SEOUL, Oct. 30 (Korea Bizwire) — President Moon Jae-in said Friday the government plans to invest more than 20 trillion won (US$17.7 billion) in electric vehicles and other areas of green mobility by 2025. The president announced the investment plan, part of the administration’s ambitious Korean New Deal initiative, as he traveled to a manufacturing [...]
SEOUL, Oct. 30 (Korea Bizwire) – South Korea on Friday unveiled its master plan to further the electric vehicles (EV) and hydrogen fuel cell automobile sector by expanding the number of charging stations while making such cars more affordable for the people. Under the blueprint, the country will increase the number of accumulated sales of [...]
SEOUL, Oct. 30 (Korea Bizwire) — The government on Friday resumed a national discount coupon program aimed at resuscitating the domestic travel and dining industries that have suffered severely from the COVID-19 pandemic. The Central Disaster and Safety Countermeasure Headquarters said the government will start releasing discount coupons for travel programs, restaurants and lodging facilities [...]
SEOUL, Oct. 18 (Korea Bizwire) — The government will begin distribution of a series of discount coupons this week to spur consumption in the live performance, film and sports industries hit-hard by the coronavirus pandemic, officials said Sunday. From Thursday, the government will gradually provide discount coupons, starting with 40 percent discounts for entrance to [...]
SEOUL, Oct. 16 (Korea Bizwire) — With next-generation unlicensed frequency set to come in 16 years, the speed of Wi-Fi will become five times faster than the present. The Ministry of Science and ICT announced on Thursday that it will release the next-generation gigahertz (GHz) band (5,925 to 7,125 megahertz (MHz), 1.2 GHz bandwidth) frequency [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea said Wednesday it will invest more than 7 trillion won (US$6.1 billion) over the next two years in research and development for new growth engines in the latest move to secure technology for essential components amid uncertainties over the coronavirus pandemic. The COVID-19 pandemic has disrupted global [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s public institutions have been mandated to buy 8 percent of their annual procurements from startups. The Ministry of SMEs and Startups announced that the revised enforcement ordinance of the SME Establishment Support Act was resolved at a cabinet meeting and would take effect from Thursday. Under the [...]
SEOUL, Oct. 5 (Korea Bizwire) — The South Korean government plans to extend coverage of a high-precision road map, critical to the development of self-driving vehicles, up to 20,000 kilometers by 2022. The Ministry of Land, Infrastructure and Transport announced on Sunday that it will develop a high-precision road map covering about 14,000 kilometers of [...]
SEOUL, Sept. 28 (Korea Bizwire) — The government on Monday announced a set of measures to better protect the rights of underage celebrities, as more young people are pursuing dreams of a career in entertainment. Under the measures, the Office for Government Policy Coordination (OGPC) said it plans to require entertainment companies to more readily [...]
SEOUL, Sept. 24 (Korea Bizwire) — The government will propose a bill that will make class actions available in all areas beyond the securities field, the justice ministry said Thursday, in an effort to solve collective disputes and compensate victims more efficiently. The Ministry of Justice said it will announce the legislation plan Monday to [...]