SEOUL, Feb. 3 (Korea Bizwire) — South Korea said Wednesday it will allocate 23 billion won (US$20.6 million) to build testing infrastructure for local producers of materials and parts for rechargeable batteries in line with its efforts to foster the sector as a new growth engine. The test center will allow small and midsized businesses [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea plans to build a public big data system by 2024 by compiling all data from government agencies. Statistics Korea introduced plans to build the K-Statistics System on Monday, a cloud-based public big data system that collects data from both central and regional governments as well as public [...]
SEOUL, Feb. 1 (Korea Bizwire) – South Korea said Monday it will provide 240 billion won (US$214 million) in support for research and development (R&D) in logic chips and the fabless chip sector this year as the country seeks to boost its semiconductor industry. The R&D plan aims to foster fabless chipmakers and bolster the [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea will invest 45 billion won (US$41 million) in the next five years to develop next-generation technologies to track and monitor space objects, a state-run research center said Wednesday. The new laser-based technologies are aimed at better monitoring objects that fly over the Korean Peninsula amid an increase [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s ICT ministry said Tuesday it will invest 165.5 billion won (US$150 million) this year to develop new business-focused technology that incorporates 5G, such as self-driving cars and virtual reality (VR) services, in a move to boost the country’s use of the latest generation network. While local 5G [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea said Tuesday it will invest nearly 28 billion won (US$25.3 million) in research and development (R&D) projects for eco-friendly automobiles and self-driving technologies in line with the country’s green energy drive. The country plans to allocate 13.4 billion won for research projects for electric vehicles and hydrogen [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s gender ministry said Monday that it will push forward with a plan to have unmarried couples living together recognized as official families. The Ministry of Gender Equality and Family noted that the 4th Healthy Family Basic Plan (2021-2025) includes measures to enable the formation of families in [...]
SEOUL, Jan. 20 (Korea Bizwire) — The government has announced that going forward, it will be able to access various statements on income, property taxes and real estate assets to estimate the value of assets held by those who fail to make child support payments. A new bill that amends legislation on child support payments [...]
SEOUL, Jan. 20 (Korea Bizwire) — To ensure the health of flight attendants who are exposed to cosmic radiation during flights, the government plans to greatly strengthen government regulations regarding annual exposure limits. The Ministry of Land, Infrastructure and Transport said Tuesday that it had issued an administrative notice concerning the revision of the cosmic [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea will inject 1.1 trillion won (US$999 million) into projects to develop autonomous driving technologies and establish related infrastructure by 2027, government officials said Thursday. The Ministry of Trade, Industry and Energy; the Ministry of Science and ICT; the Ministry of Land, Infrastructure and Transport; and the Korean [...]