South Korea’s Foreign Minister participated in the first G7 Foreign Ministers’ Meeting in Yvelines, France.
Key topics included global governance reform, critical minerals supply chains, and international cooperation.
The meeting took place from March 26 to 27, 2024, with ongoing plans for strengthened collaboration.
The Overseas Koreans Agency has launched the 15th cohort of the ‘Woholfriends’ mentor program.
This initiative aims to provide practical guidance and safety information to Korean youth participating in working holiday programs.
The program officially began on March 27, 2024, with mentors sharing their experiences via online and offline channels.
The South Korean government has adopted a zero-tolerance policy toward gas stations that unjustly raise prices following the second petroleum price cap.
Approximately 35% of gas stations increased prices immediately after the new cap, prompting strict monitoring and enforcement.
As of March 27, 2024, authorities are closely tracking price changes and plan severe actions against violators.
The Ministry of SMEs and Startups signed an agreement with Korea Credit Data to enhance small business policy using real-time data.
This collaboration aims to address delays and accuracy issues in traditional statistics by integrating public and private data sources.
The agreement was formalized on March 26, 2026, with plans for immediate data-driven policy improvements.
South Korea has initiated a multi-agency agreement to provide integrated support for small businesses and vulnerable groups facing financial difficulties.
The policy aims to deliver early, one-stop assistance by connecting government and private banking resources.
Implementation begins with guidance and support from March 31, 2026, targeting up to 200,000 small businesses annually.
South Korea has adopted emergency economic measures in response to the ongoing global energy crisis.
Key actions include public sector vehicle restrictions and enhanced energy-saving initiatives.
These policies are being implemented from March 27, 2026, with immediate government oversight.