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Archive by category Policy and Regulation

S. Korea to tighten regulations on Telegram and other platforms to combat deepfake sex crimes.

S. Korea to tighten regulations on Telegram and other platforms to combat deepfake sex crimes.

SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push for upping regulations on domestic and foreign platform operators such as Telegram as part of its comprehensive plan aimed at eradicating deepfake-related sexual crimes. Under the plan, online messaging app Telegram will be required to have an agent representing the company in [...]

Government Opens Applications for New Global Startup Entrepreneur Visa

Government Opens Applications for New Global Startup Entrepreneur Visa

SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will begin accepting applications for a newly introduced special visa category for global startup entrepreneurs this week. According to the Ministry of SMEs and Startups and the Ministry of Justice, the government will begin accepting applications Thursday for the Startup Korea Special Visa, or [...]

Government Plans to Expand Undercover Operations Targeting Deepfake Sex Crimes

Government Plans to Expand Undercover Operations Targeting Deepfake Sex Crimes

SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push to expand the scope of undercover investigations into deepfake sex crimes to include cases where the victims are adults. The Office for Government Policy Coordination unveiled the measure as part of a package of steps drawn up together with relevant ministries to [...]

Seoul to Ban E-Scooters from High-Risk Streets in First-of-Kind Safety Measure

Seoul to Ban E-Scooters from High-Risk Streets in First-of-Kind Safety Measure

SEOUL, Nov. 6 (Korea Bizwire) – The Seoul Metropolitan Government announced on November 5 that it will become the first city in South Korea to designate “scooter-free zones” on streets with high accident risks, marking a significant shift in urban mobility management. The city will also begin immediate towing of illegally parked e-scooters, with municipal officials, [...]

Seoul’s Plant Companion Program Shows Promise in Helping Isolated Young Adults, Study Finds

Seoul’s Plant Companion Program Shows Promise in Helping Isolated Young Adults, Study Finds

SEOUL, Nov. 6 (Korea Bizwire) – A Seoul Metropolitan Government initiative providing companion plants to socially isolated young adults has led to decreased depression levels and improved self-efficacy among participants, according to city officials on November 5. The program, which marks a crucial first step in encouraging social participation among isolated youth, has shown tangible benefits [...]

Bank of Korea Warns of 21% GDP Drop by 2100 Without Climate Action

Bank of Korea Warns of 21% GDP Drop by 2100 Without Climate Action

SEOUL, Nov. 5 (Korea Bizwire) – South Korea’s economy could face severe long-term consequences if it fails to adequately address the climate crisis, with projections showing an annual growth rate decline of 0.3 percentage points and a 21% drop in GDP by 2100, according to a new report from the Bank of Korea. The central bank [...]

French Beef Returns to South Korean Market After 24-Year Ban

French Beef Returns to South Korean Market After 24-Year Ban

SEOUL, Nov. 5 (Korea Bizwire) – French beef is set to make its return to South Korean markets after a 24-year hiatus, marking a significant development in bilateral trade relations. The ban, implemented in 2000 due to concerns over Bovine Spongiform Encephalopathy (BSE), commonly known as mad cow disease, was recently lifted following extensive safety verifications.  [...]

Jeju Island Phases Out Palm Trees, Ending 40-Year Tropical Streetscape Era

Jeju Island Phases Out Palm Trees, Ending 40-Year Tropical Streetscape Era

JEJU, Nov. 5 (Korea Bizwire) – In a significant shift from its 1980s urban planning, Jeju Island is gradually removing its iconic palm trees from city streets, marking the end of an era in the island’s landscape design. The Jeju City government announced on November 4 that it plans to replace approximately 100 Washington palm trees [...]

Meta Fined for Illegally Collecting Sensitive Data of 980,000 Users

Meta Fined for Illegally Collecting Sensitive Data of 980,000 Users

SEOUL, Nov. 5 (Korea Bizwire) — Meta Platforms Inc., the parent company of Facebook and Instagram, was ordered to pay 21.6 billion won (US$15.6 million) in fines for collecting sensitive data from users without notice and handing it over to advertisers, South Korea’s data protection watchdog said Tuesday. The Personal Information Protection Commission said it [...]

Seoul Acts to Combat Loan Sharks After Sex Worker’s Tragic Death

Seoul Acts to Combat Loan Sharks After Sex Worker’s Tragic Death

SEOUL, Nov. 4 (Korea Bizwire) – In response to the recent suicide of a sex worker driven to despair by illegal loan sharks, Seoul Metropolitan Government has announced comprehensive measures to combat predatory lending practices, particularly those targeting vulnerable populations.  The city’s initiative, announced on November 3, comes after the tragic death of a single mother [...]