SEOUL, Dec. 16 (Korea Bizwire) — The nominee for the Korea Media Communications Commission (KMCC) said Tuesday he would consider introducing a ban on teenagers’ use of social media platforms to protect underage users from harmful content online. Kim Jong-cheol, a professor at Yonsei Law School who was nominated last month by President Lee Jae [...]
SEOUL, Dec. 16 (Korea Bizwire) — The government aims to distribute 3.5 million eco-friendly heating, ventilation and air conditioning (HVAC) systems in the country by 2035 as part of efforts to tackle climate change, officials said Tuesday. With the distribution of the systems, also known as heat pumps, the government expects to cut greenhouse gas [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea said Tuesday it will invest at least 4.5 trillion won (US$3.06 billion) to secure overseas logistics hubs as part of an effort to shore up exporters’ supply chains and reduce reliance on foreign-owned facilities. The Ministry of Oceans and Fisheries laid out the plan during a ministerial [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea and the United Kingdom signed an upgraded free trade agreement aimed at easing rules of origin for Korean exporters and expanding access to Britain’s high-speed rail and digital services markets, Seoul’s trade ministry said Tuesday. The deal, signed in London by Korean Trade Minister Yeo Han-koo and [...]
SEOUL, Dec. 16 (Korea Bizwire) — A surge of South Koreans are scrambling to determine whether their personal information is circulating on the dark web following Coupang’s massive data leak, newly released government data shows. According to figures submitted by the Korea Internet & Security Agency (KISA) to Rep. Lee Jeong-heon of the Democratic Party, users [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s Ministry of Justice said Monday it has introduced an artificial intelligence–based behavior analysis system at the National Forensic Psychiatric Hospital to better identify early signs of violent or self-harming behavior among patients undergoing compulsory treatment. The system monitors individuals with severe mental illness in real time, detecting [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korean lawmakers on Monday advanced a bill that would sharply increase financial penalties for companies responsible for major personal data breaches, amid rising public anger over a series of high-profile leaks. The bill, approved by the National Assembly’s Political Affairs Committee subpanel, would raise the maximum fine for [...]
SEJONG, Dec. 15 (Korea Bizwire) — South Korea’s Education Ministry said Monday it has begun a thorough review of how this year’s English section of the College Scholastic Ability Test (CSAT) was designed and vetted, after the unusually high level of difficulty triggered a national backlash and drew international media attention. The ministry acknowledged that the [...]
SEOUL, Dec. 15 (Korea Bizwire) — The government said Monday that sales of state-owned assets worth 30 billion won (US$20.3 million) will require mandatory prior reporting to the relevant standing committee of the National Assembly, amid concerns that public assets are being sold at undervalued prices. Under the measures announced by the Ministry of Economy [...]
SEOUL, Dec. 15 (Korea Bizwire) — The head of South Korea’s antitrust watchdog on Monday pledged to ensure that foreign companies do not face unequal treatment in the country, reaffirming the agency’s principle of non-discrimination. Ju Biung-ghi, chairman of the Fair Trade Commission (FTC), made such a remark during a meeting with the American Chamber [...]