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Government Accelerates Tech Patent Process

Government Accelerates Tech Patent Process

DAEJEON, Apr. 25 (Korea Bizwire) — South Korea has cut short the patent application process for a number of technologies that are part of the so-called ‘Fourth Industrial Revolution’. The Korean Intellectual Property Office (KIPO) launched a fast track today for patent applications for a select few technologies including 3D printing, self-driving, big data, cloud computing [...]

South Korea to Help Developing Countries Reduce Greenhouse Gas Emissions

South Korea to Help Developing Countries Reduce Greenhouse Gas Emissions

SEOUL, Apr. 25 (Korea Bizwire) — South Korea will help developing countries reduce emissions of harmful greenhouse gases by offering technological support, the science ministry has said. According to a long-term climate technology cooperation plan announced by the Ministry of Science and ICT on Monday, South Korea will help developing countries reduce greenhouse gas emissions, with [...]

Foreign Shareholders Take Nearly Half of Cash Dividends in 2017

Foreign Shareholders Take Nearly Half of Cash Dividends in 2017

SEOUL, Apr. 25 (Korea Bizwire) — Nearly half of cash dividends from South Korean conglomerates last year went to foreign shareholders, with Samsung Electronics leading the pack, data from the financial regulator showed Wednesday. The top 30 listed firms in terms of market cap paid 17.39 trillion won (US$16.13 billion) in cash dividends in 2017, [...]

Experts Divided Over Comments Section Regulations

Experts Divided Over Comments Section Regulations

SEOUL, Apr. 24 (Korea Bizwire) — South Korean internet experts are voicing different opinions regarding regulations on the comments sections typically found on news websites following a recent online opinion rigging scandal. In the wake of the ‘Druking’ scandal, which involves politicians who are accused of rigging public opinion by using an automation program, some South [...]

Disabled People No Longer Obliged to Disclose Disability to Insurance Companies

Disabled People No Longer Obliged to Disclose Disability to Insurance Companies

SEOUL, Apr. 24 (Korea Bizwire) — South Korean insurance companies can no longer ask disabled people to disclose their disability before extending coverage, according to financial authorities. The Financial Services Commission (FSC) announced plans on Monday to abolish the obligation for the disabled to reveal disabilities to insurance companies in a move to eradicate discrimination against [...]

Local Governments Courting North Korea

Local Governments Courting North Korea

SEOUL, Apr. 24 (Korea Bizwire) — Municipalities across South Korea are considering cooperation with North Korea including cultural exchanges ahead of major peace talks. Buoyed by the PyeongChang Winter Olympics and the upcoming peace talks, a number of local governments are toying with the idea of resuming economic and cultural exchanges with the North, which came [...]

Outbound South Korean Female Travelers Outstrip Men

Outbound South Korean Female Travelers Outstrip Men

SEOUL, Apr. 24 (Korea Bizwire) — The number of outbound South Korean women travelers outstripped men for the first time last year. According to a report released by the Korea Association of Travel Agents, over 24.83 million South Korean women traveled abroad last year, excluding flight attendants who accounted for 6.3 percent. In the meantime, the [...]

No More Umbrella Bags in Seoul

No More Umbrella Bags in Seoul

SEOUL, Apr. 24 (Korea Bizwire) — Seoul has announced plans to do away with disposable plastic umbrella covers starting from next month. The Seoul Metropolitan Government will no longer use plastic umbrella bags at public buildings and subway stations from May as part of efforts to reduce the use of disposable products. “In light of the [...]