CHATGPT

Korea and China have signed an MOU to strengthen service trade cooperation and will discuss ways to expand service trade.
The two countries will hold a joint committee on the Korea-China Free Trade Agreement to seek ways to enhance FTA implementation and continue communication for the smooth introduction of key supply chain items such as rare earths.
They also discussed cooperation to revitalize local economies and investment cooperation, and agreed to hold regular meetings to prevent misunderstandings and conflicts arising from trade remedy measures.

The Ministry of Land, Infrastructure and Transport announced plans to start construction of over 50,000 homes in the Seoul metropolitan area and initiate the first move-ins for the third new towns next year.
Additionally, to revitalize local areas, the ministry will announce the second phase of public institution relocations and expand local transportation infrastructure such as roads, railways, and airports.
The ministry also plans to enhance housing welfare by expanding public rental housing for various income groups and providing tailored housing support for different life stages.

The Ministry of Education announced that it will expand the target for free education and care support from 5-year-olds to 4-year-olds starting next year.
Additionally, the teacher-child ratio for 0-year-old classes will be improved, and the number of care institutions in vulnerable areas will be significantly increased.
To foster AI talent, the ministry plans to introduce fast-track programs for innovative bachelor’s, master’s, and doctoral degrees and strengthen various supports.

Under President Lee Jae-myung’s directive, a comprehensive government response was launched against Cambodia scam crimes.
A total of 107 Korean suspects were repatriated from Cambodia, with 154 suspects apprehended locally.
The government’s efforts resulted in an over 80% reduction in reported victim cases.

First Vice Minister Lee hosted a macroeconomic and finance meeting this morning. The meeting assessed the impact of the Federal Reserve’s interest rate cut on financial markets. Participants discussed response strategies for domestic and international financial and forex markets.

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