CCM Certification Changes to 'Business Designation' as Consumer Law Amendment Passes
The name of the Consumer-Centric Management (CCM) system, which evaluates whether corporate management activities are consumer-oriented, will change from 'certification' to 'business designation.' Companies applying for evaluation will pay the assessment fees directly to the designated assessment organization.The Fair Trade Commission announced that the amendment to the enforcement decree of the Consumer Basic Act, which includes these changes, passed the Cabinet meeting on September 1.This amen
New Regulations to Curb Misleading Financial Advertising
Provocative phrases in financial investment advertisements, such as "○○ Electronics 100,000 won, now is the chance" and "It will be too late after ○○○○ goes public," are expected to disappear. Financial authorities are significantly tightening regulations on financial investment company advertisements by establishing an advertising committee within the Financial Investment Association and including video ads on securities firms' YouTube channels in the review process. The criteria for imposing f
Ansan City Corporation Takes Steps to Ensure Safety During Chuseok Holiday
The Ansan City Corporation is conducting safety inspections of key public facilities it manages to prevent accidents during the Chuseok holiday period. According to the corporation, safety checks will be carried out on 46 facilities, including Was Stadium, until September 11. These inspections aim to mitigate potential safety incidents such as fires, flooding, and security breaches that could occur while facilities are closed or operating unattended during the holiday. The inspections will focus
Corruption Investigation Launched into Supreme Court Chief Justice Cho Hee-dae
The Corruption Investigation Agency (CINA) has begun an investigation into Chief Justice Cho Hee-dae following allegations of abuse of power related to the controversial nomination of Supreme Court justices.According to legal sources on September 1, CINA assigned the case, filed by the citizen group Citizen Action for Judicial Justice (CAJJ) on August 25, to its Special Investigation Division (led by Chief Prosecutor Na Chang-soo) on August 27.CAJJ claims that Cho disregarded established practic
South Korea to Invest Over $150 Billion in R&D Over Next Five Years
The South Korean government plans to invest over 200 trillion won (approximately $150 billion) in research and development (R&D) over the next five years to enhance self-sufficiency in key technologies such as semiconductors, artificial intelligence (AI), and robotics. This initiative aims to move beyond a catch-up growth model and realize the vision of an 'indispensable South Korea.'On September 1, the Ministry of Science and ICT announced that Deputy Prime Minister and Minister of Science and
South Korea's Science Ministry Allocates 29.6 Trillion Won Budget for 2027, Focused on AI Transformation
The Ministry of Science and ICT has proposed a budget of 29.6 trillion won for 2027, a 24.5% increase from this year. Of this amount, 9.4 trillion won is earmarked for AI transformation, representing about one-third of the total budget.On September 1, the Ministry announced that the '2027 Budget Proposal' was approved during a Cabinet meeting.The ministry's budget has been steadily increasing, from 21 trillion won in 2025 to 23.8 trillion won this year, and now to 29.6 trillion won in 2027, refl
Financial Services Commission Allocates 9.24 Trillion Won Budget for 2027
The Financial Services Commission has set its budget for next year at 9.24 trillion won, nearly doubling this year's allocation. The budget focuses on investments in advanced industries, support for low-income finance, and youth asset formation.On September 1, the commission announced that the budget for the 2027 fiscal year has been increased by 4.59 trillion won (98.7%) compared to this year.Key allocations include 2.08 trillion won for youth asset formation, 1.08 trillion won for stabilizing
Ansan Mayor Im Min-keun Launches Citizen Participation Committee
Im Min-keun, the mayor of Ansan, emphasized on August 31 that the Citizen Participation Committee is a platform for reflecting the diverse thoughts and experiences of citizens in governance. On that day, the mayor announced the official launch of the '3rd Citizen Participation Committee' during a regular meeting held at the city hall's conference room, marking the beginning of its activities. The establishment of the 3rd committee aims to actively incorporate citizen voices into governance, dr
Meritz Securities Launches 'MOUM,' a New Financial Platform Combining AI and Global Community
Meritz Securities has introduced a new financial platform called 'MOUM,' which combines investment information, a global community, and artificial intelligence (AI) services. This move comes as the importance of investor communities grows in the retail sector, aiming to enhance competitiveness through high accessibility and communication.During the launch event held at the Fairmont Ambassador Seoul in Yeouido on September 1, Meritz Securities CEO Jang Won-jae stated, "Meritz Securities aims to r
Shinhan Financial Marks 25th Anniversary, CEO Jin Ok-dong Emphasizes Customer Trust
Jin Ok-dong, Chairman of Shinhan Financial Group, highlighted 'customer trust' as the core value of the group during its 25th anniversary celebration.Speaking at the event held on the morning of September 1 at the group's headquarters in Jung-gu, Seoul, Jin stated, "For a financial company managing customer assets, trust is not just one of many values; it is the starting point and final checkpoint for all decision-making and sustainable growth."He urged employees to continuously reflect on wheth