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The Republic of Korea is testing drone technology in a variety of applications, including construction, agriculture, health care, and law enforcement.
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The public management of revenue and service routes prioritized people’s need for safe and convenient public transport.
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In Seoul, commuters use a smart card to pay for travel on any mode of public transport.
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Seoul’s Transport Operation and Information Service (TOPIS) is an integrated data hub for smart city management.
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Studies show that migrant high-skilled professionals can help increase trade, capital flows, and knowledge and technology transfers whether or not they return to their home countries.
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The idea behind shared responsibility mortgage is to link the principal balance and interest payments to a house price index.
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Knowledge of a startup’s technology, human resources, marketability, and growth potential lowers the risks of venture capital investments.
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Seoul’s Owl Service has reduced the use of passenger cars by more than 2 million trips per year.
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The Seoul Metropolitan Government provides market analysis, such as consumption patterns and purchasing power, to help small entrepreneurs succeed.
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Seoul established a quasi-public bus system, restructured routes, created median lanes, built transfer centers, and integrated its fare system to improve service.
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Major reforms toward a market-based, open economy required extensive public communications to gain public support in the Republic of Korea.
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Faced with periods of drought, Seosan City in the Republic of Korea uses smart technologies to manage limited water resources and reduce leakages.
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In Seoul, 90% of landfill-bound wastes were instead used to produce energy enough to heat 518,000 households.
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A “polluters pay” policy helps Seoul reduce household waste going to the landfill by 90% and waste generated by the city by 40%.
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In the Republic of Korea, large financial firms should lead efforts to support high-risk, high-return intellectual property investments.