SEOUL, Nov. 24 (Korea Bizwire) – Chanel Korea has been fined for requesting names and contact numbers from waiting customers and their companions. The Personal Information Protection Commission announced on Thursday that it had decided to impose a fine of 3.6 million won on Chanel Korea for violating the Personal Information Protection Act during its 19th [...]
SEOUL, Nov. 24 (Korea Bizwire) – Starting next year, candidates undergoing job interviews will have the option to contest or seek clarification if they perceive the outcome of an artificial intelligence (AI)-assisted interview process to be unreasonable. The Personal Information Protection Commission (PIPC) declared on November 23 its intent to issue a legislative notice for amendments [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korean public hospitals specifically designated for handling infectious diseases during the COVID-19 pandemic continue to grapple with lingering effects. However, their financial woes are escalating as the government has drastically cut the financial support offered to these hospitals. On Thursday, the Korean Health and Medical Workers Union and the [...]
SEOUL, Nov. 23 (Korea Bizwire) — The chief of the Bank for International Settlements (BIS) said Thursday that governance and legal ambiguity should be solved on top of technical infrastructure advances for a step toward central bank digital currency projects. Many countries, including South Korea, have launched so-called central bank digital currency (CBDC) pilot programs [...]
SEOUL, Nov. 23 (Korea Bizwire) — Seoul Metro, the operator of Seoul subway lines No. 1-8, announced measures Thursday to ban all subway protests by a disabled advocacy group after they resumed their morning rush-hour protest this week. Seoul Metro said it came up with the three-step countermeasures against Solidarity Against Disability Discrimination (SADD) on [...]
SEOUL, Nov. 22 (Korea Bizwire) – The government rolled out a comprehensive set of measures on Wednesday to tackle illegal drug trafficking and usage, with a particular emphasis on enhancing border inspections. The latest measures involve cracking down on drug smuggling, overseeing medical-purpose drugs more effectively, and expanding rehabilitation programs, according to the Office for [...]
SEOUL, Nov. 21 (Korea Bizwire) — A tour program to the truce village of Panmunjom on the inter-Korean border will partially resume this week, the unification ministry said Tuesday. The move came a day after Unification Minister Kim Yung-ho met with Gen. Paul LaCamera, chief of the United Nations Command (UNC), to discuss how to [...]
SEOUL, Nov. 19 (Korea Bizwire) – A survey reveals that over half of the companies listed as intending to venture into new businesses such as secondary batteries and artificial intelligence (AI) had no track record of actually promoting such initiatives. The Financial Supervisory Service (FSS) released a report on Sunday titled ‘Follow-up on the Results [...]
SEOUL, Nov. 17 (Korea Bizwire) – The finance ministry said Friday that the government will look into cases of companies reducing the quantity of their products while freezing prices without consumers’ knowledge due to mounting public complaints against such practices amid high inflation. First Vice Finance Minister Kim Byoung-hwan announced the plan during a weekly [...]
SEOUL, Nov. 17 (Korea Bizwire) — The International Monetary Fund (IMF) recommended South Korea maintain a restrictive monetary policy to bring inflation under control, though the country is expected to reach its inflation target of 2 percent by the end of next year. The organization made the call in its report on the South Korean [...]