The Korea Forest Service (Director Kim In-ho) announced on Nov. 20, that it held the ‘6th Korea-Canada Forest Cooperation Committee Meeting’ via video conference.The meeting was attended by Nam Song-hee, International Forest Cooperation Officer, as Korea’s chief representative, and Joyce Henry, Dire
The government and ruling party have decided to set the 2035 Nationally Determined Contribution (NDC) target at 53-61% compared to 2018 levels, much higher than the 48% reduction target originally proposed by the industrial sector. Critics point out that the new target is impossible to achieve witho
The government is establishing a new “National Scientist” system to secure science and technology talent by selecting outstanding researchers to provide 100 million won annually and have them participate in national policy formulation.Park In-kyu, director of the Science and Technology Innovation He
The government has proposed a new Nationally Determined Contribution (NDC) to cut greenhouse gas emissions by at least 50 percent from 2018 levels by 2035. The current NDC calls for a 40 percent reduction by 2030, meaning the goal will be raised by an additional 10 percentage points over the next de
As the government accelerates its artificial intelligence transformation (AX), the Ministry of the Interior and Safety (MOIS) will establish a new “Office of Artificial Intelligence Government.” Through this, the ministry aims to speed up AX initiatives in the public sector and ultimately build a “d
President Lee Jae Myung ordered a complete halt to government asset sales currently underway or under review on Nov. 3. This directive was delivered to all ministries and appears to stem from his assessment that systemic improvements are needed following revelations that state property was sold in b
The City of Busan announced on November 3 that Vietnamese President Vo Van Thuong made an official visit to Busan on November 1, after concluding his schedule at the Asia-Pacific Economic Cooperation (APEC) Summit in Gyeongju.During the official reception held at the ASEAN Culture House, Mayor Park
The number of marriages in Korea has reached an 8-year high, with the marriage rate, considered a leading indicator of birth rate recovery, continuing its upward trend. The number of births in August also increased by 3.8%, reaching a 3-year high, raising expectations for alleviating the low birth r
Income mobility in Korean society has continued to decline for the third year due to the impact of an aging population. Only about 2 in 10 citizens experienced an increase in income leading to upward class mobility over the past year. Concerns are being raised about the potential collapse of the soc
It has been revealed that 149 professors at the Korea Advanced Institute of Science and Technology (KAIST) received talent recruitment proposals from the Chinese government.According to data submitted by KAIST to Rep. Choi Soo-jin of the People Power Party, a member of the National Assembly’s Scienc
Seven counties, including Yeoncheon in Gyeonggi Province, Jeongseon in Gangwon Province, Cheongyang in South Chungcheong Province, Sunchang in North Jeolla Province, Shinan in South Jeolla Province, Yeongyang in North Gyeongsang Province, and Namhae in South Gyeongsang Province, have been selected a
The government has decided to put the current real estate tax system under scrutiny. Under the basic principle of increasing the burden of property holding tax and lowering the capital gains tax to stimulate real estate transactions, they also plan to introduce measures to address the so-called “one
The government has designated the entire Seoul area as a regulated zone, including Land Transaction Permit Zones, Speculative Overheating Zones, and Areas Subject to Adjustment, in an effort to curb rising real estate prices. Consequently, the loan-to-value (LTV) ratio for individuals without a home
The average sale price of small 59㎡ apartments in Seoul has exceeded 10 billion won for the first time this year. In Seocho-gu and Gangnam-gu, the average price surpassed 20 billion won.According to an analysis of the Ministry of Land, Infrastructure and Transport’s actual transaction price data by
As real estate prices are once again rising, particularly in Seoul’s Han River belt area, financial authorities are considering strengthening the debt service ratio (DSR) regulations. However, market experts warn that loan regulations alone have clear limitations in suppressing the real estate marke
As the low birth rate and aging population phenomenon accelerates, the elderly population aged 70 and above surpassed the population in their 20s last year. This is the first occurrence since the population census began in 1925. Considering the recent difficulties in employment conditions for those
The Incheon Free Economic Zone Authority (IFEZ) announced on Oct. 12 that it has achieved $553.5 million in foreign direct investment (FDI) declarations for the third quarter of 2025.This fulfills 92.3% of this year’s target ($600 million), with quarterly declaration amounts recorded at $309.61 mill
As apartment prices in Seoul show a sharp increase, particularly in the Han River belt area, the Ministry of Economy and Finance (MOEF), the control tower of economic policy, finds itself in a dilemma. This centers around the property tax increase card, considered one of the most effective measures
The government is considering institutionalizing urban homestays (shared accommodation), previously only allowed for foreigners, to be available for domestic use as well. To encourage foreign tourists to visit local regions, two super-wide tourism zones connecting gateway cities with tourism resourc
The government and the ruling Democratic Party have decided to fundamentally abolish the crime of breach of trust under the Criminal Act, which has been criticized for inhibiting normal corporate management activities, and to prepare alternative legislation. They plan to introduce an exemption claus
