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Archive by category Policy and Regulation

Jeju’s Reusable Container Program Surges Past 2,000 Orders, Expands Islandwide Push Against Plastic

JEJU, Oct. 1 (Korea Bizwire) — Jeju Province’s pilot program encouraging food delivery in reusable containers has surpassed 2,000 orders in less than two months, signaling strong public support for the island’s ambitious campaign to curb single-use plastics. Launched on Aug. 13 in Jeju City’s Yeon-dong and Nohyeong-dong districts, the “Yonggi-inneun Jumun” (“Courageous Order”) service allows [...]

Streaming and Subscription Services Lead in Online ‘Dark Pattern’ Violations

SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday that subscription-based platforms, including online video services, were the most common offenders in its latest crackdown on so-called “dark patterns,” deceptive online practices that make it difficult for consumers to cancel services or avoid hidden charges. The Korea Fair Trade Commission (KFTC) and [...]

Seoul and Washington Reaffirm Pledge Against Currency Manipulation

SEOUL, Oct. 1 (Korea Bizwire) – South Korea and the United States have reaffirmed a fundamental principle to avoid manipulating exchange rates and to monitor the “stability” of the foreign exchange (FX) market, Seoul’s finance ministry said Wednesday. The two countries have agreed to “avoid manipulating exchange rates or the international monetary system to prevent [...]

Jeju to Launch Pilot Program for Reusing EV Batteries as Seoul Weighs National Recycling Mandate

JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]

Gov’t Faces Backlash Over Double Standard in Disaster Preparedness

SEOUL, Sept. 28 (Korea Bizwire) — The South Korean government is drawing criticism for imposing strict disaster-response requirements on private companies while failing to safeguard its own systems, after a fire at a state-run data center crippled key administrative services. According to a science ministry report submitted to a ruling party lawmaker, the government plans [...]

South Korea Declares First-Ever Animal Welfare Charter, Joining Global Movement

BUSAN, Sept. 28 (Korea Bizwire) — South Korea has declared its first national charter on animal protection, a symbolic yet landmark step in recognizing animals as living beings rather than property. While the document carries no legal force, officials and advocates say it sets out core values to guide future policy and public awareness on animal [...]

Seoul Unveils Data-Driven Strategy to Address Middle-Aged Employment Gaps

SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s widening gap between retirement and pension eligibility is fueling structural imbalances in middle-aged employment, with Seoul turning to data-driven policymaking to address the challenge. According to a new survey of 10,000 job seekers and 450 companies released by the Seoul Metropolitan Government and the Seoul 50 Plus [...]

Seoul Stresses Currency Swap as “Necessary Condition,” but Not Enough in U.S. Trade Talks

SEOUL, Sept. 25 (Korea Bizwire) — A top South Korean presidential aide said Wednesday that a potential currency swap with the United States is an essential safeguard in ongoing trade talks, but not sufficient on its own to resolve the thorny negotiations. Kim Yong-beom, presidential chief of staff for policy, told reporters in New York [...]

Global Panel Urges Binding Rules to Keep Nuclear Decisions in Human Hands

SEOUL, Sept. 24 (Korea Bizwire) — A global commission on the military use of artificial intelligence (AI) has called for legally binding agreements to ensure decisions to use nuclear weapons remain under human control, not AI systems, as part of responsible military AI integration. The Responsible AI in the Military Domain (REAIM) Global Commission, a [...]

Regulators Uncover Billion-Won Stock Manipulation Ring Tied to Business and Finance Elites

SEOUL, Sept. 24 (Korea Bizwire) — South Korean regulators said Tuesday they had broken up a sophisticated stock manipulation scheme involving some of the country’s wealthiest business operators and financial insiders, in what is being billed as the first major case under President Lee Jae-myung’s new crackdown on market abuses. The Financial Services Commission, the [...]