SEOUL, Aug. 30 (Korea Bizwire) — South Korea will increase its spending on chips, bio-health and next-generation vehicles by 43 percent next year as the country seeks to nurture new industries, the country’s finance minister said Monday. Finance Minister Hong Nam-ki said the government will earmark 6.3 trillion won (US$5.4 billion) to support the three [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s first-quarter exports of eight new-industry goods jumped despite a drop in overall exports due to the new coronavirus pandemic, data showed Friday. Overseas shipments of those products came to US$21 billion in the January-March period, up 17 percent from a year earlier, according to the data from [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea unveiled plans for regulatory reform Thursday in a bid to promote innovation in new industries related to the fourth industrial revolution. Making public the 2020 road map for “regulatory innovations” in the economic sector, the government said it will allow new industries to develop in an amicable [...]