoul education office said Monday it will open an online class-only school next year to provide high school students with courses unavailable at their own schools, as the country is set to introduce a high school credit system. The tentatively named Seoul Integrated Online School will open in [...]
SEOUL, Jan. 15 (Korea Bizwire) — President Yoon Suk Yeol said Monday that a semiconductor industry cluster being built outside Seoul is expected to create at least 3 million jobs over the next 20 years. Yoon made the remark during a policy debate held at Sungkyunkwan University’s Natural Sciences Campus in Suwon, 30 kilometers south [...]
WASHINGTON, Jan. 14 (Korea Bizwire) — As the U.S. presidential race officially kicks off this week, global attention is gravitating to the outlook for America’s post-election foreign policy that would have profound implications for its alliances, approach to North Korea and rivalry with China. The White House race is set to begin on Monday with [...]