South Korean hospital adopts PASS QR code app for IDV

South Korea’s major mobile carriers announced that Yongin Severance Hospital at Yonsei University in Seoul will enable ID verification through the PASS app. PASS is a digital identity app developed by South Korean telecom providers that enables identity …

Korea Tourism Organization signs MOU with Thomas Cook India & SOTC

Thomas Cook (India) Limited, India’s leading omnichannel travel services company and its group company SOTC Travel, have signed a strategic 24-month partnership with Korea Tourism Organization – a collaboration that focuses on Special Projects towards …

South Korea’s NPS to take minority stake in Metrics Credit Partners

South Korea: Regulator plans to ease insurer capital adequacy requirements

South Korea's regulator, the Financial Services Commission, has announced its plans to ease capital adequacy requirements for insurers under the Korean Insurance Capital Standard (K-ICS). The move is to “help lessen their burdens and raise the quality …

South Korea to Scrutinize Steel Imports in US Tariff Response

(Bloomberg) -- South Korea will strengthen its scrutiny of metals imports to protect its producers from potential dumping in the local market after President Donald Trump proceeded with plans to apply 25% tariffs on global steel and aluminum imports. Most …

South Korea’s DN Solutions Said to Seek About $1 Billion in Seoul IPO

(Bloomberg) -- South Korean machinery maker DN Solutions Co. is seeking $800 million to $1 billion in an initial public offering in Seoul, people familiar with the matter said, in what could be the country’s largest such deal this year. Most Read from …

South Korea extends chip R&D work hours, but next government could reverse it

Longer R&D hours give Samsung and SK Hynix an edge, but Lee Jae-myung’s potential win could reverse gains South Korea’s finance ministry announced on Wednesday that it will extend the special approval period for semiconductor research and development ( …

USFK expects longer family tours in South Korea to improve quality of life

U.S. service members and their families gather at Camp Humphreys' downtown plaza after a ruck march in South Korea, Dec. 6, 2024. (Michelle Lessard/U.S. Army) CAMP HUMPHREYS, South Korea — A Pentagon policy extending two-year tours for troops who …

South Korea ‘Speeding Up’ Crypto Efforts: FSC To Issue Institutional Investment Guidelines By Q3

South Korea’s financial authority has announced it will issue clear and comprehensive guidelines for intuitional crypto investment in the coming months. This move follows the Korean government’s efforts to speed up its regulatory shift toward the digital …

South Korea Sets Ambitious Quantum Technology Goals with New Committee

The South Korean government launched the Quantum Strategy Committee at the Korea Research Institute of Standards and Science in Daejeon on March 12. Presided over by Acting President and Deputy Prime Minister Choi Sang-mok, who also serves as minister of …