SEOUL, Dec. 23 (Korea Bizwire) — South Korea said Wednesday it plans to adopt the positive list system (PLS) to regulate the maximum residue limit of chemicals in meat and fish products in 2024. Under the measure, South Korea will set the ceiling of 0.01 milligrams per kilogram concerning the use of any types of [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea said Tuesday it will invest 520 billion won (US$470 billion) in biotechnology next year as part of efforts to develop treatment and vaccines for COVID-19. The Ministry of Science and ICT said the figure represents a 24.9 percent hike from 2020. The ministry said it will spend [...]
SEOUL, Dec. 22 (Korea Bizwire) — The Ministry of Food and Drug Safety has developed a new system dubbed ‘Patient Safety Information Check System’ that enables patients to check information on implanted medical devices such as breast implants and artificial joints. With the new system, patients can check a variety of information on their implanted [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korea said Monday it plans to foster what it calls the “Big 3″ industries, namely green cars, biohealth, and non-memory chips, in line with efforts to overcome economic fallout from the virus pandemic and seek sustainable growth. The combined amount of state funds allocated for the three segments [...]
SEOUL, Dec. 21 (Korea Bizwire) — The government has decided to intensify research and development (R&D) efforts to better respond to illegal drones that take aerial photos or videos without permission or fly in and around airports. The Ministry of Science and ICT recently announced that together with the Ministry of Trade, Industry and Energy [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea said Friday it will push to sign COVID-19 vaccine procurement contracts with Johnson & Johnson’s Janssen and Pfizer later this month and ink another deal with Moderna next month. The health ministry last week said it has secured early access of the vaccines developed by four pharmaceutical [...]
SEOUL, Dec. 18 (Korea Bizwire) — The government has completed measures designed to upgrade its money laundering prevention system. The Financial Intelligence Unit (FIU), a special unit that operates under the umbrella of the Financial Services Commission, said Thursday it had started the operation of a next-generation money laundering prevention system. The unit’s money laundering [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s 2021 economic policy plan underscores its commitment to boosting domestic demand and propping up the sluggish job market as the country sets its sights on overcoming economic slumps caused by the new coronavirus outbreak. The finance ministry unveiled two-pronged approaches in managing the 2021 economic policy plan, [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea has established free Wi-Fi networks on around 35,000 city buses operating across the nation, allowing citizens aboard to access the internet free of charge and reduce their mobile phone bills, the ICT ministry said Monday. The Ministry of Science and ICT said it marks the first time [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea said Friday it will set up a fund worth 26 billion won (US$24 million) to support the country’s growing digital media industry. The fund aims to help small and midsized digital media companies and one-person media as the COVID-19 pandemic has lead to increasing consumption of new [...]