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Financial Services Commission
Mortgage Loans from Banks to be Subject to Stressed Debt Service Ratio Limits from February 26
The Financial Services Commission announced that home-backed mortgage loans issued by banks will be subject to the stressed debt service ratio (DSR) rule from Monday, February 26. The stressed DSR system imposes a certain level of additional stress rate when calculating...
Feb 26,2024
Ministry of Agriculture, Food and Rural Affairs
1st Meeting of ROK-Qatar Smart Farm Cooperation Committee Boosts Cooperation in Smart Farming
1st Meeting of ROK-Qatar Smart Farm Cooperation Committee Boosts Cooperation in Smart FarmingKorea and Qatar shared information about their policy directions for smart agriculture; discussed ways for research collaboration such as verification of smart farming tech...
Ministry of Gender Equality & Family
From job training to employment all at once at Saeil centers
From job training to employment all at once at Saeil centers - 676 customized courses in semiconductor, bio, and artificial intelligence fields to be offered at 158 Saeil centers nationwide The Ministry of Gender Equality and Family(MOGEF) will operate 676 vocational educatio...
Ministry of Economy and Finance
DPM Choi to Attend G20 Finance Ministers and Central Banks Governors Meeting
Deputy Prime Minister Choi Sang-mok departs for Brazil on February 26 to attend the Group of Twenty (G20) Finance Ministers and Central Banks Governors meeting to be held in São Paulo, from February 28 to 29. This meeting, held for the first time under the slogan “Building a ju...
Feb 25,2024
Ministry of Environment
Applying Intelligent Technology to Dam Management: Establishment of the First Dam Management Master Plan
▷ Establishing a dam management system utilizing Fourth Industrial Revolution technologies such as AI and digital twin▷ Developing advanced industrial water supply solutions utilizing the reservoir of Hwacheon dam (hydroelectric power generation dam)The Ministry of Envi...
Ministry of Foreign Affairs
Minister of Foreign Affairs Cho Tae-yul Attends UN Security Council Briefing on Occasion of the Second Anniversary of the War in Ukraine
1. Minister of Foreign Affairs Cho Tae-yul attended the United Nations Security Council briefing marking the second anniversary of the war in Ukraine, held at the UN headquarters on the afternoon of February 23 (New York time). 2. Foreign Minister Cho reaffirmed the Korean...
Feb 24,2024
Ministry of SMEs and Startups
The Minister of SMEs and Startups visited the Munrae-dong Industrial Cluster Zone, expressing the Ministry's will to nurture small manufacturers
On February 15, Minister OH Youngju of SMEs and Startups (MSS) visited the Industrial Cluster Zone for small manufacturers in Munrae-dong, Seoul. The purpose of the visit was to collect feedback and concerns of companies and associations regarding the government's policies to...
Feb 23,2024
MSS extends the grace period for SMEs to five years to address the Peter Pan syndrome that SMEs suffer from
The Ministry of SMEs and Startups (Minister OH Youngju) announced that South Korea's Cabinet has officially passed the amendment to the Framework Act on Small and Medium Enterprises on February 13, extending the graduation grace period for SMEs to five years. The revised b...
MSS discussed various ways to improve the support system for SMEs in order to facilitate their globalization
On February 14, Minister OH Youngju of SMEs and Startups held a meeting with small and medium-sized enterprises engaged in exporting at the Busan Regional SMEs and Startups office. Busan is a city located in South Korea that houses the largest seaport in the country. As of 202...
MSS to recruit companies to participate in open innovation through public-private cooperation, focusing on demand-driven tracks
The Ministry of SMEs and Startups (Minister OH Youngju) is inviting medium and large-scale enterprises as well as startups to participate in open innovation through public-private cooperation. The initiative will be focused on demand-driven tracks. MSS will select around 20 st...
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