SEOUL, Dec. 1 (Korea Bizwire) — South Korea launched a global research and development cooperation program Tuesday to help local materials, parts and equipment makers forge technology tie-ups with German auto giant BMW and other foreign firms. Under the program, the government will invest 100 billion won (US$90.1 million) over the next three years starting [...]
SEOUL, Nov. 30 (Korea Bizwire) – The government announced Monday that it will launch a national winter season fine dust management program next month centered around reducing the amount of air pollutants during the season. The environment ministry said the program will run from December to March of next year and will center around the [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea will start to unveil more digital services, from mobile identification to artificial intelligence (AI) doctors, as the pandemic limits face-to-face contact, the ICT ministry said Thursday. The Ministry of Science and ICT said it has named key services to support for digital transition amid the pandemic, including [...]
SEOUL, Nov. 23 (Korea Bizwire) — The government announced Monday that it will suspend a nationwide discount coupon program aimed at promoting spending in the arts and leisure industries, as health authorities and local governments remain on alert over a new wave of COVID-19 cases. The culture ministry said it will halt the program that [...]
SEOUL, Nov. 18 (Korea Bizwire) – South Korea announced a large-scale investment plan for the biohealth industry on Wednesday in an effort to nurture what it sees as a future growth engine. Under the plan, 36 pharmaceutical makers and five venture capital firms, including Samsung Biologics Co. and Celltrion Inc., will invest a combined 10 [...]
SEOUL, Nov. 18 (Korea Bizwire) — Efforts are underway to mandate the signing of confidential maintenance contracts when big firms receive technical data from their subcontractor small and medium-sized enterprises (SMEs). The Ministry of SMEs and Startups announced on Tuesday that the revision of the law to promote mutual cooperation between large companies and SMEs [...]
SEOUL, Nov. 17 (Korea Bizwire) — After Internet backlash over the recent posting of an article about the adoption of a newborn baby through a mobile secondhand marketplace, the government has decided to greatly strengthen support and protection for single moms and single-parent families. On Monday, five government agencies including the Ministry of Gender Equality [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s three major mobile carriers have asked the government to disclose the information concerning the pricing of the frequency reallocation for the 3G and Long-Term-Evolution (LTE) networks. The telecom companies and the government have been locked in an impasse over the reallocation costs of 3G-LTE frequencies that are [...]
SEOUL, Nov. 9 (Korea Bizwire) — In line with the increasing prevalence of eco-friendly cars, the South Korean government has decided to strengthen inspection standards for electric vehicles (EVs). The Ministry of Land, Infrastructure and Transport will make an advance legislation notice about the revision of the Enforcement Regulation of the Automobile Management Act by [...]
SEOUL, Nov. 3 (Korea Bizwire) — The South Korean government said Tuesday that it will keep the current fixed book price system, which is aimed at helping local publishers stay afloat, nearly unchanged but will ease some discount regulations for customers. Under the government-led fixed price system, which was first launched in 2003 and refreshed [...]