SEOUL, April 6 (Korea Bizwire) — South Korea will funnel a total of 160 trillion won (US$122 billion) into research and development to foster research capabilities in the three key technology sectors of semiconductors, displays and next-generation batteries by 2027, the science ministry said Thursday. Under the road map submitted to a government meeting, the [...]
SEOUL, April 5 (Korea Bizwire) — The Ministry of Science and ICT said Tuesday it will invite regional for-profit and non-profit organizations to participate in a project designed to promote the creation of a metaverse work environment. The project, dubbed “Metaverse Nomad,” was introduced last year on a trial basis, and more than 300 employees from [...]
SEOUL, March 29 (Korea Bizwire) — South Korea will temporarily exempt people from 22 visa-waiver nations, including the United States, Japan and Taiwan, from mandatory online travel permits and transit visa requirements as part of efforts to attract more foreign tourists and boost domestic demand, the finance ministry said Wednesday. These are a set of [...]
SEOUL, March 14 (Korea Bizwire) — The issue of street cats has long been a contentious one in South Korea. Those who continue to feed or make homes for them, affectionately called “cat moms” or “cat dads,” often find themselves at odds with residents who despise the animals. Residents claim that the cats create noise [...]
SEOUL, March 7 (Korea Bizwire) — Five Korean government ministries are joining forces to protect honeybees from the impact of climate change. The Rural Development Administration, the Ministry of Agriculture, Food and Rural Affairs, the Ministry of Environment, the Korea Forest Service, and the Korea Meteorological Administration are collaborating to combat the alarming decline in [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s health ministry recently announced the 5th Basic Plan for Suicide Prevention (2023-2027) during a public hearing on Feb. 13. One of the key initiatives is the ban on the production of coal fire lighters, which are commonly used in suicide attempts, and the development of eco-friendly alternatives. [...]
SEOUL, Feb. 27 (Korea Bizwire) — The government’s major policies have come under fire due to their potential impact on the South Korean agricultural industry. One such policy involves the slaughter of a large number of cows to lower the wholesale price of Korean beef, while another seeks to remove Shindongjin, a top-quality rice variety, [...]
SEOUL, Feb. 16 (Korea Bizwire) — The government has announced plans to address the public’s grievances over soaring heating costs this winter by implementing measures to broaden household cashback programs and increase the number of beneficiaries. The “home cashback” initiative, which was introduced this winter, provides households with refunds when they reduce their gas usage [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korea will invest 52.5 billion won (US$41.81 million) in 96 fresh projects to develop technologies for major materials, components and equipment this year in an effort to promote advanced industries and to better ensure stable supply chains, the industry ministry said Tuesday. It is part of a total [...]
SEOUL, Feb. 6 (Korea Bizwire) — The amended plans for electric vehicle (EV) subsidies, normally announced in mid-January by the government, were finally announced last week, likely due to delays caused by negotiations over differentiating subsidy plans between imported and domestic cars. The plan stipulates that subsidies will be provided at a rate of 100 [...]