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 [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea said Wednesday it will allocate 194.4 billion won (US$172.5 million) next year for the development of robot technology in the latest move to brace for the post-pandemic era. The figure represents a 32 percent hike from 2020, according to the Ministry of Trade, Industry and Energy. Under [...]
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 [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean business lobby groups said Thursday a series of bills that they claim would hurt corporate activities should be further discussed as they will have a far-reaching impact on their business operations and the economy as well. The government is pushing to pass a package of bills to [...]
SEOUL, July 10 (Korea Bizwire) — The government has announced plans to significantly strengthen the safety management of medical devices that are implanted into human bodies. A new system will be set up to track medical implants from factory release until the surgical implant procedure. The Ministry of Food and Drug Safety announced on Thursday [...]
SEOUL, July 1 (Korea Bizwire) — Tobacco producers will now be banned from promoting cigarette consumption by offering new products for free trial. A bill containing relevant provisions to amend the National Health Promotion Act was passed by the state council on Tuesday. Current laws prohibit all acts of promoting cigarette sales by tobacco producers, [...]
SEOUL, June 19 (Korea Bizwire) — Regulations are set to be loosened further to enable airlines to use passenger planes remaining idle due to the coronavirus outbreak to transport cargo more easily. The Ministry of Land, Infrastructure and Transport announced on Thursday that it would ease the fire protection standards for passenger planes to make [...]
SEJONG, June 18 (Korea Bizwire) — Starting from the end of this year, drone companies engaged in drone making, selling or rentals will be obliged to inform customers about no-fly zones and times through their websites. The Fair Trade Commission (FTC) announced on Wednesday that the amended notice of fair labelling and advertising would take [...]
SEOUL, June 17 (Korea Bizwire) — South Korea said Wednesday that it will further tighten lending rules and designate more areas subject to tighter regulations in an effort to stem a further rise in housing prices. The government rolled out its toughest measures yet to stem rising housing prices in greater Seoul and some unregulated [...]
SEOUL, June 15 (Korea Bizwire) — South Korea said Monday it will revamp its regulations to prevent possible illegal fishing activities by South Korean-flagged boats operating overseas, after the country had been on the verge of being labeled as one of the nations engaging in unregulated fishing. Previously, inspections had been carried out for illegal [...]