South Korea’s government has introduced a supplementary budget to address economic challenges facing vulnerable groups and youth.
Key measures include expanded welfare, youth entrepreneurship support, and inflation relief totaling 2.8 trillion won.
The budget proposal was submitted to the National Assembly on March 31, 2024.
South Korea has unveiled the KF-21, its domestically developed next-generation supersonic fighter jet.
This marks a major shift in defense policy, replacing aging aircraft and boosting technological sovereignty.
The KF-21 will be operationally deployed to the Air Force in September 2024.
The 2026 Royal Culture Festival will be held across Seoul’s five major palaces and Jongmyo from April 25 to May 3.
This year’s festival expands foreigner participation, multilingual services, and inclusive programs for children, seniors, and marginalized groups.
The festival opens with a ceremony on April 24 and features diverse performances, hands-on experiences, and special exhibitions.
Korea’s policy supports the transformation of marine pest species into functional textile materials.
This initiative reduces environmental damage and boosts durability in public sector clothing.
Coolbears received NET certification in 2025 and is preparing for commercial production.
South Korea has approved amendments to the Public Housing Special Act to stimulate urban housing and public land development.
Key changes include expanded incentives for urban projects and streamlined processes for public land supply.
The revised regulations were approved on June 6, 2024, as a follow-up to the government’s September 2023 housing supply plan.
President Lee Jae-myung has proposed extending capital gains tax relief for multi-home owners.
The extension would allow applications submitted by May 9 to be considered, easing restrictions for sellers.
Regulatory changes are under review, with implementation expected soon.