SEOUL, Apr. 30 (Korea Bizwire) — South Korea will set up new departments dedicated to handling gender equality policies in eight government offices to better deal with sexual discrimination and abuse in the cultural and educational sectors, the gender ministry said Tuesday. Under a plan endorsed by the Cabinet , the new posts will be [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it would spend 70 billion won (US$61 million) to support local shipbuilders’ efforts to recover from an industrywide slump. The Ministry of Trade, Industry and Energy said the newly earmarked spending will center on helping local shipyards tap deeper into the market for [...]
SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and [...]
SEOUL, Apr. 22 (Korea Bizwire) — The government plans to focus on nurturing the non-memory chip, bio-health and next-generation vehicle sectors for job creation and innovation-driven growth, officials said Monday. The move comes as the South Korean economy is slowing down amid lackluster performances in the manufacturing sector and tepid job growth. The presidential office [...]
SEOUL, Mar. 22 (Korea Bizwire) — South Korea rolled out a blueprint to foster its robotics industry on Friday with the aim of becoming one of the world’s top four players in the sector, with a market size reaching 15 trillion won (US$13.2 billion) in 2023. Under the plan, South Korea is expected to have [...]
SEOUL, Mar. 18 (Korea Bizwire) — The government said Monday that it will deploy one more special helicopter equipped with state-of-the-art medical instruments in line with its efforts to expand emergency services in isolated areas, The so-called doctor helicopter is equipped with life-saving instruments and is capable of carrying patients to a large hospital in [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea will spend 2.93 trillion won (US$2.61 billion) this year to develop new bio technology, as part of efforts to become the leading industrial hub, the government said Monday The 2019 biotech support budget, which received a 2.9 percent increase from a year earlier, aims to develop critical [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korea will inject 332 trillion won (US$295.2 billion) by 2023 to establish an “embracing” social security system as part of a long-term plan to improve the quality of life for its people, the government said Tuesday. The five-year plan, finalized at a Cabinet meeting and announced by the [...]
SEOUL, Jan. 11 (Korea Bizwire) — Hydrogen charging stations are crucial to boost the popularity of hydrogen electric vehicles, but it is practically impossible to install these stations in commercial areas under current laws. According to the Ministry of Trade, Industry and Energy on January 10, a method has been found to install the charging [...]
SEOUL, Jan. 1 (Korea Bizwire) — All parents will receive a monthly allowance of 100,000 won (US$87) for each child under the age of six starting later in the year, the government said Tuesday. The Ministry of Health and Welfare said a revision to the relevant law was passed on Thursday with the motion taking [...]