SEOUL, Oct. 28 (Korea Bizwire) — South Korea will funnel 4.12 trillion won (US$2.9 billion) into research and development next year to promote 12 selected strategic technologies as part of the country’s long-term future growth plan, the science ministry said Friday. The Ministry of Science and ICT said in a report released at a meeting [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea’s financial authorities announced plans Sunday to expand liquidity supply programs to at least 50 trillion won (US$34.7 billion) as part of efforts to calm corporate bond market jitters. Finance Minister Choo Kyung-ho made the announcement right after an emergency meeting with the central bank chief and top [...]
SEOUL, Oct. 19 (Korea Bizwire) — The Ministry of Trade, Industry and Energy announced on Tuesday that it will carry out a variety of intensive energy-saving measures for the public sector as part of efforts to overcome the energy crisis. In detail, when public institutions operate heating facilities within their buildings, the average indoor heating [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korea decided to put more key technologies related to major materials, parts and equipment on its list for special management and support in a move to better ensure stable supply chains and to promote advanced industry sectors, the industry ministry said Tuesday. Following Japan’s exports curbs of key [...]
SEOUL, Oct. 14 (Korea Bizwire) — The government plans to expand the use of eco-friendly biofuels to better cope with climate change as well as to reduce excessive reliance on petroleum-based fuels. The Ministry of Trade, Industry and Energy announced on Thursday that it will raise the mandatory biodiesel mixture ratio — the ratio at [...]
SEOUL, Oct. 6 (Korea Bizwire) — The interior ministry announced a government reorganization plan Thursday under which the gender ministry will be abolished while the veterans affairs agency will be elevated to the ministry level and a separate body for consular services will be newly established. The plan, announced by Interior Minister Lee Sang-min, requires [...]
SEOUL, Sept. 28 (Korea Bizwire) — The government on Tuesday announced a plan to buy semi-basement homes with a high risk of being flooded and rebuild them as above-ground homes. To this end, the government plans to provide a variety of support aimed at helping underground dwellers move to above-ground homes. According to the Ministry [...]
SEOUL, Sept. 16 (Korea Bizwire) — The government will send buses to assist with the funerals of the deceased who have no family or friends to take care of their bodies, the health ministry said Thursday. The Ministry of Health and Welfare announced that it will send buses to support the funerals of the deceased [...]
SEOUL, Sept. 3 (Korea Bizwire) — A presidential committee on ‘digital platform government’ came officially into being Friday with an initiative to create a data-based digital platform where the government could join hands with the public and firms to solve social problems. President Yoon Suk-yeol attended the ceremony held at the presidential office Friday morning [...]
SEOUL, Aug. 25 (Korea Bizwire) — Anyone who has been fined for distributing pornography online will be prevented from becoming a government employee for three years, just like other individuals who are convicted of crimes of sexual violence, the government said Wednesday. The Ministry of Personnel Management announced that a newly revised act on government [...]