SEOUL, May 18 (Korea Bizwire) — South Korea will raise incentives for offshore wind farm operators and cut back subsidies on biomass producers to promote more eco-friendly energy sources, the energy ministry said Friday. The Ministry of Trade, Industry and Energy said it will adjust the incentive rates for renewable energy sources based on their [...]
SEOUL, April 24 (Korea Bizwire) – An increasing number of people have junked their cars this year, statistics showed Monday, apparently to take advantage of a government-backed trade-in program for old diesel-powered vehicles. A tally from the Ministry of Land, Infrastructure and Transport said 210,705 cars were scrapped in the January-March period this year, up [...]
SEOUL, Dec.11 (Korea Bizwire) – COEX will accelerate the development of its surrounding area into a global MICE (Meeting · Incentives · Convention · Events and Exhibition) base, starting next year. Byun Bo-kyung, the CEO of COEX, commented at a press conference held on December 10 that the company will be rebranding COEX as a [...]