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Gov’t May Consider Banning Travel to Myanmar if Unrest Worsens

Gov’t May Consider Banning Travel to Myanmar if Unrest Worsens

SEOUL, April 5 (Korea Bizwire) — The government could consider banning travel to Myanmar and arrange additional temporary flights to help South Koreans leave the country if the political unrest there worsens, a foreign ministry official said Monday. The government has helped organize one or two temporary flights a week from the Southeast Asian nation [...]

S. Korea to Speed Up Growth of Power Semiconductor Industry

S. Korea to Speed Up Growth of Power Semiconductor Industry

SEOUL, April 1 (Korea Bizwire) — South Korea pledged Thursday to support the power semiconductor industry amid growing demand for energy-efficient chips with stronger durability. Under the goal, the country plans to develop at least five power semiconductor products by 2025, according to the Ministry of Trade, Industry and Energy. South Korea also plans to [...]

S. Korea to Boost Eco-friendly Energy Tech to Achieve Carbon Neutrality by 2050

S. Korea to Boost Eco-friendly Energy Tech to Achieve Carbon Neutrality by 2050

SEOUL, March 31 (Korea Bizwire) — South Korea said Wednesday it aims to acquire core technologies in eco-friendly energy sectors, such as highly-efficient solar panels and large-scale wind turbines, to reach carbon neutrality by 2050. Last year, South Korea unveiled its carbon neutrality goal to reduce reliance on fossil fuels and nurture eco-friendly industries. Under [...]

Gov’t to Enforce ‘No Eating’ Policy at Sports Stadiums, Libraries, Museums as Virus Cases on Rise

Gov’t to Enforce ‘No Eating’ Policy at Sports Stadiums, Libraries, Museums as Virus Cases on Rise

SEOUL, March 28 (Korea Bizwire) — The government will ban eating at mass gathering establishments like sports stadiums, libraries and museums starting Monday, officials said, amid an uptick in COVID-19 cases. Eating will be banned at 21 types of public places, which also include karaoke bars, public saunas and movie theaters, and violators will be [...]

Gov’t Expresses Condolences over Deaths of 4 Ethnic Koreans in Atlanta Shootings

Gov’t Expresses Condolences over Deaths of 4 Ethnic Koreans in Atlanta Shootings

SEOUL, March 20 (Korea Bizwire) — The government expressed its condolences Saturday over the deaths of four women of Korean descent, including one South Korean national, in this week’s shootings in Atlanta. In a statement issued by the foreign ministry’s spokesman, the government said it expresses “deep condolences and profound consolation to the families” of [...]

S. Korea to Invest 200 bln Won in Developing Automotive Chip Technology

S. Korea to Invest 200 bln Won in Developing Automotive Chip Technology

SEOUL, March 10 (Korea Bizwire) — South Korea plans to invest more than 200 billion won (US$176 million) in developing automotive chip-making technology by 2022 in an effort to nurture the next-generation vehicle sector, the finance minister said Wednesday. Finance Minister Hong Nam-ki said the government plans to cooperate with local automakers to find ways [...]

S. Korea to Provide High-performance Computing Resources to Businesses and Institutions

S. Korea to Provide High-performance Computing Resources to Businesses and Institutions

SEOUL, March 8 (Korea Bizwire) — The Ministry of Science and ICT announced Sunday that it will provide high-performance computing resources to South Korean businesses and agencies in need of artificial intelligence (AI) development. High-performance computing resources are capable of processing large amounts of data at high speeds, accelerating the process of  AI development. Procuring [...]