SEOUL, Nov. 12 (Korea Bizwire) — The South Korean version of U.S. lemon laws is set to go into effect next year as the government moves to strengthen consumers’ rights, the transport ministry said Monday. Under the lemon laws in the United States, those who purchase cars and other consumer goods that repeatedly fail to [...]
SEOUL, Nov. 9 (Korea Bizwire) — President Moon Jae-in sacked the finance minister and his chief policy adviser Friday after the two top economic policymakers openly displayed a serious rift over how to handle the slumping economy. Moon named Hong Nam-ki, an economic technocrat who is currently serving as chief of the Office for Government [...]
SEOUL, Nov. 9 (Korea Bizwire) — President Moon Jae-in plans to replace his finance minister as early as this week, an official familiar with the issue said Thursday. The announcement on replacing Finance Minister Kim Dong-yeon could be made before Moon leaves for Singapore on Nov. 13 for annual summits with Southeast Asian and other [...]
SEOUL, Nov. 8 (Korea Bizwire) – The government will revise laws and regulations in a way that facilitates the use of self-driving cars, such as changing the definition of drivers, officials said Thursday. The move is part of efforts to preemptively remove regulations that could impede the development and commercialization of self-driving cars, considered one [...]
SEOUL, Nov. 8 (Korea Bizwire) — The government said Thursday it will scrap all benefits given to low-emission diesel vehicles in an effort to eventually take diesel cars off the roads to help curb fine dust. The decision to abolish the government’s “clean diesel policy” was part of a set of measures that the environment [...]
SEOUL, Nov. 7 (Korea Bizwire) — The South Korean government is striving to come up with alternative profit-sharing schemes between large corporations and small-and-medium-sized companies with the intention of promoting a more horizontal relationship between them. The government is also looking to implement a coexistence model where both large corporations and SMCs can achieve a win-win [...]
SEOUL, Nov. 7 (Korea Bizwire) — Seoul will begin restricting the entry of old diesel cars into the city on days with severe fine dust, starting Wednesday. Seoul announced the emergency measure to cut down fine dust emissions on Tuesday, the sixth time this year. The measure will enter effect when ultrafine dust concentrations reach [...]
SUWON, Nov. 7 (Korea Bizwire) — The Gyeonggi Provincial Council’s Urban Environment Committee passed a bill on the revised ordinance on managing and supporting apartment complexes in Gyeonggi Province. The bill involves subsidizing a certain portion of the costs being paid to mobile carriers when using smartphones to electronically vote to determine or change the [...]
SEOUL, Nov. 5 (Korea Bizwire) — Pharmaceutical companies are facing controversy as they were found to be avoiding manufacturing certain medicines for which authorities issued sales permits upon condition that they would be used for clinical trials on patients, if market reaction was ‘not good enough’. Rep. Jang Jeong-sook of the ruling Democratic Party, a [...]
WONJU, Nov. 2 (Korea Bizwire) — The Korea Expressway Corp.’s Gangwon Regional Headquarters has been receiving praise for actively trying to create social value by repurposing unused land near highways in the province. In addition to the communal farmland that was created in Donghae for those in need earlier in the year, construction of a [...]