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Ruling Party Leaders Discuss Cooperation on Legislation and Budget with President Lee Ruling Party Leaders Discuss Cooperation on Legislation and Budget with President Lee

The new leadership of the Democratic Party held a dinner with President Lee Jae-myung on August 25, where they expressed their commitment to collaborate on legislation related to people's livelihoods and reforms, as well as the budget for 2027.Park Sung-jun, the party's chief spokesperson, stated in a written briefing after the dinner at the Blue House that the party leadership engaged in open communication and shared a wide range of opinions with President Lee.He noted that President Lee emphas

President Lee Emphasizes Productive Finance Amid Budget Discussions President Lee Emphasizes 'Productive Finance' Amid Budget Discussions

President Lee Emphasizes 'Productive Finance' Amid Budget DiscussionsPresident Lee Jae-myung stated on August 25 that now is not the time to be overly focused on immediate financial figures regarding next year's budget. He called for a shift towards 'productive finance' that prioritizes investments in artificial intelligence (AI) and advanced industries.The Democratic Party and the government plan to focus on five key areas in the proposed budget, which is expected to exceed 800 trillion won, th

Kia and Labor Union Reach Wage Agreement, Marking Six Years of No Strikes Kia and Labor Union Reach Wage Agreement, Marking Six Years of No Strikes

Kia Motors and its labor union have reached a tentative wage and collective bargaining agreement, continuing a six-year streak of no strikes.On August 25, during the 12th round of negotiations held at the Gwangmyeong Auto Land, the parties finalized the 2026 wage agreement. The agreement includes a base salary increase of 100,000 won, a management performance bonus of 300% plus 4 million won, a quality improvement incentive of 100% plus 4.7 million won, a 4 million won bonus for winning the 2026

Missing Chinese Student Found Dead in Daegu; Suspect Arrested Missing Chinese Student Found Dead in Daegu; Suspect Arrested

대구에서 실종된 20대 중국인 유학생이 엿새 만에 숨진 채 발견됐다. 경찰은 살인 혐의로 30대 남성을 붙잡아 범행 경위 등을 조사하고 있다. 경찰은 이날 오후 7시29분께 경산시에서 체포영장을 집행해 B씨를 검거했다. 이후 경산시 하양읍에 있는 B씨의 주거지에서 실종됐던 A(25)씨의 시신을 발견했다. A씨는 지난 20일 밤 대구로 이동한 뒤 가족과 연락이 끊겼다. 경찰이 확인한 A씨의 마지막 행적은 동대구역이었다. 경찰은 A씨의 이동 경로 등을 추적하는 과정에서 범죄 혐의를 포착하고 B씨를 용의자로 특정한 것으로 전해졌다.

U.S. Prepares to Return Diplomats to Middle East Embassies Amid Iran Tensions U.S. Prepares to Return Diplomats to Middle East Embassies Amid Iran Tensions

The U.S. government is preparing to send back diplomats to its embassies in the Middle East, which were evacuated following the war with Iran. This move aligns with a recent shift towards economic pressure on Iran rather than military action, raising speculation that the U.S. may be stepping back from a full-scale military confrontation. According to a report by the New York Times, which obtained internal documents from the State Department, the return of diplomats and the easing of emergency me

Japanese Government Offers Tax Incentives for Companies Selling Unprofitable Businesses Japanese Government Offers Tax Incentives for Companies Selling Unprofitable Businesses

The Japanese government is moving to provide significant tax incentives for companies that divest unprofitable businesses and invest in high-growth areas. The aim is to reduce the tax burden associated with business sales, thereby encouraging corporate restructuring and investment in new growth sectors. According to a report by Yonhap News on August 25, the Yomiuri Shimbun and other outlets have confirmed that the Ministry of Economy, Trade and Industry has finalized plans to introduce a new "B

South Korea and Kuwait Expand Energy and Infrastructure Cooperation South Korea and Kuwait Expand Energy and Infrastructure Cooperation

한국과 쿠웨이트가 전략적 에너지 협력을 이어가는 한편 인프라와 도시개발, 인공지능(AI) 투자 등으로 협력 범위를 넓히기로 했다. 한국 정부는 구체적인 협력사업 발굴을 위해 조만간 민관 합동대표단을 쿠웨이트에 파견할 예정이다. 25일 연합뉴스의 보도에 따르면 조현 외교부 장관은 이날 서울에서 자라 자베르 알-아흐마드 알-사바 쿠웨이트 외교장관과 회담하고 양국 관계와 에너지·인프라 협력, AI 투자, 중동 정세 등에 대해 의견을 나눴다. 조 장관은 양국이 전략비축유 규모 확대 등 전략적 에너지 협력을 지속하는 동

Anyang City Council Committees Share Key Issues with Executives Anyang City Council Committees Share Key Issues with Executives

The Welfare and Environment Committee and the Planning and Administration Committee of Anyang City Council have strengthened communication and cooperation with the executive branch by sharing key issues ahead of the upcoming legislative session. According to the city council on the 25th, the two committees held meetings with relevant executive departments on the 24th and 25th to review the status of major projects and current issues, engaging in in-depth discussions about future directions and a

Anyang City Council Committees Share Key Issues with Executive Agencies Anyang City Council Committees Share Key Issues with Executive Agencies

The Welfare and Environment Committee and the Planning and Administration Committee of the Anyang City Council have engaged in discussions with executive agencies to share key issues and enhance communication and cooperation ahead of the upcoming legislative session. According to the city council on the 25th, the two committees held meetings with relevant executive agencies on the 24th and 25th to review the status of major projects and current issues, as well as to engage in in-depth discussion

Dongwon Prepares for Another Attempt to Acquire HMM Amid Industry Skepticism Dongwon Prepares for Another Attempt to Acquire HMM Amid Industry Skepticism

Dongwon Industries, which faced setbacks in its bid to acquire HMM three years ago, is quietly preparing for another attempt. Although there has been no public declaration of intent to acquire, the company established a task force (TF) for the HMM acquisition earlier this year and has recently been hiring several former officials from the Ministry of Oceans and Fisheries.However, skepticism persists within the shipping industry. Concerns have been raised about Dongwon's ability to manage the fin