Korea Joongang Daily
Korea JoongAng Daily

'Quality over quantity' with deregulation, reform committee co-chair says

New reforms will prioritize quality, Presidential Regulatory Reform Committee Co-Chair Kim Jong-seok said at the Korea JoongAng Daily Forum 2024 on Wednesday.

2024-05-08

Foreign firms criticize Korea's cumbersome name verification system

Foreign financial firms raised the need for Korean regulators to review a local system that requires them to verify the names of their clients, a system they argue hinders their operations.

2024-01-22

[AI IN ACTION] The threat from AI is real. And we need to talk about it now.

It is not by sheer coincidence that the next global summit to discuss the possible dangers and risks of AI to humanity is coming to Korea. Home to two data centers able to test generative AI, the Asian tech giant is eager to get ahead in the race...

2023-11-12

K-pop Sphere arena gets green light as gov’t cuts red tape

The government vowed Wednesday to ease regulations and reduce administrative procedures to promote the swift and smooth implementation of major corporate investment projects.

2023-11-08

Government moves to double cap on foreign workers

The Korean government on Thursday announced plans to increase the cap on foreign workers to around double the current limit in certain industries, addressing the chronic labor shortages faced in sectors such as manufacturing and agriculture.

2023-08-24

Trading hours of local exchange market to be extended

Korea will extend the trading hours of the country's foreign exchange market to attract overseas investors.

2023-01-12

[Today's Cartoon] 2023.01.12

After South Korea tightened quarantine restrictions on entrants from China after the Chinese government lifted all regulations for Covid-19, Beijing responded by suspending short-term visas for Koreans to enter China.

2023-01-11

EV chargers could become small businesses if proposal passed

Korean electric vehicle owners will be allowed to rent out their EV chargers if government proposed legislative amendments are passed. EV chargers will soon be shared like houses on Airbnb. If the amendments to the Electric Utility Act are passed...

2022-09-05

Different phrasing, same regulations (KOR)

Ankle weight sandbags for physical training are mentioned often as President Yoon Suk-yeol compares regulations hindering business activities to the weight bangles.

2022-06-03

Different phrasing, same regulations

Ankle weight sandbags for physical training are mentioned often as President Yoon Suk-yeol compares regulations hindering business activities to the weight bangles.

2022-06-02