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[POLICY] Gov셳 to set up a new national safety service
The cabinet passed the draft bill to amend the existing government organizational structure on the 18th. After the Sewol ferry disaster revealing the chronic issues of crisis response system, MOSPA sets up a new safety service for the people integrating disaster response teams fragmented into land a
Jeansun Kim   2014-11-18
[POLICY] KoFC President Zhin nominated as head of financial watchdog group
Financial Supervisory Service셲 Governor Choi Soo-hyun has submitted the resignation letter to the FSS. The Financial Services Commission has named Zhin Woong-seop, president of the Korea Finance Corp., as the next governor of FSS.The FSC will hold a temporary meeting on the designation, which will
Jeansun Kim   2014-11-18
[POLICY] Big conglomerates circular equity investments to be disclosed next month
Big conglomerates will disclose their circular equity investment in their regulatory filing on the 1st of next month.Previously they were not subject to the regulatory filing and Fair Trade Commission has only collected the data for reference. However, from June 1st next year relevant information of
Jeansun Kim   2014-11-17
[POLICY] FTC files a complaint against Japanese and German bearing makers over price-fixing over a decade
The Fair Trade Commission announced on the 16th that nine Japanese and German bearing manufacturers are fined 77.8 billion won for fixing the prices of bearing products at retailers and steel facilities over the past 14 years from 1998 through 2012.It marks the first time FTC issued penalty on forei
Jeansun Kim   2014-11-17
[POLICY] Asiana Airline to consider taking the 45 day business suspension case to a court
Asiana Airline is suspended from operating Incheon-San Francisco route for 45 days.The Ministry of Land, Infrastructure and Transport reached the decision of issuing 45 days of business ban on Asiana Airline over last year셲 crash accident at the administrative review committee where a group of prof
Jeansun Kim   2014-11-14
[POLICY] MSIP to review early termination fee and handset return policies
The Minister of Science, ICT and Future Planning reviews measures to lower the early termination fees and penalties related to mobile phone contract with three major mobile carriers including SK Telecom, KT, and LT U+ on the 13th as more penalty burden fell on the shoulders of consumers after the Mo
Jeansun Kim   2014-11-13
[POLICY] Revision for 쁅ramework Act on Science and Technology passes cabinet meeting
The role of the 쁅ramework Act on Science and Technology which resolves problems pertaining to science technology and establishes/implements comprehensive plan in the field is to be strengthened.According to the Ministry of Science, ICT and Future Planning (MSIP), certain revisions made for the Fra
Whowired News Team   2014-11-11
[POLICY] Future Planning Ministry to look into abolishing fixed rate system for telecommunications
The Ministry of Science, ICT and Future Planning revealed Thursday (Oct. 6) that it is considering whether to maintain the telecommunications service charge system that requires approval from the government for every new change.The ministry explained that it is linking the matter with the telecommun
Whowired News Team   2014-11-07
[POLICY] KCC Chairman to place stern warning against mobile carriers & i-phone6 guerrilla sales
Choi Sung-joon the chairman of Korea Communications Commission (KCC) once again expressed his strong will to take strict measures against those responsible for the 쁦-phone6 guerrilla sales that took place over the past weekend.Choi, in his appearance at MBC radio program 쁓hin Dong-ho셲 Focus on
Whowired News Team   2014-11-05
[POLICY] FSC Chairman Shin Je-yoon to consider building banks specialized in internet banking
Shin Je-yoon, Chairman of Financial Services Commission, said on the 4th that it is time to consider building banks specialized in internet banking.At the National Assembly Inspection during the questioning in economic sector, Shin said the number of internet banking service providers are on the ris
Jeansun Kim   2014-11-04
[POLICY] Korea Communications Commission Chairman to crack down on excessive subsidy on iPhone 6
Choi Sung-joon, Chairman of Korea Communications Commission, made it clear that the excessive subsidy scandal on iPhone 6 is a slap on the face of the government셲 Terminal Distribution Structure Improvement Act and pledged to crack down on the incident.Choi said at the monthly meeting that the ille
Jeansun Kim   2014-11-03
[POLICY] Future Ministry to develop road map for IoT information protection and related security technology. . .includes development of next generation OS, SOC etc.,
A principle of protecting the information and function of seven core sectors of IoT (Internet of Things) will be embedded in the related product and service from early stage of design. The seven core sectors of IoT will include home appliance, medical treatment, transportation, disaster, manufacturi
Whowired News Team   2014-10-31
[POLICY] Politicians raise concern over the obscenity and nudity posted on Google and Facebook
Korean political circle raised voice over obscenity and nudity issue on SNS and overseas website including Google, YouTube, and Facebook.The ruling and opposition parties criticized that relevant regulating bodies and corporations were negligent about the pornography and obscenity inundated on forei
Jeansun Kim   2014-10-30
[POLICY] Finance institute projects 3.7% growth rate for Korea next year
Korea Institute of Finance (KIF) forecasted 3.7 percent of economic growth rate for Korea next year.The Institute announced Wednesday (Oct. 29) at the seminar 쁔he trend and outlook for Korea셲 economy and finance: 2014~2015 that 쐔hanks to the government economic stimulus policy and low interest r
Whowired News Team   2014-10-29
[POLICY] MSIP to set standardization strategy for 5G ICT and IoT
The Ministry of Science, ICT and Future Planning or MSIP announced on the 28th that it will set the standardization strategy on 23 major technology groups in 6 areas to gain foothold and to take the lead in the ICT area, and publish the details at the international conference room of Telecommunicati
Jeansun Kim   2014-10-28
[POLICY] Multi-function 'smart window' developed by KIST and UK joint research team
The research teams in Korea and the United Kingdom (U.K.) jointly developed a multi-function smart window which can control the amount of sunlight penetration and generate electricity.Korea Institute of Science and Technology (KIST) revealed Wednesday (Oct. 22) that Dr. Ko Doo-hyun of Institute for
Whowired News Team   2014-10-22
[POLICY] Korea Post to add four new places to sell 쁳hrifty phones
Korea Post announced it has selected four additional phone businesses to sell its own 쁀lteul Phone, a cheap phone otherwise referred as thrifty phone. The selected companies are Great Human Software, Smartel, Winnerstel and Onse Telecom. The two uses SKT network and other two, KT network. With the
Whowired News Team   2014-10-17
[POLICY] Public Procurement Service to offer fair price for S/W business
From now on public institutions will offer fair price when pursuing its software business.The Public Procurement Office (PPO) revealed on Wednesday (Oct. 15) that the Economic Ministerial Meeting held at Government Complex Seoul proposed on development measures for software business through public p
Whowired News Team   2014-10-15
[POLICY] BOK to lower standard interest rate to 2.00% . . . market expresses concern
Bank of Korea (BOK) lowered the standard interest rate by 0.25 percentage point after holding a general meeting for Monetary Policy Committee chaired by BOK governor Lee Ju-yeol on Wednesday (Oct. 15). The decision led the standard interest is Korea go down from the previous 2.25 percent to 2.00 per
Whowired News Team   2014-10-15
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