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Gov’t Initiative Will Enable Universities and SMEs to Share Large Firms’ AI Models

Gov’t Initiative Will Enable Universities and SMEs to Share Large Firms’ AI Models

SEOUL, June 17 (Korea Bizwire) — The Ministry of Science and ICT said Thursday that it had launched a pilot project to enable universities and small and medium enterprises (SMEs) to share ultra-large artificial intelligence (AI) models developed by large companies. Ultra-large AI refers to next-generation AI technology that uses large-capacity data and supercomputing infrastructure [...]

S. Korea to Ease Regulations, Cut Taxes Under New Economic Policy Road Map

S. Korea to Ease Regulations, Cut Taxes Under New Economic Policy Road Map

SEOUL, June 16 (Korea Bizwire) — South Korea said Thursday it will ease regulations and lower corporate taxes in the first major economic policy step by the government of President Yoon Suk-yeol, as it aims to support private sector-led economic growth amid heightened economic uncertainty. Facing economic headwinds, the government lowered its 2022 economic growth [...]

Gov’t Unveils Deregulation of High-tech Education, Electric Cars, Healthcare

Gov’t Unveils Deregulation of High-tech Education, Electric Cars, Healthcare

SEOUL, June 13 (Korea Bizwire) — The government unveiled a set of deregulation measures for high-tech education, subsidies for electric cars and healthcare on Monday in line with President Yoon Suk-yeol’s pledge to help the private sector lead economic growth. The measures will ease 33 restrictions on university education in high-tech sectors, state subsidies on [...]

Gov’t Launches Pilot Program to Automate Repetitive Tasks Using Robots and Software

Gov’t Launches Pilot Program to Automate Repetitive Tasks Using Robots and Software

SEOUL, June 9 (Korea Bizwire) — The government has launched a pilot program in which robots are being used to automate repetitive and standardized tasks. The Ministry of the Interior and Safety announced on Wednesday the launch of a pilot program that will introduce so-called Robotic Process Automation (RPA) at several ministries and agencies. The [...]

Gov’t to Provide Counseling and Settlement Support to Immigrant Teenagers

Gov’t to Provide Counseling and Settlement Support to Immigrant Teenagers

SEOUL, May 30 (Korea Bizwire) – The government is offering counseling sessions to immigrant teenagers for their independence and social adjustment, and revamping various programs and curricula to raise awareness about multicultural families among elementary and middle school students. The Ministry of Gender Equality and Family said Sunday it will provide a variety of support [...]

Gov’t to Extend Support to Stalking Victims Even when There is No Direct Damage

Gov’t to Extend Support to Stalking Victims Even when There is No Direct Damage

SEOUL, April 27 (Korea Bizwire) — The government plans to provide support to stalking victims and their families even before they are directly harmed by stalking crimes. The Ministry of Gender Equality and Family said Tuesday that a revision of the law concerning the prevention of stalking crime and the protection of victims had been [...]

Gov’t to Extend Rent Subsidies for Low-income Young Adults

Gov’t to Extend Rent Subsidies for Low-income Young Adults

SEOUL, April 22 (Korea Bizwire) — The government has announced that it will extend financial support to reduce the monthly rent payment burden for low-income young adults. The Ministry of Land, Infrastructure and Transport on Thursday held a consultative meeting with the Office for Government Policy Coordination and the Ministry of Health and Welfare and [...]