Government Initiatives to Expand New Industries and Services: From Patrol Robots to Foreign Currency Exchange
In future, a legal basis will be established for the use of patrol robots in frontline police stations. A new type of road driving training service will also be created for people with driving licences. During the first half of the year, travelers will be able to exchange foreign currency abroad through ‘Travel Pay’. The […]
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Prices of Lunar New Year Products 3.2% Lower Than Last Year Due to Government Intervention
Before the Lunar New Year, the average price of 16 Lunar New Year products is 3.2% lower than the same period last year, but the prices of apples and pears show strong results due to the continuing impact of last year’s poor harvest. Accordingly, the government will supply 44,000 tons of apples and pears for […]
Government Announces 2024 Policy Funding Support Plan for Small and Medium-Sized Businesses and Business Owners
This year, 5 trillion won in policy funds will be provided to small and medium-sized businesses and 3.7 trillion won in policy funds for small business owners. On the 4th, the Ministry of Small and Medium Businesses and Startups announced the 2024 policy funding support plan for small and medium enterprises and small business owners […]
52 Hour Working Week Policy: Government’s Plan for Reform and Improvement Based on Public Opinion
Government to Reform Working Hours Based on Survey Results and Public Opinion The policy direction has been established by the government after consulting with 6,030 individuals from labor, management, and the public. Despite the widespread implementation of the 52-hour working week system, certain industries and occupations are facing challenges. According to the survey results, 48.2% […]
Improving Transparency in Advertising Deposit-Type Products: Displaying Base and Maximum Interest Rates
Financial Authorities Introduce New Guidelines for Advertising Deposit Products In a bid to improve transparency and protect consumers, financial authorities have announced new guidelines for advertising interest rates on deposit-type products. Displaying Maximum and Base Interest Rates Under the new guidelines, financial institutions will be required to prominently display both the maximum and base interest […]
The Journey of Korea: From Independence to Freedom, Peace, and Prosperity
Independence Movement: A National Founding Movement In our quest for freedom, we embarked on a remarkable journey – an independence movement that aimed to create a free democratic nation, one that values freedom, human rights, and the rule of law. This movement not only resulted in the preservation of a free Republic of Korea but […]
Financial Authorities Step in to Provide Relief for Flood-Impacted Households and Businesses
Financial Authorities Provide Assistance to Flood-Impacted Households and Businesses In the wake of torrential rainfall wreaking havoc nationwide, financial authorities have stepped forward to offer aid to households and small to medium-sized businesses that have suffered damage. Support Plan The Financial Services Commission (FSC) announced on the 17th that it has devised a comprehensive assistance […]
President Yoon Seok-yeol Expands Korea-NATO Cooperation and Strengthens International Security Unity
President Yoon Seok-yeol Enhances International Security Cooperation at AP4 Summit and NATO Summit President Yoon Seok-yeol, on July 12, emphasized the importance of international security cooperation at the AP4 Summit and proposed expanding Korea-NATO cooperation during his speech at the NATO Summit. Following these events, bilateral discussions were held with leaders from five countries to […]
