SEOUL, Sept.17 (Korea Bizwire) – The National Police Agency of South Korea has closed over 200 police substations (police box or police stand) since announcing a nationwide closure plan last October, according to recent data. The closures, which have disproportionately affected Seoul, reflect an apparent sensitivity to concerns about potential security gaps in certain areas. Representative [...]
SEOUL, Sept. 12 (Korea Bizwire) – A new enforcement decree will go into effect next week, permitting firms to collect personal information necessary for service provision without users’ consent, officials said Thursday. The Personal Information Protection Commission said a new enforcement decree on personal data protection will take effect starting Sunday. Currently, online businesses are [...]
SEOUL, Sept. 11 (Korea Bizwire) – The financial regulator said Wednesday it will work to strengthen punishment for illegal money lending businesses and nullify their very contracts that are deemed antisocial. The move follows a recent spike in the number of complaints against loan sharks, which jumped from 10,350 in 2022 to 12,884 last year, [...]
SEOUL, Sept. 11 (Korea Bizwire) – The Seoul Metropolitan Government announced on September 10 that it will extend its Neighborhood Pet Care Center service to single-person households, broadening support for pet owners who need to leave their animals for extended periods. This initiative, coming just before the Chuseok holiday, widens the eligibility criteria from the previous [...]
SEOUL, Sept. 10 (Korea Bizwire) – Parents who have at least 30 million won (US$22,336) in unpaid child support or default on such payments three times or more will be subject to penalties, such as overseas travel bans and driver’s license suspension, the gender ministry said Tuesday. Such punitive measures were made possible as the [...]
SEOUL, Sept. 10 (Korea Bizwire) – In a tech-savvy approach to curbing public smoking, Seoul’s Seocho District is launching an innovative QR code-based service on September 9 to help residents and visitors locate designated smoking and non-smoking areas. The service, which expands on a pilot program initiated last year, allows users to scan QR codes on [...]
SEOUL, Sept. 10 (Korea Bizwire) – President Yoon Suk Yeol said Tuesday the government will temporarily raise health insurance payments to hospitals for the upcoming Chuseok holiday to better reward their services and to prevent disruptions in emergency medical care. During a Cabinet meeting, Yoon addressed concerns over possible disruptions to the medical system during [...]
SEOUL, Sept. 9 (Korea Bizwire) – The financial regulator on Monday announced plans to revise related laws to require payment gateway (PG) service providers to maintain sufficient funds to settle all payments. The move follows massive payment delays by two e-commerce platforms — TMON and WeMakePrice — due to a liquidity crisis caused by their [...]
SEOUL, Sept. 9 (Korea Bizwire) — The transport ministry said Monday it plans to issue a legislative notice for new government regulations regarding electric vehicle (EV) safety announced last week in response to public concerns over EV fires. The ministry said the legislative notice for amendments to the enforcement regulations of the Automobile Management Act [...]
SEOUL, Sept. 9 (Korea Bizwire) – With the European Union preparing to enforce stricter eco-friendly labeling guidelines starting next September, a recent survey has revealed that South Korean companies are significantly underprepared for the global crackdown on “greenwashing.” Greenwashing, a portmanteau of “green” and “whitewashing,” refers to the deceptive practice of marketing products or corporate activities [...]