세종시가 지방비 부족으로 7월 발행 중단 위기에 놓인 지역화폐 '여민전'을 위해 국비를 미리 당겨 사용하는 방안을 검토 중이다. 당선인은 서비스 중단 없는 제공 의지를 밝혔으며, 인수위가 최종 결정을 내릴 예정이다.
Park No-byuk, former ambassador to Russia, has been appointed as the new chairman of the Sejong Foundation, which oversees the Sejong Institute, a leading foreign policy and security think tank in South Korea. The appointment was approved by the Ministry of Foreign Affairs.
Candidates for the Sejong mayoral election, Cho Sang-ho (Democratic Party) and Choi Min-ho (People Power Party), held their final rallies on June 2nd, the day before the main vote. Both candidates focused on quiet citizen engagement rather than large-scale rallies, possibly in consideration of the previous day's explosion at Hanwha Aerospace's Daejeon facility. Reform Party candidate Ha Heon-hwi also campaigned through walking rallies.
South Korea's March births rose 19.4% year-over-year to 25,200, the highest since March 2019, driven by a surge in marriages, with the total fertility rate increasing to 0.93, still below the 2.1 replacement rate.
South Korea eases customs regulations to allow U.S. crude oil routed through third countries to qualify for FTA benefits, aiming to stabilize supply amid Middle East tensions.
South Korea's second round of high-oil-price aid has seen an 82% application rate within 8 days. Combined with the first round, cumulative applicants are nearing 30 million, with over 5.3 trillion won disbursed. Sejong City has the highest application rate at 87.16%.
Candidates for Sejong mayor in the 6.3 local elections are prioritizing the "completion of the administrative capital" as their top pledge. Democratic Party's Cho Sang-ho proposes a self-sufficient city of 800,000 with industrial clusters, while People Power Party's Choi Min-ho focuses on youth housing and an AI innovation city.
Sejong City has launched an AI system nationwide for the first time to help citizens check documents for building landscape reviews, expecting to cut document revision requests from 70% to 30% and shorten processing time by 5 days.
South Korea's Fair Trade Commission launches on-site investigations into LG Chem, Hanwha Solutions, Aekyung Group, and OCI Co. for alleged price-fixing of PVC and plasticizers amid rising consumer prices due to the Middle East crisis.
South Korea's fiscal balance improved in Q1 2026 with a deficit of 39.4 trillion won, down 21.7 trillion won from Q1 2025, driven by robust tax revenue growth of 15.5 trillion won year-over-year.
South Korea plans emergency tariff-rate quota programs and stockpile releases to combat inflation driven by the Middle East crisis, with consumer prices rising 2.6% in April, the fastest in 21 months.
South Korea's government proposes a 5-year initiative to enhance shipbuilding competitiveness, investing in key technologies, AI-powered shipyards, autonomous vessels, and global market expansion amid geopolitical uncertainties.
Samsung Electronics and its labor union failed to reach a wage agreement, raising concerns over a major strike that could disrupt operations and impact the semiconductor supply chain
South Korea will launch an evaluation system in July to subsidize EV manufacturers based on their contributions to domestic supply chains, technology, sustainability, and safety, requiring at least 60 out of 100 points for eligibility.
SEOUL/SEJONG, May 13 (Yonhap) -- Samsung Electronics Co. and its labor union fai...
Samsung Electronics and its labor union failed to reach a wage agreement, raising concerns over a major strike that could disrupt operations and impact the semiconductor supply chain
Samsung Electronics' labor union and management failed to agree on performance-based bonuses after 17 hours of government-mediated talks, paving the way for a planned general strike starting May 21, which could disrupt semiconductor supply chains.
SEJONG, May 11 (Yonhap) -- Finance Minister Koo Yun-cheol said Monday the tempor...
SEJONG, May 11 (Yonhap) -- Finance Minister Koo Yun-cheol said Monday the tempor...
SEJONG, May 11 (Yonhap) -- South Korea's exports jumped 43.7 percent from a year...
SEJONG, May 11 (Yonhap) -- South Korea's exports jumped 43.7 percent from a year...
Finance Minister Koo Yun-cheol called for strengthening ASEAN+3 regional cooperation amid growing external economic uncertainty from the U.S.-Israeli war against Iran. Speaking at the 29th ASEAN+3 finance ministers meeting in Samarkand, Uzbekistan, Koo said the Middle East crisis poses a threat to South Korea's economy, highlighting the government's 26.2 trillion-won extra budget. He also chaired a trilateral meeting with China and Japan on downside economic risks.
SEJONG, April 27 (Yonhap) -- The end of the war between the United States and Ir...
SEJONG, April 27 (Yonhap) -- The end of the war between the United States and Ir...
