SEOUL, April 12 (Korea Bizwire) — The government is gearing up to support the nation’s gas station industry, which is facing serial closures due to the prolonged COVID-19 pandemic and the growing popularity of eco-friendly vehicles. The Ministry of Trade, Industry and Energy recently issued a notice concerning the outsourcing of a study on how [...]
SEOUL, April 9 (Korea Bizwire) — The government plans to install 32 350-kilowatt (kW) ultra-rapid electric vehicle (EV) chargers at rest areas along major highways where the demand for EV charging is high. After conducting field investigations for major highways, the Ministry of Environment selected 16 rest areas on eight highways including the Gyeongbu Expressway [...]
SEOUL, April 8 (Korea Bizwire) – South Korea’s science ministry said Thursday it will spend 25.3 billion won (US$22.6 million) over six years to acquire core hydrogen-related technologies as the country seeks to boost its hydrogen industry. The ministry said it will commit 3.3 billion won this year and aims to develop promising hydrogen production [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s agricultural ministry said Thursday it plans to expand the size of the insects market to 140 billion won (US$124 million) by 2025 and foster the segment as a new growth engine for the country’s food industry. The targeted market value marks 55 percent growth from 2019, according [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]