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S. Korea to Resume Distribution of Coupons for Museums, Theaters, Sports Facilities

S. Korea to Resume Distribution of Coupons for Museums, Theaters, Sports Facilities

SEOUL, Oct. 18 (Korea Bizwire) — The government will begin distribution of a series of discount coupons this week to spur consumption in the live performance, film and sports industries hit-hard by the coronavirus pandemic, officials said Sunday. From Thursday, the government will gradually provide discount coupons, starting with 40 percent discounts for entrance to [...]

Gov’t Mandates Public Institutions to Buy 8 pct of Annual Procurements from Startups

Gov’t Mandates Public Institutions to Buy 8 pct of Annual Procurements from Startups

SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s public institutions have been mandated to buy 8 percent of their annual procurements from startups. The Ministry of SMEs and Startups announced that the revised enforcement ordinance of the SME Establishment Support Act was resolved at a cabinet meeting and would take effect from Thursday. Under the [...]

Gov’t to Extend Coverage of High-precision Road Map for Autonomous Vehicles

Gov’t to Extend Coverage of High-precision Road Map for Autonomous Vehicles

SEOUL, Oct. 5 (Korea Bizwire) — The South Korean government plans to extend coverage of a high-precision road map, critical to the development of self-driving vehicles, up to 20,000 kilometers by 2022. The Ministry of Land, Infrastructure and Transport announced on Sunday that it will develop a high-precision road map covering about 14,000 kilometers of [...]

Gov’t Draws Up Plan to Better Protect Rights of Young Celebrities

Gov’t Draws Up Plan to Better Protect Rights of Young Celebrities

SEOUL, Sept. 28 (Korea Bizwire) — The government on Monday announced a set of measures to better protect the rights of underage celebrities, as more young people are pursuing dreams of a career in entertainment. Under the measures, the Office for Government Policy Coordination (OGPC) said it plans to require entertainment companies to more readily [...]

Gov’t Seeks Legislation on Expanding Class Actions to All Fields

Gov’t Seeks Legislation on Expanding Class Actions to All Fields

SEOUL, Sept. 24 (Korea Bizwire) — The government will propose a bill that will make class actions available in all areas beyond the securities field, the justice ministry said Thursday, in an effort to solve collective disputes and compensate victims more efficiently. The Ministry of Justice said it will announce the legislation plan Monday to [...]

S. Korea Unveils Investment Plan for Dementia Diagnosis, Treatment

S. Korea Unveils Investment Plan for Dementia Diagnosis, Treatment

SEOUL, Sept. 21 (Korea Bizwire) — South Korea will invest 200 billion won (US$172 million) over the next nine years to conduct research on technologies for the diagnosis and treatment of dementia, the health ministry said Monday. The investment plan was unveiled to mark World Alzheimer’s Day, designated by the World Health Organization to boost [...]