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[POLICY] Korea announces KCIT Security Development Strategy
The Korean government will invest 810 billion won in ICT and security industry by 2019 to double the size into 15 trillion won. The Ministry of Science, ICT, and Future Planning announced its KICT Security Development Strategy at the 8th meeting with other economy-related ministers on April 22. MSIP
Jeansun Kim   2015-04-22
[POLICY] Government exploring ICT market in CIS region
The government is zooming in on ICT market development in the Commonwealth of Independent States. The Ministry of Science, ICT, and Future Planning announced on April 21 that it will host a Korea-CIS Business Forum on the sidelines of the International ICT Show in Belarus for four days starting from
Jeansun Kim   2015-04-21
[POLICY] MSIP opens application process for candidates to conduct transferring satellite technology to private sector
The Ministry of Science, ICT, and Future Planning (MSIP) said on Wednesday that it has been opening the application process to select the candidate companies eligible for its 쏤irst-stage Project of Developing Next-generation Mid-sized Satellite since April 13.The MSIP셲 project aims to securely tr
Whowired News Team   2015-04-15
[POLICY] Revised Electric Communications Services Act to come into effect on April 16
The Revised Electric Communications Services Act will take effect on April 16 blocking phone calls and text messages from manipulated phone numbers and preventing the dissemination of harmful material to minors. The Ministry of Science, ICT and Future Planning, and Korea Communications Commission sa
Liz Kim   2015-04-14
[POLICY] FTC issues penalty on German and Japanese automotive part producers
Foreign automotive part producers were slapped with penalties for price collusion. The Fair Trade Commission announced on April 13 that it issued a 7.5 billion won in penalties against price collusion on automotive bearing part prices on German Schaeffler Korea and Japanese JTEKT Korea. According to
Jeansun Kim   2015-04-13
[POLICY] Seoul City to put solar power generator in EV
The Seoul Metropolitan Government has introduced a new solar power generation system to improve EV driving range limited only to 140km as part of an effort to complement fuel economy with solar power. According to the city government on April 13, authorities plan to add solar power generator on EV u
Liz Kim   2015-04-13
[POLICY] Olympus Korea slapped with import ban on medical equipment
Olympus Korea is slapped with a three-month importation ban for illegally trading surgical electrodes with poor quality management records. KFDA announced on April 9 that it caught 10 medical supplies imported illegally from seven traders including Olympus Korea after an audit conducted with local g
Jeansun Kim   2015-04-09
[POLICY] MSIP introduces "Three Strikes and You're Out" to improve national R&D management system
The Ministry of Science, ITC and Future Planning improves the R&D management system to trace the cost of R&D projects in real time. When a person is caught misusing or abusing nationally funded R&D budget for the third time, he or she won셳 be able to participate in state projects for the next 10 ye
Jeansun Kim   2015-04-07
[POLICY] Korea to push its graphene industry to generate 19 trillion won in sales by 2025
The Korean government aims to develop and commercialize its graphene industry into a market to generate 19 trillion won in sales and create more than 50,000 jobs by 2025.Graphene is a thin layer of pure carbon which can transmit electric currents 150 times faster than copper and is 150 times stronge
Whowired News Team   2015-04-07
[POLICY] Kiturami Boiler셲 deceptive advertisement claiming 쁶orld셲 first getting reprimanded
Kiturami Boiler has been slapped with corrective action for its misleading advertisement campaign claiming the 쁶orld셲 very first 4PASS heat exchanger and condensing technology even when the technology has been in use for the past 150 years across the world, the Fair Trade Commission said. Kituram
Liz Kim   2015-04-06
[POLICY] KCC revises Location Information Act
KCC announced on April 3 that it has revised some of the Location Information Act strengthening the review standard as the law comes into effect this August. When location information business organizations want to have relevant information delivered, they should receive authorization from KCC.When
Liz Kim   2015-04-04
[POLICY] Korea aims to remove ActiveX from 90% of top 100 local websites by 2017
The Korean government aims to remove ActiveX from 90% of the 100 top private-sector websites in the country through a variety of schemes including supporting local websites to adapt solutions for the next-gen web standard, Hypertext Markup Language 5 (HTML5), and establishing the related certificate
Whowired News Team   2015-04-01
[POLICY] Korea to join China-led AIIB with 5% stake purchase
Korea sent an official letter to China that the government will join the Asian Infrastructure Investment Bank (AIIB) as a founding member after much interagency deliberation at the government level. The Ministry of Strategy and Finance announced on March 27 that it will strive to maximize the nation
Jeansun Kim   2015-03-27
[POLICY] MSIP unveils its 9 trillion won investment plan to systematically develop local ICT industry
Korea셲 ICT ministry unveiled its plan to invest a combined 9 trillion won in a variety of ICT initiatives over the next five years to boost the total production value of the local industry to 240 trillion won by 2020 with a growth rate of 8%.On Wednesday at the Global R&D Center located in Pangyo T
Whowired News Team   2015-03-25
[POLICY] Korea aims to invest 1 trillion won by 2020 to make 10,000 smart factories
The government unveiled its plan to invest 1 trillion won by 2020 to turn 10,000 factories across the country into 쐓mart ones. On Thursday, the Minister of Trade, Industry, and Energy Yoon Sang-jick said in a government briefing session to President Park Geun-hye that he will fully encourage the l
Whowired News Team   2015-03-20
[POLICY] Public sector SW ICT equipment business standing at 3.8125 trillion won
The public sector SW•ICT equipment business in 2015 has grown by 7.4% or 262.2 billion won to 3.8125 trillion won. The Ministry of Science, ICT and Future Planning and the Ministry of Public Administration and Security announced the prospective demand on public sector SW and ICT equipment for 2
Jeansun Kim   2015-03-16
[POLICY] Bank of Korea cuts interest rate to 1.75% which is a record low
Korea셲 central bank has joined a series of other central banks to cut rates in an effort to boost Asia셲 fourth largest economy and prevent it from falling into deflation.The Bank of Korea surprised the market on Thursday by unexpectedly lowering its key interest rate by 0.25 percent to a record lo
Whowired News Team   2015-03-12
[POLICY] Korea to remove Active X control within this month
Active X control will be removed in public websites in Korea this month. The Ministry of Home Affairs announced on the 3rd that it will come up with detailed plans to remove Active X control at the end of this month. The program has been a necessary part of computing experience in Korea for safe dow
Jeansun Kim   2015-03-03
[POLICY] Kaesong to benefit from Korea-China FTA
Korea-China FTA grants Kaesong Industrial Complex the benefits of reduced tariffs. The Ministry of Trade, Industry and Energy announced on the 25th that it initiated FTA, recognizing more items for the rules of origin. Both countries expect FTA to come into effect after official signature within the
Liz Kim   2015-02-25
[POLICY] Public hearing on crisis safety communications network project to be held on the 24th
The public hearing on the national crisis safety telecommunications network project will be held on the 24th at Seoul Sejong Center. The Ministry of Public Safety and Security plans to draw up a final version of the plans in March after announcing details and reaching a consensus at all levels of th
Jeansun Kim   2015-02-23
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