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S. Korea to Invest 248 bln Won in Smart Farming in 2020

S. Korea to Invest 248 bln Won in Smart Farming in 2020

SEOUL, Sept. 3 (Korea Bizwire) — South Korea plans to allocate a whopping 248 billion won (US$203 million) for next year to nurture the country’s smart farming industry, Seoul’s agriculture ministry said Tuesday. The budget, which must be approved by parliament later this year, marks a more than 50-percent surge from 162 billion won earmarked [...]

S. Korean Finance Minister Stresses Budget Frontloading in Q1

S. Korean Finance Minister Stresses Budget Frontloading in Q1

SEJONG, Jan. 26 (Korea Bizwire) – South Korea’s finance minister asked government ministries and agencies on Tuesday to make all-out efforts to frontload their budget spending in the first quarter to preemptively cope with rising economic uncertainties at home and abroad. “The government is pushing forward with the frontloading of fiscal spending in the first [...]

S. Korea to Hike Security Budget for Diplomatic Missions in 2016

S. Korea to Hike Security Budget for Diplomatic Missions in 2016

SEJONG, Dec. 30 (Korea Bizwire) – South Korea will sharply increase the budget allocated to beefing up security at its diplomatic missions in 2016, in the face of mounting threats to its diplomats and facilities, the government said Wednesday. According to the finance ministry, 26.5 billion won (US$22.6 million) will be set aside in the [...]