SEOUL, Oct. 3 (Korea Bizwire) – Finance Minister Choo Kyung-ho said Tuesday the government will come up with a set of measures to boost the competitiveness of South Korea’s rechargeable battery industry and small and medium-sized enterprises (SMEs) later this year. Along with the plan, the government will expand its investment into the research and [...]
SEOUL, Oct. 2 (Korea Bizwire) — Legislative efforts to end dog meat consumption in South Korea are picking up speed amid rare political unity following the presidential office’s outspoken support for ending the centuries-old practice. Calls to end the practice are not new in South Korea, where butchering or eating dog meat is neither explicitly [...]
SEOUL, Oct. 2 (Korea Bizwire) — The Shin-Hanul 2 nuclear reactor in southern South Korea began a six-month test operation this month to go into full operation next March, according to a state-run nuclear power agency Monday. The 1.4 gigawatt reactor in the coastal county of Uljin, some 215 kilometers southeast of Seoul, was loaded [...]
SUWON, Oct 1 (Korea Bizwire) –Gyeonggi Province announced on Friday its intention to implement a ‘crowd management system’ starting in November, in direct response to the tragic crowd incident that occurred during the Seoul Halloween celebration on October 29th last year. This crowd management system is designed to utilize data from mobile phone base stations [...]
SEOUL, Oct. 1 (Korea Bizwire) – South Korea’s overseas aid agency is pushing for a US$1.8 million project (2.4 billion won) to help Nigeria strengthen its information and communication technology (ICT) education among youths, officials said Sunday. Under the project, the Korea International Cooperation Agency (KOICA) plans to develop ICT teaching materials as part of [...]
SEOUL, Sept. 30 (Korea Bizwire) – A video showing a driver smoking a cigarette while refueling her car at a self-serve gas station has led the government to tighten safety measures. However, there’s currently no system in place to prevent smoking at gas stations. Gas stations aren’t even designated as smoke-free areas as per [...]
SEOUL, Sept. 28 (Korea Bizwire) – The Seoul Metropolitan Government announced on Wednesday that it will standardize the Chinese translation of kimchi as xinqi on the menus of restaurants in major tourist spots. This decision follows an increase in the number of Chinese tourists visiting major tourist spots like Myeongdong, facilitated by the Chinese government’s approval [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s finance minister said Wednesday the government will spare no effort to support the country’s chip industry through tax cuts and other financial support amid the sector’s downturn. “The chip sector is the strategic and core industry for the South Korean economy, responsible for 18.9 percent of exports [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea will supply 120,000 public homes in addition to the existing plan to deliver 2.7 million new homes by 2027 to offset the declining private-sector home supply amid higher lending rates, the land ministry said Tuesday. In August last year, the government announced the public home supply plan [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea’s health authorities said Tuesday they approved the emergency use of Moderna Inc.’s updated COVID-19 vaccine to target today’s most common strain. The approval of the vaccine that targets the XBB.1.5 subvariant came as health authorities have advised people to get free and updated COVID-19 vaccines from Oct. [...]