SEOUL, Sept. 2 (Korea Bizwire) — The head of the U.S. Securities and Exchange Commission (SEC) met with the deputy chief of South Korea’s financial regulator Monday for talks on various issues, including regulations on virtual assets, officials said. SEC Commissioner Mark Uyeda and Kim So-young, vice chair of the Financial Services Commission (FSC), met [...]
SEOUL, Jul. 22 (Korea Bizwire) – As new technologies emerge that can predict menstrual cycles and detect sleep apnea by collecting biometric data during sleep, including heart rate, blood sugar levels, and stress indicators, the South Korean government has initiated efforts to draft legislation to address these developments. The Personal Information Protection Commission (PIPC) aims to [...]
SEOUL, May 4 (Korea Bizwire) — A new regulatory change is expected to make it possible to operate a single-person publishing company, even at cafes or warehouses, without the need to have a separate independent space. The Office of the SME Ombudsman, which represents small and medium-sized enterprises, said Wednesday that the culture ministry would [...]
SEOUL, Feb. 2 (Korea Bizwire) — Travelers to South Korea will now be able to purchase products at urban duty-free shops using a smartphone authentication service, without having to show their actual passports, the customs agency said Wednesday. The Korea Customs Service announced that the revised notice on the operation of bonded outlets was put [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s financial regulator said Tuesday it plans to abolish the existing mandatory registration policy for foreigners investing in local stocks within this year, in line with efforts to meet global standards. The move came as foreigners are currently required to file personal information with local financial authorities before [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea will push to change regulations in a way that would allow investors to know how much they would receive in dividends before buying stocks in a bid to attract more foreign investment in the local equity market, a senior official of the country’s top financial regulator said [...]
SEOUL, Nov. 21 (Korea Bizwire) — From now on, setting up kiosks requires installing braille blocks and offering voice guides. The Ministry of Health and Welfare announced that is has released an advance notice of the legislative plan to amend legislation related to discrimination against disabled people. The enforcement decree stipulates that appropriate facilities should [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea plans to overhaul a set of business regulations as part of efforts to bolster investment, the finance ministry said Monday, amid growing fears over an economic slump. The decision was made during a meeting of economy-related ministries presided over by Finance Minister Choo Kyung-ho, according to the [...]
SEOUL, June 15 (Korea Bizwire) — The government has cleared the way for the launch of taxi sharing services although the service will be available only to passengers who are of the same gender. The Ministry of Land, Infrastructure and Transport announced that the new enforcement ordinance of the taxi industry development law will take [...]
SEOUL, June 13 (Korea Bizwire) — The ruling People Power Party (PPP) is considering enacting a law on blockchain-based platforms to better regulate cryptocurrencies and protect investors, the party’s chief policymaker said Monday. “We are thinking of making a law on blockchain-based platforms,” Rep. Sung Il-jong of the PPP said during a party-government consultative meeting [...]