The Financial Services Commission is revising savings bank regulations to diversify lending beyond real estate.
Key changes include expanding lending to mid-sized companies and small business owners, and updating risk management standards.
The reform plan was discussed on February 23, 2026, with implementation steps underway.
South Korea has announced its first comprehensive plan to improve health and medical access for people with disabilities.
The plan includes integrated disability-friendly hospitals and expansion of health checkup institutions.
Implementation will occur from 2026 to 2030, with annual progress reviews and a mid-term evaluation in 2027.
Wando County in Korea is the primary producer of abalone, a prized seafood known for its health benefits.
Recent improvements in feed supply and aquaculture have enhanced abalone quality and availability.
As of 2023, Wando produces 74% of Korea’s abalone, with peak season from April to June.
Korea concluded the 2026 Milan-Cortina Winter Olympics with notable athletic and cultural achievements.
The event marked a historic dual-city hosting and showcased Korea’s rising influence in both sports and diplomacy.
Preparations are underway for the 2026 Paralympics and the 2030 Winter Olympics in France.
South Korea held a government meeting to address the US Supreme Court’s ruling on mutual tariffs under the International Emergency Economic Powers Act.
The ruling invalidates the current 15% US mutual tariff, prompting South Korea to monitor US actions and coordinate information for affected businesses.
The meeting took place on February 21, 2026, with ongoing efforts to ensure balanced trade relations and timely updates.
South Korea is launching a five-year support program to promote circular economy models in key industries.
The initiative targets companies with high waste output, aiming to foster sustainable supply chains and resource reuse.
Applications are open from February 23 to March 13, 2024.