Economy
- Economic Policy & Trends
Government Freezes 9th Petroleum Price Cap for Four Weeks… Gasoline Held at 1,784 Won
The Ministry of Trade, Industry and Energy (Minister Kim Jung-kwan) announced on August 22 that it will freeze the 9th petroleum maximum price, effective for four weeks from midnight on August 22, at the same level as the preceding 8th rou…
- Defense Industry
Defense Sector Accelerates Adoption of ‘Physical AI’ and Robots… Ministry of Trade, Army and Hyundai Motor Group Join Hands
The Ministry of Trade, Industry and Energy (Minister Kim Jung-kwan), the Republic of Korea Army and Hyundai Motor Group have agreed to apply 'Physical Artificial Intelligence (AI)', one of the government's three mega-projects, to the defen…
- Local Economy & Small Business
Incheon Signs Three ‘Virtuous-Cycle Shared Growth’ Agreements with Hana Bank, Hana Securities and KIBO
The city of Incheon has joined hands with Hana Bank, Hana Securities and the Korea Technology Finance Corporation (KIBO) to sign three business agreements covering local small merchants, promising companies and ordinary residents. The plan…
- Economic Policy & Trends
July ICT Exports Reach US$53.36 Billion, a Record High for Any July
In July 2026, South Korea's information and communications technology (ICT) exports reached US$53.36 billion, the largest figure ever recorded for the month of July. Imports stood at US$18.30 billion, leaving the ICT trade balance at a sur…
- Economic Policy & Trends
Incheon Rewards Contributors to Foreign Investment Attraction… Citizens and Public Officials Eligible
The Incheon Metropolitan Government will pay performance bonuses to citizens and public officials who have contributed to attracting foreign investment. The measure aims to boost participation by offering tangible rewards for investment-at…
- Fintech & Digital Assets
AI and Digital Assets Era: Searching for the Key to New Blockchain Markets
The Ministry of Science and ICT (MSIT, Deputy Prime Minister and Minister Bae Kyung-hoon) announced that it held a regular seminar of ABLE, the Alliance of Blockchain Leading digital-Economy and a public-private cooperation platform connec…
- Local Economy & Small Business
Nam Young-hee, Incheon Vice Mayor for Political Affairs, Inspects Homeplus Guwol Branch… Pledges Support for Employment and Commercial District Stability
The Incheon Metropolitan Government announced that Nam Young-hee, Vice Mayor for Global City and Political Affairs, visited the Homeplus Guwol branch on August 13 to inspect the reopening of Homeplus stores in the Incheon area and to encou…
- Economic Policy & Trends
Ongjin County releases 300,000 rockfish fry off Jangbong Island
Ongjin County (Governor Jang Jeong-min) announced that it released 300,000 rockfish fry into coastal waters off Jangbong Island on Aug. 13 to boost fishermen's incomes and restore marine resources. Rockfish mainly inhabit shallow coastal w…
- Economic Policy & Trends
Science Ministry Begins Overhaul of Spectrum Re-Allocation Pricing System
The Ministry of Science and ICT (Deputy Prime Minister and Minister of Science and ICT Bae Kyung-hoon) is launching a full-scale effort to improve the system for calculating the price of spectrum re-allocation. The ministry announced that …
- Economic Policy & Trends
Yeongjong-gu District, August Designated Resident Tax Payment Month — Filing and Payment Due by the 31st
Incheon's Yeongjong-gu District (Chief Sohn Hwa-jeong) announced on the 11th that it has sent out payment notices to resident tax payers in the district as part of the August 2026 resident tax payment month, urging them to file and pay by …
