Park Raeyeol Reporter
[email protected]I hope that a fair society, a fair economy, and a fair culture take root.
Diagram of the structure involving lenders engaged in illegal operations. /Financial Supervisory Service Oct. 26, 2026. The Fair Economy -- The Financial Supervisory Service (FSS) has built an artificial intelligence (AI)-based analysis sys…
The benchmark interest rate reform, jointly driven by the public and private sectors with the Financial Services Commission, the Bank of Korea, the Financial Supervisory Service, the Korea Securities Depository, and the Korea Federation of …
Fair Trade Commission Chairman Joo Byeong-gi has proposed strengthening investigative powers to impose fines of up to 1% of total sales on companies that refuse to cooperate with investigations. He also expressed the view that the Large-Sca…
The Fair Trade Commission has decided to issue a corrective order (prohibition order) and a fine of 31 million won (about $22,500) to KPIC Corporation, a general holding company that owned shares in a financial company. KPIC held 333,333 sh…
The Ministry of Employment and Labor will use a manual that standardizes experienced inspectors' field expertise into 36 inspection items for the training of newly appointed regional labor inspectors. Trainees will undergo two weeks of theo…
The Ministry of Employment and Labor announced the results of its targeted inspection of Coupang, Coupang Fulfillment Services, and Coupang Logistics Services, uncovering 206 violations of industrial safety and labor standards, referring 61…
The need to protect consumer advance payments has grown as issues have been raised about prepaid installment businesses, such as funeral service companies, investing funds in high-risk assets or providing undue benefits to controlling share…
Real estate-related loans extended by specialized credit finance companies — capital firms and card companies — are set to be tightened. Combined lending for real estate project financing (PF) and loans to the construction and real estate i…
The Public Procurement Service has established "Measures to Eradicate Reckless Bidding in Goods Procurement" to prevent companies without the capacity to fulfill contracts from participating indiscriminately in bidding. The Public Procureme…
Haitai has been fined 937.8 million won by the Financial Services Commission (FSC) for preparing and disclosing financial statements in violation of accounting standards, while four company officials, including the CEO, were fined a combine…
In the process of selecting a contractor for Songdo Severance Hospital, the ordering party has repeatedly acted in ways that appear to lower the threshold for large companies while blocking mid-sized construction firms from winning contract…
Police referred four people, including former People Power Party lawmaker Yoo Seung-min and Lee In-jae, president of Incheon National University, to the prosecution on charges of obstruction of business over suspicions that his daughter, Yo…
The Fair Trade Commission has begun procedures to impose fines on 17 wedding service providers that failed to properly display prices and penalty standards. They were found to have omitted prices for optional items on their websites or cont…
At the Seoul Metropolitan Government audit on the 15th, allegations were raised that a senior Seoul Housing & Urban Development Corporation (SH) official may have received kickbacks in the process of selecting a Hangang Bus shipbuilder. The…
The Public Procurement Service has pre-announced a revision to the special conditions that clarifies the requirements for extending the contract period under the Multiple Award Schedule (MAS) for commercial software, while strengthening uni…
