South Korea to Boost Exports of Cooling Systems for Data Centers as AI Demand Soars
Industry Minister Ahn Duk-Geun announced that the country aims to make the data center cooling equipment sector a key driver ...
Tag: government
South Korea Unveils $10 Billion Plan to Support Semiconductor Industry
The South Korean government has announced a series of measures to strengthen the domestic semiconductor ecosystem to address the national ...
SK C&C Launches AI-Driven Digital SHE Consulting Service for Enhanced Workplace Safety and Compliance
SK C&C has launched a new service that integrates artificial intelligence (AI) and digital transformation (DX) technologies to manage safety, ...
FTC Imposes 72.4 Billion Won Fine on Kakao Mobility Over Antitrust Violations
South Korea's Fair Trade Commission (FTC) has imposed a fine of 72.4 billion won ($54.9 million) on Kakao Mobility, the ...
Government Inspects Naver, Calls for Better Disaster Management
Naver, one of South Korea's leading tech companies, has received its first corrective order from the government for inadequate measures ...
South Korea to Invest $14.5M in Blockchain Innovation Across Public and Private Sectors
South Korea plans to invest 20 billion won (approximately $14.5 million) in a blockchain support project to enhance the local ...
Cryptocurrency Excluded from South Korea’s Amended Donation Laws
South Korea has recently updated its donation legislation, but the amended laws exclude digital currencies like Bitcoin to be used ...
South Korea Contemplates Subsidies to Attract Semiconductor Manufacturers
The government is contemplating offering subsidies to semiconductor manufacturers in South Korea. Furthermore, the government has extended tax deductions for ...
Korean Government Expands Overseas Presence to Drive Smart Farm Technology Exports
The Korean government plans to establish four new overseas offices in countries across the Middle East, the Commonwealth of Independent ...
Platform Act Delayed: South Korea Reconsiders Regulation of Tech Giants
South Korea has indefinitely postponed the implementation of the Platform Competition Promotion Act, which aimed to regulate major platform players ...
South Korea Unveils ‘Korean Reaper’: Advanced Spy Drones Strengthen Military Surveillance over North Korea
South Korea has initiated the mass production of a newly designed multi-purpose medium-altitude unmanned aerial vehicle (UAV) named 'Korean Reaper,' ...
Korean Government Unveils KASA, Aiming for 10% Share in Global Aerospace Market
The Korean government is advancing the establishment of the Korea Aerospace Administration (KASA) as a critical step following the recent ...
South Korea’s 2024 Basic Research Project: A $1.5 Billion Investment in Innovation
South Korea announced its commitment to basic research this year, with a planned investment exceeding 2.1 trillion won (US$1.5 billion) ...
South Korea Unveils $29 Billion Financial Boost for Battery Industry Over 5 Years
South Korea is set to allocate a financial package of 38 trillion won ($29 billion) over the next five years ...
South Korea to Invest $1.65 Billion in Advanced Industry Clusters
The Korean government has unveiled its plan to invest a total of 2.2 trillion won ( USD 1.65 billion) in ...
South Korea’s Plans Ultra-Low-Power AI Chips Target 10 Trillion Operations by 2030
South Korea is set to develop advanced artificial intelligence (AI) chips by 2030, designed to perform over 10 trillion operations ...
Korea Takes Action Against Technology Leakage: Proposed Bill Targets Industrial Technology Protection
The Korean government has proposed a bill to strengthen penalties concerning technology leakage. This comes amid a recent surge in ...
South Korea Considers Revising Password Replacement Rule to Enhance Data Privacy
The South Korean government is considering revising the regulation that mandates personal information handlers to change their passwords every six ...
South Korea to spend $515 million on the nuclear energy sector
South Koreaā€™s Ministry of SMEs and Startups announced a 675 billion won i.e. around $515 million investment for the nuclear ...
Korean electric vehicle battery companies receive tax relief from the US administration
The US government announced tax relaxation for South Koreaā€™s electric vehicle (EV) battery companies on Sunday. As per industry officials ...
