Economic Policy & Trends
- Economic Policy & Trends
Yeonsu-gu to inspect top-ranked bidders for construction projects, screening out ‘paper companies’ at bidding stage
Incheon's Yeonsu-gu District (Mayor Lee Jae-ho) has set up a safeguard to stop so-called "ghost companies" from winning public construction contracts. These are firms that meet construction business registration requirements only on paper.…
- Economic Policy & Trends
Yeongjong-gu reviews 79 subsidy items and other fiscal agenda ahead of first main budget since launch
Incheon's Yeongjong-gu District (Mayor Son Hwa-jeong) has begun preparing its 2027 main budget in earnest. The district held the ‘2026 3rd Local Subsidy Management Committee’ meeting on the 22nd in the main conference room of the district …
- Economic Policy & Trends
Yeongjong-gu Expands Banks Offering Dedicated Local Subsidy Accounts From One to Three
Starting Jan. 1, 2027, organizations and businesses that receive local subsidies from Yeongjong-gu District (Mayor Son Hwa-jeong) in Incheon will be able to open their dedicated accounts at any of three local financial institutions. Curren…
- Economic Policy & Trends
Incheon, 11 Districts and Counties Reach Wage Deal With Public Service Workers… Base Pay Up 3.5%
Incheon Metropolitan City and the 11 districts and counties under its jurisdiction have concluded their 2026 wage and collective bargaining negotiations with public service workers. Ongjin-gun County (Governor Jang Jung-min) said on the 21…
- Economic Policy & Trends
Yeongjong-gu to repay former Jung-gu’s 18.1 billion won temporary loan upfront, urges Jemulpo-gu to join debt-sharing review
Yeongjong-gu District (Mayor Son Hwa-jeong) in Incheon has decided to repay in full, ahead of time, a temporary loan of 18.1 billion won taken out when the area was part of the former Jung-gu District. The Incheon Metropolitan Government h…
- Economic Policy & Trends
Yeonsu-gu Mayor Lee Jae-ho Hails GTX-B Cheonghak Station’s Conditional Approval as “Starting Point for Old Downtown’s Revival”
A plan to build a new Cheonghak Station on Line B of the Great Train Express (GTX), the Seoul metropolitan area's express rail network, has conditionally passed the Ministry of the Interior and Safety's central investment review. The resul…
- Economic Policy & Trends
Yeongjong-gu Approves 15 Participatory Budget Projects Worth 785 Million Won for 2027
Yeongjong-gu District (Mayor Son Hwa-jeong) in Incheon will include 15 community-focused projects proposed by residents, worth a combined 785 million won, in its 2027 budget. The district said on Oct. 13 that the projects were approved by …
- Economic Policy & Trends
Guro-gu to Host ‘STEP 2026 Global Business Consultation Meeting’ with Invited Overseas Buyers
40 overseas buyers and 60 companies from G Valley and Seoul to take part, with support for overseas market entry and new sales channels Guro-gu (Mayor Jang In-hong) will host the 'STEP 2026 Global Business Consultation Meeting' on the 14th…
- Economic Policy & Trends
Yeongjong-gu releases 510,000 Korean rockfish into Yongyu and Muui waters
Incheon's Yeongjong-gu District (Mayor Son Hwa-jeong) has released 510,000 juvenile Korean rockfish into the Yongyu and Muui waters within its jurisdiction to restore fishery resources along the West Sea coast and increase the incomes of l…
- Economic Policy & Trends
September Consumer Prices Hold in the 2% Range…Government Says ‘Agricultural, Livestock and Fishery Prices Fall for Second Straight Month’
The government held a meeting of price-related ministries on the 2nd and announced that September consumer prices posted an increase in the 2% range despite upward pressure such as rising international oil prices. In particular, agricultur…
