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 [...]
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 [...]
SEOUL, Feb. 10 (Korea Bizwire) — A new policy now requires dog owners to keep the leash shorter than 2 meters when going out for a walk. The Ministry of Agriculture, Food and Rural Affairs announced that the policy will take effect on Thursday. Even if the leash itself is longer than 2 meters, it [...]
SEOUL, Jan. 13 (Korea Bizwire) — Amid increasing voices pointing out the shortage of charging infrastructure for electric vehicles (EVs), the government is taking steps to regulate those who monopolize the use of fast chargers. The fast chargers run by the state power firm Korea Electric Power Corp. (KEPCO) will automatically stop charging if the [...]
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 [...]
SEOUL, Jan. 4 (Korea Bizwire) — The Ministry of Food and Drug Safety announced on Monday that the so-called ‘shared kitchen’ system designed to allow multiple companies to share the same food production facilities will be implemented in full swing from this year. The shared kitchen trial project has been carried out since June 2019 [...]
SEOUL, Dec. 22 (Korea Bizwire) — Finance Minister Hong Nam-ki said Wednesday the government will closely monitor foreigners’ real estate transactions in a bid to prevent cross-border flows of illegal funds and crack down on dubious deals. The government unveiled a set of measures to prevent foreigners from illegally buying real estate as some non-residents [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korea will open the door for locals to try on unifocal glasses virtually and purchase them online. The Ministry of Economy and Finance said Tuesday it drew a consensus on the online sales of unifocal glasses after having discussions with related parties and ministries through a coordination body. [...]