Stay updated with breaking news from Government Complex. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Korea Aerospace Administration (KASA), which will open in May, will help create 500,000 jobs in the space industry and nuture more than 2,000 companies by 2045, according to Minister of Science and ICT Lee Jong-ho, Thursday.
The Korean shipping industry and several government organizations are increasing their efforts to minimize the impact of tensions in the Red Sea. The situation escalated as Iran-backed Houthis from Yemen attacked civilian vessels, purportedly to support Hamas' conflict with Israel.
The government will push to provide greater tax incentives for corporate investment in research and development (R&D) projects and record financing for exporters this year as part of efforts to boost exports and domestic demand for an economic recovery, the finance ministry said Thursday.
![[INTERVIEW] FTC chief vows to scrutinize monopolistic platform firms for irregularities - Vimarsana News](https://img.koreatimes.co.kr/upload/thumbnailV2/4f5cf8dbb8944ecd930d32d6a490f143.png)
Scrutinizing monopolistic online platform firms by introducing timely regulations will be the 2024 policy focus for the country's antitrust agency, in order to prevent those firms from dominating exclusive markets, the head of the Fair Trade Commission said.
The number of work days lost due to strikes hit a 10-year low at 330,726 days this year, the Ministry of Employment and Labor announced, Wednesday, attributing the achievement to the government’s adherence to laws and principles in its ongoing push for labor reform.