SEOUL, Sept. 16 (Korea Bizwire) — South Korea is preparing a sweeping overhaul of regulations governing artificial intelligence, autonomous driving and robotics, as the government seeks to position the country among the global leaders in next-generation industries. At the first Strategic Meeting on Regulatory Reform for Key Sectors, held Monday at the Korea Institute of [...]
SEOUL, Sept. 15 (Korea Bizwire) — Companies that suffer from at least three industrial accident deaths a year will be fined up to 5 percent of their operating profit, the labor ministry said Monday. Under the new industrial safety measures, the government will revise a law that would revoke the licenses of companies that continually [...]
SEOUL, Sept. 15 (Korea Bizwire) — President Lee Jae Myung on Monday urged a broad rollback of outdated regulations and punitive measures that, he argued, have long stifled corporate initiative and deterred investment. Speaking at a meeting on regulatory reform at the Korea Institute of Science and Technology in Seoul, Lee said the country must [...]
SEOUL, Sept. 15 (Korea Bizwire) — When more than 300 South Korean workers were swept up in a U.S. immigration raid at a Georgia battery plant earlier this month, the images and testimonies that followed shocked many in Seoul: men shackled at the waist, ankles and wrists, confined in overcrowded cells, sleeping on mold-covered mattresses in [...]
SEOUL, Sept. 15 (Korea Bizwire) — When South Korea announced its latest housing policy this month, officials were not only grappling with soaring property prices and supply shortages in the Seoul metropolitan area. They were also contending with a tiny, nocturnal amphibian with outsized influence: the Mongkoi. The Mongkoi (also known as narrow-mouth frog), listed [...]
GYEONGJU, South Korea, Sept. 15 (Korea Bizwire) — In just six weeks, the historic city of Gyeongju will be transformed into a fortress. When world leaders converge here for the Asia-Pacific Economic Cooperation (APEC) summit at the end of October, the streets around the conference halls and banquet sites will be sealed tight, the skies [...]
SUWON, Sept. 15 (Korea Bizwire) — More than six decades after they were arrested and branded as traitors, two former university students have won damages from the South Korean government for their wrongful detention during mass protests against the 1964 South Korea–Japan normalization talks. The Suwon District Court ruled Sunday that the state must compensate [...]
SEOUL, Sept. 15 (Korea Bizwire) — Naver’s livestreaming platform Chzzk has permanently suspended the channel of a 12-year-old elementary school “Vtuber,” citing a violation of its rule barring anyone under 14 from joining. The decision has reignited debate over child safety and regulation in the fast-growing world of virtual broadcasting. The girl, born in 2013, [...]
SEOUL, Sept. 15 (Korea Bizwire) — Hyundai Motor Group is grappling with twin challenges in the U.S. market: the imminent end of federal tax credits for electric vehicles and a delay in the completion of its joint battery plant with LG Energy Solution. The Biden administration’s Inflation Reduction Act incentives, which offered up to $7,500 in [...]
SEOUL, Sept. 13 (Korea Bizwire) — The sun had just dipped behind the skyline of Gwanghwamun when demonstrators began to gather, clutching banners, candles, and hastily printed placards. By nightfall, the streets outside the U.S. Embassy had become a stage for simmering outrage. Hundreds marched through central Seoul on Saturday evening, their chants ricocheting off the [...]