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Finance Minister Vows Efforts to Boost Foreign Investors’ Access to S. Korean Market

Finance Minister Vows Efforts to Boost Foreign Investors’ Access to S. Korean Market

SEOUL, Nov. 24 (Korea Bizwire) — Finance Minister Choo Kyung-ho has vowed to continue efforts to boost foreign investors’ access to the South Korean market and create favorable conditions for corporate investment, his office said Friday. Choo made the remarks during a market opening ceremony at the London Stock Exchange on Thursday (local time), as [...]

N. Korean Leader Lauds Military Spy Satellite as ‘Space Guard’

N. Korean Leader Lauds Military Spy Satellite as ‘Space Guard’

SEOUL, Nov. 24 (Korea Bizwire) — North Korean leader Kim Jong-un has lauded the country’s successful launch of a military spy satellite as an eye-opening event of deploying a “space guard” monitoring enemies’ military activities, state media reported Friday. Kim made the remark during his visit to the National Aerospace Technology Administration (NATA) on Thursday, [...]

Top Diplomats of S. Korea, China, Japan to Hold Talks in Busan This Weekend

Top Diplomats of S. Korea, China, Japan to Hold Talks in Busan This Weekend

SEOUL, Nov. 24 (Korea Bizwire) – The top diplomats of South Korea, China and Japan will hold trilateral talks in the southeastern port city of Busan this weekend, Seoul’s foreign ministry said Friday, amid fresh tensions after North Korea’s launch of a military spy satellite. Foreign Minister Park Jin will meet with Chinese Foreign Minister [...]

South Korea Grapples with Road Safety Dilemma as Elderly Driving Debate Intensifies Amidst Tragic Incidents

South Korea Grapples with Road Safety Dilemma as Elderly Driving Debate Intensifies Amidst Tragic Incidents

BOSEONG, Nov. 24 (Korea Bizwire) – In South Korea, the escalating debate over the driving privileges of elderly individuals is likely to intensify as the nation grapples with a rapidly aging society. A tragic incident earlier this month in South Jeolla Province, where a 16-year-old high school girl lost her life after being struck by a [...]

Chanel Korea Fined for Asking Waiting Customers to Provide Their Names and Contact Numbers

Chanel Korea Fined for Asking Waiting Customers to Provide Their Names and Contact Numbers

SEOUL, Nov. 24 (Korea Bizwire) – Chanel Korea has been fined for requesting names and contact numbers from waiting customers and their companions.  The Personal Information Protection Commission announced on Thursday that it had decided to impose a fine of 3.6 million won on Chanel Korea for violating the Personal Information Protection Act during its 19th [...]

New Legislation Allows Interviewees to Challenge AI Results and Improves Personal Information Protection

New Legislation Allows Interviewees to Challenge AI Results and Improves Personal Information Protection

SEOUL, Nov. 24 (Korea Bizwire) – Starting next year, candidates undergoing job interviews will have the option to contest or seek clarification if they perceive the outcome of an artificial intelligence (AI)-assisted interview process to be unreasonable.  The Personal Information Protection Commission (PIPC) declared on November 23 its intent to issue a legislative notice for amendments [...]

South Korean Government Drastically Slashes Funding for Public Hospitals Dedicated to Fighting COVID-19

South Korean Government Drastically Slashes Funding for Public Hospitals Dedicated to Fighting COVID-19

SEOUL, Nov. 24 (Korea Bizwire) – South Korean public hospitals specifically designated for handling infectious diseases during the COVID-19 pandemic continue to grapple with lingering effects. However, their financial woes are escalating as the government has drastically cut the financial support offered to these hospitals. On Thursday, the Korean Health and Medical Workers Union and the [...]