SEOUL, Nov. 30 (Korea Bizwire) — South Korea is moving to tighten regulations on electric scooters as accidents involving personal mobility devices surge nationwide, raising concerns over public safety while prompting debate about the future of these increasingly common, eco-friendly vehicles. According to data released on Sunday by the Korea Road Traffic Authority, accidents involving personal [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea has created an interministerial task force to spearhead the development of an advanced aircraft engine for its next-generation fighter jets, an effort aimed at joining the small group of nations capable of producing such high-end defense technology, government officials said on Friday. The new body brings together [...]
SEOUL, Nov. 28 (Korea Bizwire) — A South Korean parliamentary committee on Friday, November 28, approved a landmark bill aimed at curbing the rampant black market for concert and sports tickets by empowering authorities to levy fines up to 50 times the ticket’s illegal resale price. The National Assembly’s Culture, Sports and Tourism Committee passed sweeping [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea has taken another step toward remaking itself as a global center of artificial intelligence. On Thursday, the government convened the first meeting of a new working group made up of officials and senior executives from Samsung Electronics, Hyundai Motor Group, SK Telecom and Naver Cloud. The mission: figure [...]
SEOUL, Nov. 27 (Korea Bizwire) — Google will roll out a lower-priced version of YouTube Premium in South Korea that excludes its music-streaming service, the country’s antitrust regulator said Thursday, following a months-long probe into whether the company’s subscription bundling violated fair-trade rules. The launch is part of a corrective plan Google submitted under a consent-decision [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s average household income rose for the ninth consecutive quarter in the third quarter of this year, partly driven by a sharp increase in transfer income, government data showed Thursday. The average monthly income of households came to 5.44 million won (US$3,699) in the July-September period, up 3.5 [...]
SEOUL, Nov. 26 (Korea Bizwire) — Finance Minister Koo Yun-cheol said Wednesday that South Korea stands ready to take “decisive action” to curb excessive volatility in the foreign-exchange market, as the won continues to face downward pressure against the U.S. dollar. “The won tends to react more sensitively than other currencies,” Koo told reporters, adding that [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea plans to create a national medical data-sharing platform modeled after the Mayo Clinic system in the United States, aiming to overcome long-standing privacy barriers that have slowed the use of artificial intelligence in health care. The Ministry of Science and ICT said Wednesday that it will launch a [...]
SEOUL, Nov. 25 (Korea Bizwire) — Seoul police announced on Tuesday that they will carry out an unannounced, citywide crackdown on traffic violations by motorbikes, bicycles and personal mobility devices such as electric scooters, amid rising safety concerns and a surge in related accidents. The Seoul Metropolitan Police Agency said it will deploy 354 officers from [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea is preparing to abolish a decades-old legal requirement obligating civil servants to obey orders from their superiors, a cornerstone of the country’s bureaucratic culture since 1949. The move marks one of the most significant shifts in public-sector governance in more than half a century. The Ministry of Personnel [...]