SEOUL, Oct. 23 (Korea Bizwire) — South Korea will overhaul its market surveillance framework this month, moving from an “account-based” to an “individual-based” monitoring system in an effort to better detect unfair trading and improve enforcement efficiency, financial regulators announced Wednesday. The Financial Services Commission (FSC) said that amendments to the Enforcement Decree of the Capital [...]
JEJU, South Korea, Oct. 23 (Korea Bizwire) — The Jeju provincial government has unveiled a sweeping initiative to eliminate price gouging at tourist attractions and local festivals, following a series of public complaints about overcharging and poor-quality food during recent events. The plan, announced Wednesday after a government–private sector meeting chaired by Vice Governor Kim Ae-sook, [...]
MUAN, South Korea, Oct. 22 (Korea Bizwire) — On the reclaimed coastline of South Jeolla Province, an ambitious experiment in urban design is quietly taking shape. The corporate city of Solasido — a blend of solar, sea, and do (province) — is emerging as South Korea’s latest bid to merge renewable energy with artificial intelligence, drawing [...]
SEOUL, Oct. 22 (Korea Bizwire) – In South Korea, the seemingly harmless act of skipping a restaurant reservation may soon come with a much steeper price. The Fair Trade Commission announced Wednesday that it plans to raise cancellation fees for diners who fail to show up without notice—a move aimed at curbing what officials describe [...]
SEOUL, Oct. 22 (Korea Bizwire) — More than six years after South Korea’s Constitutional Court struck down the nation’s longstanding abortion ban as unconstitutional, lawmakers have yet to pass replacement legislation—leaving women and medical professionals in a state of growing uncertainty. A new government-backed study released Tuesday by the Ministry of Health and Welfare and [...]
MUAN, Oct. 22 (Korea Bizwire) — In a country racing to secure its place in the global artificial intelligence arms race, South Jeolla Province has quietly become a surprising frontrunner. Backed by abundant renewable energy and vast land resources, the region is drawing some of the world’s biggest technology investments—including the government’s next national AI computing [...]
SEOUL, Oct. 22 (Korea Bizwire) — The Seoul Metropolitan Council is taking a landmark step toward acknowledging the economic and social value of unpaid labor traditionally carried out by women. Council Chair Choi Ho-jung announced Tuesday the introduction of an ordinance that would allow women who have spent years in household management or caregiving roles to [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea will expand its national pension premium support program starting in 2026 to cover low-income individuals who have temporarily lost income due to job loss or business closure, even if they do not immediately resume payments, the government announced Monday. The reform, part of the pension overhaul agreed upon [...]
South Korea’s Nuclear Export Deal with Westinghouse Sparked by U.S. Ruling on Reactor Technology Origins SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government’s controversial settlement with U.S. firm Westinghouse over nuclear technology rights was driven by a 2024 decision from the U.S. Department of Energy (DOE) declaring that Korea’s APR1400 reactor design contains American-origin [...]
SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government will formally launch the “K-Ship Tech Alliance” next year, a sweeping initiative designed to accelerate the shipbuilding industry’s transition to artificial intelligence (AI) technologies as part of the country’s broader industrial innovation strategy. Announced at a high-level economic ministers’ meeting chaired by Deputy Prime Minister and [...]