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Gov’t to Deploy Another Medical Helicopter

Gov’t to Deploy Another Medical Helicopter

SEOUL, Mar. 18 (Korea Bizwire) — The government said Monday that it will deploy one more special helicopter equipped with state-of-the-art medical instruments in line with its efforts to expand emergency services in isolated areas, The so-called doctor helicopter is equipped with life-saving instruments and is capable of carrying patients to a large hospital in [...]

S. Korea to Inject 332 tln Won to Set Up ‘Embracing’ Social Security System

S. Korea to Inject 332 tln Won to Set Up ‘Embracing’ Social Security System

SEOUL, Feb. 12 (Korea Bizwire) — South Korea will inject 332 trillion won (US$295.2 billion) by 2023 to establish an “embracing” social security system as part of a long-term plan to improve the quality of life for its people, the government said Tuesday. The five-year plan, finalized at a Cabinet meeting and announced by the [...]

Regulatory ‘Sandboxes’ Help Ease Regulations for New Innovations

Regulatory ‘Sandboxes’ Help Ease Regulations for New Innovations

SEOUL, Jan. 11 (Korea Bizwire) — Hydrogen charging stations are crucial to boost the popularity of hydrogen electric vehicles, but it is practically impossible to install these stations in commercial areas under current laws. According to the Ministry of Trade, Industry and Energy on January 10, a method has been found to install the charging [...]

S. Korea Announces Plans to Raise Quality of Life by 2040

S. Korea Announces Plans to Raise Quality of Life by 2040

SEOUL, Dec. 19 (Korea Bizwire) — The South Korean government announced plans to achieve a 75 percent employment rate, 78 years of healthy life expectancy and a 10 percent relative poverty rate in a bid to rank South Korea among the world’s top 10 countries for quality of life by 2040, via its social security [...]

Government Aims to Make “Smart Construction” Possible by 2030

Government Aims to Make “Smart Construction” Possible by 2030

SEOUL, Nov. 1 (Korea Bizwire) — The South Korean government has established plans to create a system that utilizes smart construction technology by 2025 and to implement an automated construction system by 2030. This is according to the “smart construction technology roadmap” drawn up by the Ministry of Land, Infrastructure and Transport. Smart construction incorporates [...]

Gov’t Launches New Fund to Invest in Startups

Gov’t Launches New Fund to Invest in Startups

SEOUL, Sept. 3 (Korea Bizwire) — The government on Monday launched a 3 trillion-won (US$2.7 billion) fund to invest in promising startups as it seeks to promote innovation-led economic growth. The government has unveiled a set of support measures to boost innovative growth by providing funding and other incentives to eight key sectors, such as [...]

Gov’t to Bolster Chip, Display Industries, Improve Localization

Gov’t to Bolster Chip, Display Industries, Improve Localization

SEOUL, Feb. 8 (Korea Bizwire) — The industry ministry launched a project Thursday to bolster the country’s semiconductor and display sectors through new technology development and localized production. The project will be driven by the “Gap 5″ strategy, under which South Korea will try to maintain a five-year lead compared to emerging economies in the [...]