SEOUL, Dec. 8 (Korea Bizwire) — South Korean police have reassigned an investigator specializing in medical crimes to reexamine allegations that resident doctors at a major Seoul hospital received illicit kickbacks from pharmaceutical companies, signaling renewed scrutiny of a case long criticized for lackluster enforcement. According to officials and reporting by Yonhap News Agency, the Seoul [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea unveiled new measures on Sunday to strengthen security oversight of internet-connected cameras after police uncovered a sweeping hacking scheme in which more than 120,000 IP cameras installed in homes, hospitals, spas and massage clinics were compromised and used to produce sexually exploitative material. The scheme, uncovered by the [...]
SEOUL, Dec. 7 (Korea Bizwire) — Seoul’s apartment market has slipped into a sharp slowdown following the government’s October 15 real estate policy, with transaction volume dropping steeply and demand in key Han River districts all but evaporating, government data show. According to the Ministry of Land, Infrastructure and Transport’s real transaction system, there were 2,372 [...]
SEOUL, Dec. 7 (Korea Bizwire) — Four major financial firms will likely see their interest income decrease for the first time since 2020 this year due to tighter lending rules aimed at curbing surging housing prices, data showed Sunday. KB Financial Group, Shinhan Financial Group, Hana Financial Group and Woori Financial Group are expected to [...]
SEOUL, Dec. 6 (Korea Bizwire) — The government unveiled plans Saturday to toughen the management and screening process for the state-certified information security system amid growing personal data breaches at authorized companies, such as Coupang. The Personal Information Protection Commission and the Ministry of Science and ICT discussed the measures during an interagency meeting earlier [...]
SEOUL, Dec. 5 (Korea Bizwire) — The government on Friday launched an interagency resource security council to beef up the country’s response capabilities against supply chain disruptions and stabilize management of critical resources, the industry ministry said. The council was established to bolster South Korea’s security in resources that play a crucial role for advanced [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea will soon allow health authorities to obtain real-time information on medical staffing at hospitals and clinics during national emergencies, under a revised law passed by the National Assembly this week. The amendment to the Health and Medical Workforce Support Act, approved on December 2 and set to take [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korean authorities have concluded that artificial intelligence systems that train on entire news articles or textbooks without permission are infringing copyright, marking the government’s strongest stance yet on data use in the AI era. At a public briefing on Thursday, the Ministry of Culture, Sports and Tourism and the [...]
SEOUL, Dec. 4 (Korea Bizwire) — Tax authorities said Thursday they will investigate more than 2,000 cases involving the transfer of high-value properties in upscale areas of Seoul over suspected tax evasion, amid tighter government regulations on real estate lending. A total of 2,077 property-transfer cases in the districts of Gangnam, Mapo, Yongsan and Seongsu [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea has abolished the statute of limitations for sexual violence committed by family members against children and adolescents, a sweeping legal reform aimed at strengthening protections for young victims and increasing accountability for offenders. The Ministry of Gender Equality and Family said Wednesday that the National Assembly passed revisions [...]