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South Korean court hears children’s climate change case against government

by AIP Online Bureau | Apr 23, 2024 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The proceeding is Asia’s first such climate-related litigation, the plaintiffs said, which includes four petitions by children and infants among others dating from 2020, as well as one from a foetus at the time, nicknamed Woodpecker. South Korea’s...

Deepfakes surge ahead of general elections in S. Korea

by AIP Online Bureau | Feb 19, 2024 | Eco/Invest/Demography, International News, Technology

As AI technology continues to evolve and proliferate, experts warn of the growing sophistication and speed of deepfake production, outpacing traditional verification processes employed by election authorities. It is hard for the authorities to combat deepfake...

Kia halts operations at S.Korea auto facility after accident at supplier

by AIP Online Bureau | Nov 10, 2023 | International News, Risk Management

Kia said in a regulatory filing it had stopped production at three main assembly plants at its Gwangju complex, except for bus and military-related product manufacturing. The company said the timing for a resumption had not been determined yet SEOUL: Automaker Kia...

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...
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