South Korea has maintained its oil price ceiling for gasoline, diesel, and kerosene in the third round.
The government continues strict monitoring of gas stations and recognizes those contributing to price stability.
The policy is effective from June 10 for two weeks, reflecting recent international market volatility.
South Korea’s biopharmaceutical exports reached a record $2 billion in Q1 2026.
Regulatory reforms and increased global market share fueled the growth.
The sector continues to expand, with Europe leading export destinations.
The South Korean government approved a 26.2 trillion won supplementary budget for 2026.
Key measures include rapid support for households, energy assistance, and industrial supply chain stability.
Implementation began immediately after the April 11 cabinet meeting, with accelerated disbursement planned.
President Lee Jae-myung addressed the challenges of the current two-year fixed-term employment law.
He called for practical alternatives and greater labor union involvement in workplace safety.
These discussions were highlighted during a meeting with the Korean Confederation of Trade Unions on June 10.
The South Korean government is launching a high oil price relief fund for 70% of residents.
Support is prioritized for vulnerable groups and varies by region and income.
Payments begin April 27 for priority groups, with broader rollout from May 18.
The Ministry of Agriculture, Food and Rural Affairs has selected 145 companies for the Global NEXT K-Food Project.
This initiative aims to expand K-Food exports through tailored regional strategies and public-private cooperation.
The project was announced on June 9, 2024, and is currently being implemented.