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South Korea bans short selling in stocks citing economic uncertainties

by AIP Online Bureau | Nov 6, 2023 | Eco/Invest/Demography, Policy, Regulation, Risk Management

“Despite a series of measures introduced in the past, recently, the authorities have discovered a number of illegal naked short selling practices conducted by foreign and institutional investors, raising concerns about the fair pricing function of domestic stock...

Google, Apple stare at over $50 mn fine for in-app billing irregularities

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...
South Korea flood death toll rises to 40, Yoon blames botched responses

South Korea flood death toll rises to 40, Yoon blames botched responses

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...

South Korea’s world lowest fertility rate drops again

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...

South Korean Court recognises same-sex couple’s rights

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...
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