SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s Game Rating and Administration Committee (GRAC) is gearing up for the implementation of mandatory loot box probability disclosure requirements set to begin this March. However, concerns have been raised about the committee’s capacity to conduct thorough investigations due to its plan to fill the 24-member monitoring team with [...]
SEOUL, Jan. 10 (Korea Bizwire) – Three people received rewards totaling over 100 million won (US$75,800) for providing information leading to the conviction or arrest of individuals involved in illegal drug crimes, officials said Wednesday. The Anti-Corruption and Civil Rights Commission said it marks the first time that cash rewards have been given to individuals [...]
SEOUL, Jan. 10 (Korea Bizwire) – In a significant step towards combating high-risk crimes like stalking and domestic violence, South Korea’s National Police Agency has reported five instances where private security intervention prevented further harm to victims. This success comes from a pilot program run from June to December last year in regions including Seoul, Incheon, [...]
SEJONG, Jan. 10 (Korea Bizwire) – In response to the decreasing student population in South Korea, local education offices are set to actively recruit international students. The Ministry of Education announced on January 9 that nine education offices, including Gwangju, North Gyeongsang Province, Daegu, Busan, Seoul, Incheon, South Jeolla Province, South Chungcheong Province, and North Chungcheong [...]
GIMHAE, Jan. 10 (Korea Bizwire) – The city of Gimhae in South Gyeongsang Province has announced the launch of its newly revamped multilingual website, starting this month, to better serve the city’s large foreign population. Gimhae, home to over 20,000 foreign residents including foreign workers and multicultural families, ranks as the city with the highest foreign [...]
SEOUL, Jan. 10 (Korea Bizwire) – The South Korean Ministry of Food and Drug Safety (MFDS) has announced that clinical trials for low-risk medical devices, including medical artificial intelligence (AI), can now be conducted without the need for clinical plan approval from the MFDS. This change will also allow trials to be conducted outside of designated [...]
SEOUL, Jan. 9 (Korea Bizwire) – The National Assembly was set to pass a special bill banning dog meat consumption Tuesday, paving the way for a legal ban on the practice that has fallen out of favor in recent decades. The ruling People Power Party (PPP) and the main opposition Democratic Party (DP) have jointly [...]
SEOUL, Jan. 9 (Korea Bizwire) — President Yoon Suk Yeol called Tuesday for prioritizing the improvement of people’s livelihoods in the new year, listing increased support for vulnerable groups and new transportation systems as some of the government’s latest projects. Yoon issued the call during a Cabinet meeting at the presidential office as he noted [...]
SEOUL, Jan. 8 (Korea Bizwire) – Beginning this year, South Korea is embarking on a comprehensive update to its automobile regulations, targeting both safety and environmental concerns. The Korea Automobile and Mobility Association (KAMA) unveiled these new guidelines on January 7, marking a significant shift in the nation’s approach to automotive regulation. In an effort [...]
SEOUL, Jan. 7 (Korea Bizwire) – The financial regulator said Sunday that it will launch an investigation into sales of derivative products that track Chinese stocks listed on the Hong Kong exchange, amid concerns that such products would put investors at risk of posting heavy losses. The inspection into 12 local banks and brokerages will [...]