Economic Policy & Trends
Jemulpo-gu District Applies for Designation as ‘Preemptive Response Region for Industrial Crisis’ to Address Steel Industry Downturn
Jemulpo-gu District (Mayor Kim Chan-jin) and the Incheon Metropolitan City government officially submitted an application to the Ministry of Trade, Industry and Energy on the 21st, requesting that the district's…
Incheon City Holds First Fiscal Strategy Meeting, Signals ‘Belt-Tightening’ Austerity
The Incheon Metropolitan Government held its first fiscal strategy meeting since the launch of the Park Chan-dae administration to discuss the direction of its budget planning for fiscal 2027.…
Life After PBS Abolition… Vice Minister Koo Hyuk-chae of MSIT Strengthens Communication with Research Community
Koo Hyuk-chae, First Vice Minister of the Ministry of Science and ICT (MSIT; Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon), attended a labor-management communication workshop…
Incheon Holds Investment Briefing for Overseas Korean Business Leaders in Tandem with World Korean Business Convention
The Incheon Metropolitan Government (Mayor Park Chan-dae) will host the 2026 Incheon Metropolitan City Investment Briefing at 11 a.m. on September 30 in the Premier Ballroom of Songdo Convensia,…
Policy Finance to Sharply Expand Support for Early-Stage Startups and Small Businesses
The Financial Services Commission (FSC) held an event on September 21 at the Industrial Bank of Korea to sign a memorandum of understanding (MOU) aimed at helping early-stage innovative…
South Korea Sets 2027 Minimum Wage at 10,700 Won per Hour
South Korea has set its minimum wage for 2027 at 10,700 won per hour, an increase of 380 won from this year.The Ministry of Employment and Labor finalized and announced…
Second Application Window for Youth Future Savings Opens on October 7
The Financial Services Commission, the Korea Inclusive Finance Agency and other related institutions will begin accepting applications for the second enrollment window of the Youth Future Savings program on…
Incheon to Hold 2026 Tourism Souvenir Competition, Entries Open Oct. 12
The Incheon Metropolitan Government (Mayor Park Chan-dae) is holding the 2026 Incheon Tourism Souvenir Competition to discover flagship tourism souvenirs that capture the region's history and culture, with entries…
Yeongjong-gu Runs ‘Village Tax Accountant’ Program Through Pro Bono Service, Offering Free National and Local Tax Consultations
Yeongjong-gu District (Mayor Son Hwa-jeong) of Incheon said on the 15th that it is operating the "Village Tax Accountant" program, which provides residents with free tax consultations based on the…
Incheon City Presses at National Assembly for Additional 93.9 Billion Won in State Funding
Incheon Metropolitan City (Mayor Park Chan-dae) visited the National Assembly on September 14 and formally launched efforts to secure an additional 93.9 billion won in state funding for major…
