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Telecommunications & Media

Callers with phone service suspended for non-payment to get access to 109 suicide prevention line

South Korea will allow users whose outgoing mobile calls are suspended for unpaid telecom bills to access the 109 suicide prevention counselling line. The Ministry of Science and ICT, the Ministry of Health and Welfare and the Anti-Corruption and Civil Rights Commission will designate 109 as an emergency telecommunications number. Telecom operators will be required to connect such callers regardless of service status. Phone makers will also add 109 to emergency call lists, enabling lock-screen access.

Industry

Samsung union conflict widens with New York ad and chair sent to prosecutors

Conflicts inside and around Samsung Electronics\' unions are growing. The DX division union ran a Times Square ad criticising workforce efficiency moves and plans an open-ended rally from Sept. 18 outside Chairman Jay Y. Lee\'s home. Separately, police sent six people including a union chair to prosecutors over alleged creation of a member list. New labour ministry guidelines also narrow what can be treated as a legal labour dispute, limiting unions\' leverage.

Finance

Kosdaq tech listings top 300 after 21 years, total IPO proceeds 8 trillion won

The number of companies listed on South Korea’s Kosdaq through the technology special listing scheme has topped 300, 21 years after its introduction, the Korea Exchange said. It said cumulative IPO proceeds raised by the 300 companies total about 8 trillion won, with biotech accounting for 4.5 trillion won. The exchange said advanced industries now dominate new listings and market value, while investor protection remains a task.