CHATGPT

[2026-01-20]Credit Evaluation System Reform TF Launched for Financial Transformation

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On January 20, 2026, the Financial Services Commission held a kickoff meeting for the Credit Evaluation System Reform TF to review current issues and discuss improvement plans.
The TF aims to enhance personal and small business credit evaluation, activate alternative credit assessment, and utilize AI for building key financial infrastructure.
Future plans include sequentially announcing improvement measures for each task and conducting research projects led by private experts.

[2026-01-20]Korean Ministry Unveils Roadmap to Tackle Farm Labor Shortage by 2030

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The Ministry of Agriculture, Food and Rural Affairs announced its first Basic Plan for Agricultural Employment Support for 2026–2030.
Key goals include raising the public sector’s share of farm labor supply to 60% by 2030, achieving 100% insurance coverage for seasonal workers by 2026, and mandating wage guarantee insurance.
The government aims to enhance labor supply and working conditions to ensure sustainable agriculture.

[2026-01-20]2023 Startup Trends in Korea: Growth in Young Entrepreneurs and Tech Sectors

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The Ministry of SMEs and Startups and the Korea Institute of Startup & Entrepreneurship Development released the 2023 Startup Survey results.
In 2023, there were 4.902 million startups, accounting for 59.1% of all SMEs, with 979,000 tech-based startups making up 20%.
Startups led by young entrepreneurs grew by 2.2%, and the government plans to increase the startup support budget to KRW 3.5 trillion by 2026.

[2026-01-20]Korea-Italy Summit Highlights Semiconductor and High-Tech Cooperation

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President Lee Jae-myung and Italian Prime Minister Giorgia Meloni held a summit on the 19th, emphasizing expanded cooperation in science, aerospace, and defense industries.
The two countries signed an MOU on semiconductor cooperation and have developed a strategic partnership in trade, investment, and people-to-people exchanges.
Both leaders agreed to jointly address global challenges like climate crisis and to further strengthen future-oriented collaboration.

[2026-01-20]2,700 Housing Units Resume as Fast-Track Approval Center Proves Effective

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Housing projects supplying 2,700 units have resumed after delays, thanks to the Fast-Track Approval Support Center.
The Ministry of Land, Infrastructure and Transport and the Architecture & Urban Research Institute resolved legal interpretation and donation issues, saving about 3 billion KRW in costs.
Based on the pilot center’s success, institutionalization efforts are underway.

[2026-01-20]Korea-Italy Summit: Strategic Partnership and Advanced Industry Cooperation Expanded

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President Lee Jae-myung and Italian Prime Minister Giorgia Meloni held a summit at the Blue House on January 19, 2026, agreeing to further develop bilateral relations as strategic partners.
The two countries signed three MOUs covering semiconductors, disaster management, and cultural heritage protection, and pledged to expand cooperation in AI, aerospace, and cultural exchanges.
This summit is expected to strengthen collaboration in economy, science, culture, and global issues between Korea and Italy.