SEOUL, Dec. 21 (Korea Bizwire) — South Korea said Monday it plans to foster what it calls the “Big 3″ industries, namely green cars, biohealth, and non-memory chips, in line with efforts to overcome economic fallout from the virus pandemic and seek sustainable growth. The combined amount of state funds allocated for the three segments [...]
SEJONG, Aug. 13 (Korea Bizwire) — South Korea said Thursday it will revamp the country’s export portfolio and foster its service industry as a new growth engine to revitalize its virus-hit outbound shipments. The country’s service exports reached US$43.8 billion over the January-June period, down 17.9 percent from a year earlier. The Ministry of Trade, [...]
SEJONG, March 13 (Korea Bizwire) – Aquarium fish, also known as ‘aqua pets’, are in the limelight as a promising growth industry. According to the Ministry of Maritime Affairs and Fisheries, the aqua pet sector is growing at an average of seven to eight percent annually, mostly in developed countries. An increase in the number [...]
SEOUL, Sept. 30 (Korea Bizwire) – With the advance of information communication technology(ICT), boundaries between businesses are falling apart rapidly, and collaboration among different businesses is becoming a new norm. Telecommunication industry is no exception and they are stepping into the medical service field betting this will sustain their growth. According to industry watchers, SK Telecom and [...]
SEOUL, April 7 (Korea Bizwire) — The Korean government is mobilizing resources to support the Korean graphene industry, in a push to be the first dominating force in the global market, announcing on April 6 that it would achieve sales of 19 trillion won (US$ 17.4 billion) and create 50,000 jobs by 2025. To establish a [...]