SEOUL, June 7 (Korea Bizwire) – As drone sales worldwide are forecast to reach 2.5 million units this year, the growing interest in unmanned aerial vehicles in South Korea is seeing a number of drone events take place around the country. The Ministry of Land, Infrastructure, and Transport (MOLIT) is holding a competition for 3D [...]
SEOUL, June 7 (Korea Bizwire) – The Ministry of Land, Infrastructure, and Transport (MOLIT) is set to introduce new reforms to the current aviation law concerning bird strikes, which will determine whether or not facilities that could attract birds can be built near airports, the government branch announced yesterday. The MOLIT’s new move comes on [...]
SEOUL, April 26 (Korea Bizwire) – Soaring rental prices in the housing market in recent years are seeing upper-middle class households purchase their own homes, with the home ownership rate reaching 56.8 percent, the highest figure since records began in 2006, according to a report released yesterday by the Ministry of Land, Transport and Maritime [...]
SEJONG, Jun. 25 (Korea Bizwire) — The Korean government has begun a project to develop an online contracting system for property purchasing and leasing, said the Ministry of Land, Infrastructure and Transport (MOLIT) on June 24. The online system will enable Korean citizens to sign a real estate contract with an electronic signature or an [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai’s Genesis and Kia’s Sorrento and Carnival have been rated as the safest cars of the year by the Ministry of Land, Infrastructure and Transport (MOLIT). The MOLIT evaluates four aspects of safety for cars on the Korean market – crash safety, pedestrian safety, driving safety and accident prevention. The MOLIT [...]
SEOUL, Dec. 17 (Korea Bizwire) — The famed ‘nut incident’ is not quite done yet, since ex-Korean Air VP Cho Hyun-ah might face prosecution, while the airline itself is the target of boycott movements. The Ministry of Land, Infrastructure and Transport (MOLIT) revealed that it is planning to proceed with charges against Cho, while the [...]