SEOUL, Nov. 4 (Korea Bizwire) – The government will provide additional support to the steel industry for its much-needed transition to high-value and eco-friendly products, the industry ministry said Tuesday, the latest effort to save the ailing sector facing global oversupply and escalating trade protectionism. The road map aimed at boosting the competitiveness of the [...]
SEOUL, Nov. 3 (Korea Bizwire) – The top generals of South Korea and the United States met in Seoul on Monday to discuss a question that has haunted the alliance for decades: when, and under what conditions, South Korea will regain control of its own forces in wartime. General Jin Yong-sung, chairman of South Korea’s Joint [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korea on Friday launched a new reporting platform that allows users to share experiences of harm or misconduct linked to generative artificial intelligence (AI) services such as ChatGPT, as part of a broader effort to address the social risks emerging from the rapid adoption of AI. The Korea Media [...]
SEOUL, Oct. 31 (Korea Bizwire) – The government is considering establishing an interagency team of relevant ministries to develop and build a long-coveted nuclear-powered submarine, a government source said Friday. During their summit in Gyeongju on Wednesday, President Lee Jae Myung openly asked U.S. President Donald Trump to allow his country to secure nuclear fuel [...]
SEOUL, Oct. 30 (Korea Bizwire) — Seoul is turning to artificial intelligence and advanced spatial data to make its streets safer, using a city-developed 3D mapping platform to identify and eliminate potential crime blind spots. City officials said Wednesday that the new system, known as the S-Map Crime Vulnerability Prediction Model, will be fully deployed [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s financial authorities are moving to tighten oversight of insurance agents in an effort to curb their involvement in fraud, introducing measures that would mandate pre-screening and expand public disclosures of disciplinary records. The Financial Services Commission said Wednesday it discussed the reforms during a meeting of the Insurance [...]
GWANGJU, Oct. 30 (Korea Bizwire) — South Korea is confronting a troubling rise in criminal investigations and prosecutions involving people with mental disabilities, prompting renewed calls for reforms to safeguard their legal rights. According to a report released in May by the Judicial Policy Research Institute, criminal cases involving mentally disabled individuals nearly doubled in four [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea has convened labor, business and government representatives to pursue the first major overhaul of the nation’s retirement pension system in more than two decades, aiming to strengthen income security for an aging workforce. The Ministry of Employment and Labor on Tuesday launched a tripartite task force dedicated to [...]
SEOUL, Oct. 29 (Korea Bizwire) – South Korea will expand financial protections for low-income debtors next year, introducing a new “livelihood account” that shields up to 2.5 million won (US$1,740) per month from seizure. The Ministry of Justice said Tuesday it will propose a revised enforcement decree to the Civil Execution Act that raises the [...]
JEJU, Oct. 28 (Korea Bizwire) — Jeju Province said Tuesday it will seek a legal revision by year’s end to classify sika deer as harmful wildlife and ban the feeding of feral pigeons, amid growing concerns over ecological disruption and public hygiene. The planned amendment to the provincial ordinance follows the central government’s move to add [...]