Economy
- Economic Policy & Trends
Ongjin County to subsidize sea transport costs for farm machinery repairs on islands
Ongjin-gun County (Governor Jang Jeong-min) has launched a new program this year to subsidize the sea transport costs that island farmers incur when moving farm machinery to the mainland for repairs. The initiative is intended to ease the …
- Economic Policy & Trends
Yeongjong-gu, free legal counseling for power outage victims
Yeongjong-gu District (Mayor Son Hwa-jeong) in Incheon announced on the 5th that it will offer free legal counseling support to residents and small business owners affected by a power outage that occurred in the district on July 13. The me…
- Economic Policy & Trends
Saemangeum Districts 3, 7, and 8 Designated as Comprehensive Bonded Area… Backing Hyundai Motor’s 9 Trillion Won Investment
The Saemangeum Development and Investment Agency (Commissioner Moon Seong-yo) and the Korea Customs Service (Commissioner Lee Jong-wook) designated 6.0㎢ (1.81 million pyeong) covering Districts 3, 7, and 8 of the Saemangeum National Indus…
- Economic Policy & Trends
Deputy PM Koo Yun-cheol: ‘Solid real-economy momentum continues’… Economic oversight strengthened around Emergency Economic Headquarters
On July 31 at the Government Complex Seoul, the government convened a meeting of the Emergency Economic Headquarters that also served as a meeting of economy-related ministers and a task force of ministers on special management of liveliho…
- Economic Policy & Trends
Yeongjong-gu District Launches Power Outage Damage Report Center Following July 13 Blackout
Incheon's Yeongjong-gu District (Mayor Son Hwa-jeong) began operating a dedicated report center on Aug. 3 to help residents and small business owners affected by a large-scale power outage that occurred on July 13 seek relief. The newly op…
- Local Economy & Small Business
SCB, a Credit Rating System for Small Business Owners, to Roll Out at 16 Banks from Late August
The Financial Services Commission (FSC) will phase in a dedicated credit rating system (SCB) reflecting the future growth potential of small business owners across the banking sector starting in late August. The key aim is to allow small b…
- Economic Policy & Trends
Gangseo-gu to Provide 240,000 Won in Eco-Friendly Produce to 1,876 Pregnant Women, Applications Open July 20 on Ecoemall
Gangseo-gu in Seoul (Mayor Jin Kyo-hoon) is moving forward with its "Eco-Friendly Produce Support Program for Pregnant Women," aimed at ensuring healthy food for expectant and new mothers and their babies. Under the program, pregnant women…
- Local Economy & Small Business
Gangseo-gu Wraps Up Miracle Medi Special Zone Medical Tourism Tour for Overseas Koreans and Foreign Nationals — From Airport Pickup to Custom Checkups, District Advances as Global Medical City
The Gangseo-gu Office in Seoul (Mayor Jin Kyo-hun) announced on the 16th that it had successfully completed a medical tourism tour of the Gangseo Miracle Medi Special Zone for groups of overseas Koreans and foreign nationals over two days,…
- Economic Policy & Trends
Procurement Agency Seeks ‘Public Procurement as First Market’ Solutions at AI Firms’ Front Lines
The Public Procurement Service (PPS, Administrator Baek Seung-bo) visited artificial intelligence (AI) industry sites in Seoul on the 16th to hear the difficulties faced by companies and to discuss ways to support the growth of the AI indu…
- Economic Policy & Trends
Yeongjong-gu Strongly Petitions Presidential Regulatory Reform Committee for Five Key Deregulation Measures
Incheon's Yeongjong-gu District (Mayor Son Hwa-jung), home to Incheon International Airport, has called on the government to reform regulations tailored to the area's unique characteristics. Mayor Son Hwa-jung attended the "Incheon Metropo…
