SEOUL, Aug. 24 (Korea Bizwire) — The government and the ruling party agreed Tuesday to set aside a record budget to issue discount coupons for small businesses next year to boost spending and revitalize the economy. During a meeting between senior government officials and the People Power Party at the National Assembly, the two sides [...]
SEOUL, Aug. 16 (Korea Bizwire) – Health authorities said Friday they plan to supply treatments for 260,000 COVID-19 patients, as the nation saw a surge in cases due to a summer wave. “We have started contacting global pharmaceutical companies after recognizing that treatments are being used more widely than before, and the supply will start [...]
SEOSAN, Aug. 15 (Korea Bizwire) – In the wake of recent electric vehicle (EV) fires, local governments across South Korea’s South Chungcheong Province are rushing to implement safety measures, marking a shift from their previous focus on promoting EV adoption through subsidies. The city of Seosan is at the forefront of these efforts. City officials said [...]
SEOUL, Aug. 13 (Korea Bizwire) – Financial firms will be allowed to use generative artificial intelligence and cloud computing to develop new innovative products once they secure the means to ensure the security of their networks, the financial regulator said Tuesday. Financial firms have been required to keep their networks separated from the internet since [...]
SEOUL, Aug. 13 (Korea Bizwire) –The government will recommend automakers voluntarily disclose the battery brand information of all electric vehicles sold in South Korea, the Office for Government Policy Coordination (OPC) said Tuesday. The decision was made at a vice-ministerial meeting of EV-related ministries and agencies, the OPC said, amid growing public concern about [...]
SEOUL, Aug. 13 (Korea Bizwire) – The Ministry of Health and Welfare announced on August 12 that starting next year, South Koreans will have unprecedented access to their medical records from all tertiary hospitals across the country through a government-operated platform called the Health Information Highway. This digital initiative aims to consolidate dispersed medical data from [...]
SEOUL, Aug. 9 (Korea Bizwire) – Almost fully charged electric vehicles will be discouraged from entering apartment underground parking garages to prevent overcharging that is often blamed for EV fires, the Seoul city government said Friday. The city government said it will push to block the entry of EVs that are more than 90 percent [...]
SEOUL, Aug. 9 (Korea Bizwire) – Amid growing public concern over recent electric vehicle (EV) fires, the Ministry of Trade, Industry and Energy convened an urgent meeting on August 8 to discuss preventive measures against future incidents. The emergency conference, held at the Korea Chamber of Commerce and Industry in Seoul, brought together automotive industry representatives, [...]
SEOUL, Aug. 8 (Korea Bizwire) — The military manpower agency said Thursday it will strengthen legal compliance education for social service agents after BTS member Suga’s drunk-driving incident on an electric scooter earlier this week. On Tuesday night, the 31-year-old, who is currently serving his mandatory military service as a social agent, was booked and [...]
SEOUL, Aug. 8 (Korea Bizwire) — The government is considering requiring electric vehicle manufacturers to disclose information on car batteries amid an EV scare following a massive fire caused by a Mercedes-Benz vehicle last week, according to sources Thursday. According to the sources, the Ministry of Land, Infrastructure and Transport is reviewing the measures for [...]