SEOUL, Nov. 29 (Korea Bizwire) – Over 85,000 foreign nationals own a house in South Korea, with Chinese possessing more than half of real estate properties held by foreigners in the country, government data showed Wednesday. A total of 85,358 foreign nationals owned a house in South Korea as of end-June, up 4.6 percent from [...]
SEOUL, July 20 (Korea Bizwire) – Asiana Airlines was fined 900 million won (US$802,282) for a runway accident two years ago and the pilot responsible stripped of his license, the transport ministry said Thursday while announcing a series of punitive actions against carriers. Korean Air Lines Co. was ordered to pay 600 million won in [...]
SEOUL, Jul. 19 (Korea Bizwire) — The South Korean government has announced plans to invest 1.2 trillion won in the country’s drone industry over the next five years, funds that will be used to help develop drone technology and build infrastructure such as drone highways and test sites, in an effort keep up with other competing [...]
SEOUL, July 6 (Korea Bizwire) – The South Korean government is set to give drone enthusiasts the green light to fly unmanned aerial vehicles after sundown, after lawmakers passed a bill to lift the ban on drone flights during the night. The aviation safety and security reform bill proposed by lawmaker Kim Sung-tae, a member [...]
SEOUL, Korea, Nov 13 (Korea Bizwire) – The Ministry of Land, Infrastructure, and Transportation has published an architecture textbook for elementary school children. Titled “My First Architecture Book,” it is intended to motivate the youths to be interested in architecture at an early age. It took three full years for the ministry to publish the book since 2011 [...]