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[POLICY] Korean government to strengthen crack-downs on most defective product categories
The Korean government will strengthen its crack-downs on ill-manufactured or faulty electronic devices in the ten most violated categories including phone chargers and LED lighting products.On Thursday, the Korean Agency for Technology and Standards(KATS) announced its plan to begin a wide range of
Whowired News Team   2015-02-12
[POLICY] Alibaba.com Global Business Development head Timothy Leung subpoenaed
The head of Global Business Development for global B2B electronic trade company Alibaba.com, Timothy Leung, is now under prosecutors investigation as the Seoul Central District.The Prosecutors' Office announced on the 9th that it issued a subpoena against Timothy Leung for allegedly stealing co
Jeansun Kim   2015-02-09
[POLICY] MOLIT to crackdown on Uber셲 illegal business
The Ministry of Land, Infrastructure, and Transport reconfirmed the smartphone taxi hailing service provider Uber is illegal. MOLIT released a statement on the 5th that the public passenger transport service by rental vehicles or privately owned vehicles is illegal and thus strictly prohibited. Its
Liz Kim   2015-02-05
[POLICY] Korea to monitor Google and Apple셲 possible monopoly abuse on local IT industry
The Fair Trade Commission has decided to closely monitor whether global IT behemoths such as Google and Apple abuse their dominant market power.The FTC said on the 1st that it has created and began to run a task force team which is consisted of ICT specialists and veteran inspectors in order to chec
Whowired News Team   2015-02-02
[POLICY] Smart healthcare companies receive R&D tax exemption
Smart healthcare companies are now qualified for tax exemption for R&D investment as the Ministry of Trade, Industry and Energy announced a plan to boost the smart healthcare industry at Bio Industry Meeting on the 29that the Seoul Renaissance Hotel.MOTIE has clearly set the boundary of technologies
Liz Kim   2015-01-29
[POLICY] MSIP to expand the market share of low cost mobile phones to 10%
The government will zoom in on the wholesale market to lift the burden off from low cost mobile phone companies and to raise the market share to 10% this year. Mobile telecommunications phone plans will be restructured to offer more data usage rather than voice calls while getting rid of the members
Liz Kim   2015-01-28
[POLICY] Post office, public TV home shopping, and Kakao Pay to make most out of FinTech
Public television home shopping channel plans to introduce new FinTech services for online petty cash or set-top box settlement before its service launch in the first half of this year. Also, the post office will be offering a major online money settlement and wiring services.According to the basic
Jeansun Kim   2015-01-28
[POLICY] Korea to boost FinTech industry
The Korean government supports the FinTech (finance + ICT technology) industry셲 overhauling of regulatory measures. The Financial Services Commission announced plans to support financial and IT industries on the 27th. The government will minimize regulations to improve on the financial structure, a
Liz Kim   2015-01-27
[POLICY] KCC to tighten its grip on illegal subsidy payout
The Korea Communications Commission strengthens its crackdown on illegal subsidy payouts in the telecommunications market this year, turning down the heat of competitive marketing campaigns at an early stage and expanding terminal monitoring samples and night time contact lists. KCC announced the st
Jeansun Kim   2015-01-27
[POLICY] Korea Customs Service to offer seaborne shipping to China
The Korea Customs Service will introduce a new seaborne shipping system to facilitate direct online shopping to China. Korea Customs Service Commissioner, Kim Nak-Hoe, said on the 26th that the seaborne shipping infrastructure will be built by March for service provision via ferry to China to activa
Jeansun Kim   2015-01-26
[POLICY] KCC to call for prosecution of Uber for the violation of passenger transport law
The Korea Communications Commission unanimously decided to call for prosecutors to file charges against the ride-sharing mobile application Uber on the 22nd over the violation of the law on privacy protection and usage of location information. Uber operates the business using personal location infor
Liz Kim   2015-01-22
[POLICY] Korea to invest 5.2094 trillion won for informatization project this year
Korea will invest 5.2094 trillion won in 7,555 national informatization projects including IoT and government subsidy network management. The Ministry of Science, ICT and Future Planning announced the plan for national informatization in 2015 on the 21st based on the 5thbasic framework that governme
Liz Kim   2015-01-21
[POLICY] Government allows public servants to commute to big companies like Samsung
The government will expand the range of its personnel mobility system between private companies and government agencies to include big corporations such as Samsung Group and Hyundai Motor Group.The program named 쏱rivate Workplace Absence System was introduced in 2002 to allow selected public offic
Whowired News Team   2015-01-21
[POLICY] Korea slaps five year anti-dumping duties on Japanese pneumatic valve
The Korea Trade Commission under the Ministry of Trade, Industry & Energy announced on the 21st that the government will slap11.66∼23.97% of five year anti-dumpingduties on pneumatic valves manufactured in Japan. It is more of an official acknowledgement from the government side that the domesti
Liz Kim   2015-01-21
[POLICY] FTC takes preventative measures to contain damages from foreign online shopping
With the sudden growth in foreign online shopping, the number of consumer complaints has increased accordingly, prompting the government to come up with measures to contain the damage. The Fair Trade Commission said on the 19th that as more consumers seek to purchase directly from overseas online re
Jeansun Kim   2015-01-19
[POLICY] Fin-Tech industry boosted by new lenders for internet companies
Five government departments announced at the Three Year Economic Plan II for Innovation that they will nurture the Fin-Tech industry, finance combined with information technology, at the governmental level with over 200 billion won funding. Those five departments include the Ministry of Science, ICT
Jeansun Kim   2015-01-15
[POLICY] Teenagers access to mobile pornography completely blocked
The Korea Communications Commission release a revised version of the Electrical Communications Business Act on the 9thwhich states that teenagers should have restrictions or blocking measures for mobile apps to sexually mature content when purchasing new mobile phone plans and that parents or guardi
Jeansun Kim   2015-01-09
[POLICY] MOTIE streamlines energy efficiency certification process
The Ministry of Trade, Industry and Energy announced on the 8th that itwill cut down on the number of high energy saving items from 45 to 29. Itexplained that the exclusions were made on the grounds of wider use of technologies, high penetration rates, and applications for the certification. It come
Liz Kim   2015-01-08
[POLICY] FTC slaps KT, Doosan, and Shinsegae with penalty over violation of disclosure law
The Fair Trade Commission announced on the 7th that it has issued a penalty of 540 million won to 13 affiliates of 3 major conglomerates including KT, Doosan, and Shinsegae over 16 counts of the violation of disclosure law.A FTC investigation found out that KT셲 affiliate T-On Telecom failed to reac
Liz Kim   2015-01-07
[POLICY] Korea Post offers a cashback for second hand mobile phones
The Korea Post starts purchasing second hand mobile phones at 221 branches across the country from the 7th. Korea셲 average handset replacement cycle of 15.6 months is the shortest among OECD countries.Theused handset trade has increased in volume every year especially after the Handset Distribution
Jeansun Kim   2015-01-06
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