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South Korea Launches AI-Powered Criminal Justice System to Streamline Investigations

South Korea Launches AI-Powered Criminal Justice System to Streamline Investigations

SEOUL, Sept. 20 (Korea Bizwire) – South Korea has taken a significant leap forward in modernizing its criminal justice process with the launch of an artificial intelligence-based information system. The next-generation Korean Information System of Criminal Justice Services (KICS) went live on September 19, promising to support more efficient investigations and improve transparency for individuals involved [...]

KRX Probing 2 Foreign Brokerages for Improperly Affecting Stock Prices

KRX Probing 2 Foreign Brokerages for Improperly Affecting Stock Prices

SEOUL, Nov. 23 (Korea Bizwire) — South Korea’s bourse operator has launched a probe into two foreign brokerages on suspicions that they might have improperly affected stock prices through massive trading ahead of a global index rebalancing last year, market sources said Wednesday. The Korea Exchange (KRX) is looking into whether those firms — Morgan [...]

Regulator Launches Investigation into Coupang’s Alleged Unfair Practices

Regulator Launches Investigation into Coupang’s Alleged Unfair Practices

SEOUL, July 6 (Korea Bizwire) — After stoking a series of controversies, including a fire at a logistics center and a poor working conditions, e-commerce giant Coupang Inc. is now facing a government investigation into alleged unfair practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law [...]

Police to Develop AI Technology for Investigative Support

Police to Develop AI Technology for Investigative Support

SEOUL, June 8 (Korea Bizwire) — The National Police Agency is developing artificial intelligence (AI) technology that automatically sends information helpful for investigation to field investigators. Jang Kwang-ho, head of the smart police intelligence center at the Police Science Institute, introduced the project at a meeting held at the National Police Agency headquarters. Investigators at [...]

Airman Under Probe for Allegedly Taking College Entrance Exam on Behalf of Superior

Airman Under Probe for Allegedly Taking College Entrance Exam on Behalf of Superior

SEOUL, April 9 (Korea Bizwire) — An airman is under investigation over allegations he took the annual state-administered college entrance exam on behalf of one of his superiors, military officials said Thursday. The service member, whose identity has been withheld, is suspected of taking the annual College Scholastic Aptitude Test in November on behalf of [...]

The Korean Sherlock Holmes: Police Step Forward to Legalize Private Investigators

The Korean Sherlock Holmes: Police Step Forward to Legalize Private Investigators

SEOUL, June 20 (Korea Bizwire) – Current and former police officers are teaming up to form an organization, called the Korea Institute for Licensed Private Investigators, the first step forward in legitimizing private investigators, with the ultimate goal of having the national assembly pass legislation to legalize the profession. It’s also the first time that [...]