Search results for People Power Party
Telecommunications & Media
LG Uplus CEO says he will take appropriate responsibility if hacking cover-up is confirmed
Hong Beom-sik, CEO of LG Uplus, said he would take appropriate responsibility if it is confirmed the company deliberately covered up hacking or obstructed an investigation. He declined to give a firm answer on whether to waive early termination fees for customers switching carriers, saying the company would follow the judgment of judicial authorities and any government guidelines. Lawmakers pressed the company on user protection measures, evidence preservation and promotional use of a top evaluation grade.
AI & Enterprise
MSIT to prepare cross-government response after PHP flaw raises cyber alert
South Korea\'s Ministry of Science and ICT plans cross-government security measures after a widely used PHP programming language vulnerability led to a higher cyber crisis alert. Minister Bae Kyung-hoon said broader countermeasures are needed beyond PHP. The ministry and KISA urged immediate updates and raised the private-sector alert level to “Caution” from “Attention” at noon. Officials said they issued guidance late on Oct. 21 and advised offline operation if patching is difficult.
Telecommunications & Media
Broadcasting media communications committee audit calls for stronger user protection and sanctions on platforms
At a parliamentary audit of South Korea’s Broadcasting Media Communications Committee, lawmakers called for stronger user protection responsibilities and tougher sanctions for platforms ranging from Coupang and Kakao to Google, Apple and X. Issues included youth protection on social media, so-called hijacking ads, in-app payment enforcement and blocking illegal and harmful content. The committee chief said investigations were completed in some cases and further reviews could lead to legal and institutional changes.
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Finance
Lawmakers urge loan rule and simple payment changes as bank concentration deepens
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Crypto
Ruling, opposition spar over digital asset tax as government says it will decide after review
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Telecommunications & Media
Lee Jin-sook says Google in-app fee damage estimated at 8 trillion won, to raise responsibility at audit
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AI & Enterprise
AI data centre grid code to be introduced this year; Cho Kyung-tae says exemptions needed for existing projects
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Finance
Lee Chan-jin says Mirae Asset SpaceX inspection to end this week
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Finance
Audit 2026: Lawmakers rap five big bank CEOs over hacking response, compensation and loan rates
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Telecommunications & Media
Unused mobile vouchers for internet sign-ups can reach 42 billion won a year
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Finance
Lawmakers criticise banks over interest rates, hacking, IT errors and governance questions at audit
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Finance
Lee Chan-jin says SK hynix Solidigm IPO may breach duplicate listing rules
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Telecommunications & Media
False, exaggerated ads in mobile market surge 74 percent; regulatory scope to widen
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Finance
NH reform pledge questioned as lawmakers press probe status on 14 misconduct allegations
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Telecommunications & Media
Broadcast Media Communications Commission approves nominations, appointments of six directors for KBS, BCJ and EBS
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Finance
Banking gaps in fund management, reverse mortgage processing spark calls for reform
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AI & Enterprise
KISA chief facing dismissal challenges audit findings, cites procedural flaws
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Crypto
Ruling party also pushes to delay digital asset income tax, plan for 2029 implementation