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 [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea is preparing to sharply loosen restrictions on who may enroll in clinical trials for new cancer drugs, a shift that could give patients earlier access to promising therapies and reshape long-standing practices in oncology care. For years, many cancer patients and their families have confronted a painful paradox: [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea will gain new regional air links to the United Arab Emirates under a fresh aviation agreement reached on the sidelines of an international transport conference, the government said Sunday, marking a significant expansion of routes between the two countries. At the International Civil Aviation Organization’s Air Services Negotiation [...]
SEOUL, Nov. 24 (Korea Bizwire) — The government said Monday it plans to launch an information and price comparison platform for agricultural products that is powered by artificial intelligence (AI) next year as part of its broader effort to adopt AI-based public services. At the inaugural meeting of a new government consultation group consisting of [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Koreans can now access detailed, government-verified statistics about specific diseases directly through Naver, the country’s dominant search engine, under a new public service launched Sunday. The National Health Insurance Service (NHIS) said it partnered with Naver to make health-care utilization data easily available to the public. When users search [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean authorities plan to expand a safety program for elderly drivers after new data showed more than 70 suspected pedal-misapplication incidents over a three-month period — all prevented by recently installed safety devices. According to the National Police Agency on Sunday, the Korea Transportation Safety Authority analyzed pedal-misoperation prevention [...]
SEOUL, Nov. 24 (Korea Bizwire) — Despite a global economic downturn and a 14 percent cut to next year’s official development assistance budget, South Korea has pledged US$100 million to the Global Fund to Fight AIDS, Tuberculosis and Malaria—matching its previous commitment and strengthening its standing in international health governance. The announcement was made Friday at [...]