Search results for Yangcheon
Telecommunications & Media
Draft enforcement decree for false, manipulated information law released; platforms like YouTube, Naver, Coupang in scope
The Broadcasting and Media Communications Commission released a draft enforcement decree for the revised Information and Communications Network Act, set to take effect on July 7. The draft would require self-regulation by platforms with 1 million or more daily active users over the prior three months and apply punitive damages to profit channels meeting specified posting, revenue and audience thresholds. It also covers open markets, delivery apps and open chat rooms.
Telecommunications & Media
Ko Kwang-heon takes office as Bangmisim chair, pledges normalisation and trust recovery
The Broadcasting Media and Communications Review Committee said on Wednesday it held an inauguration ceremony for its new chair, Ko Kwang-heon, in Seoul. Ko said normalising the committee and restoring public trust would be his top priorities. He pledged to review past problems objectively, identify responsibility and causes, and correct distorted systems and procedures. He also promised independent deliberations, transparent disclosure of results and personnel reform, as well as faster responses to illegal content.
Finance
Woori Asset Trust named project operator for Mokdong 1 complex redevelopment
Woori Asset Trust said on Wednesday it has been designated as the project operator for the redevelopment of Mokdong 1 complex in Seoul’s Yangcheon district. The district designated the firm under the Urban and Residential Environment Improvement Act and publicly announced it. Seoul recently designated and announced Mokdong complexes 1 to 3 as redevelopment zones and confirmed a plan that includes a higher floor-area ratio and expanded public facilities.