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 [...]
SEOUL, March 5 (Korea Bizwire) — South Korea said Friday it plans to invest 115.3 billion won (US$102 million) this year to study deeper into state-of-the-art aviation technologies as it vowed to spare no efforts to help local companies to overcome the new coronavirus pandemic. The announcement is in line with the country’s 10-year development [...]
SEOUL, March 4 (Korea Bizwire) — South Korea announced Thursday it plans to invest 300 billion won (US$267 million) over the next three years to speed up the growth of the digital retail segment, which has recently enjoyed an unprecedented boom amid the COVID-19 pandemic. Under the plan, the country will not only pave the [...]
SEOUL, March 4 (Korea Bizwire) – South Korea’s ICT ministry said Thursday it will commit 96.8 billion won (US$86 million) this year to bolster the local 3-D printing industry. Last year, the country laid out a three-year plan to acquire new technology and components in 3-D printing to boost local manufacturing. The government provided 98.6 [...]
SEOUL, March 4 (Korea Bizwire) — South Korea said Thursday it will spend over 2 trillion won (US$1.78 billion) over the next 10 years to help local pharmaceutical companies develop new medicines that generate annual sales of over 1 trillion won. The country’s ambitious 2.18 trillion won project, which starts in July this year, will [...]
SEOUL, March 3 (Korea Bizwire) — Apartment prices in Seoul have continued to rise under the Moon Jae-in government, except for four months, despite a string of measures to stabilize the market, a civic group survey showed Wednesday. Such a policy failure has sharply widened the gap in the values of assets owned by homeowners [...]
SEOUL, March 3 (Korea Bizwire) — South Korea on Wednesday unveiled another set of measures to support airlines hit hard by the COVID-19 pandemic in the latest move to help airlines stay afloat during the crisis. The government will continue to reduce the airport usage fee for the airlines until June, the Ministry of Land, [...]
SEOUL, March 2 (Korea Bizwire) – South Korea said Tuesday it plans to expand its exports of fishery products by 30 percent through 2025 in line with its new vision to foster the industry as a new growth engine. Under the five-year blueprint, outbound shipments of fishery products are expected to each US$3 billion in [...]
SEOUL, Feb. 26 (Korea Bizwire) — Criticism is rising against the government’s push for renewable energy, with many claiming that government policies are directly responsible for the devastation of the natural environment across the country. Critics specifically point at solar generation facilities and wind turbines built in mountainous areas, and solar panels set up on [...]
SEOUL, Feb. 26 (Korea Bizwire) — The government plans to establish a platform that will enable users to check health-related information, including records on vaccination and medical treatment. The new ‘My Healthway’ platform is a system that gathers information on individuals’ health, including medical treatment records, life habits, physical strength and food consumption. Users will [...]