Economic Policy & Trends
August ICT Exports Hit 59.98 Billion USD, Setting New Record and Approaching 60 Billion
South Korea's information and communications technology (ICT) exports reached 59.98 billion USD in August this year, approaching the 60 billion mark and surpassing the previous all-time high. The trade…
Samsung Electronics to Transplant Fab Operation Expertise into Public Nano-Fabs
The Ministry of Science and ICT (Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon) announced that it will hold the 'Samsung Electronics-National NanoFab Center Public Nano-Fab…
Jemulpo-gu District Levies 35.8 Billion Won in September Property Tax
Incheon's Jemulpo-gu District (Mayor Kim Chan-jin) has levied a total of 35.8 billion won in property tax for the regular September 2026 installment. Because this year's assessment date falls before…
Chuseok Farm and Livestock Discount Support Expanded to 149 Billion Won, Cuts of Up to 70%
The Ministry of Agriculture, Food and Rural Affairs (Minister Song Mi-ryung) is expanding its farm and livestock discount support to 149 billion won, roughly three times larger than last…
Jemulpo-gu District Launches Local Tax Review Committee, Appoints 14 Experts
Jemulpo-gu District in Incheon (Mayor Kim Chan-jin) has newly formed an advisory body aimed at enhancing the fairness and expertise of local tax administration. The district announced on the 9th…
Incheon City Signs ‘Local Construction Win-Win Agreement’ Tied to Incheon-daero Surface Conversion Project
Incheon Metropolitan City is turning a large-scale public construction project worth some 800 billion won into a lever for revitalizing the regional economy. On the 7th, in the main…
Incheon Tops 7 Trillion Won in State Funding for Next Year — Largest on Record
Incheon Metropolitan City has secured 7.0863 trillion won in national funding under the central government's budget proposal for next year, breaking into the 7-trillion-won range for the first time…
Science Ministry Begins First Review of Large-Scale ‘Infrastructure-Type R&D Projects’
The Ministry of Science and ICT (Deputy Prime Minister and Minister Bae Kyung-hoon) convened the first review committee for infrastructure-type research and development projects on September 4 and selected…
Incheon Inner Harbor Piers 1 and 8: Main Maritime Court Building Seen as Key to Redevelopment
Analysts say the success or failure of the redevelopment project at Piers 1 and 8 of Incheon's inner harbor hinges on whether the main headquarters of the Maritime and Commercial…
Government Sets R&D Budget at 39.5 Trillion Won…Double-Digit Growth for Two Straight Years
The government has set its research and development (R&D) budget for 2027 at 39.5 trillion won. Up 11.2 percent (4.0 trillion won) from this year, it marks a double-digit…
