SEOUL, May 23 (Korea Bizwire) — The collapse of an asset market bubble in South Korea could lead to a more dangerous situation than the crash of the country’s information technology (IT) bubble in the early 2000s, market experts warned Monday. Their doomsday scenario comes amid warnings that a U.S. stock market bubble has begun [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s ICT ministry said Wednesday it raised the country’s cyber threat warning level by one notch higher from the lowest level to respond to growing cyberattacks and threats related to the country’s COVID-19 relief funds. The government has a five-tier cybersecurity alert system, which is set at the [...]
SEOUL, Dec. 12 (Korea Bizwire) — A public health law revision is under review to require pictorial warnings of health hazards on alcoholic beverages, officials said Wednesday. The warning labels will resemble those on cigarette packs, alerting consumers to health risks from drinking and the consequences of drunk driving, according to the officials from the [...]
SEOUL, Oct. 18 (Korea Bizwire) – A recent report by the National Assembly Budget Office forecasted that the upcoming mandate to include warning images on cigarette packages will help reduce Korea’s tobacco consumption, though the effects will be “limited”. According to the NABO report National Tax Income Forecast 2016 – 2020, total shipments of cigarettes [...]