SEOUL, Dec. 18 (Korea Bizwire) — Chung Yong-jin, chairman of South Korean retail conglomerate Shinsegae Group, was set to meet with Donald Trump Jr., the eldest son of U.S. President-elect Donald Trump, at the president-elect’s Florida resort this week, the group said Wednesday. Chung is visiting the Mar-a-Lago resort Tuesday and Wednesday (U.S. time) to [...]
SEOUL, Dec. 18 (Korea Bizwire) — The Navy on Wednesday received its first 3,600-ton frigate with enhanced anti-submarine and anti-air capabilities, the state arms procurement agency said. A ceremony to mark the delivery of the ROKS Chungnam, named after a central province, took place at the HD Hyundai Heavy Industries shipyard in Ulsan, some 310 [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry said Wednesday the country plans to implement eased regulations for hydrogen charging stations next year in line with efforts to support the sector’s ecosystem. The set of new rules is reflected in the revised high-pressure gas safety control act, which will be implemented in May, [...]
SEOUL, Dec. 18 (Korea Bizwire) — The government on Wednesday unveiled a series of measures to stimulate corporate investment in key industries, aiming to address concerns that recent political turmoil could have long-term negative effects on the economy. The plan was introduced during a meeting chaired by Finance Minister Choi Sang-mok and attended by other economy-related ministers, [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea will make sure it has plans in place to engage with the incoming U.S. administration under President-elect Donald Trump, should stalled nuclear talks with North Korea resume, Seoul’s top diplomat said Wednesday. Foreign Minister Cho Tae-yul made the remarks in a press conference with foreign correspondents in [...]
SEOUL, Dec. 18 (Korea Bizwire) — The Constitutional Court said Wednesday it has ordered President Yoon Suk Yeol to submit the martial law decree he issued on Dec. 3 as well as the minutes of two Cabinet meetings held before and after martial law was declared. Lee Jin, a court spokesperson, told reporters the order [...]
SEOUL, Dec. 18 (Korea Bizwire) – Nexon and Ironmace, embroiled in a three-year legal battle over the copyright of Dark and Darker, faced off during the first witness hearings at the Seoul Central District Court on December 17. The proceedings centered on the development history of Nexon’s shelved Project P3 and its alleged similarities to [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s Fair Trade Commission (FTC) has announced a comprehensive update to its advertising and labeling regulations, incorporating 32 new provisions from 29 recently enacted or amended laws. The updated guidelines include several consumer-focused requirements, such as mandatory disclosure of probability rates for in-game items, new regulations for patent attorney [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s antitrust watchdog has identified multiple structural factors that could restrict fair competition and harm consumer interests in the country’s generative artificial intelligence market, according to a policy report released on December 17. The Korea Fair Trade Commission (KFTC) announced plans to closely monitor the market and begin reviewing [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea faces tough challenges in advancing its alliance with the United States amid a political crisis from President Yoon Suk Yeol’s martial law decree earlier this month, with less than a month to go before U.S. President-elect Donald Trump’s second term begins. Following last week’s parliamentary vote to [...]