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S. Korea to Spend Big on Next-generation Chip Sector

S. Korea to Spend Big on Next-generation Chip Sector

SEOUL, Jan. 19 (Korea Bizwire) – South Korea said Sunday that it will invest 1 trillion won (US$863 million) in the next 10 years to nurture the next-generation semiconductor sector. According to the science ministry, cutting edge artificial intelligent (AI) and system-on-chip (SoC) technology, low energy consumption, high performance new devices and ultrafine fabrication processing [...]

Gov’t to Subsidize Infertility Treatment for Low Income Households

Gov’t to Subsidize Infertility Treatment for Low Income Households

SEOUL, Jan. 10 (Korea Bizwire) — The government will pay up to 1.1 million won (US$947) a time for infertility treatment starting this year, considering the economic burden of the couple. The project is part of an initiative to provide support for treatment costs for the part of the medical insurance and non-wage medical expenses [...]

Majority of S. Koreans Say Government Can Use Their Health Data for Public Good

Majority of S. Koreans Say Government Can Use Their Health Data for Public Good

SEOUL, Jan. 7 (Korea Bizwire) — Most South Koreans are willing to tolerate the sharing and use of their health information, measured by smartphone applications, for public good such as the development of treatments for incurable diseases. According to an online survey conducted by the Korea Institute for Industrial Economics and Trade on 500 ordinary [...]

Government-appointed Lawyers to Help Debtors Avoid Malicious Lenders

Government-appointed Lawyers to Help Debtors Avoid Malicious Lenders

SEOUL, Jan. 6 (Korea Bizwire) – The government plans to hire lawyers who will prevent further losses to those who have been subjected to excessive bond collection by lenders or illegal private lenders. Financial authorities said Sunday that they plan to start a project to support the appointment of lawyers and legal counsels as early [...]

Gov’t Unveils ‘YouTube Rules’ for Civil Servants

Gov’t Unveils ‘YouTube Rules’ for Civil Servants

SEOUL, Dec. 31 (Korea Bizwire) — In the future, civil servants who do personal broadcasting on the Internet, such as videos uploaded to YouTube, must apply for a concurrent job permit with their agency if they meet certain profit requirements. The Ministry of Personnel Management prepared and unveiled “standard guidelines” including such information on Monday, [...]

Gov’t to Build World’s First Hydrogen Towns

Gov’t to Build World’s First Hydrogen Towns

SEOUL, Dec. 30 (Korea Bizwire) — South Korea plans to build the world’s first ‘hydrogen cities’ to promote the hydrogen economy. The Ministry of Land, Infrastructure, and Transport announced on Sunday that it chose Ansan, Ulsan, Wanju, and Jeonju as ‘candidate cities for the hydrogen economy,’ and Samcheok as a city that will specialize in [...]