The government will mobilize utmost efforts to fine-tune export strategies, under a broader goal of fortifying Korea s trade balance which is showing signs of a greater-than-expected deficit, according to nine economy-related ministries, Wednesday. Chief among the objectives is strengthening the overseas expansion of 15 growth-driving local manufacturing industries, including a close and continued follow-up of the 26 memorandums of understanding (MOUs) signed between Korea and Saudi Arabia. The Middle Eastern country signed investment deals with Korean businesses amounting to about 40 trillion won ($29 billion), as reaffirmed by the country s prime minister and Crown Prince Mohammed bin Salman during his visit to Korea last week. Infrastructure minister Won Hee-ryong said Monday that trillions of won in joint business projects will be announced before the year s end.
The governments of Indonesia’s Jakarta Province and South Korea have agreed to cooperate for the Phase IV development of the Jakarta MRT, specifically .
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The government will seek the full implementation of autonomous driving by 2027, a policy goal buttressed by a series of pilot program plans including late-night operation of driverless buses in select metropolitan areas by 2025, the transport ministry said Monday.