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South Korea Accelerates Relocation of Government Agencies From Seoul to Sejong
Politicsbloomberghotnewsstraits-times+4japan-timesKorea Heraldchannel-news-asiayonhap-english6d ago7 sources

South Korea Accelerates Relocation of Government Agencies From Seoul to Sejong

The South Korean government announced plans to begin relocating remaining central administrative agencies from Seoul to the administrative capital of Sejong starting in 2027. The move aims to decentralize power and will include establishing a presidential office in Sejong by 2029.

South Korea Proposes Record 821 Trillion Won Budget for 2027
BusinessReutersbloombergSCMP+3Korea Heraldchannel-news-asiayonhap-english8d ago6 sources

South Korea Proposes Record 821 Trillion Won Budget for 2027

The South Korean government has unveiled a historic 821 trillion won budget for fiscal year 2027, largely funded by windfall taxes from the booming semiconductor industry. The spending plan prioritizes defense modernization, AI development, and sustainable economic growth initiatives.

South Korea Appoints Six New Ministers in Major Cabinet Reshuffle
PoliticsReutersbloombergstraits-times+3Korea Heraldyonhap-englishstar-malaysia10d ago6 sources

South Korea Appoints Six New Ministers in Major Cabinet Reshuffle

The South Korean government has nominated six new cabinet members, including veteran technocrat Lee Hyoung-il as finance chief and a new defense minister, as part of a sweeping administrative overhaul aimed at strengthening economic and security policy leadership.

South Korea Selects Muan County for Gwangju Air Base Relocation
PoliticsKorea Heraldyonhap-english12d ago2 sources

South Korea Selects Muan County for Gwangju Air Base Relocation

The South Korean government has officially designated Muan County as the preferred site for relocating the Gwangju Air Base. The decision aims to optimize regional defense capabilities while addressing long-standing operational constraints at the current location.

South Korea Considers New Agency for Youth Policy
PoliticsKorea Herald1mo ago

South Korea Considers New Agency for Youth Policy

The South Korean government is exploring the establishment of a dedicated agency to focus exclusively on youth policies, aiming to implement measures that directly address the needs of younger generations.

South Korea to Streamline Semiconductor Equipment Imports
BusinessKorea Herald3mo ago

South Korea to Streamline Semiconductor Equipment Imports

The South Korean government plans to streamline import procedures for key semiconductor manufacturing equipment, such as extreme ultraviolet (EUV) machines, to support the nation's booming chip industry and maintain its global competitiveness.

PM to visit US, Switzerland in bid to host 'UN AI hub'
PoliticsKorea Herald6mo ago

PM to visit US, Switzerland in bid to host 'UN AI hub'

Prime Minister Kim Min-seok will travel to the United States and Switzerland later this week as South Korea launches its bid to host a platform for the United Nations bodies dedicated to artificial intelligence, which could collaborate with the South Korean government or private-sector companies. South Korea aims to secure a joint project with the UN and share necessary AI infrastructure through the launch of an "UN AI hub," Kim said in a meeting at the Government Complex Seoul on Tuesday. He ca

HD Hyundai chair highlights Korea-Philippines ties during Manila visit
WorldKorea Herald6mo ago

HD Hyundai chair highlights Korea-Philippines ties during Manila visit

HD Hyundai Chair Chung Ki-sun visited the Philippines this week as part of the South Korean government’s economic mission, paying tribute to Korean War veterans, attending a bilateral business forum and inspecting the group’s shipyard operations in Subic Bay. On Wednesday, Chung visited Libingan ng mga Bayani, the national cemetery in Manila, where he laid flowers at the Korean War Memorial Pylon. The Philippines was the first Asian country to dispatch combat troops during the Korean War, sendin

South Korean Government Unveils Sweeping Cabinet Reshuffle
Politicsfazyonhap-english9d ago2 sources

South Korean Government Unveils Sweeping Cabinet Reshuffle

South Korean officials have announced a major cabinet restructuring aimed at revitalizing governance and addressing pressing domestic challenges. Domestic editorials and international observers view the move as a strategic effort to consolidate political support and improve administrative efficiency.

Nexon Launches W250 Billion Investment for Global Game IP
BusinessKorea Herald20d ago

Nexon Launches W250 Billion Investment for Global Game IP

Nexon announced a 250 billion won ($179 million) investment program, in collaboration with the Korean government and Kona Venture Partners, to discover promising intellectual properties in the gaming space and support emerging developers.

South Korea WGBI Entry Boosts Foreign Bond Demand
BusinessKorea Heraldyonhap-english4mo ago2 sources

South Korea WGBI Entry Boosts Foreign Bond Demand

South Korea's inclusion in the World Government Bond Index (WGBI) has resulted in a notable increase in foreign demand and holdings of its government bonds. This development reflects growing international investor confidence in the nation's financial market.