Page 41 - Government Complex News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The government said Tuesday that it will place a 3-percent ceiling on the ratio of fiscal deficit to gross domestic product (GDP) as part of a shift to a belt-tightening mode to improve fiscal health, in contrast to the pandemic-era stimulus policy embraced by the previous Moon Jae-in administration. It also said it will bring down the fiscal deficit-to-GDP ratio below 2 percent if the amount of national debt exceeds 60 percent of GDP.

SEOUL, South Korea (AP) — South Korea’s new government on Thursday proposed a meeting with North Korea to resume reunions of families separated since the 1950-53 Korean War, despite long-strained ties between the rivals over the North’s nuclear weapons program.

Unification Minister Kwon Young-se proposed inter-Korean talks on resuming meetings to reunite separated families on Thursday, a day before the start of the Chuseok holiday. The proposal was unveiled during an impromptu press conference held at the Government Complex Seoul. The unification minister suggested that officials of the two Koreas sit down as soon as possible so they can find “fundamental solutions” ― rather than a one-off event for political purposes ― for families that have been tragically separated since the 1950-53 Korean War.

The government joined hands with global companies such as Google and Airbus in order to help more startups here expand overseas and grow into unicorn companies, according to the Ministry of SMEs and Startups, Thursday. The startup ministry will also provide collaboration opportunities with global venture capital firms starting with a Korea-U.S. startup event this month. To attract skilled workers from overseas to Korea, a special visa program will also be established.

Capital region to see additional 300 millimeters of rain until Friday