Following the unprecedented passage of a 'reduction budget' at the end of last year, the 'supplementary budget' that had been mired in controversy will eventually be pursued in light of a 'large forest fire.' This supplementary budget is the second under the current government, following the first s...
The government is pushing for a supplementary budget of 10 trillion won. It is proposing a supplementary budget that encompasses essential funding for disaster and disaster response to address the recent large-scale wildfires in the Gyeongsang region, strengthening competitiveness in trade and artif...
In the wake of large wildfires in the Gyeongsang region, damage to local specialties such as Uiseong garlic and Cheongsong apples is inevitable. Minister Song Mi-ryeong of the Ministry of Agriculture, Food and Rural Affairs visited orchards and livestock farms in Uiseong County, North Gyeongsang Pro...
The Ministers of Economy and Trade of South Korea and Japan agreed to work towards deriving concrete cooperation outcomes in key areas such as advanced industries, hydrogen and new energy, and supply chains for critical minerals, marking the 60th anniversary of the normalization of diplomatic relati...
Hann Healthcare, a manufacturer and seller of the pediatric cranial correction medical device brand "Hanni Helmet," has come under scrutiny from the Fair Trade Commission for deploying employees disguised as consumers to write promotional posts. The Fair Trade Commission announced on the 30th that i...
China suggested to South Korea that both Korea and China are beneficiaries of the global free trade order and proposed to jointly safeguard the 'multilateral trading system' through economic integration, such as pursuing the Korea-China and Korea-China-Japan free trade agreements (FTAs). This is int...
The Ministers of Trade from South Korea, Japan, and China met in Seoul and agreed to continue cooperation in the economic and trade sectors. This marks the first Ministerial meeting of the three countries in six years since the last gathering in Beijing, China, in 2019, and it has been a decade sinc...
The ministers of trade from Korea and China have agreed to continue economic cooperation that benefits both sides amid changes in the global trade environment, meeting for the first time in about a year. According to the Ministry of Trade, Industry and Energy on the 30th, Minister Anduk Geun noted t...
As the impeachment ruling of President Yoon Suk-yeol is delayed and the tariff risk from the U.S. increases, the premium of the Credit Default Swap (CDS) in South Korea is bouncing back. The CDS premium is an indicator of external creditworthiness, rising when the credit risk of the issuing country ...
U.S. President Donald Trump has announced a 25% tariff on steel and automobiles and is imposing reciprocal tariffs that will disrupt the global trade order on the 2nd of next month, while our government is also focusing on negotiations with the U.S. The government aims to apply a lower tariff rate c...
