SEOUL, April 16, (Korea Bizwire) — A recent investigation by the Korea Consumer Agency (KCA) has uncovered widespread mislabeling and deceptive advertising practices in pet supplements sold both online and offline, raising concerns over product safety and consumer misinformation. The agency announced on Tuesday that out of 20 pet nutritional products it tested, a significant [...]
SEOUL, April 15 (Korea Bizwire) — The head of South Korea’s financial watchdog has vowed to push ahead with a series of steps to boost fairness and transparency in the capital markets, as well as shareholder value, the Financial Supervisory Service (FSS) said Tuesday. In a meeting with dozens of bankers and financiers in Hong [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s antitrust regulator has penalized a domestic game developer for deceiving players about the odds of winning in-game items, marking a rare move to regulate deceptive practices in the booming online gaming sector. The Korea Fair Trade Commission (KFTC) announced on Monday that it has imposed a corrective [...]
SEOUL, April 15, (Korea Bizwire) — In an effort to protect consumers from online shopping mishaps, the Seoul Metropolitan Government has introduced a new self-assessment service designed to help residents identify and prevent potential e-commerce risks before making purchases. The interactive service, launched through the city’s E-Commerce Center, draws on an extensive database of 7,000 [...]
JEJU, April 15 (Korea Bizwire) — The South Korean government has designated two new marine protected areas off the coast of Jeju Island, including the habitat of the endangered Indo-Pacific bottlenose dolphin, in a major step toward conserving the region’s fragile marine ecosystems. The Ministry of Oceans and Fisheries officially declared on April 11 that the [...]
SEOUL, April 14 (Korea Bizwire) — The Seoul Metropolitan Government has announced it will expand its free Hangang River sightseeing shuttle service, known as the Hangang Haechi Car, to Nanji Hangang Park, following the success of its pilot program in Banpo Hangang Park last year. The electric shuttles, designed with the city’s Haechi mascot, will operate [...]
SEOUL, April 14 (Korea Bizwire) — As South Korea enters an early presidential race, a recent survey has revealed that the top policy demand among labor experts is the full application of the Labor Standards Act to all workers, including those at small businesses and in freelance or non-standard roles. In a poll conducted by labor [...]
SEOUL, April 12 (Korea Bizwire) — As South Korea’s petrochemical sector grapples with a historic downturn, the government is expected to unveil new support measures in the coming months, following the completion of a strategic industry consulting project commissioned to address deep structural challenges. The Korea Petrochemical Industry Association recently submitted a final report to [...]
SEOUL, April 11 (Korea Bizwire) — The government announced plans Friday to inject an additional 9 trillion won (US$6.6 billion) in financing to support exporters facing strong tariffs imposed by U.S. President Donald Trump’s administration and escalating global trade tensions. The decision was made during a meeting of external economic ministers held in Seoul, as [...]
SEOUL, April 11 (Korea Bizwire) — The Finance Ministry said Friday that the government will extend the tariff-rate quota system on pork and egg product imports in an effort to stabilize food prices. Starting May 1, emergency tariff quotas will be applied to 10,000 tons of raw pork for processed foods and 4,000 tons of [...]