Foreign tourist arrivals to South Korea rose 21.5% to 17.11 million from January to September this year, but the "era of 30 million arrivals" declared by the government in February remains only as the phrase "early realization," without a target year. The Ministry of Culture, Sports and Tourism stat
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On October 23, the Financial Services Commission gave advance notice of a proposed amendment to supervisory regulations establishing new loan limits for credit card and capital companies of 30% each for the real estate and construction sectors, and a combined 50% ceiling including project financing
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On October 23, the government announced at the Regulatory Rationalization Committee that it would abolish, exempt, or simplify 2,756 (54.9%) of 5,021 administrative documents for startup companies. The reduction figures included documents already covered under the existing administrative information
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The government is projected to fall short of its annual target of 270,000 units this year, a goal it pledged under a plan to break ground on 1.35 million homes in the capital area from 2026 to 2030. At its first regular housing supply briefing on Oct. 16, the Office for Government Policy Coordinatio
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On the 30th of last month, the National Assembly Budget Office projected the potential growth rate at 2.2% in 2026 and an annual average of 2.3% from 2026 to 2030, stating that it is "expected to remain at the same level as before." At a senior aides meeting on the 22nd, President Lee Jae-myung cite
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The Mega-Regional Special Zone Act (formerly tentatively named the Special Act on Mega Special Zones), which the government pledged in April to "enact within the year," was only submitted to the National Assembly on October 20 as a bill sponsored by Representative Park Sang-hyuk. On October 23, the
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The Ministry of National Defense once again proposed inter-Korean military talks to North Korea on the 23rd. The North has not responded for 340 days to the proposal for talks issued on November 17, 2025, under the name of the same deputy minister. In the meantime, soldiers were injured on September
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A working hours exemption for core semiconductor research and development (R&D) personnel remained an item "under review" in the government's regulatory rationalization plan on October 23. Its scope of application was narrowed to special zones being pursued for designation in the first half of next
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On the 23rd, the Trade Commission of the Ministry of Trade, Industry and Energy made a final determination of dumping and injury to the domestic industry regarding Chinese cold-rolled galvanized steel, recommending to the Minister of Economy and Finance anti-dumping duties of 22.34% to 33.67% for fi
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After hacks on telecoms, finance and government, Seoul said last October it planned security disclosure for all listed firms 'from the first half of next year.' It starts only in January 2027, 2029 for small firms. Only 40 of 773 disclosers were verified; refusal fines top out at 10 million won.
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A pension law amendment barring foreigners' deferred payments took effect on the 20th but spares those who already paid. President Lee said that day 'action is needed' on them. Reciprocity covers deferred payments for the first time; payer numbers and amounts are undisclosed.
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First move-ins at Incheon Gyeyang, the first third-generation new town, are set for December 2026, at least a year after the 2025 outlook given in 2021. Future residents sought faster transport measures. At Gyeyang, his old constituency, President Lee blamed a 2022-2025 permit drop for a supply gap.
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A public housing project at Seoul's Dongja-dong jjokbang village, promised in 2021 for 2026 move-in, got district designation after five years and eight months; move-in slipped six years to 2032. Public rental fell from 1,250 households to 1,000 units. The president urged a 'supply blitz' that day.
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Non-regular workers rose by 103,000 in the year to August, 91% of the rise in wage workers; their monthly pay gap with regular workers hit 1.94 million won. Relative pay excluding part-timers, a 'record high' per the labor ministry, fell from 78.0% to 76.5%; an equal-pay roadmap slipped to December.
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The U.S. Energy Department must issue rules blocking foreign battery storage and other grid equipment by December 24. China's lithium battery export control suspension is set to expire November 10. Of LG Energy Solution's 756 billion won Q3 operating profit, 416.9 billion won was U.S. tax credits.
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A year after Korean regulators pledged a sector-wide review over the Lotte Card leak, 16 financial firms including four banks were hacked and about 100,000 records leaked; 130 of 555 firms reported gaps. The FSC's new plan on the 14th sets no deadlines and does not mention 'compensation.'
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The Financial Services Commission said on Oct. 19 that 688,000 applied in round two of Youth Future Savings, under a third of round one's 2.343 million, when 796,000 failed screening, over half on consent or documents. A 1.7 trillion won budget plan sets no target number.
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South Korea's land ministry on Oct. 20 rebutted Seoul's claim of 'wasting six months' over missing rebar at GTX-A's Samseong Station and is weighing an indemnity claim against the city within the year. No reinforcement method has been set, and nonstop Seoul-Suseo service was put off in May.
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The NIS caught 107 overseas industrial tech leaks in five years, and the IP ministry says about 70% went to China. Yet the trade ministry's six tasks of Oct. 19 name neither China nor the espionage criteria sought in the parliamentary audit. On penalties, with prison in 6.2% of cases, it offered "p…
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People Power Party members of the National Assembly's Climate, Energy, Environment and Labor Committee walked out of the October 19 energy-sector audit after demanding Samsung and SK witnesses on the Honam semiconductor project. The morning session ended without lawmakers' questions, and the…
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President Lee Jae-myung approved the appointment of Kim Ji-yong, nominee for the first head of the Serious Crimes Investigation Agency, on the 15th. Kang Yoo-jung, senior presidential spokesperson, said in a written press notice at around 19:20 that afternoon, "President Lee Jae-
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The National Assembly Science, ICT, Broadcasting and Communications Committee's parliamentary audit of KBS and other public broadcasters on the 16th adjourned automatically after only 4 of its 18 members had finished questioning (according to Yonhap News's comprehensive report on
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Kim Min-seok, leader of the Democratic Party of Korea, said on the 16th regarding the issue of impeaching Chief Justice Cho Hee-dae, "On impeachment, broad demands have already been coming out, so you can see it as us having begun discussions with all methods and every path on th
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North Korea's state-run Korean Central News Agency reported on October 15 that the country's Missile Administration had test-launched "two types of submarine-launched strategic cruise missiles" in the East Sea on the previous day, the 14th. According to the agency, the test was o
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In South Korea, both the September youth unemployment rate and prices rose. According to the Ministry of Data and Statistics, the unemployment rate for young people aged 15-29 was 5.4%, up 0.6 percentage points from a year earlier, and the consumer price index for September also
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The 36th U.S.-Korea Business Council general meeting was held at FKI Tower in Yeouido, Seoul, on October 15. Foreign Minister Cho Hyun gave a keynote speech at the luncheon. The full text of the speech was not released. Only a Ministry of Foreign Affairs summary was released. Pre
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No date has been announced for creating a Marine Corps operations command. No date has been announced for promoting Marine Corps officers to general. The Ministry of National Defense said both items remain under review. Other dates have been announced. Operational control of the
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The date of this year's Security Consultative Meeting (SCM) has not been announced. No document stating this year's joint evaluation results has been released. Gen. Xavier Brunson said on October 14 that conditions have changed and new standards apply. The Ministry of National De
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