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 [...]
SEOUL, Dec. 7 (Korea Bizwire) — The government has vowed to halve the number of animals being abandoned or lost every year. The Ministry of Agriculture, Food and Rural Affairs said Tuesday that it will attempt to reduce the number of animals being abandoned or lost each year to 60,000 by 2027. Last year, the [...]
SEOUL, Dec. 7 (Korea Bizwire) — The Ministry of Interior and Safety on Thursday held a demonstration event at Shinsegae Department Store in Daejeon for an indoor navigation system capable of locating destinations within a complex building structure. The project for indoor navigation of complex building structures has been led by a research team from [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korea will push for deregulation and provide various supportive measures for bio companies to promote their planned investment and nurture the sector as a new growth engine, the industry ministry said Wednesday. Samsung Biologics Co., SK Bioscience Co. and other bio firms have announced plans to invest a [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea plans to draw up a five-year development plan for the country’s service industry in line with its efforts to foster new growth engines amid protracted economic challenges, the finance minister said Friday. “Recently, various cultural and entertainment content, such as BTS and ‘Squid Game,’ have gained popularity [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korea vowed Wednesday to significantly boost the use and production of clean hydrogen by extending support for securing advanced technologies and building infrastructures with a goal to achieve zero-emission goals and become the world’s No. 1 hydrogen industry powerhouse. The government announced the comprehensive roadmap during a hydrogen [...]
SEOUL, Nov. 4 (Korea Bizwire) — The government plans to readjust the renewable energy distribution goals and renewable portfolio standards (RPS) with the aim to make the policy more realistic. The Ministry of Trade, Industry and Energy on Thursday announced plans to improve policies on renewable energy in response to the changing energy environment. First, [...]
SEOUL, Nov. 3 (Korea Bizwire) — The government has come up with various measures to prevent crowd surges, including crowd control in high-density subways, officials said Thursday, in the wake of the deadly Itaewon tragedy. The measures were discussed at a meeting, presided over by Interior Minister Lee Sang-min, with the participation of Yoon Hee-keun, [...]
SEOUL, Nov. 2 (Korea Bizwire) — The government has announced follow-up measures to those taken last month to ease the shortage of taxis at night. First of all, the mandatory resting system for privately owned taxis will be fully lifted from Nov. 22 for the regions suffering from a shortage of taxis at night, including [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korean battery firms will invest a combined more than 50 trillion won (US$35.24 billion) at home by 2030 to secure advanced technologies in the secondary battery field, a move that could to make the country the world’s No. 1 player with a market share of over 40 percent, [...]