Search result for Korean Government
The Korean government wants to make the telecoms market there more competitive.
The three telecom companies in Korea, SK telecom, KT, and LG Uplus, have all been monopolies for more than 20 years. To change this system, the Korean government will lower the fee for giving a new operator a frequency allocation and give the new operator help, such as loans of up to 400 billion ...
The Korean government is pursuing third-party reparations for Japan's wartime atrocities.
Reparations for Koreans who were forced into war labour by Japanese colonial authorities between 1910 and 1945 have been all but abandoned by the Korean government. A representative of the Ministry of Foreign Affairs said on Thursday during an open forum on the issue at the National Assembly in S...
S. KOREA IS CURRENTLY DEVELOPING ITS OWN COVID-19 VACCINE
Highlights –
- S. Korea is currently developing its own COVID-19 vaccine.
- S. Korea secured COVID-19 vaccines for 79 million people from global pharmaceutical companies.
- Phase 3 clinical trials of a homegrown vaccine could take place at ...
S. KOREAN GOVT. PLANS TO MONITOR ILLEGAL CRYPTOCURRENCY ACTIVITIES
Highlights –
- S. Korean govt. plans to monitor illegal cryptocurrency activities.
- S. Korea is concerned with speculative investments and potential illegal activities through cyrptocurrency.
- The country’s finance ministry, FSC, an...
SOUTH KOREA AMENDS FTRA; MAKES REGISTRATIONS WITH FIU MANDATORY
Highlights:
• The South Korean government wants to regulate the crypto domain
• The government is concerned about crypto being used for money laundering
South Koreans have b...
S. KOREAN GOVT. TO BAN EATING AT 21 TYPES OF PUBLIC PLACE FROM MONDAY
Highlights –
- S. Korean govt. to ban eating at 21 types of public place from Monday.
- The violators will be fined $88 starting April 5.
- The govt. extended the current Level 2 social distancing rules in Seoul’s densely populated ar...
HYUNDAI MOTOR’S IONIQ 5 PREORDERS EXCEED 23,000 UNITS
Highlights –
- Hyundai Motor’s IONIQ 5 preorders exceed 23,000 units.
- The company’s first model embedded with Hyundai Motor Group’s own EV-only E-GMP received 23,760 unit preorders.
- Hyundai revealed the IONIQ 5 midsize...
S. KOREAN FINANCE MINISTRY LIKELY TO SUBMIT EXTRA BUDGET PROSPOSAL
Highlights –
- S. Korean finance ministry likely to submit an extra budget proposal.
- Finance Minister Hong Nam Ki has instructed officials to do the same by next week.
- The govt. and the ruling Democratic Party may surpass the budget by ...
TESLA SOUTH KOREA LAUNCHED SUV MODEL Y ON FRIDAY
Highlights –
- Tesla South Korea launched SUV Model Y on Friday.
- The Model Y will be available in 3 trim levels in the country.
- The S. Korean govt. will give the full amount of subsidies to an electric car priced below 60 million won.
KOREAN GOVERNMENT TO HARBOR INSIGNIFICANT SOCIAL DISTANCING LEVELS UNWINDING CONSEQUENCES
- South Korea will upkeep Level 1 social distancing regulations under a revised five-tier scheme as the average daily number of new cases remains below 100 this week, the health authority said Friday.
- The newly set up five-tier scheme, which takes effect Saturday, breaks the curr...
GOVERNMENT SHIFTS GAZE TO TERMINALLY ILL AND ELDERLY COVID-19 PATIENTS REDUCING MORTALITY RATES
- The government has shifted gaze from COVID-19 quarantine policies of preventing new cases to lowering death rates, the health authorities said Monday.
- As the country has changed ideologies by coexisting with the coronavirus, government officials are looking at management of the...
S. KOREA TO PROP UP SME’S WITH FINANCIAL AID IN REPLY TO COVID-19 COMEBACK
- In response to a heightening economic slump due to the recent come-back of COVID-19 cases, South Korea on Thursday said it will keep providing financial lifelines for coronavirus-hit small business owners.
- Due to a second monstrous wave of the coronavirus pandemic, a growing nu...
KOREA INTENDS PROPPING SME’S BY PAYING MONEY UPFRONT
- The Korean Government is undertaking a slew of measures to bring the small business enterprises back on track.
- The Government will spend money upfront to help businesses weather the loss.
The self-employed and small businesses have been under ...