SEOUL, Aug. 8 (Korea Bizwire) — The Moon Jae-in administration has formally put the brakes on Seoul Mayor Park Won-soon’s ambitious bid to renovate Gwanghwamun Square, a national landmark located in the heart of the capital, officials said Thursday. According to the officials, the Ministry of the Interior and Safety sent an official notice to [...]
SEOUL, Mar. 22 (Korea Bizwire) — The government said Thursday it will invest heavily in the renovation of old industrial complexes across the country in the coming years so they can serve as incubator venues for startups set up by young people. The Ministry of Trade, Industry and Energy said it will put 132.8 billion [...]
SEOUL, June 1 (Korea Bizwire) – The Seoul Metropolitan Government will provide up to 180 million won (U.S. $151,200) worth of subsidies for the renovation of traditional houses. The announcement was made soon after an area of 550,000 square meters over five districts, including two of the oldest neighborhoods in the capital, was designated as a [...]