SEOUL, May 7 (Korea Bizwire) — South Korea aims to expand its gaming industry by a third by 2024, as the sector is emerging as a powerful growth engine in the post-pandemic economy. The Ministry of Culture, Sports and Tourism on Thursday announced a five-year development plan, including relaxed regulations, increased support for businesses and [...]
SEOUL, May 7 (Korea Bizwire) — A plan will be implemented to renovate empty offices or shops in downtown Seoul and supply them to single-person households, including car-free youth. Announcing measures to supply housing in the metropolitan area Wednesday, the Ministry of Land, Infrastructure and Transport proposed a solution to renovate empty offices and shops [...]
SEOUL, May 4 (Korea Bizwire) – The government has decided to pre-purchase airline tickets in a bid to help the airline industry, which is suffering from the prolonged outbreak of the new coronavirus. The Ministry of Land, Infrastructure and Transport said Sunday it has signed a business agreement with airlines and decided to prepay 15.5 [...]
SEOUL, April 28 (Korea Bizwire) — Starting next month, black boxes in taxis and buses will be used to track illegal activities such as motorcycles operating on sidewalks or bicycle paths. The Ministry of Land, Infrastructure and Transport (MOLIT) announced Monday that it will join hands with the Ministry of Employment and Labor and the [...]
SEOUL, April 28 (Korea Bizwire) — South Korea said Tuesday it will spend some 1.1 trillion won (US$896 million) on developing technologies for “high automation” vehicles that can lead growth in the automobile market. The investment calls for the development of “level four” autonomous cars, according to the Ministry of Science and ICT. There are [...]
SEOUL, April 27 (Korea Bizwire) — The Korea Environment Corp. (KEC), which operates under South Korea’s Ministry of Environment, has eased restrictions on participation in the carbon-point system for automobile owners and doubled incentive benefits from last year. The carbon point system is a nationwide voluntary greenhouse gas reduction system where participants are given points [...]
SEOUL, April 24 (Korea Bizwire) — The government said Friday it will allow people in South Korea to buy three discounted face masks per week under a public distribution system and also announced a plan to supply Korean War veterans abroad with 1 million masks. Prime Minister Chung Sye-kyun said citizens would need more masks [...]
SEJONG, April 22 (Korea Bizwire) — South Korea’s finance ministry said Wednesday it will sharply increase the size of the nation’s aid package for coronavirus-hit companies and job protection. The aid package will rise to 135 trillion (US$109 billion) won from 100 trillion won, which had been set previously, to supply more liquidity into companies [...]
SEOUL, April 21 (Korea Bizwire) — South Korea said Tuesday it will spend 322.3 billion won (US$264 million) to establish nuclear decommissioning research centers in sync with the country’s new energy policy that centers on using more sustainable resources and less nuclear power. Under the plan, South Korea will start the construction of the centers [...]
SEOUL, April 20 (Korea Bizwire) — Mobile identification cards will gradually replace the existing plastic cards in South Korea’s public sector beginning this year, the government said Monday. The mobile ID card system will be first introduced to civil servants late this year, according to the Ministry of the Interior and Safety and the Ministry [...]