SEOUL, Dec. 12 (Korea Bizwire) — A large majority of South Koreans believe that maintaining peaceful coexistence with North Korea is more important than achieving reunification, according to a government survey released Thursday. The Unification Ministry’s poll found that 79.4 percent of respondents agreed that “peaceful coexistence without war is more important than reunification,” reflecting [...]
SEOUL, Dec. 12 (Korea Bizwire) — As demographic decline accelerates across South Korea, a new national survey suggests that a lack of appealing jobs is the single most important reason people are leaving regional areas — and choosing not to raise children there. The Korea Institute for Health and Social Affairs (KIHASA) released the findings Thursday [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea will introduce new regulations to curb the rapid spread of artificial intelligence–generated false and exaggerated advertising, including a mandatory labeling system for AI-produced content and punitive damages for malicious misinformation, government officials said Wednesday. The package was approved at a national policy coordination meeting chaired by Prime Minister [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea’s Presidential Committee on the Fourth Industrial Revolution (National AI Strategy Committee) has wrapped up a series of structured deliberation sessions designed to assess how artificial intelligence will reshape professional roles and employment, the committee said Tuesday. The talks, held between late October and early December, brought together practitioners [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea plans to gradually open access to its national integrated bio big data system beginning in the second half of next year, as part of a broader push to accelerate the use of medical and public health data across research and clinical fields, the government said Wednesday. The Ministry [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea’s privacy watchdog has launched a digital forensics center to professionally collect, analyze and manage electronic evidence from personal data breaches, amid a rapid increase in hacking-related incidents across the country. The Personal Information Protection Commission (PIPC) held an opening ceremony for the Digital Forensic Center at the [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea will require telecommunications companies to shift fully to standalone 5G networks as a condition for renewing their 3G and LTE spectrum licenses, the government said Wednesday, marking a major policy push to modernize national mobile infrastructure for the artificial intelligence era. The Ministry of Science and ICT said [...]
SEOUL, Dec. 10 (Korea Bizwire) — The industry ministry on Wednesday asked major oil companies to refrain from engaging in drastic price hikes amid recent volatility in global energy prices, officials said. The request was made during a meeting with four major domestic oil refineries, including SK Energy Co. and GS Caltex Corp., and related [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea’s privacy regulator on Wednesday ordered Coupang Inc. to revise its liability exemption clause for data breaches and simplify its membership cancellation process. The Personal Information Protection Commission (PIPC) issued the instruction after reviewing the company’s terms of service, membership policy and follow-up measures in the wake of [...]
SEOUL, Dec. 10 (Korea Bizwire) — Household borrowing from South Korean banks grew at a slower pace in November as tighter mortgage regulations began to cool the heated property market in the Seoul metropolitan area, according to new data released Wednesday by the Bank of Korea. Outstanding household loans came to 1,175.6 trillion won ($799.6 billion) [...]