SEOUL, Jan. 23 (Korea Bizwire) — South Korea on Friday rejected claims by U.S.-based investors in Coupang that the government had targeted the e-commerce giant, calling their use of remarks by Prime Minister Kim Min-seok in a planned international arbitration case a “deliberate distortion.” The Office for Government Policy Coordination said an arbitration notice submitted [...]
SEOUL, Jan. 23 (Korea Bizwire) — Hyundai Motor Group’s ambitious plan to position humanoid robots as a pillar of its future growth is facing stiff internal resistance, as labor leaders move to block the introduction of robots on production lines without formal agreement. The conflict emerged this week after Hyundai’s powerful labor union warned that no [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s climate and environment authorities said Thursday they will begin formally managing insects that appear in large numbers in urban areas, responding to a rise in outbreaks linked to climate change. The Ministry of Climate, Energy and Environment announced that so-called “urban mass-occurrence insects,” including the red-backed lovebug, will [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea will allow middle and high school students to use credit cards issued in their own names under a family card system, part of a broader regulatory overhaul aimed at adapting the financial sector to a cashless economy. The Financial Services Commission and the Financial Supervisory Service said Thursday [...]
SEOUL, Jan. 22 (Korea Bizwire) — Two major U.S. investment firms backing Coupang have asked the United States government to investigate what they describe as discriminatory treatment by South Korean authorities, raising the prospect that a domestic regulatory dispute could escalate into a bilateral trade issue. Reuters reported Thursay that Green Oaks Capital and Altimeter Capital [...]
SEOUL, Jan. 22 (Korea Bizwire) — Seoul’s Gangnam District has begun installing newly designed “separated smoking booths” along major commercial corridors, part of a broader effort to reduce secondhand smoke and ease tensions between smokers and pedestrians. District officials said Thursday that the first booths have been placed near the DB Financial Center on Teheran-ro and [...]
SEOUL, Jan. 22 (Korea Bizwire) – South Korea on Thursday formally enacted a far-reaching law governing the use of artificial intelligence, positioning itself as the first country to introduce a comprehensive legal framework aimed at curbing misinformation, deepfakes and other emerging risks tied to the technology. The legislation, known as the AI Basic Act, establishes national [...]
SEOUL, Jan. 22 (Korea Bizwire) – The unification ministry said Thursday it will seek consultations with the U.N. Command (UNC) over its move to reopen three shuttered trail sections within the inter-Korean buffer zone of the Demilitarized Zone (DMZ). In 2019, South Korea launched 11 trail routes, known as the DMZ Peace Trail, along key [...]
SEOUL, Jan. 22 (Korea Bizwire) — President Lee Jae-myung on Wednesday pledged a sweeping crackdown on what he described as entrenched ties between religious groups and political power, calling such practices “a path toward national ruin” and signaling possible expansion of ongoing investigations. Speaking at a New Year press conference, Mr. Lee warned against the organized [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s artificial intelligence–based labor law consultation service recorded more than 117,000 inquiries last year, underscoring growing demand for round-the-clock guidance on wages, working hours and employment rights, the Labor Ministry said Wednesday. According to the Ministry of Employment and Labor, usage of the AI-powered service rose sharply in 2025, [...]