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S. Korea to Spend 670 bln Won on Cyber Security by 2023

S. Korea to Spend 670 bln Won on Cyber Security by 2023

SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s ICT ministry said Thursday it will spend 670 billion won (US$607 million) by 2023 to bolster the country’s cyber security capabilities to respond to growing new digital threats. The Ministry of Science and ICT said it will develop infrastructure to quickly respond to cyber security threats, by [...]

S. Korea to Increase Number of Eco-friendly Cars to 7.85 mln by 2030

S. Korea to Increase Number of Eco-friendly Cars to 7.85 mln by 2030

SEOUL, Feb. 18 (Korea Bizwire) — South Korea said Thursday the accumulated number of eco-friendly cars running in the country will reach 7.85 million by 2030, in line with its vision to go fully carbon-neutral by 2050. The target will mark a sharp rise from 820,000 units tallied in the previous year, according to the [...]

New Law Obliges Public Agencies to Reduce Use of Disposable Products

New Law Obliges Public Agencies to Reduce Use of Disposable Products

SEOUL, Feb. 15 (Korea Bizwire) — A recommended list of instructions for public agencies on reducing the use of disposable products will soon become a legal obligation. The Ministry of Environment recently announced plans for enactment of this new law. The new bill bans public agencies from buying or using disposable products during official events [...]

Gov’t to Double Subsidies for Early Scrapping of Old Diesel Cars

Gov’t to Double Subsidies for Early Scrapping of Old Diesel Cars

SEOUL, Feb. 5 (Korea Bizwire) — Early scrapping of old diesel cars that cannot be fitted with low-emission devices will be subject to higher government compensation. The Ministry of Environment and the Ministry of Economy and Finance introduced a new project for early scrapping of diesel cars with grade 5 emissions on Friday. This year, [...]

S. Korea to Spend More for Future Cars Under New Deal Scheme

S. Korea to Spend More for Future Cars Under New Deal Scheme

SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to raise 200 billion won (US$179 million) this year to nurture eco-friendly automobiles and other state-of-the-art technologies, in line with the country’s New Deal drive announced last year. The Ministry of Trade, Industry and Energy said it has clinched a memorandum [...]

South Korea to Step Up Protection of Finless Porpoises

South Korea to Step Up Protection of Finless Porpoises

SEOUL, Feb. 3 (Korea Bizwire) — South Korea announced a new plan on Tuesday to protect finless porpoises reportedly dying off the southwestern coast. The Ministry of Oceans and Fisheries will begin looking into the habitats of finless porpoises in the southern region of the west coast and the coastline along South Gyeongsang Province to collect [...]