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Archive by category Policies and Regulation

South Korea to Enforce Content Quota on TV for the Disabled

South Korea to Enforce Content Quota on TV for the Disabled

SEOUL, Jun. 23 (Korea Bizwire) — South Korean lawmakers have proposed a bill to require TV networks to dedicate more airtime to programs representing disabled members of society. Criticism over the lack of representation of the disabled on South Korean TV has prompted a number of politicians including Kang Hyo-sang, a member of the Liberty [...]

Gov’t to Push to Expand Discount Rate of Mobile Fees

Gov’t to Push to Expand Discount Rate of Mobile Fees

SEOUL, Jun. 23 (Korea Bizwire) — President Moon Jae-in’s policy advisory committee announced Thursday that it will encourage local mobile operators to expand the discount rate of mobile phone fees and offer an additional benefit to low-income customers, as part of efforts to reduce the cost burden for mobile phone users. During the presidential campaign, [...]

Cheong Wa Dae to Remove Curfew on Late Night Traffic Around Presidential Office

Cheong Wa Dae to Remove Curfew on Late Night Traffic Around Presidential Office

SEOUL, Jun. 23 (Korea Bizwire) — Starting next week, anyone, including foreign tourists, will be able to drive or walk near South Korea’s presidential office Cheong Wa Dae at all hours, the office announced Thursday. Currently, the only road leading to Cheong Wa Dae is closed off to public access from 8 p.m. to 5:30 [...]

Seoul to Introduce Smart Sensors to Curb ‘Lonely Deaths’

Seoul to Introduce Smart Sensors to Curb ‘Lonely Deaths’

SEOUL, Jun. 22 (Korea Bizwire) — In response to a rash of deaths among individuals living alone, which in some cases go unreported for as long as weeks, the Seoul Metropolitan Government is adopting smart sensors in a bid to tackle the worrisome trend. The smart sensors, courtesy of major South Korean telecom provider KT, [...]

School Violence Cover-Up Scandal at Elite School Highlights Bigger Issues

School Violence Cover-Up Scandal at Elite School Highlights Bigger Issues

SEOUL, June 21 (Korea Bizwire) – A scandal surrounding the alleged special treatment of children of conglomerate CEOs and celebrities in a case of school violence has sparked a public outcry, with some going one step further and treating the controversy as a sign of social inequality in the country. According to the Seoul Metropolitan [...]

S. Korea to Abolish FTC’s Exclusive Rights to Prosecute Fair Trade Violations

S. Korea to Abolish FTC’s Exclusive Rights to Prosecute Fair Trade Violations

SEOUL, Jun. 21 (Korea Bizwire) — South Korea’s presidential policy advisory panel said Tuesday that within the next five years it will abolish the country’s antitrust watchdog’s exclusive rights to file a complaint with the state prosecution for any fair trade violations. “We will remove the Fair Trade Commission (FTC) of its exclusive authority to [...]

KFC Maintains Prices Despite Pressure

KFC Maintains Prices Despite Pressure

SEOUL, Jun. 20 (Korea Bizwire) — Despite many chicken franchises lowering prices amid pressure from the government, international fried chicken giant KFC is bucking the trend and has so far maintained the cost of its menu items. With the recent establishment the Fair Trade Commission headed by newly appointed former professor of trade Kim Sang-Jo, [...]

Pension Fund Subscribers to Decline from 2019 Due to Falling Population

Pension Fund Subscribers to Decline from 2019 Due to Falling Population

SEOUL, Jun. 15 (Korea Bizwire) — The number of national pension fund subscribers will begin falling in 2019 after peaking next year due to the declining economically active population, a report said Wednesday. The figure is expected to rise to 21.89 million this year and 21.93 million in 2018 from 21.83 million in 2016 before [...]