SEOUL, Jan. 26 (Korea Bizwire) — South Korea will earmark 1.21 trillion won (US$982.3 million) this year for technology development in nuclear energy, hydrogen and other energy resources, the industry ministry said Thursday. The budget marked a 0.8 percent on-year growth, as the country has sought to secure advanced technologies to ensure energy security and [...]
SEOUL, Jan. 20 (Korea Bizwire) — The government is strengthening its pet ownership policy to prevent dog bite accidents. The Ministry of Agriculture, Food and Rural Affairs announced Thursday that it will make an advance notice of legislation for the new enforcement decree for the Animal Protection Act. Currently, owners of pets that are subject [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea will extend 274.6 billion won (US$222.9 million) for research and development in the bio industry this year, the industry ministry said Friday. The budget will be spent on a total of 252 new R&D projects in the four fields of bio pharmaceuticals, healthcare, bio materials and medical [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Korea will invest 6.7 trillion won (US$5.3 billion) in science research in 2023 as the country seeks to secure key future technologies as new growth engines, the science ministry said Sunday. The Ministry of Science and ICT said the earmarked amount marked a 3.9 percent increase from 2021. [...]
SEOUL, Dec. 30 (Korea Bizwire) — The Ministry of Education recently announced a five-year promotion plan to ensure that lifelong education is available to all. Any adult who is not enrolled in college will be eligible to take various non-degree courses, including one- to three-month courses at universities, and acquire credits and degrees. The ministry [...]
SEOUL, Dec. 28 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport has announced a plan to upgrade a local lemon law including the introduction of a performance analysis-based arbitration system. The Korean lemon law went into effect on Jan. 1, 2019, to enhance customers’ convenience, though it is not obligatory for companies to [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea aims to cut the country’s annual average level of ultrafine dust particles by 30 percent by 2032, the environment ministry said Tuesday. Under the latest countermeasure to tackle the nation’s worsening air pollution problem, the government aims to reduce the annual average density of ultrafine dust particles [...]
SEOUL, Dec. 9 (Korea Bizwire) — The Ministry of Gender, Equality and Family on Thursday announced plans to support various forms of family, including single-person households. The plan seeks to provide hospital escorts and emergency care services for single-person households through local family centers, and ensure a child’s rearing expenses are paid for. There are 244 [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea will ease regulations on imports of electric vehicles, chemical substances and other items in an effort to attract more foreign investment to the country, the industry ministry said Thursday. They are part of 40 major measures that the government came up with to revamp imports and investment [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korea will funnel 400 billion won (US$304.5 million) into research and development next year to foster the digital transformation in the bio technology sector as part of the country’s long-term future growth plan, the science ministry said Wednesday. The Ministry of Science and ICT released its latest digital-biotech [...]