Korea can never make globally-accredited achievements if it keeps scientists and inventors in the frame of management, not encouragement.
Only radical, determined and effective support to buttress Korea’s chip edge can reap the fruits of strengthened national competitiveness, economic growth, and job increases.
The Seoul Metropolitan Government announced on Monday that it will subsidize almost half the price of a hydrogen vehicle as part of its plan to reach carbon neutrality by 2050.
A parked car charges at a charging station in Seoul on Tuesday. The Ministry of Environment announced on the same day that electric cars priced below 85 million won ($63,988) will be eligible to receive governmental subsidies.
Korea is offering financial incentives to encourage companies to bring production facilities back from overseas. The measures include corporate investment subsidies, extended tax discounts and tax credits for R&D.
Instead of hoarding money, the ministry should put it to effective use for birth and future education policy.
For children between the ages of eight and 18, a monthly cash allowance of 150,000 won will be granted. The upcoming allowance will be given for children born in 2024 when they turn eight in 2032.
The government must make it obligatory for civic groups to present electronic data on their spending, retrieve their subsidy if embezzlement was discovered and raise the reward for whistleblowers.
Korea JoongAng Daily Sitemap
