regulations Archives | Be Korea-savvy
Gov’t Sets Strict New Inter-floor Noise Regulations

Gov’t Sets Strict New Inter-floor Noise Regulations

SEOUL, March 30 (Korea Bizwire) — South Korea is on track to strengthen regulatory standards on floor noise, as well as to introduce an ‘ex-post inter-floor noise confirmation system’ to mandate multi-unit house developers to check the inter-floor noise prevention performance after completing apartment construction. The Ministry of Land, Infrastructure and Transport announced that it [...]

Foreign Crypto Exchanges Seek Distance from Korea Ahead of Tighter Regulations

Foreign Crypto Exchanges Seek Distance from Korea Ahead of Tighter Regulations

SEOUL, Aug. 17 (Korea Bizwire) — Some foreign cryptocurrency exchanges have distanced themselves from South Korea as Korean authorities are set to enforce tighter regulations against virtual coins. By Sept. 24, cryptocurrency exchanges targeting Korean investors must register with the nation’s anti-money laundering body and disclose their details on risk management. Under the tougher regulations, [...]

Top Official Draws Wrath of Cryptocurrency Investors, Spurs Political Discussions

Top Official Draws Wrath of Cryptocurrency Investors, Spurs Political Discussions

SEOUL, April 27 (Korea Bizwire) – One of South Korea’s top financial officials has recently drawn the ire of investors in cryptocurrency when he lectured them, saying they were walking “on the wrong path” and needed to correct themselves. Appearing in a meeting at the National Assembly on Thursday, Financial Services Commission (FSC) Chairman Eun [...]

S. Korea Takes First Step Towards Construction of LPG-powered Ships

S. Korea Takes First Step Towards Construction of LPG-powered Ships

SEOUL, Feb. 1 (Korea Bizwire) — South Korea took its first step towards the construction of liquefied petroleum gas (LPG)-powered ships with the Ministry of Oceans and Fisheries approving regulations with respect to the Korean Register’s inspection of eco-friendly LPG-fueled vessels. Korean Register is the nation’s classification society for ships and offshore structures. The newly-approved [...]

Gov’t Relaxes Regulations for Self-driving Vehicle Road Tests

Gov’t Relaxes Regulations for Self-driving Vehicle Road Tests

SEJONG, Nov. 20 (Korea Bizwire) — The government plans to allow the test run of shuttle vehicles without a driver’s seat and unmanned self-driving cars on ordinary roads once a temporary operating license is issued. The Ministry of Land, Infrastructure and Transport announced on Thursday that it will revise the regulations on temporary driving approval [...]

Tougher Distancing Regulations Take Effect, Limiting Crowds at Public Facilities

Tougher Distancing Regulations Take Effect, Limiting Crowds at Public Facilities

SEOUL, Nov. 19 (Korea Bizwire) — As a tougher social distancing scheme took effect on Thursday in the greater Seoul area and some other areas where COVID-19 infections have soared recently, high-risk multiuse facilities, such as restaurants and movie theaters, face restrictions in operation. The South Korean government earlier decided to raise the five-tier social [...]

Korean Shipbuilders Tipped to Bask in More Orders Next Year on Tough Regulations

Korean Shipbuilders Tipped to Bask in More Orders Next Year on Tough Regulations

SEOUL, Oct. 27 (Korea Bizwire) — South Korean shipyards are likely to win more orders next year as toughened environment regulations may prod clients to resort to local shipbuilders, which have a competitive edge in eco-friendly vessels, a report said Tuesday. Their combined new orders are estimated at 10 million compensated gross tons (CGTs) worth [...]