The water management fund project, which invests over 1 trillion won for the purpose of managing water quality in the Four Major Rivers, has shown signs of poor operation. The project to create an ecological belt by the water was pushed forward without going through the agricultural land conversion ...
South Korea and Japan's tax authorities have decided to strengthen cooperation in collecting taxes from individuals who have evaded large taxes and concealed assets overseas. On the 15th, Administrator Kang Min-soo of the National Tax Service and Commissioner Tetsuo Oku of the National Tax Agency of...
Shin Sang-mok, the Deputy Prime Minister and Minister of Economy and Finance, and Scott Vessent, the U.S. Secretary of the Treasury, are expected to meet next week in the United States to discuss trade issues, the Ministry of Economy and Finance announced on 16th. Kang Young-kyu, the Spokesperson fo...
South Korea and the United States are expected to sit at the trade negotiation table next week. It has been confirmed that the preliminary 'first video conference on Alaskan liquefied natural gas (LNG)' was held on the morning of the 15th. The South Korea-U.S. sides exchanged the overview of the Ala...
The export path for our rice to New Zealand is expected to widen. The Ministry of Agriculture, Food and Rural Affairs announced on the 15th that it has become possible to export packaged rice weighing 25 kg or less without the submission of a phytosanitary certificate. Until now, exporting domestic ...
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok said on the 15th regarding the formation of the supplementary budget bill, "We will organize it at 12 trillion won, which is about 2 trillion won more than the initially mentioned size of 10 trillion won." Deputy Prime Minister ...
Small and medium-sized corporations in the semiconductor materials, parts, and equipment sector can receive up to 50% of their investment back as investment subsidies if they make new investments in their facilities or locations. The government has decided to invest 20 trillion won out of a 50 trill...
Starting in 2026, the 'Extended Producer Responsibility System (EPR)' will expand its coverage from 50 types of existing large home appliances to include all electric and electronic products, including wireless earbuds and portable fans. The Ministry of Environment noted on the 14th that it approved...
On the 11th, the government held a meeting of Inspectors General of central administrative agencies, chaired by Bang Gi-sun, head of the Office for Government Policy Coordination, at the Seoul Government Complex, discussing key initiatives to be pursued until the presidential election scheduled for ...
From April 1 to April 10, South Korea's exports amounted to $18.6 billion, an increase of 13.7% compared to the same period last year. The rise in working days and the strong exports of semiconductors and automobiles contributed to the increase in exports. According to the tariff office on the 11th,...
