SEOUL, Aug. 26 (Korea Bizwire) – The industry ministry of Korea announced that it would reinforce its support for software-convergence components by selecting 20 core parts to be embedded in wearable devices or next generation displays. On August 25, the Ministry of Trade, Industry and Energy selected the 20 core parts essential for the advancement of [...]
SEOUL, Aug. 24 (Korea Bizwire) - Trade procedures among the 10 countries forming ASEAN will be simplified, and import regulations will be loosened. The 10 ASEAN countries have signed an agreement that will increase the convenience of companies focused on the export market, with new regulations expected to simplify the trading procedures and remove or reduce [...]
SEOUL, June 23 (Korea Bizwire) – Due on July 1, the fifth anniversary of Korea-EU FTA, the tariff rates on certain Europe made vehicles will be reduced, making the already strong player in Korea even more competitive. According to the Ministry of Trade, Industry and Energy on June 22, the custom tariff on European vehicles with [...]
SEOUL, March 13 (Korea Bizwire) – In the near future, it will be possible to resell electricity stored in an electric vehicle’s battery to the grid. As EV users can charge their vehicles at a lower cost at night, they can make money by reselling the stored electricity at a higher cost during the day. [...]
SEOUL, Dec. 22 (Korea Bizwire) — Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corp. responsible for operation of nuclear and hydroelectric power plants, has insisted that the internal documents it was stolen by hackers were nothing important. But it is still unable to find out how the documents were leaked out [...]
SEOUL, Dec. 19 (Korea Bizwire) — The export volume of semiconductors has broken the US$60 billion milestone for the first time. The Ministry of Trade, Industry and Energy said on December 18 that the amount of semiconductor exports surpassed the $60 billion level this year. For the 11-month period until November this year, exports of semiconductors [...]