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South Korea Increases Space Agency Budget to Focus on Launch Vehicles and Lunar Exploration South Korea Increases Space Agency Budget to Focus on Launch Vehicles and Lunar Exploration

The South Korean government is elevating its space sector from research and development to a key national industry. The proposed budget for the Korea Aerospace Agency (KAA) for 2027 has been set at 1.6491 trillion won, a 47.2% increase from this year.On September 1, the KAA announced that the 2027 government budget proposal reflects an increase of 529 billion won compared to 2026's budget of 1.1201 trillion won. The KAA's budget has grown annually, with allocations of 759.8 billion won in 2024,

Kim Yong-beom Resigns as Chief Policy Officer, Restructuring Economic Team Kim Yong-beom Resigns as Chief Policy Officer, Restructuring Economic Team

이재명 정부의 경제정책 전반을 총괄해왔던 김용범 청와대 정책실장이 1일 전격 사퇴했다. 실장급 청와대 고위 참모가 교체된 건 정부 출범 1년 3개월 만에 처음이다. 경제부총리와 국토교통부 장관 등 6개 부처 장관 후보자를 새로 임명한 지 이틀 만에 청와대 정책 컨트롤타워까지 교체하면서 제2기 경제라인 재정비가 본격화했다. 강유정 청와대 수석대변인은 이날 춘추관 브리핑에서 “김 실장이 지난달 31일 사의를 표명했고 이 대통령이 이날 이를 수리했다”고 밝혔다. 청와대는 이번 인사를 부동산·금융

2027 Budget Proposal: South Koreas Food and Drug Administration Allocates 882.9 Billion Won for Drug Management and AI Safety Enhancements 2027 Budget Proposal: South Korea's Food and Drug Administration Allocates 882.9 Billion Won for Drug Management and AI Safety Enhancements

The Food and Drug Administration (FDA) of South Korea has proposed a budget of 882.9 billion won for the upcoming year. The agency plans to focus its funding on managing drug addiction, transitioning food safety systems to artificial intelligence (AI), and supporting regulations for biopharmaceuticals.On September 1, the FDA announced that its budget for 2027 is a 6.1% increase from this year's 832 billion won. The budget will be finalized after review and approval by the National Assembly.The b

Controversy Erupts Over Withdrawal of Rejuran Study, PharmaResearch Responds Controversy Erupts Over Withdrawal of Rejuran Study, PharmaResearch Responds

The controversy surrounding Rejuran, a leading skin treatment product in South Korea, has resurfaced following revelations about the retraction of a past Phase 3 clinical study.On September 1, PharmaResearch issued a statement clarifying that the retraction of the study was not due to issues with the clinical trial results or the safety and efficacy of Rejuran. Instead, it was attributed to inaccuracies in the disclosure of funding support and conflicts of interest.The study in question was publ

DAXA Uncovers Four Unregistered Overseas Cryptocurrency Exchanges, Refers to Police DAXA Uncovers Four Unregistered Overseas Cryptocurrency Exchanges, Refers to Police

디지털자산거래소 공동협의체 닥사(DAXA)가 금융당국에 신고하지 않은 채 국내 이용자를 대상으로 영업해 온 해외 가상자산거래소 4곳을 적발해 경찰에 수사를 의뢰했다. 닥사는 미신고 해외 가상자산거래소 4곳의 국내 불법 영업 정황을 확인하고 지난달 31일 경찰에 수사를 의뢰했다고 1일 밝혔다. 현행 특정 금융거래정보의 보고 및 이용 등에 관한 법률(특금법) 제7조에 따르면 해외에 서버나 본사를 둔 가상자산사업자라도 국내 이용자를 대상으로 영업할 경우 금융정보분석원(FIU)에 가상자산사업자로 신고해야 한다. 신고하지

KOSPI Holds Above 6830 Amid Semiconductor Gains Despite Middle East Tensions KOSPI Holds Above 6830 Amid Semiconductor Gains Despite Middle East Tensions

The KOSPI index closed higher on Monday, buoyed by strong performances from major semiconductor stocks like Samsung Electronics and SK Hynix, despite a dip to the 6700 range due to renewed military tensions between the U.S. and Iran. In contrast, the KOSDAQ fell over 1% amid selling by foreign and institutional investors.According to the Korea Exchange, the KOSPI finished at 6835.80, up 15.78 points (0.23%) from the previous trading day. The index started lower, dropping to around 6732 during th

2026 Pilot Day Celebrated; Association President Pledges Support for Maritime Nation 2026 Pilot Day Celebrated; Association President Pledges Support for Maritime Nation

The '2026 Pilot Day' event took place on September 1 at the Diamond Hall of The Plaza Hotel in Seoul, attended by over 150 participants, including shipping industry officials, current and former bureaucrats from the Ministry of Oceans and Fisheries, and members of the National Assembly.Since its inception in 2022, Pilot Day has been celebrated to promote and encourage the activities of South Korean pilots, who have been safely and efficiently guiding ships since the formal establishment by pilot

Special Prosecutor Dismisses Charges Against Chief Justice Cho Hee-dae Special Prosecutor Dismisses Charges Against Chief Justice Cho Hee-dae

The Special Prosecutor's Office has dismissed charges against Chief Justice Cho Hee-dae, who was accused of involvement in an insurrection during the martial law declared on December 3. The second special prosecutor team, led by Kwon Chang-young, announced on September 1 that "no new facts were confirmed after the investigation of the accuser on August 20, leading to the dismissal of the case." Dismissal occurs when there is a clear reason for non-prosecution or when further investigation is dee

Regular National Assembly Session Begins with Legislative and Budget Competition Regular National Assembly Session Begins with Legislative and Budget Competition

The first regular session of the 22nd National Assembly began on September 1. This session is expected to focus on legislation and budget support for the government's recently announced three major projects. Additionally, personnel hearings for six ministerial nominees, announced on August 30, are anticipated to lead to significant confrontations between the ruling and opposition parties.The National Assembly entered a 100-day regular session starting with the opening ceremony, which will run un

Ruling and Opposition Parties Collaborate on Legislative Agenda Ruling and Opposition Parties Collaborate on Legislative Agenda

여야가 정기국회 첫날인 1일 민생 법안 처리를 위해 손을 맞잡았다. 더불어민주당과 국민의힘 정책위원회는 연석회의를 정례화해 대선·총선·지방선거에서 양당이 공통으로 내건 공약을 추려 신속하게 처리하기로 합의했다. 양당 정책위 의장단은 이날 국회에서 연석회의를 열어 상견례를 갖고 민생 법안 처리를 위한 협력을 다짐했다. 회의에는 민주당의 권칠승 정책위의장, 민병덕·허영 정책위 수석부의장, 박희승·허성무 정책위 상임부의장이 참석했고, 국민의힘에서는 임이자 정책위의장, 박수영·