SEJONG, May 6 (Korea Bizwire) — South Korea will further remove unnecessary and excessive regulations concerning foreign direct investment (FDI) as part of efforts to boost foreign investment and the local economy, the government said Wednesday. Under its latest measures, approved at a Seoul meeting of economy-related ministers, the government will work to remove or [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korean government will ban the car-sharing service of Uber on the grounds of passenger safety. To this, Uber countered that it is providing a legitimate service. It remains to be seen how the controversy would unfold. The Ministry of Land, Infrastructure, and Transportation on August 29 sent an official [...]
SEOUL, Korea, Mar 9, 2014 (Korea Bizwire) – The government-appointed National Commission for Corporate Partnership designated in November 2011 a total of 82 business areas for small business protection, meaning that entrance of large corporations into these sectors would be subject to regulation. When the commission decided on these matters, it included tofu making as [...]
SEOUL, South Korea, Sept 28 (Korea Bizwire) – Following an advertising regulation on food items that may cause obesity, the government will this time crack down on caffeine drinks for their promotion on TV. The Ministry of Food and Drug Safety said on September 16 that it has notified administrative orders on restricting TV commercials [...]