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Aug 28, 2024 | 
pulse.mk.co.kr | Kim Jung-hwan |Woo Je-yoon |Yoon Yeon-hae
By Kim Jung-hwan, Woo Je-yoon, and Yoon Yeon-haeThe South Korean government on Tuesday proposed a tight budget plan for next year, aiming to restrain spending amid rising national debt and concerns about tax revenue shortfalls. On Tuesday, the government held a Cabinet meeting presided over by President Yoon Suk Yeol and decided to increase next year’s spending by 3.2 percent from this year.
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May 25, 2024 | 
pulsenews.co.kr | Kim Jung-hwan |Woo Je-yoon |Oh Chan-jong |Yoon Yeon-hae
South Korean President Yoon Suk Yeol unveiled a 26 trillion won ($19 billion) support plan for the country's semiconductor industry on Thursday, as the global competition to attract high-tech industries intensifies.
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May 23, 2024 | 
mk.co.kr | Kim Jung-hwan |Woo Je-yoon |Oh Chan-jong |Yoon Yeon-hae
South Korean President Yoon Suk Yeol unveiled a 26 trillion won ($19 billion) support plan for the country’s semiconductor industry on Thursday, as the global competition to attract high-tech industries intensifies.
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May 21, 2024 | 
pulsenews.co.kr | Lee Dong-in |Woo Je-yoon |Lee Eun-joo
Ten countries, including South Korea, the United States, and the United Kingdom, and the European Union, on Tuesday adopted the Seoul Declaration at the AI Seoul Summit that took place virtually. Under the declaration, they committed to cooperate towards safe, innovative, and inclusive artificial intelligence (AI). The biggest achievement is the international consensus not only on AI safety due to its risks but also on innovation and inclusiveness.
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Mar 28, 2024 | 
pulsenews.co.kr | Kim Jung-hwan |Woo Je-yoon |Yoon Yeon-hae
The South Korean government will streamline 32 fees and charges that citizens are obligated to pay, but often unaware of, with an aim to reduce the monetary burden by 2 trillion won ($1.48 billion). Under the measures unveiled during an emergency ministerial meeting on economic affairs chaired by President Yoon Suk Yeol on Wednesday, the government will comprehensively overhaul 32 fees and charges for the first time since the enactment of the Framework Act on the Management of Charges in 2002.
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Mar 18, 2024 | 
mk.co.kr | Kim Jung-hwan |Woo Je-yoon |Chang Iou-chung
The South Korean government is acting to stabilize the soaring prices of agricultural products, and fruits in particular, with measures such as crackdowns on excessive price hikes aimed at profit in the distribution process and providing discount support. This decision comes as there are still no signs of price stabilization for these items even after the traditional peak during the annual Lunar New Year holiday.
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Mar 14, 2024 | 
pulsenews.co.kr | Lee Hee-jo |Woo Je-yoon |Yoon Yeon-hae
South Korean President Yoon Suk Yeol unveiled plans on Thursday to build a superhighway similar to Germany's Autobahn in South Jeolla Province as part of a measure to boost the region's economic development. "We will construct a superhighway such as that of Germany's Autobahn in the 47 kilometer section from Yeongam to Gwangju by spending approximately 2.6 trillion won ($1.97 billion)," Yoon said during a government-public debate on livelihood issues on Thursday.
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Feb 14, 2024 | 
pulsenews.co.kr | Woo Je-yoon |Han Yubin
South Korean President Yoon Suk Yeol called for tax incentives for companies that have developed solutions to the country's falling birth rates. The presidential office conveyed Yoon's positive stance on recent corporate moves aimed at addressing the declining birthrate. He urged relevant authorities to devise diverse support measures, such as tax benefits, to stimulate voluntary childbirth support efforts.
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Feb 14, 2024 | 
pulse.mk.co.kr | Woo Je-yoon |Han Yubin
South Korea’s Daewoong Pharmaceutical Co. announced Tuesday that its subsidiary in Indonesia, has won approval from the local health authority for its stem cell processing facility. The approval is expected to allow Daewoong Biologics Indonesia (DBI) to manufacture and process stem cells for distribution to hospitals, clinics, and other healthcare organizations.
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Dec 13, 2023 | 
pulsenews.co.kr | Woo Je-yoon |Chang Iou-chung
Samsung Electronics Co. and Dutch semiconductor equipment company ASML Holding N.V. agreed to jointly invest 1 trillion won ($758 million) in building a facility in South Korea to research next-generation extreme ultraviolet (EUV) lithography equipment technology during Korean President Yoon Suk Yeol's state visit to the Netherlands.
