Korea’s Ministry of Land, Infrastructure and Transport is revising the Building Sale Act Enforcement Decree.
The changes aim to reduce unnecessary contract cancellation disputes and improve contract stability for buyers.
The draft amendment is open for public comment for 40 days starting July 3, 2024.
South Korea and France have signed a Memorandum of Understanding to expand cooperation in veteran honors and memorial activities.
The agreement builds on previous collaboration, focusing on record sharing, veteran recognition, and educational exchanges.
The MOU was signed on April 2, 2024, during the 140th anniversary of diplomatic relations and the 75th anniversary of the Battle of Chipyong-ni.
South Korea marked the 78th anniversary of the Jeju 4·3 Incident with a national memorial and policy commitments.
New legislative actions aim to restore honor and rights for victims and their families.
The commemoration and reforms are ongoing, with government and public engagement in 2024.
South Korea has introduced temporary regulatory measures to mitigate supply chain bottlenecks caused by the prolonged Middle East conflict.
Key changes include simplified customs procedures and exemptions for increased shipping costs from the region.
The new policies were discussed and implemented following an emergency economic meeting on June 3.
The Korean government is implementing urgent support for auto exporters affected by Middle East conflict-related logistics challenges.
Key measures include emergency logistics vouchers, expanded financial aid, and customs relief for SMEs.
As of April 2024, these initiatives are being rapidly deployed to mitigate export disruptions.
K-Food+ exports increased by 3.5% in Q1 2026, reaching $3.35 billion.
Growth was driven by processed and fresh food exports, despite regional logistics challenges.
The Ministry of Agriculture, Food and Rural Affairs is implementing targeted support measures.