Kim Do-young Takes Office as President of Jeju Development Corporation, Prioritizing Jeju Samdasu Competitiveness Kim Do-young officially took office as the new president of the Jeju Special Self-Governing Province Development Corporation on September 16. He plans to prioritize enhancing the competitiveness of Jeju Samdasu while focusing on management innovation and sustainable growth.The Jeju Development Corporation announced that Kim began his official duties as the 13th president after receiving his appointment letter from Governor Wi Seong-gon of Jeju Special Self-Governing Province earlier that morning September 16, 2026

Discussion Intensifies on 2045 National Development Strategy Focused on AI and Demographic Changes The Ministry of Strategy and Finance, along with the National Economic Advisory Council and the National Science and Technology Advisory Council, has begun formulating a long-term national development strategy aimed at 2045. The strategy will address challenges such as artificial intelligence (AI), climate and energy transition, demographic changes, and the restructuring of supply chains and international order, while seeking to enhance both growth and the quality of life for citizens.On Septemb September 16, 2026

Hite Jinro Continues 15-Year Tradition of Holiday Giving, Supporting 800 Vulnerable Individuals Hite Jinro has continued its 15-year tradition of holiday giving by providing daily necessities and fruit to 800 young people preparing for independence and residents of goshiwons in celebration of Chuseok.On September 16, Hite Jinro and Hite Jinro Holdings announced that they conducted their Chuseok giving activities targeting young people preparing for independence nationwide and residents of goshiwons in Seoul.On September 8, a delivery ceremony for the '2026 Chuseok Support Package for Young September 16, 2026

President Lee Calls for 30 Years of Cooperation with Central Asia President Lee Jae-myung stated that South Korea and Central Asia should prepare for the next 30 years based on the cooperation established over the past three decades.During his opening remarks at the first Korea-Central Asia Summit held at a hotel in Seoul, President Lee noted, "It is a significant day as the leaders of South Korea and the five Central Asian countries gather in one place for the first time."All five Central Asian leaders from Uzbekistan, Turkmenistan, Kazakhstan, Tajikistan, an September 16, 2026

600-Year-Old Haemi Fortress to Host 'Time Portal' Festival on Hangeul Day Haemi Fortress in Seosan, South Chungcheong Province, will transport visitors back to the time of the Joseon Dynasty over 600 years ago. Upon entering the fortress, attendees will receive a 'hopa' on their smartphones, allowing them to participate in archery and historical exams. At night, the fortress walls and sky will come alive with light and video displays showcasing its history.On September 16, Seosan City and the Seosan Cultural Foundation held a press conference at a restaurant in Gwangh September 16, 2026

Meeting Between Deputy Minister and CEOs of Major Telecoms Canceled Due to National Assembly Schedule Baek Kyung-hoon, Deputy Minister and Minister of Science and ICT, was set to meet with the CEOs of South Korea's three major telecom companies—SK Telecom, KT, and LG Uplus—on September 17. However, the meeting was canceled due to a National Assembly session scheduled for the same day.A Ministry of Science and ICT official stated, "We intended to discuss measures for living costs before Chuseok, but the National Assembly's schedule made the meeting difficult. We are currently coordinating a new d September 16, 2026

Public Home Shopping to Advance 30 Billion Won in Payments to Partners Before Chuseok Public Home Shopping announced on September 16 that it will advance 30 billion won in sales proceeds to its partner small and medium-sized enterprises ahead of the Chuseok holiday.This early payment initiative aims to assist partners in securing liquidity due to increased cash flow needs for wage payments and raw material purchases during the holiday season. As a result, payments will be made seven days earlier than the usual schedule to all broadcasting and mobile partners.Payments for orders d September 16, 2026

NH Nonghyup Bank Donates 35 Million Won to Gwacheon Arts Festival NH Nonghyup Bank's Gwacheon branch has made headlines by donating 35 million won to support the Gwacheon Arts Festival, aimed at enhancing local cultural arts and expanding opportunities for citizens to enjoy the arts. On the 16th, the Gwacheon branch of Nonghyup held a donation ceremony at Gwacheon City Hall, where they presented the funds to the city for the development of local cultural arts. The ceremony was attended by Gwacheon Mayor Shin Gye-yong, Nonghyup Gwacheon branch head Lee Jang-soo September 16, 2026

Im Yi-ja Criticizes Lee Hyung-il for Lack of Initiative on Future Response Fund Im Yi-ja, chair of the ruling People Power Party's policy committee, expressed concern on September 16 about Lee Hyung-il, the nominee for Economic Deputy Prime Minister and Minister of Finance, stating, "He should have opposed the government's Future Response Fund." She emphasized the need for the deputy prime minister to have conviction in his role. During her appearance on CBS Radio's 'Park Seong-tae's News Show,' Im remarked, "The Economic Deputy Prime Minister must have a strong sense of l September 16, 2026

KOSPI Rises Nearly 1% Amid Institutional Buying, Touches 6700 During Trading The KOSPI index has risen nearly 1% thanks to significant institutional buying. After opening around the 6600 mark and showing mixed movements, the index gained momentum as institutions purchased over 1 trillion won. At one point, the index increased by 1.32%, surpassing the 6700 level.As of 1:39 PM, the KOSPI was up 63.51 points (0.96%) at 6690.77 compared to the previous trading day.The index started at 6611.24, down 16.02 points (0.24%), but reversed course early in the session and expanded i September 16, 2026