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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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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 Seoul, 90% of landfill-bound wastes were instead used to produce energy enough to heat 518,000 households.
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In the Republic of Korea, large financial firms should lead efforts to support high-risk, high-return intellectual property investments.
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Promoting responsible lending practices on online peer-to-peer platforms builds market trust and deters the need for further regulation.
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Close cooperation between civil groups and authorities is needed to make the streets more walkable and safe for pedestrians.
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Paving roads with fiber-reinforced asphalt mixture and using a pothole detection technology can help keep roads safe and pothole free.
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Using a new cement compound that applies nanoparticles can extend the service life of structures to 200 years or more.
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In the Republic of Korea, modular homes assembled like LEGO units are being developed as a response to the growing need for small to mid-size housing.
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There is a quicker and more economical way to survey 160,000 road information.
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The Republic of Korea wants to help businesses to secure loans using movable assets, including goods, receivables, and intellectual property.
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In the Republic of Korea, there is a need for a consolidated database to provide timely market information on self-employed workers by region and business sector.
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In easing the debt burden of economically vulnerable groups, measures should be taken to prevent creditor resistance and moral hazard among borrowers.
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Population aging threatens fiscal sustainability unless government takes steps to reduce elderly poverty and manage public spending on pensions and healthcare.
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In the Republic of Korea, financial firms need to enhance the convenience of mobile services and ensure universal accessibility.