Lee Jae-myung Government Nominates First Ambassadors to the U.S. and Japan
President Lee Jae-myung has made his first major diplomatic appointments since taking office, reportedly nominating former Foreign Minister Kang Kyung-wha
Read More
Economy&Business
South Korea and Vietnam Pledge to Boost Cooperation, Set $150 Billion Trade Goal by 2030
President Lee Jae-myung announced on the 11th that South Korea and Vietnam, marking the 10th anniversary of their Free Trade
Read More
Helping companies achieve true growth… Discussions on improving support for the biohealth sector
The Ministry of Economy and Finance announced on the 8th that it held a relay meeting at the Osong Advanced
Read More
Minimum wage in 2026: 13,200 won per hour
The minimum wage for 2026 has been set at 10,320 won per hour, a 2.9% increase from this year. This
Read More
The Korea Customs Service plans to expand tax support to small businesses and innovative SMEs.
The Korea Customs Service (KCS) recently announced that it will expand tax incentives, effective August 1, to alleviate the financial
Read More
South Korea: “Tariff Negotiations with the US Reached Agreement”
President Lee Jae-myung announced on Facebook on the 31st, “We have concluded tariff negotiations with the United States,” adding, “We
Read More
Financial sector, moving away from interest business to ‘invest in cutting-edge industries and support small business owners’
Financial authorities and the financial sector have agreed to shift their focus from real estate financing and secured and guaranteed
Read More
Fostering the ‘K-content’ sector using AI… 2nd supplementary budget of 21 billion won
The Ministry of Culture, Sports and Tourism is fostering the entire ‘K-content’ industry utilizing artificial intelligence (AI) technology. The Ministry
Read More
Economic leaders visit U.S., do their best in tariff negotiations… “Towards maximizing national interests”
Economic leaders visit U.S., do their best in tariff negotiations… “Towards maximizing national interests” The Ministry of Trade, Industry and
Read More
First investment subsidies worth 130 billion won to small-scale companies in high-tech industries
This year, for the first time, we will provide investment subsidies to help advance the technology of cutting-edge industries such
Read More