SEOUL, Oct. 28 (Korea Bizwire) –The government and private sector will invest a combined 3.7 trillion won (US$2.6 billion) in 26 projects within the manufacturing industry to apply artificial intelligence (AI) technologies aimed at improving productivity, the industry ministry said Monday. Nine of the projects will be allocated to conglomerates, with small and medium-sized enterprises [...]
SEOUL, Oct. 28 (Korea Bizwire) — The oceans ministry said Monday it has signed an agreement with local port authorities to beef up anti-drone capabilities at local ports amid growing security concerns posed by unauthorized drones. Under the agreement, South Korea plans to operate anti-drone systems at ports in Busan, Incheon and Ulsan by next [...]
SEOUL, Oct. 28 (Korea Bizwire) – After the death of more than 1,000 Korean mountain goats – a natural monument and critically endangered species – last winter, the South Korean government has announced new protective measures for the upcoming winter season. The Ministry of Environment and the National Heritage Administration revealed on October 27 that they [...]
SEOUL, Oct. 27 (Korea Bizwire) – South Korea’s Finance Minister Choi Sang-mok vowed to minimize the pace of its government debt growth through stricter budget restructuring in a meeting with a manager of Moody’s Investors Service, the finance ministry said Sunday. Choi made the remarks when he met with Marie Diron, managing director of Moody’s [...]
SEJONG, Oct. 24 (Korea Bizwire) – The health ministry said Thursday it has selected eight institutions to launch a program in which general hospitals will focus more on treating critical patients while referring those with mild symptoms to local hospitals. Through the program, the government aims to have critically ill cases take up 70 percent [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s main gateway, Incheon International Airport, will begin allowing celebrities to use separate entrances in an effort to manage crowd control and improve safety for all travelers. The Incheon International Airport Corporation announced on October 23 that it had sent official notices to entertainment agencies regarding new procedures for artist [...]
SEOUL, Oct. 23 (Korea Bizwire) — The Seoul city government will deploy patrol forces and implement traffic controls in the city’s 15 most crowded districts during the upcoming Halloween week to prevent overcrowding, officials said Wednesday. The city has designated a “concentrated Halloween safety management period” from Friday to Nov. 3 to enhance patrols and [...]
UIJONGBU, Oct. 17 (Korea Bizwire) – In a bid to support small business owners grappling with high commissions and delivery fees, Gyeonggi Province is taking steps to stimulate the market for private delivery apps that charge commission rates of 2% or less. The provincial government announced on October 16 that it would be accepting applications from [...]
SEOUL, Oct. 16 (Korea Bizwire) – The Seoul Metropolitan Government announced on October 15 that it will conduct a comprehensive audit of 1,000 medical clinics that handle propofol, a powerful sedative, on average more than once a day. The audits will run from November 17 through January of next year. City officials cited the increasing misuse [...]
SEOUL, Oct. 16 (Korea Bizwire) — The government will provide low-interest loans and other support worth 8.8 trillion won (US$6.45 billion) for the semiconductor industry by next year in an effort to strengthen the competitiveness of the advanced sector, the finance ministry said Wednesday. It is part of execution plans for the comprehensive support package [...]