by AIP Online Bureau | Oct 6, 2023 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Technology
The Korea Communications commission has decided to impose a fine of 47.5 billion won on Google and 20.5 billion won on Apple based on the judgment that they violated the country’s revised Telecommunications Business Act by abusing their monopoly power to force...
by AIP Online Bureau | Jul 17, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
The incident fueled questions over South Korea’s efforts to prevent and respond to flood damage. Some drivers who use the road regularly blamed the government for failing to ban access to the underpass even though floods were widely forecast South Korean President...
by AIP Online Bureau | Feb 24, 2023 | Data, Eco/Invest/Demography, Policy
As of 2020, South Korea was the only country among the OECD members to have a rate below 1, giving it a shrinking population. Being married is seen as a prerequisite to having children in South Korea, but marriages are also plunging in the country amid sky-high costs...
by AIP Online Bureau | Feb 22, 2023 | Facts, Health, Non-Life
A gay couple won a lawsuit in South Korea granting them spousal coverage from the national health insurance program, an apparent first in the country that only legally recognizes marriage as between heterosexual couples. In its ruling, the Seoul High Court on Tuesday...
by AIP Online Bureau | Jan 4, 2023 | International News, Non-Life, Regulation
The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the “driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers” on its official local...
