Archive page 82

On June 13, 2024, the Korea Fair Trade Commission (KFTC) imposed a historic fine of 140 billion won on Coupang for its unfair business practices, including manipulating search algorithms to unfairly prioritize its private label (PB) products. This decision has significant implications for fair competition and local businesses. Coupang, one of South Korea’s largest e-commerce platforms, has been at the center of controversy for manipulating search algorithms to favor its private label products o

The Gadeokdo New Airport project is poised to transform Busan into a major global aviation hub. This ambitious infrastructure initiative involves constructing an airport with a 3,500-meter runway, designed to operate 24 hours a day and handle large cargo aircraft. The airport's strategic location and state-of-the-art facilities aim to enhance the region's logistics capabilities by integrating air and sea transport, thereby creating a comprehensive transportation hub. The idea of establishing a

Seoul, South Korea - South Korea's recent announcement of its 15-year power supply plan has sparked significant controversy. The plan, which includes a renewable energy target of 21.6% by 2030, stands in stark contrast to the aggressive renewable energy goals set by other OECD countries. As the world embraces the RE100 initiative, aimed at transitioning to 100% renewable energy by 2050, South Korea's policy appears to be out of step with global trends. The South Korean government has committed

Busan, South Korea- Busan is set to host the 25th annual Debian Developer Conference, DebConf24, from July 21 to August 4, 2024. This event will take place at Pukyong National University and is expected to attract over 1,000 participants from around the world. The conference will feature a comprehensive program including development workshops, technical sessions, and a job fair aimed at fostering collaboration and innovation within the open-source software community. The DebConf24 conference, o

Busan, South Korea - Busan is set to host the second event of the Seven Beach Earthing Challenge at Gwangalli Beach on June 16 at 6:00 PM. This event, aimed at promoting health and wellness through barefoot walking, is part of the city's initiative to foster a deeper connection between urban life and nature. The event is jointly organized by the City of Busan, Busan Ilbo, the Busan Metropolitan Council, the Busan Chamber of Commerce and Industry, and BNK Financial Group, with the Busan Earthing

The recent announcement by Act-Geo about potential oil and gas reserves in the East Sea has captured significant public and governmental attention. The South Korean government swiftly approved an expensive exploration project based on Act-Geo's optimistic analysis. However, this development has not been without controversy, raising questions about the project's viability, the credibility of Act-Geo, and the wisdom of such a large financial commitment in the face of global energy shifts. In a st

Busan, South Korea's second-largest metropolis and renowned port city, stands at a crucial juncture as it risks ceding its position to Incheon. Despite its strategic location and considerable potential, Busan struggles with pressing economic and social issues that impede its growth. The recently proposed "Global Hub City Special Act" seeks to address these challenges by transforming Busan into a vibrant innovation hub in the southern region, akin to Singapore. This legislative initiative is not

Busan, South Korea – To honor and preserve the city’s rich history, the city of Busan and the Korea Customs Service have announced an agreement to restore the old Busan Customs Building. This historic building, which was demolished in 1979, will be revitalized as a cultural and educational hub. On June 7, 2024, at 10:30 AM, an official ceremony was held at the Busan City Hall to sign the agreement for the restoration project. Attendees included Busan Mayor Park Hyung-jun and Korea Customs Servi