Policy

MSIT Poised to Revamp Korea’s Online Search Service System
Thursday, May 23rd, 2013

SEOUL, KOREA – The Ministry of Science, ICT and Future Planning (MSIT) has set out to improve Korea’s online search service system. Many believe MSIT’s such move is probably taking aim at NHN, the operator of Naver (S. Korea’s most popular search engine) since NHN is currently being investigated by Fair Trade Commission (FTC) for alleged power abuse and unfair trading.

S.Korea Determined to Resume Negotiations on FTA with Russia in 5 Years
Thursday, May 23rd, 2013

SEOUL, KOREA – The Korean government is poised to re-start negotiations on a Korea-Russia FTA in five years. On Tuesday, the Korean government said that it will make efforts to resume negotiations on a Korea-Russia FTA at an earlier date.

Moves to Toughen Korea’s Online Transaction Security System
Tuesday, May 21st, 2013

SEOUL, KOREA – Two lawmakers of South Korea's main opposition party are determined to drastically revise Electronic Financial Transaction Act and Digital Signature Act in order to introduce various online security and certification technologies.

Government to Unveil Action Plan for Creative Economy
Thursday, May 16th, 2013

SEOUL, KOREA – The Park Geun-hye administration’s creative economy policy is expected to make headway. On May 29, the Korean government will unveil an inter-ministerial roadmap for implementing the creative economy policy.

The Cyber Terror on March 20 and Its Countermeasures
Tuesday, May 14th, 2013

SEOUL, KOREA - According to the joint response team comprised of experts from the private sectors, the government and the military, the cyber attack against Korea’s financial institutions on March 20 was done by the North after building a very detailed plan at least eight months beforehand.

The Socially Underprivileged Are Also Alienated from Information Access
Monday, May 13th, 2013

SEOUL, KOREA - It has been surveyed that four social minor groups including the disabled, low-income brackets, farmers and fishermen and elderly people have very limited access to mobile information compared with the ordinary people. The government is planning to support the socially underprivileged regarding the mobile information access.

The Bank of Korea Cut the Key Interest Rate in Seven Months
Friday, May 10th, 2013

SEOUL, KOREA - Recanting its initial position, the Bank of Korea (BOK) has decided to lower the key interest rate for the first time in seven months, earning positive reviews from the market.

Consolidated Support System for U-turn Companies Is Needed
Friday, May 10th, 2013

SEOUL, KOREA – It is urgent to set up a one-stop solution system that will coordinate U-turn company support programs that have been implemented separately by different ministries. U-turn companies mean domestic companies, which had built their production bases in other nations to cut production costs, made a U-turn to Korea.

[President’s Park US Trip] Creation of US-Korea ICT Policy Council
Thursday, May 9th, 2013

SEOUL, KOREA – South Korean President Park Geun-hye and US President Barack Obama agreed to create a US-Korea ICT policy council, which is expected to take center stage in US-Korea ICT exchanges.

President Park Rounds out Her US Trip with “Creative Economy”
Thursday, May 9th, 2013

SEOUL, KOREA – On Thursday, on the final leg of her trip to the US, South Korean President Park Geun-hye will meet with leading figures who spearheaded infusing the concept of “creative economy” into the US economy.

The Future Ministry to Nurture Internet Startups
Wednesday, May 8th, 2013

SEOUL, KOREA - The Ministry of Future Creation and Science together with portal sites and communications companies are going to implement a comprehensive policy of nurturing Internet-related startups.

Future Ministry Public Officials Waiting to Be Assigned Have No Future
Tuesday, May 7th, 2013

SEOUL, KOREA - Kim Ggot-maeum (43), a manager of the Ministry of Future, Creation and Science, is a science and technology expert who passed National Examinations for Public Administration and has a doctorate from Cambridge University where she studied on government scholarship. But she has been just staying at home for as many as four months as she is one of those waiting to be assigned.

President Park Pledges Efforts for Science, Technology and ICT
Tuesday, May 7th, 2013

SEOUL, KOREA – On her first visit to the US as president, President Park Geun-hye once again expressed her determination to promote science, technology and ICT (information communications technology).

Frequency Band Allocations Seek Industrial Promotion and Fair Competition
Tuesday, May 7th, 2013

SEOUL, KOREA – The Korean government’s policy for frequency bands allocations has been designed to promote balanced industrial development and fair competition.

NIPA to Support Open Source SW Development
Friday, May 3rd, 2013

SEOUL, KOREA - National IT Industry Promotion Agency (NIPA) announced on the 2nd that it would select 15 tasks in participating in ‘2013 Open Source SW Development Support Project’ and make relevant contracts by the 7th. The Agency is to put KRW 1.3 billion in total to help companies and individual businesses implement their tasks and relevant communities.

Korea-Turkey FTA to Take Effect on the 1st
Wednesday, May 1st, 2013

SEOUL, KOREA - The free trade agreement (FTA) between Korea and Turkey is going to take effect as of May 1st. Tariffs imposed on color TVs and fridges will be gradually lifted within 7 and 5 years respectively.

A Great Portion of the Budget for Next Year to Be Allotted for ICT Convergence Business
Wednesday, May 1st, 2013

SEOUL, KOREA - When allocating the budget for next year, the government is planning to focus on the areas related to the creative economy such as expanding creative and converged R&D, creating jobs and finding ICT convergence business opportunities. The government is also going to allot a great portion of the budget for fostering promising SMEs.

Incheon to Hold a Global Environment and Energy Fair
Tuesday, April 30th, 2013

SEOUL, KOREA - The Northeast Asian hub city of Incheon is going to host a large-scale exhibition for the environment and energy industry.

Public Sector Software Project Commissioning Practice Needs a Reform
Monday, April 29th, 2013

Seoul, Korea - The practice of government offices on commissioning public information system project is hurting the software industry. 

Korean Government’s Software Promotion Policy Is Not Helping
Saturday, April 27th, 2013

SEOUL, KOREA – The software industry has emerged as the centerpiece of the Korean government’s creative economy agenda. The government has rolled up its sleeves to promote the software industry, drawing up as many as 140 major national tasks related to software.

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