Economy
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…
Ongjin County supplies 57,000 quality kimchi cabbage seedlings in Baengnyeong-myeon
Ongjin-gun County (Governor Jang Jeong-min) announced that it will supply a total of 57,000 quality kimchi cabbage seedlings, produced at a certified nursery in Baengnyeong-myeon, to local farming households from…
Government Freezes 9th Petroleum Price Cap for Four Weeks… Gasoline Held at 1,784 Won
The Ministry of Trade, Industry and Energy (Minister Kim Jung-kwan) announced on August 22 that it will freeze the 9th petroleum maximum price, effective for four weeks from midnight…
Defense Sector Accelerates Adoption of ‘Physical AI’ and Robots… Ministry of Trade, Army and Hyundai Motor Group Join Hands
The Ministry of Trade, Industry and Energy (Minister Kim Jung-kwan), the Republic of Korea Army and Hyundai Motor Group have agreed to apply 'Physical Artificial Intelligence (AI)', one of…
Incheon Signs Three ‘Virtuous-Cycle Shared Growth’ Agreements with Hana Bank, Hana Securities and KIBO
The city of Incheon has joined hands with Hana Bank, Hana Securities and the Korea Technology Finance Corporation (KIBO) to sign three business agreements covering local small merchants, promising…
July ICT Exports Reach US$53.36 Billion, a Record High for Any July
In July 2026, South Korea's information and communications technology (ICT) exports reached US$53.36 billion, the largest figure ever recorded for the month of July. Imports stood at US$18.30 billion,…
Incheon Rewards Contributors to Foreign Investment Attraction… Citizens and Public Officials Eligible
The Incheon Metropolitan Government will pay performance bonuses to citizens and public officials who have contributed to attracting foreign investment. The measure aims to boost participation by offering tangible…
AI and Digital Assets Era: Searching for the Key to New Blockchain Markets
The Ministry of Science and ICT (MSIT, Deputy Prime Minister and Minister Bae Kyung-hoon) announced that it held a regular seminar of ABLE, the Alliance of Blockchain Leading digital-Economy…
Nam Young-hee, Incheon Vice Mayor for Political Affairs, Inspects Homeplus Guwol Branch… Pledges Support for Employment and Commercial District Stability
The Incheon Metropolitan Government announced that Nam Young-hee, Vice Mayor for Global City and Political Affairs, visited the Homeplus Guwol branch on August 13 to inspect the reopening of…
Ongjin County releases 300,000 rockfish fry off Jangbong Island
Ongjin County (Governor Jang Jeong-min) announced that it released 300,000 rockfish fry into coastal waters off Jangbong Island on Aug. 13 to boost fishermen's incomes and restore marine resources. [The Korean…
