Elon Musk’s X sued Tuesday to try to stop New York from requiring reports on how social media platforms handle problematic posts — a regulatory approach that the company successfully challenged in California.
The United States’ slow but accommodating regulatory system has fostered experimentation in new technologies and created a diverse innovation ecosystem.
New reforms will prioritize quality, Presidential Regulatory Reform Committee Co-Chair Kim Jong-seok said at the Korea JoongAng Daily Forum 2024 on Wednesday.
Kakao's third-quarter net profit fell 63.9 percent on year. The company attributed the decline to the additional costs of investments in infrastructure and restructuring of subsidiaries.
Third-quarter net profit came to 94.5 billion won ($72.7 million), up 21.2 percent from a year earlier, Kakao Bank said in a regulatory filing on Wednesday.
Rival parties must demonstrate bipartisanship to save the economy through regulatory reform.
The Korea Exchange (KRX) said Sunday that it will provide English translation services for regulatory filings of 51 firms listed on the secondary Kosdaq market.
President Yoon Suk-yeol must oversee regulatory reform as it directly influences people’s livelihoods.
Prime Minister Han Duck-soo announced Tuesday the Yoon Suk-yeol administration's new approach to regulatory reform as a part of its effort to spur economic growth.
The number of regulatory disclosure rule violations by firms in Korea more than halved in 2021 from a year earlier amid stepped-up efforts to protect investors from misleading or false information, data showed Thursday.
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