Korean Lawmaker Encouraged to Resign After Altercation with Party Leader The People Power Party's Supreme Council has encouraged lawmaker Kwon Young-jin to resign following an incident on July 23, where he grabbed the collar of party leader Jeong Jeom-sik in a dispute over committee assignments. The council has reached a consensus that if Kwon refuses to resign, the Ethics Committee should impose the highest level of disciplinary action.After a Supreme Council meeting on July 27, chief spokesperson Park Seong-hoon told reporters, "Kwon's actions have severely undermi July 27, 2026

Public Debate on Bilingual Signage at Gwanghwamun: Cultural Heritage vs. Promoting Hangul Citizens and experts gathered to discuss whether to implement bilingual signage at Gwanghwamun. Participants agreed that sufficient social consensus and deliberation are necessary before making a decision.The Ministry of the Interior and Safety and the Ministry of Culture, Sports and Tourism announced on July 27 that they held the first public deliberation forum, titled 'Everyone's Debate,' on July 26 to discuss the bilingual signage at Gwanghwamun.'Everyone's Debate' is a public forum designed July 27, 2026

Fair Trade Commission Issues Corrective Order to Line Construction for Delayed Subcontract Payments Line Construction, known for the apartment "Easy the One," has faced sanctions from the Fair Trade Commission for failing to pay interest on delayed subcontract payments.On July 27, the Fair Trade Commission announced it would impose a corrective order on Line Construction for violating its obligation to pay interest on delayed subcontract payments while outsourcing stonework, gas installation, and telecommunications work for apartments.According to the commission's investigation, Line Construct July 27, 2026

Resident Foreign Currency Deposits Increase for Third Consecutive Month, Dollar Deposits Rise by $2.2 Billion Domestic resident foreign currency deposits have increased for the third consecutive month, driven by rising customer deposits at securities firms and inflows of corporate current account payments.According to the Bank of Korea's report on 'Trends in Resident Foreign Currency Deposits' released on July 27, the balance of resident foreign currency deposits at foreign exchange banks stood at $113.33 billion at the end of June, an increase of $1.08 billion from the previous month. This marks three July 27, 2026

Hyundai Motor Group Launches K-New Deal Academy to Train 1,000 Young Talent in Future Mobility The government and Hyundai Motor Group are collaborating to train young talent in the field of future mobility. The initiative aims to provide job training in areas such as embedded artificial intelligence (AI) and manufacturing intelligence, supporting young people’s entry into the labor market.On July 27, Minister of Labor Kim Young-hoon attended the joint entrance ceremony for the Hyundai Motor Group K-New Deal Academy 'HINT' at the Hyundai Group Talent Development Center in Gyeongju, where h July 27, 2026

K-SUUL Awards to Showcase Local Alcohol Producers Renowned alcohol brands and hidden brewing talents will compete for the title of 'National Representative Korean Alcohol.' The National Tax Service (NTS) is hosting the '2026 K-SUUL AWARDS' to expand export channels for local small alcohol manufacturers through a survival competition format.The NTS announced that it will accept applications from small alcohol manufacturers wishing to export from July 27 to July 14. Both traditional liquor companies and domestic small alcohol manufacturers can ap July 27, 2026

AI Transforms Manufacturing Landscape as Bank of Korea Reports Supply Chain Shifts The rapid restructuring of South Korea's manufacturing production and supply chains is being driven by the spread of artificial intelligence (AI), U.S.-China tensions, and increased protectionism. The semiconductor sector is shifting towards an AI-centric supply chain, while the automotive industry is adapting to changes in eco-friendly vehicles and global production bases.On July 27, the Bank of Korea released an updated report titled 'Mapping Major Manufacturing Production and Supply Chains in July 27, 2026

Renewable Energy Stalled by Power Grid and Funding Issues, KDI Says 'Bottlenecks Must Be Resolved' As investments in advanced industries, including semiconductors, increase and global sanctions on carbon neutrality tighten, the need for renewable energy deployment is growing. However, two bottlenecks—power grid issues and capital procurement—are hindering the expansion of renewable energy, necessitating a rationalization of subsidy systems, according to research findings.In a report released on July 27, the Korea Development Institute (KDI) stated that to achieve the government's target of 10 July 27, 2026

Ministry of Environment and Army Strengthen Resource Recycling in Military The government and the Army are enhancing the resource recycling system within military bases. They aim to expand soldiers' practice of waste separation and establish a foundation for securing high-quality recyclable resources.The Ministry of Environment and Energy announced on July 27 that it will sign a memorandum of understanding (MOU) with the Army Headquarters and the Korea Resource Recycling Support Center on July 28 at the Cheongam Building in Sejong City to promote resource recycling.Thi July 27, 2026

South Korea Invests $24.5 Million in Biomass Solid Fuel Development from Livestock Manure The South Korean government is set to begin developing technology to utilize livestock manure, primarily used as fertilizer, as a power generation fuel. The initiative aims to convert manure into solid fuel to produce electricity and heat, thereby reducing environmental pollution and expanding the use of renewable energy.On July 28, the Ministry of Climate Energy and Environment and the Ministry of Agriculture, Food and Rural Affairs will hold a kickoff meeting for the 'Biomass Solid Fuel Produc July 27, 2026