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Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]

Work Exchange Program Offers Government Officials Temporary Work at Commercial Firms

Work Exchange Program Offers Government Officials Temporary Work at Commercial Firms

BUSAN, Nov. 2 (Korea Bizwire) – The Temporary Private Enterprise Exchange Program was first implemented in February by the Busan Metropolitan Government, allowing civil servants the opportunity to take up employment at commercial firms for a certain period of time, until they return to their government posts of origin.  The system was initially met with [...]

Ruling Party Urges Government to Bolster Clean Air Policy

Ruling Party Urges Government to Bolster Clean Air Policy

SEOUL, June 2 (Korea Bizwire) – South Korea’s ruling party has urged the government to prioritize improving the country’s air quality instead of only focusing on policy for energy efficiency.  “While the government has been promoting diesel automobiles for energy efficiency, it is important to realize these cars contribute to air pollution problems,” Rep. Chung Jin-suk, the [...]

S. Korea Creates New ‘Control Tower’ on Sci-tech Policy

S. Korea Creates New ‘Control Tower’ on Sci-tech Policy

SEOUL, May 12 (Korea Bizwire) – South Korea launched a presidential council on science and technology Thursday to oversee the nation’s efforts to overhaul the research and development (R&D) sector. The “strategic” panel, headed by President Park Geun-hye, will serve as a “control tower” and a “trouble shooter” for South Korea’s overall science and technology [...]

S. Korea Declares War on Excessive Sugar Intake

S. Korea Declares War on Excessive Sugar Intake

SEOUL, April 7 (Korea Bizwire) - The government here on Thursday announced an unprecedented campaign to reduce sugar consumption by its people, designating sugar as the main culprit behind the rising rates of obesity, diabetes and other chronic diseases in Korean society. In the initial five-year phase of the anti-sugar campaign, the Ministry of Food and Drug Safety will [...]

S. Korean Car Sharing Industry Speeds Up with Gov’t Backup

S. Korean Car Sharing Industry Speeds Up with Gov’t Backup

SEOUL, March 4 (Korea Bizwire) – The South Korean car sharing industry is picking up speed to expand beyond the niche market to go mainstream as the government is set to ease regulations on the industry’s operation as a way to curb congestion and pollution. Short-term, automated car rentals entered the local business scene in [...]