SEOUL, Jan. 19 (Korea Bizwire) – The Ministry of Trade, Industry & Energy announced Wednesday that it will invest 245.1 billion won ($208 million) this year to help Korea’s dwindling shipbuilding industry diversify and hopefully breathe life into the sector. The investment will be divided into four areas – R&D (5 billion won), commercialization (4.5 [...]
SEOUL, Dec. 12 (Korea Bizwire) – The Ministry of Environment announced Sunday that it plans to support 14,000 new EV purchases in 2017 to push up the number of eco-friendly vehicles on the road. The government subsidy for purchasing a new EV in 2017 was set at 14 million won ($11,936) per vehicle, which is [...]
SEOUL, Jun. 4 (Korea Bizwire) — Phoneparazzi, a compensation system to hunt down phone sellers who illegally give monetary support to customers, will be modified to draw compensation money from both mobile distributors and telecommunications carriers. First introduced in June 2014, the Phoneparazzi system has been run by money solely provided by distributors. Anyone who [...]
SEOUL, Apr. 22 (Korea Bizwire) – Samsung Electronics Co.’s newest high-end smartphones – the Galaxy S6 and the Galaxy S6 Edge — are seen drawing less than expected attention from consumers, industry data showed Wednesday, casting clouds over the market’s upbeat sales estimate of over 50 million units for 2015. South Korea’s No. 1 tech [...]