regulation Archives | Be Korea-savvy
S. Korea to Lift Mandatory Registration Policy for Foreign Investors in 2023

S. Korea to Lift Mandatory Registration Policy for Foreign Investors in 2023

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 [...]

S. Korea Seeks to Change Dividend-linked Rules to Attract More Foreign Investment to Stock Market

S. Korea Seeks to Change Dividend-linked Rules to Attract More Foreign Investment to Stock Market

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 [...]

Kiosks Should Offer Voice Assistance for the Disabled

Kiosks Should Offer Voice Assistance for the Disabled

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 [...]

Gov’t Okays Taxi Sharing Service, but Only for Passengers of Same Gender

Gov’t Okays Taxi Sharing Service, but Only for Passengers of Same Gender

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 [...]

Ruling Party Considering Enacting Law on Blockchain Platforms to Regulate Cryptocurrencies

Ruling Party Considering Enacting Law on Blockchain Platforms to Regulate Cryptocurrencies

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 [...]

Gov’t to Toughen Noise Regulations for Motorcycles

Gov’t to Toughen Noise Regulations for Motorcycles

SEOUL, March 16 (Korea Bizwire) – The noise permission standards for the manufacturing and operation of motorcycles, which have remained unchanged over the past 30 years, will be strengthened to the level of foreign standards. The Ministry of Environment announced on Tuesday that it will improve the overall noise management system to reduce the noise [...]

Revised Veterinarian Act to Prevent Overcharging

Revised Veterinarian Act to Prevent Overcharging

SEOUL, Jan. 4 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs has announced that a revised Veterinarian Act was promulgated with a focus on obligating veterinarians to inform customers about expected expenses for medical treatment and surgical procedures. Thus far, veterinarians were allowed to charge medical expenses arbitrarily, and it was difficult [...]