SEOUL, Feb. 1 (Korea Bizwire) – The Personal Information Protection Commission announced a new policy on January 31 aimed at strengthening the protection level for personal information used in customized advertising, while also clarifying the responsibilities of advertisers. Customized advertising, which tailors ads based on users’ online behavior, offers the advantage of showing ads relevant to [...]
SEOUL, Feb. 1 (Korea Bizwire) – The Ministry of Employment and Labor has announced the “3rd Basic Plan for Promoting Skilled Technologies” (2023-2027), which includes recognizing experts in emerging technologies such as cloud computing with the Korean Master Hand designation. New fields like cloud computing will be added to the list of eligible occupations for the [...]
SEOUL, Feb. 1 (Korea Bizwire) — Boats will run in the Han River like buses starting in October on a seven-stop route between the northwestern district of Magok and the southeastern district of Jamsil, the Seoul city government said Thursday. The Hangang River Bus service will reduce the travel time between Jamsil and the financial [...]
SEOUL, Feb. 1 (Korea Bizwire) – The South Korean Game Users Association has expressed strong support for a new policy announced by the government during a recent public forum aimed at protecting the rights of game users. In a statement released on January 31, the association highlighted the policy as an indication of a societal shift [...]
SEOUL, Jan. 31 (Korea Bizwire) – The National Assembly launched a committee Wednesday to gather public opinions on national pension reform in an effort to draw a bipartisan agreement on enhancing the financial stability of the system amid population aging. Revamping the national pension system is one of President Yoon Suk Yeol’s key agenda items [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korea’s financial regulator said Wednesday it will make it easier for regional lenders to become nationwide commercial banks, in a move aimed at promoting competition in the banking sector. “The government announced on July 5, 2023, that it will seek to promote the transition of local banks to [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korea called for the United States on Wednesday to come up with “reasonable” regulations on limiting the sourcing of critical minerals and components from countries like China to qualify for U.S. incentives for electric vehicles (EVs), the foreign ministry said. Second Vice Foreign Minister Kang In-sun delivered the [...]
JEONJU, Jan. 31 (Korea Bizwire) – With the new school year approaching, the Ministry of Education’s plan to introduce a dedicated investigator system for school violence across the nation starting in March is drawing criticism. Critics argue that the investigators, who will be deployed at schools, may lack the emotional connection with students and the expertise [...]
WASHINGTON, Jan. 29 (Korea Bizwire) — North Korea’s bellicose rhetoric, persistent weapons tests and pursuit of sturdier military ties with Russia are raising questions over whether it is time for the United States to recalibrate its policy and take a more creative approach. After taking office in early 2021, the Joe Biden administration unveiled a [...]
SEOUL, Jan. 30 (Korea Bizwire) — The South Korean government has disapproved an offshore wind project pushed by a sub-subsidiary of global investment firm BlackRock Inc., citing a lack of data to prove its financial ability and power system issues in the region, officials said Tuesday. Kredo Holdings Ltd. is working to build five wind [...]