Minimum wage in 2026: 13,200 won per hour
The minimum wage for 2026 has been set at 10,320 won per hour, a 2.9% increase from this year. This
Read More
Latest
Temporary visa-free entry for Chinese group tourists expected to boost domestic demand
Temporary visa-free entry for Chinese group tourists will be permitted from September 29th until the end of June 2026. The
Read More
The Korea Customs Service plans to expand tax support to small businesses and innovative SMEs.
The Korea Customs Service (KCS) recently announced that it will expand tax incentives, effective August 1, to alleviate the financial
Read More
South Korea: “Tariff Negotiations with the US Reached Agreement”
President Lee Jae-myung announced on Facebook on the 31st, “We have concluded tariff negotiations with the United States,” adding, “We
Read More
2030 Arctic Ocean Expansion Plan… “Beginning the Arctic Route Development”
The Ministry of Oceans and Fisheries plans to deploy a next-generation icebreaking research vessel to the Arctic by 2030, enabling
Read More
Financial sector, moving away from interest business to ‘invest in cutting-edge industries and support small business owners’
Financial authorities and the financial sector have agreed to shift their focus from real estate financing and secured and guaranteed
Read More
Fostering the ‘K-content’ sector using AI… 2nd supplementary budget of 21 billion won
The Ministry of Culture, Sports and Tourism is fostering the entire ‘K-content’ industry utilizing artificial intelligence (AI) technology. The Ministry
Read More
Economic leaders visit U.S., do their best in tariff negotiations… “Towards maximizing national interests”
Economic leaders visit U.S., do their best in tariff negotiations… “Towards maximizing national interests” The Ministry of Trade, Industry and
Read More
First investment subsidies worth 130 billion won to small-scale companies in high-tech industries
This year, for the first time, we will provide investment subsidies to help advance the technology of cutting-edge industries such
Read More
Residents affected by heavy rain: “Practical damage recovery and relief support”
Spokesperson Kang Yoo-jung announced in a briefing that the president personally visited Sancheong-gun, Gyeongnam, which suffered significant damage from record-breaking
Read More