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Korea to invest heavily in R&D, AI, digital transformation

The government will actively recruit overseas researchers specialized in quantum computing, AI and bio this year to make the country a global R&D hub. Additionally, it will focus on driving economic growth and job creation based on AI technology and enhancing digital inclusion through advanced digital services, the ICT minister said Tuesday.
South Korea United States Soult Ukpyolsi Baek Byung Yeul Yoon Suk Yeol Korea Aerospace Administration

Antitrust regulator's losing streak continues as legal decisions go against it

Criticism continues to mount over the Fair Trade Commissionโ€™s (FTC) punitive measures taken under the previous Moon Jae-in administration, as the antitrust regulator lost a series of lawsuits filed by companies that were sanctioned under the previous government, according to industry officials, Sunday.
Soult Ukpyolsi South Korea Fair Trade Commission Sk Group Seoul High Court Ministry Of Oceans

[Person in Focus] Lee Jun-seok uses politics of division to woo young male voters, again

Lee Jun-seok, leader of the Reformist Party and former chairman of the conservative ruling People Power Party (PPP), is in the media spotlight, again, due to his contentious pledges which critics say are highly likely to cause further social divisions, specifically between generations as well as genders.
South Korea Soult Ukpyolsi Lee Hyo Jin Yoon Suk Yeol Lee Jun Seok Kim Hyung Joon

Yoon sends back bill to probe Halloween disaster

President Yoon Suk Yeol shot down a bill that would have given the National Assembly the authority to initiate a new probe into the deadly crowd crush incident in Seoul during the Halloween weekend in October 2022, his office announced Tuesday. The decision came hours after the Cabinet passed a motion on Tuesday morning demanding the parliament reconsider a special bill and giving Yoon grounds to veto it, at the Gove...
Soult Ukpyolsi South Korea Kyonggi Do Yongsan Gu South Korea General Seoul City

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'Reasonable Price' business owners find scheme unreasonable

The Reasonable Price businesses program, where the government provides tax incentives and subsidizes essential daily items, thereby enabling lower prices, was initiated in 2011 to stabilize costs. This approach was promoted as a win-win policy for both customers and business owners.
South Korea Soult Ukpyolsi National Assembly Budget Office Korea Federation Of Micro Enterprise Yonhap Ministry Of The Ministry Of The

FTC vows to push for controversial platform act despite growing criticism

The Fair Trade Commission (FTC) has shrugged off escalating criticisms concerning its move to legislate the somewhat contentious platform act, targeting monopolistic online firms, saying that its enactment aims to minimize possible damage faced by Korean consumers, a ranking official from the antitrust agency told reporters, Wednesday.
United States Fair Trade Commission Fair Trade Commission Director Yook Sung Kwon Platform Fair Competition Act Government Complex Yook Sung Kwon

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