SEOUL, June 11 (Korea Bizwire) — President Lee Jae-myung on Wednesday unveiled a sweeping vision to revitalize South Korea’s capital markets by promoting dividend-friendly policies, cracking down on unfair trading practices, and positioning equities as a viable alternative to real estate for household investment. Speaking at a roundtable held at the Korea Exchange’s Market Surveillance Committee [...]
SEOUL, June 11 (Korea Bizwire) – South Korea’s major food delivery platforms are under renewed pressure as the Lee Jae-myung administration accelerates discussions on implementing a cap on delivery-related fees — a key campaign pledge aimed at promoting fairer economic practices. At the center of the debate is a proposal from Baemin (operated by Woowa [...]
SEOUL, June 11 (Korea Bizwire) — South Korea’s antitrust watchdog said Wednesday it has fined Temu for misleading South Korean consumers through deceptive promotional campaigns, marking the first regulatory sanction imposed on the Chinese e-commerce platform by the agency. The Fair Trade Commission (FTC) said it has imposed a fine of 357 million won (US$260,000) [...]
SEOUL, June 11 (Korea Bizwire) —As South Korea’s ruling Democratic Party accelerates efforts to legalize and regulate won-based stablecoins, industry insiders warn that a hasty rollout could expose the financial system to disorder and weaken the country’s global competitiveness. In a move reflecting growing pressure from lawmakers, a consortium of major South Korean banks — including [...]
SEOUL, June 10 (Korea Bizwire) — A lawmaker of the ruling Democratic Party (DP) on Tuesday introduced a bill allowing companies to issue stablecoins pegged to the South Korean currency, in what would be another boost for the cryptocurrency market. Rep. Min Byung-dug of the DP said the bill also seeks to establish a digital [...]
SEOUL, June 10 (Korea Bizwire) — As South Korea’s new administration moves to position the country as a global hub for digital assets, a majority of Koreans say they plan to increase their investment in cryptocurrencies and related financial products, according to a nationwide survey released Monday. The Korea Chamber of Commerce and Industry (KCCI) [...]
SEOUL, June 10 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has conditionally approved the merger of streaming platforms, Tving and Wavve, requiring the two local companies to maintain their current subscription prices until the end of next year. The Fair Trade Commission (FTC) said the two homegrown over-the-top (OTT) service providers must [...]
SEOUL, June 10 (Korea Bizwire) — South Korea will require manufacturers and importers of plastic toys to recover and recycle a portion of their products starting in 2026, under a revised regulation aimed at curbing plastic waste. The Ministry of Environment announced Monday that it will begin a 40-day legislative notice period on an amendment [...]
SEOUL, June 6 (Korea Bizwire) — South Korean brokerage stocks are soaring on renewed optimism over the new administration’s stock market revitalization agenda, fueling a dramatic uptick in leveraged retail investing. But analysts warn that selective, fundamentals-based investment is now essential as market differentiation is expected to intensify. According to data compiled by Yonhap Infomax, credit-based [...]
SEOUL, June 6 (Korea Bizwire) — In a bid to strengthen its defenses against rising cyber threats, the Seoul Metropolitan Government has announced its first-ever ordinance dedicated to cybersecurity, marking a significant step beyond previous administrative regulations. On Thursday, the city officially unveiled a draft of the Seoul Cybersecurity Ordinance, elevating its current cybersecurity protocols [...]