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[POLICY] President Park "Economic growth lies in investing in new tech"
쏷he key to lifting the nation from its sluggish economy and its downward spiral lies in the creative industries, said President Park Geun-hye during the opening ceremony for the 쏞enter for a Creative Economy and Innovation Festival held in Daejeon on Aug. 27. 쏛s all 17 of the Centers for a Crea
Whowired News Team   2015-08-28
[POLICY] South Korea raises minimum wage by 8.1% to 6030 KRW next year
The Minimum Wage Council announced on July 9 that South Korea셲 minimum wage will increase next year by 8.1% to 6.030 won ($5.31) per hour. Under the new minimum wage system, a person who works eight hours a day will earn 48,240 won.The council which is made up of representatives of labor, managemen
Whowired News Team   2015-07-09
[POLICY] South Korea temporarily waives visa fee for group travellers from China and Southeast Asian countries
The government has decided to waive the visa fee for foreign group tourists from China and Southeast Asia including Vietnam, Indonesia, and the Philippines in its efforts to invigorate its local tourism industry heavily hit by the outbreak of Mers.The government held a meeting atthe Blue House on Th
Whowired News Team   2015-07-09
[POLICY] Big-name companies are still not interested in new mobile license bid in Korea
Against the government셲 hope, it seems only existing small and medium-sized bidders have shown interested in becoming the fourth mobile operator in the country. The Ministry of Science, ICT and Future Planning (MSIP) announced in late May that it would opened the application process to give a new m
Whowired News Team   2015-06-08
[POLICY] MSIP accelerates its move to support local UHD content industry
The Ministry of Science, ICT and Future Planning (MSIP) said on Wednesday that it will accelerate its global project which aims to create a strong ecosystem for local UHD contents as parts of its K-ICT strategy.Under the All-4-One project, the ministry will actively encourage and support content cre
Whowired News Team   2015-06-03
[POLICY] 3D printing design platforms now open for service provision
A platform for the design distribution dedicated to 3D printers is now available for service provision. The Ministry of Trade, Industry, and Energy held a briefing on the platform in Seoul to declare the initiation of its service provision on June 3. The platform was produced as a part of MOTIE셲 3D
Liz Kim   2015-06-03
[POLICY] Over 680 quarantined for MERS cases쫛verseas trips restricted
The number of people quarantined after alleged contact with MERS patients rose to 682. The Ministry of Health confirmed in its daily briefing on MERS at the government complex in Sejong-ro on June 1 that 715 people were quarantined after direct contacts with MERS patients and 33 people had passed th
Jeansun Kim   2015-06-01
[POLICY] Korea to nurture self-driving cars and UAV
The Korean government is throwing its full weight behind self driving cars and UAV markets as they lag behind its competitors in China for better prices and in advanced countries for technologies. The UAV market will get full support with a target to have 650 companies by 2025 and a sales revenue of
Liz Kim   2015-05-29
[POLICY] Drone subject to 2 million won penalty for the violation of aviation laws
Unmanned aviation vehicle (drone) can be subject to penalty for the violation of aviation act, the Ministry of Land, Infrastructure, and Transportation said on May 27. In fact the number of violation cases grew from 6 in 2010 to 49 last year. According to the aviation regulations, a pilot cannot fly
Liz Kim   2015-05-27
[POLICY] Telecom companies to produce smart watches and self driving vehicles
Common carriers such as SK Telecom, KT, and LG Uplus are now allowed to manufacture telecommunications devices due to the abolishment of the prohibition on telecom companies manufacturing relevant devices as in the case of global IT companies like Apple and Google, and opening up new possibilities o
Liz Kim   2015-05-27
[POLICY] Government will start a pilot cloud service product for SMEs in industrial complexes
The Korean government will start a pilot cloud service project for SMEs in industrial complexes in the country. The Ministry of Science, ICT and Future Planning (MSIP) and the Ministry of Trade, Industry and Energy (MTIE) announced on Wednesday that they will jointly initiate the K-ICT Cloud Service
Whowired News Team   2015-05-20
[POLICY] Korea-India economic hotline 쁂EO Forum launched
Korea and India launched a business hot line for companies in both countries named as 쁂EO Forum. The forum was launched after a year-long preparation after President Park Geun-hye셲 visit to India last January. The Ministry of Trade, Industry and Energy held a Korea-India CEO Forum at Seoul Lotte
Jeansun Kim   2015-05-19
[POLICY] Korean government to push local IoT manufacturing industry in partnership with private sector
The Korean government has made another major push to establish a strong ecosystem for the local IoT industry in close partnership with the private sector.The Ministry of Trade, Industry and Energy (MTIE) announced on Monday at Renaissance Seoul Hotel that it has signed a joint MOU with about 100 loc
Whowired News Team   2015-05-18
[POLICY] KAIST designated as the first academic research institute for fair trade compliance program
The Korea Advanced Institute of Science and Technology(KAIST) was designated as the first university & research institute for fair trade compliance program. The Ministry of Trade, Industry, and Energy announced on May 13 that nineteen companies including KAIST and OCI were chosen for the compliance
Jeansun Kim   2015-05-13
[POLICY] Korea셲 antitrust watchdog agrees with EU to jointly investigate Qualcomm셲 abuse cases
Korea's antitrust watchdog said on Wednesday that it has agreed to cooperate with the European Union on possible abuse cases of essential patents by Qualcomm.The Fair Trade Commission (FTC) and the European Commission (EC) held a meeting on May to jointly investigate whether Qualcomm has abused
Whowired News Team   2015-05-06
[POLICY] Korea will invest 177 billion won this year alone in local nanotechnology industry
The Korean government will invest a total amount of 177.2 billion won this year alone in the local nanotechnology industry with the aim to develop it into the world셲 second largest nanotechnology industry by 2020. The Ministry of Science, ICT and Future Planning, the Ministry of Trade, Industry & E
Whowired News Team   2015-04-30
[POLICY] Gaming platforms up for stand-alone rating system
Stand alone rating system, previously applied only to open market games, will be expanded into entire platforms including PC, Smart TV, and VR. It means the previous pre-evaluating system will be phased out.According to the Games news report on April 28, the Ministry of Culture, Sports and Tourism
Jeansun Kim   2015-04-28
[POLICY] Whirlpool, CUCHEN, and Loving Home셲 electric ranges failed to pass local safety standard tests
It is revealed that some of the electric ranges on the market do not meet safety requirements. According to Consumer Korea, a local consumer agency, only four out of the tested seven electric ranges currently on the market passedall the safety standard tests conducted by it: Shinil셲 SHL-KR30, Rinna
Whowired News Team   2015-04-27
[POLICY] FTC to issue penalty on Home Plus for consumer data breach
The Fair Trade Commission slapped Home Plus with a 435 million won penalty and issued corrective measures over the disclosure of consumer's personal information gained through a host of consumer events to an insurance company. The Home Plus advertised the consumer events for 12 times through lea
Jeansun Kim   2015-04-27
[POLICY] Korean to invest 1.8 trillion won in new energy infrastructures such as electric cars and ESS system
The Korean government plans to invest a combined 1.8 trillion won in new energy industries through a variety of public-private partnershipschemes. Under the plan, the government aims to increase the number of electric vehicles by tenfold by strengthening related infrastructures such as charging faci
Whowired News Team   2015-04-22
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