SEOUL, Dec. 10 (Korea Bizwire) – South Korea’s Artificial Intelligence (AI) Framework Act, once slated for approval by the end of the year, has been derailed due to escalating political tensions following the botched martial law incident and the collapse of an impeachment motion against President Yoon Suk-yeol. The delay has heightened uncertainty for the country’s [...]
SEJONG, Dec. 10 (Korea Bizwire) – The National Tax Service (NTS) of South Korea has implemented an AI-powered cybersecurity monitoring system to safeguard tax data against a surge in hacking attempts. Officially launched in December following a successful trial in October, the system significantly enhances the speed and efficiency of threat detection and response. The AI [...]
SEOUL, Dec. 9 (Korea Bizwire) — The Seoul city government said Monday it will expand the operation of late-night taxis and extend the operation hours of buses until the year-end to meet the surge in demand from year-end gatherings. The city plans to supply 1,000 additional night cabs and set up temporary taxi stops in [...]
SEOUL, Dec. 9 (Korea Bizwire) – The Seoul Metropolitan Government has announced a strategic partnership with India’s prestigious Indian Institute of Technology (IIT) Delhi to strengthen cooperation in the artificial intelligence (AI) sector. The agreement, signed on December 6 during a Seoul delegation’s visit to India, aims to advance innovation and collaboration between two global [...]
ANDONG, Dec. 9 (Korea Bizwire) – North Gyeongsang Province announced on December 8 that it will conduct special enforcement measures across its 22 cities and counties, focusing on seafood origin labeling verification and illegal fishing activities in the East Sea, with particular attention to snow crabs. This initiative comes in response to growing concerns about potential mislabeling [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea is witnessing a steady shift toward transparent corporate governance as more conglomerates adopt holding company structures. However, concerns are mounting over indirect investments via overseas subsidiaries, potentially enabling unfair internal transactions and abuse of authority. According to the Fair-Trade Commission (FTC), 43 of the country’s 88 conglomerates [...]
SEOUL, Dec. 5 (Korea Bizwire) – When Choo Shin-soo, one of South Korea’s most successful Major League Baseball players, recently addressed longstanding rumors about avoiding national team duty after receiving a military service exemption, his explanation that “the team opposed it” did little to quell public criticism. Despite his distinguished 16-year career in American baseball, online [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korea’s Ministry of Environment announced plans to revise regulations governing saline wastewater discharge from secondary battery production, aiming to better assess its ecological impact on marine environments. The proposed amendments to the Water Environment Conservation Act and the Sewerage Act will be open for public comment starting December [...]
SEOUL, Dec. 4 (Korea Bizwire) — The unification ministry said Wednesday it will focus on stably managing the situation with North Korea while adhering to its principle-based policy toward Pyongyang, following the short-lived declaration of martial law. The ministry released the statement after a meeting of senior officials, presided over by Unification Minister Kim Yung-ho, [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korea has officially launched a project to develop Tech-GPT, an AI-powered platform designed to explore global technologies, companies, and talent, leveraging generative AI capabilities. The Ministry of Trade, Industry, and Energy announced on Tuesday that it held a signing ceremony for the Tech-GPT project in collaboration with the Korea [...]