SEOUL, April 21 (Korea Bizwire) — South Korea will launch a pilot project this week to automatically detect and report potential electric vehicle (EV) battery fires to emergency services, aiming to accelerate response times and minimize damage from fire incidents. The Ministry of Land, Infrastructure and Transport announced Sunday that the initiative, developed in collaboration with [...]
SEOUL, April 20 (Korea Bizwire) — The Seoul Metropolitan Government is moving forward with plans to construct a floating office complex on the Hangang River, a bold project intended to blend innovation, urban aesthetics, and waterfront development. According to city officials on Sunday, the proposal will undergo a formal investment review in the second half [...]
SEOUL, April 18, (Korea Bizwire) — The number of South Korea’s “Good Price Stores” — eateries and shops offering quality services at lower-than-average prices — has surpassed 10,000 for the first time, the Ministry of the Interior and Safety announced Thursday. To mark the milestone, the ministry held a commemorative plaque ceremony at the 10,000th [...]
SEOUL, April 17 (Korea Bizwire) — The government on Thursday announced its decision to return the nation’s medical school enrollment quota for 2026 to the former level of 3,058 from two years ago, in a bid to resolve a 14-month standoff with trainee doctors and medical students. Since February last year, thousands of trainee doctors [...]
SEOUL, April 17 (Korea Bizwire) — In a move to strengthen protections for crime victims, South Korea’s Supreme Prosecutors’ Office and the Ministry of Employment and Labor have jointly revised internal guidelines to make it easier for affected workers to receive unemployment benefits. Announced on April 16, the new policy allows individuals who leave their jobs [...]
SEOUL, April 16, (Korea Bizwire) — A recent investigation by the Korea Consumer Agency (KCA) has uncovered widespread mislabeling and deceptive advertising practices in pet supplements sold both online and offline, raising concerns over product safety and consumer misinformation. The agency announced on Tuesday that out of 20 pet nutritional products it tested, a significant [...]
SEOUL, April 15 (Korea Bizwire) — The head of South Korea’s financial watchdog has vowed to push ahead with a series of steps to boost fairness and transparency in the capital markets, as well as shareholder value, the Financial Supervisory Service (FSS) said Tuesday. In a meeting with dozens of bankers and financiers in Hong [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s antitrust regulator has penalized a domestic game developer for deceiving players about the odds of winning in-game items, marking a rare move to regulate deceptive practices in the booming online gaming sector. The Korea Fair Trade Commission (KFTC) announced on Monday that it has imposed a corrective [...]
SEOUL, April 15, (Korea Bizwire) — In an effort to protect consumers from online shopping mishaps, the Seoul Metropolitan Government has introduced a new self-assessment service designed to help residents identify and prevent potential e-commerce risks before making purchases. The interactive service, launched through the city’s E-Commerce Center, draws on an extensive database of 7,000 [...]
JEJU, April 15 (Korea Bizwire) — The South Korean government has designated two new marine protected areas off the coast of Jeju Island, including the habitat of the endangered Indo-Pacific bottlenose dolphin, in a major step toward conserving the region’s fragile marine ecosystems. The Ministry of Oceans and Fisheries officially declared on April 11 that the [...]