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Committee Proposes Measures to Cut Fine Dust by 20 pct

Committee Proposes Measures to Cut Fine Dust by 20 pct

SEOUL, Sept. 30 (Korea Bizwire) — A presidential committee on Monday suggested measures to reduce South Korea’s fine dust by up to 20 percent later this year amid growing concerns over an environmental issue that has social and diplomatic ramifications. The measures, encompassing seven areas such as industry, health and international cooperation, are expected to [...]

Easing Regulations for App-based Hailing Services Eyed in Return for Contribution

Easing Regulations for App-based Hailing Services Eyed in Return for Contribution

SEOUL, Jul. 17 (Korea Bizwire) — In what could signal an end to a monthslong tussle between conventional taxi service providers and new mobility platform operators, the government on Wednesday proposed easing regulations for new ride services, while outlining measures to support the taxi service industry. The taxi industry has been at odds with ride-sharing [...]

Gov’t Pledges All-out Efforts to Contain Spread of FMD

Gov’t Pledges All-out Efforts to Contain Spread of FMD

SEOUL, Feb. 1 (Korea Bizwire) — The government apologized Friday for the recent outbreak of the foot-and-mouth disease (FMD) in the country and vowed to make all-out efforts to tackle the spread of the highly contagious virus. “We have promptly taken countermeasures including immediate culling and issuing travel regulations as soon as we received reports [...]

Gov’t to Mandate Installing Bypass Networks at All Telecommunication Facilities

Gov’t to Mandate Installing Bypass Networks at All Telecommunication Facilities

SEOUL, Dec. 27 (Korea Bizwire) — The government is pushing to require all communication facilities to install bypass networks in case of serious disruptions to its operations following a transceiver station fire at the nation’s second-largest mobile carrier KT Corp., officials said Thursday. A set of countermeasures to strengthen communication facility management was drafted by [...]

Seoul to Ease Regulations on Overseas Remittance, Allow Arrival Duty-free Shops

Seoul to Ease Regulations on Overseas Remittance, Allow Arrival Duty-free Shops

SEJONG/SEOUL, Sept. 27 (Korea Bizwire) — South Korea plans to soften regulations on overseas remittance and allow mega-sized investment banking (IB) firms to issue foreign currency-denominated promissory notes, as part of its effort to push for deregulations, the country’s finance ministry said Thursday. The government also plans to allow duty-free shops at arrival terminals in [...]