Seoul, April 28 (IANS) The industry ministry here said on Tuesday it will provide a combined 300 billion won ($203.6 million) in support for projects aimed at facilitating the artificial intelligence (AI) and green transformation of industrial complexes.The support will be offered over the next three to four years for nine projects aimed at creating the so-called smart and green industrial complexes, according to the Ministry of Trade, Industry and Resources. The ministry will first invest a com…
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Seoul, April 24 (IANS) The government will designate 10 cities to serve as major hubs for startup ecosystems by next year in a bid to promote balanced regional growth and create more jobs for young people, the finance ministry here said on Friday.It will first designate four cities that house the country’s major science institutes — Daejeon, Daegu, Gwangju and UIsan — as startup hubs this year, and name six more cities outside of the greater Seoul area with such potential next year, according …
Seoul, April 24 (IANS) The South Korean government will designate 10 cities to serve as major hubs for startup ecosystems by next year in a bid to promote balanced regional growth and create more jobs for young people, the finance ministry said on Friday. It will first designate four cities that house the country’s major science institutes — Daejeon, Daegu, Gwangju and UIsan — as startup hubs this year, and name six more cities outside of the greater Seoul area with such potential next year, a…
Seoul, Feb 15 (IANS) Outbound traffic congestion was expected to peak on Sunday as more people head to their hometowns on the second day of the Lunar New Year holiday. The nation will mark the major holiday, known as Seol, on Tuesday, with the holiday period beginning over the weekend and running through Wednesday, reports Yonhap news agency.Traffic caused by cars on outbound routes was expected to be the heaviest between noon and 1 p.m. and ease from around 8 to 9 p.m., according to the state-r…
Seoul, Feb 15 (IANS) North Korea is expected to observe a longer Lunar New Year holiday this year, as it immediately follows the national holiday marking the birthday of the late former leader Kim Jong-il.North Korea observes a one-day Lunar New Year holiday, which falls on Tuesday this year, shorter than South Korea’s three-day holiday.This year’s Lunar New Year falls on a day after the late leader’s birthday on Monday, following Sunday, giving North Koreans a three-day holiday.Generally, North…
Seoul, Feb 2 (IANS) Heavy snow blanketed South Korea overnight Monday, disrupting the morning commute, with snowfall forecast to continue in eastern and southern parts of the country, the weather agency said. A heavy snow advisory was lifted for Seoul at 4 a.m. (local time), but city officials mobilised snow removal trucks throughout the early morning to spread deicing agents and minimise inconveniences to commuters.The city issued a mobile alert at 6 a.m. to warn of slippery roads due to the ov…
Seoul, Jan 18 (IANS) The number of companies operating in South Korea’s free economic zones rose 4.4 per cent from a year earlier in 2024, driving gains in employment and investment, the industry ministry said on Sunday.A total of 8,590 companies were operating in the country’s free economic zones at the end of 2024, up from 8,228 firms a year earlier, according to data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.Employment at those firms increased 8.8 percent …