The Korea Fair Trade Commission has initiated a review of alleged wheat flour price collusion by seven major companies.
This investigation covers repeated price and volume agreements impacting 88% of the B2B wheat flour market.
The review process began in February 2026, with final decisions pending after defense procedures.
The Ministry of Science and ICT has launched a new initiative to localize essential research equipment.
This policy aims to reduce South Korea’s reliance on imported generic lab devices by supporting domestic production.
The first meeting of the new task force was held on June 20, 2024.
The Korean government is intensifying efforts to prevent suicides linked to briquette (beongetan) misuse.
Key measures include changing sales practices, adding warning labels, and expanding cooperation with retailers and religious groups.
Implementation is ongoing, with new agreements and actions scheduled for March 2024.
The Ministry of Education and National Institute for Lifelong Education (NILE) have announced the 2026 plan for AI and digital skills training for workers.
The program expands university-led short-term and bundled courses to strengthen practical digital competencies for adult learners.
Applications for new university participation are open until April 7, with results to be announced in May.
Korea is expanding personalized financial counseling services for all youth and clarifying its inheritance tax policy.
The government aims to balance tax burdens and provide tailored financial support to young people.
These initiatives are currently being implemented with strengthened platforms and support systems.
President Lee Jae-myung emphasized building a ‘smart elite military’ and strengthening autonomous defense.
The policy focuses on advanced weapon systems, integrated officer training, and national self-reliance.
The first integrated commissioning ceremony since 2017 was held on February 20, 2026.