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Ocean Ministry Teams Up with SK to Develop Eco-friendly Hydrogen Port

Ocean Ministry Teams Up with SK to Develop Eco-friendly Hydrogen Port

SEOUL, Sept. 16 (Korea Bizwire) — The Ministry of Oceans and Fisheries has signed a deal with energy-to-telecom conglomerate SK Group to establish a carbon-neutral and eco-friendly hydrogen port ecosystem. A hydrogen port is one that has been developed with a hydrogen energy ecosystem spanning the areas of hydrogen production, import, storage, supply, consumption and [...]

Gov’t to Offer Community-building Programs for Single-person Households

Gov’t to Offer Community-building Programs for Single-person Households

SEOUL, Sept. 15 (Korea Bizwire) — The government plans to expand support for single-person households. The Ministry of Gender and Equality said Tuesday that it will begin a new project for community-building among single-person households as problems of isolation or depression are rising as a social issue. Individuals living alone will now be able to [...]

S. Korea Designates More Hydrogen-focused Businesses

S. Korea Designates More Hydrogen-focused Businesses

SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s industry ministry on Monday designated eight additional hydrogen-focused businesses eligible to receive state financial support, in line with the country’s goal to slowly phase out conventional resources and go carbon neutral by 2050. The country launched a new law on promoting the hydrogen economy in February, under [...]

S. Korea to Invest 1.6 Trillion Won in Space Technology Development over Next Decade

S. Korea to Invest 1.6 Trillion Won in Space Technology Development over Next Decade

SEOUL, Sept. 3 (Korea Bizwire) — South Korea will invest around 1.6 trillion won (US$1.38 billion) over the next 10 years to expedite the development of key space technologies after the full lifting of U.S.-imposed restrictions on missile development, the arms procurement agency said Friday. Under the plan, diverse defense projects, such as the development [...]

Gov’t Calls for 100,000 Electric and Hydrogen-powered Taxis by 2025

Gov’t Calls for 100,000 Electric and Hydrogen-powered Taxis by 2025

SEOUL, Aug. 25 (Korea Bizwire) — The government plans to increase the distribution of electric and hydrogen-powered taxis to 100,000 units by 2025. To this end, it intends to establish a collaborative venture with municipal governments and related industries. The Ministry of Environment on Tuesday formed a business agreement with the Seoul Metropolitan Government, the [...]

Gov’t to Offer University Tuition Support to Some Families with Multiple Kids

Gov’t to Offer University Tuition Support to Some Families with Multiple Kids

SEOUL, Aug. 24 (Korea Bizwire) — The government has decided to provide low-to middle-income families with multiple children with university tuition support as part of policies for youth, Cheong Wa Dae said Tuesday. President Moon Jae-in received a briefing on the scheme, details of which will be made public on Thursday, according to Cheong Wa [...]

S. Korea to Invest 1.6 tln Won to Develop Military Satellite Technologies

S. Korea to Invest 1.6 tln Won to Develop Military Satellite Technologies

SEOUL, Aug. 19 (Korea Bizwire) — South Korea plans to invest 1.6 trillion won (US$1.37 billion) in the next 10 years to secure core technologies for satellite development in the defense sector, the arms procurement agency said Thursday. The plan is part of a series of measures aimed at upgrading the country’s defense capabilities in [...]