SEOUL, July 12 (Korea Bizwire) — South Korea aims to wrap up necessary regulatory reforms by the end of the year in a bid to help startups and small-scale firms find new growth engines, the science ministry said Sunday. So far, 63 programs have been selected for so-called sandbox regulatory measures, which are exempted from [...]
SEOUL, Nov. 28 (Korea Bizwire) – For the first time since the Labor Standards Act was enacted in 1953, housekeepers will be classified as full-time employees. The Ministry of Science and ICT created a committee to review new technologies and services Wednesday and decided on a total of six cases to pass as “regulatory sandboxes” [...]
SEOUL, Mar. 25 (Korea Bizwire) — A wearable to measure electrocardiogram (ECG) has received the green light from local health authorities, the watch’s manufacturer said Monday. The approval is the first since the government adopted the so-called regulatory sandbox — a mechanism for developing regulations that keep up with the fast pace of innovation — [...]
SEOUL, Mar. 7 (Korea Bizwire) — A ‘VR Truck’ that goes around to different locations to deliver virtual reality (VR) content to variety of customers will soon be made available. A unique application that comes up with the estimated cost of scrapping a car will also be introduced. The South Korean Ministry of Science and [...]
SEOUL, Jan. 11 (Korea Bizwire) — Hydrogen charging stations are crucial to boost the popularity of hydrogen electric vehicles, but it is practically impossible to install these stations in commercial areas under current laws. According to the Ministry of Trade, Industry and Energy on January 10, a method has been found to install the charging [...]