CHATGPT

[2026-01-21]2024 Year-End Tax Settlement: Income Tax Reduction and Deductions for Young and Career-Interrupted Workers

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Young employees at SMEs receive a 90% income tax reduction for five years after employment, and career-interrupted men are now also eligible.
Various deductible items include spouse parental leave pay, university student work scholarships, monthly rent, and housing loan repayments.
The National Tax Service advises that thoroughly checking deduction and reduction items during year-end settlement can reduce the need for additional filings.

[2026-01-20]Achievements of 7 Months Under Lee Jae-myung Government and Korea’s Future

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Over the past seven months, the Lee Jae-myung administration has strengthened communication between the government and opposition parties.
Presidential Secretary Kim Byung-wook emphasized that the government’s success is essential for Korea’s progress.
Efforts to make Korea a globally admired nation are expected to continue.

[2026-01-20]Blue House Addresses Fair Admissions and Counterfeit Korean Goods Issues

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The Blue House held a senior aides meeting led by Chief of Staff Kang Hoon-sik to discuss admissions fairness and the spread of counterfeit Korean goods.
Recent illegal exam leaks have undermined trust in the admissions system, while fake K-beauty and K-food products are increasingly distributed overseas.
The government ordered thorough inspections and improvements by the Ministry of Education and related agencies, including possible legal revisions and budget support.

[2026-01-20]Korean-Italian State Luncheon Highlights Meloni’s Visit and Cultural Exchange

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A state luncheon honoring Italian Prime Minister Giorgia Meloni’s visit featured a blend of Korean cuisine and Italian culinary elements.
President Lee Jae-myung gifted Meloni a Samsung Galaxy Z Flip 7, and both leaders took a selfie in a friendly atmosphere.
Both countries expressed intentions to strengthen cooperation in various fields, including cooperatives.

[2026-01-20]Korea Unveils Defense Reform Plan Focusing on AI and Advanced Technology

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The Future Strategy Subcommittee concluded 10 meetings from September to December 2025 and announced its military restructuring recommendations on January 20, 2026.
The report addresses population decline, AI advancements, and diverse security threats by proposing a smart, technology-driven military leveraging advanced tech and civilian resources.
A total defense workforce exceeding 500,000—including 350,000 active troops and 150,000 civilian personnel—is recommended, with phased reforms emphasized.

[2026-01-20]Industrial Complex Regulation Eased to Boost High-Tech Investment and Community Facilities

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The Ministry of Trade, Industry and Energy announced a legislative notice to ease location regulations for industrial complexes.
Key changes include allowing electrical and IT contractors to enter, expanding the scope of high-tech and knowledge industries, and opening cultural and sports facilities to local residents.
These revisions are expected to reduce business burdens and enhance investment and convenience for workers and communities in industrial complexes.