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  • Minister Song Mi-ryung Visits Traditional Liquor Startup Ahead of Chuseok
    Minister Song Mi-ryung Visits Traditional Liquor Startup Ahead of Chuseok Minister of Agriculture, Food and Rural Affairs Song Mi-ryung visited a rural startup producing traditional liquor using local agricultural products ahead of Chuseok, expressing her commitment to expanding traditional liquor consumption and supporting rural entrepreneurship.On September 16, Minister Song visited the Fermentation Research Institute of Han Young-seok, located in Jeongeup, North Jeolla Province, where she learned about exemplary cases of rural entrepreneurship and convergence industries, and encouraged local stakeholders.This visit aimed to promote the excellence of traditional liquor and stimulate the purchase of gift sets made from local agricultural products in time for Chuseok.The Fermentation Research Institute of Han Young-seok is an agricultural corporation that produces traditional liquor using rice grown in the North Jeolla region. It has been steadily increasing its use of local agricultural products, sales, and employment of local residents, establishing a growth model for rural startups.Usage of local agricultural products rose from 4.5 tons in 2022 to 33 tons in 2025, with plans to expand to 100 tons this year. Sales increased from 500 million won to 1.75 billion won during the same period, with a target of 2.2 billion won for this year. Employment of local residents grew from 2 in 2022 to 8.5 last year, with plans to increase to 17 this year.Minister Song stated, "We will actively support young people and businesses in finding new entrepreneurial opportunities in rural areas through nurturing, investment, and market development. In particular, we plan to focus on fostering traditional liquor as a core industry of K-Food that embodies the vibrant agriculture and culture of Korea."She added, "I hope this Chuseok will be a time for many families to gather and enjoy traditional liquor alongside meals made from our local agricultural products."* This article has been translated by AI. 2026-09-16 17:20:20
  • Deputy Prime Minister Baek Kyung-hun: South Korea Cannot Afford to Slow AI Development
    Deputy Prime Minister Baek Kyung-hun: South Korea Cannot Afford to Slow AI Development Deputy Prime Minister and Minister of Science and ICT Baek Kyung-hun stated that South Korea cannot afford to slow down its artificial intelligence (AI) development amid recent discussions among global AI companies about regulating the pace of model development. On his social media account, Baek emphasized, "It is a completely different issue for a leading country to adjust its speed compared to a country that must catch up and create new markets." Recently, companies like OpenAI and Anthropic have argued for a slowdown in AI development due to the risks associated with frontier models. In response, Baek acknowledged the need to seriously consider these risks but stressed that South Korea should not slow down its technological development. He noted the importance of expanding technology beyond large language models (LLMs) to include visual language models (VLMs) and visual language action models (VLAMs) that can understand and act in real-world industrial settings. He stated, "We must prepare for an era where AI is deeply integrated into all industries and the daily lives of citizens." Baek also warned that the ability to secure frontier AI capabilities, which are close to artificial general intelligence (AGI), could widen the gap between nations. He pointed out that this capability could influence not only technological strength but also industrial competitiveness, economy, and national security, ultimately affecting the future competitiveness of the country. He emphasized the need to accelerate the pace of ensuring safety and trust alongside AI development. This includes establishing technical and institutional safeguards to address challenges such as deepfakes, cybersecurity, privacy protection, and job changes. Baek stated, "We must boldly accelerate AI research and development and industrial application while ensuring that we have effective brakes in place for risks. Speed is competitiveness, and safety is sustainability; therefore, we cannot choose one over the other." He added that he would soon inform the public about the next steps for the independent AI foundation model project and the direction of South Korea's frontier AI model development, asserting, "We will not slow down South Korea's AI clock but will move faster and more safely."* This article has been translated by AI. 2026-09-16 17:20:00
  • Second Phase of Everyones Startup Expands to 170 Mentoring Institutions
    Second Phase of 'Everyone's Startup' Expands to 170 Mentoring Institutions "My character becomes the protagonist of the game. Please share the story of the character you created."The government’s 'Everyone's Startup' project is a platform for nurturing entrepreneurial talent, allowing anyone with an idea to challenge themselves in starting a business. The project’s website features a variety of ideas submitted in real-time. The second phase of 'Everyone's Startup' has broadened the opportunities for participation compared to the first phase.According to the Ministry of SMEs and Startups, applications for the second phase of the 'Everyone's Startup' project will be accepted until September 17. This phase aims to select 10,000 participants, doubling the number from the first phase, with 8,000 in the general and technology tracks and 2,000 in the local track.Notably, the number of incubating institutions has increased from 119 in the first phase to over 170 in the second phase. New participants include major and mid-sized companies such as Hana Bank and Shinhan Square Bridge in Daegu, as well as public institutions like the Gyeonggi Content Agency and the Korea Water Resources Corporation. Other participants include the Korea Artificial Intelligence Association, the Korea Fintech Support Center, the Korea Industrial Intelligence Association, the Gangwon Design Promotion Agency, and the Chuncheon Middle-aged Technology Startup Incubation Center.The Ministry explained that by expanding the support scale to 10,000 participants, it aims to facilitate the commercialization of diverse ideas by increasing the variety of mentoring institutions.In the first phase of 'Everyone's Startup,' a wide range of ideas emerged. On September 4, the Ministry announced that 1,100 participants (500 in the general and technology tracks and 600 in the local track) advanced to the second round out of 63,000 applicants.In terms of sectors, the general and technology track saw 36.2% in information technology, 15.8% in bio and medical fields, and 10.8% in lifestyle. The local track had 45% in daily life, 38.8% in food and beverage, and 9.7% in beauty.Building on this, the Ministry plans to connect the expertise and support capabilities of various institutions, including large and mid-sized companies, universities, public institutions, and specialized organizations, to provide broader startup support tailored to the ideas and capabilities of participants in the second phase of 'Everyone's Startup.'Shinhan Square Bridge will support specialized industry development and open innovation in regions such as Seoul, Incheon, Daegu, Daejeon, and Jeju, with Daegu focusing on resource-related industries.The Gyeonggi Content Agency plans to enhance its support through a specialized incubation program in content IP, media, gaming, and AI. It will provide participants with practical knowledge, thematic training courses to build foundational investment and content technology skills, and one-on-one expert consulting to refine business models and prepare for investment. Following this, networking days, investment support, and connections to domestic and international exhibitions and markets will be organized to assist the growth of startup teams.The Gyeonggi Content Agency is the only public institution dedicated to promoting the content industry in Gyeonggi Province, equipped with support infrastructure and expert networks covering all genres of content, including games, video, animation, music, and publishing comics, as well as new technology fields like VR, AR, and AI.Tak Yong-seok, head of the Gyeonggi Content Agency, stated, "We will closely support aspiring entrepreneurs and early-stage startups in the content sector throughout the entire process, from education to securing investment, to help them turn their ideas into actual businesses."In the second phase, efforts have also been made to strengthen mentoring alongside the expansion of incubating institutions. To ensure the quality of mentoring, the criteria for mentor qualifications will be clearly defined, and a mentor will be limited to working with a maximum of two incubating institutions. The evaluation criteria for applications have been refined from three to a maximum of six.The selection process will require joint evaluations by three mentors and a review committee for each institution, and a verification model will be applied to check for AI generation rates and plagiarism of external materials.In response to suggestions from mentors in the first phase, the personal information of mentors disclosed on the 'Everyone's Startup' platform will be minimized.Noh Yong-seok, First Vice Minister of the Ministry of SMEs and Startups, stated, "In the second phase of 'Everyone's Startup,' we will open up more opportunities for the public to take on challenges, actively support re-challenges and startups in various fields, and create a foundation for growth within the startup ecosystem after the challenges."* This article has been translated by AI. 2026-09-16 17:20:00
  • Korean Action Film Revival Man: The Red Set to Energize Fall Box Office
    Korean Action Film 'Revival Man: The Red' Set to Energize Fall Box Office 관객들의 발걸음을 이끄는 풍성한 가을 극장가에 폭발적인 액션 쾌감을 선사할 다크호스가 등판했다. 굵직한 한국 영화들이 쏟아지며 기분 좋은 흥행 릴레이를 예고하는 가운데 영화 '부활남: 더 레드'가 경쾌한 액션으로 가을 극장가를 완벽하게 매료시킬 준비를 마쳤다.16일 오후 서울 송파구 잠실동 롯데월드타워에서는 영화 '부활남: 더 레드'(감독 백) 언론 시사회 및 기자간담회가 진행됐다. 이날 행사에는 연출을 맡은 백 감독을 비롯해 배우 구교환, 신승호, 강기영, 김시아가 참석했다.영화 '부활남: 더 레드'는 근거 없는 자신감이 유일한 스펙인 취준생 '석환'(구교환 분)이 죽은 뒤 72시간이면 부활하는 능력을 갖고 있다는 걸 알게 된 후, 의문의 추격을 당하며 펼쳐지는 이야기를 그린 다이내믹 액션 영화다. 영화 '뷰티 인사이드' '독전2' 백감독이 메가폰을 잡았고, '독전' '아가씨' '뷰티 인사이드' 용필름이 제작을 맡았다.메가폰을 잡은 백 감독은 죽음 이후 완벽하게 되살아난다는 파격적인 설정을 속도감 있게 스크린에 구현하는 데 집중했다.백 감독은 "영화의 제목이 모든 것을 말해준다. 주인공이 부활한다는 정보를 관객에게 미리 주고 시작하기 때문에, 이 인물을 어떻게 부활시키고 얼만큼의 속도감으로 액션과 밀접하게 표현할 것인가에 대한 고민이 깊었다"며 "기존 액션 영화들을 분석하면서 석환만의 차별화된 액션을 표현하는 데 신경을 썼다"고 연출 주안점을 밝혔다.이어 "극 중 '걱정마, 안 죽어'라는 석환의 대사가 있다. 이 대사가 캐릭터의 성격을 대변하기도 하지만, 어찌 보면 영화관을 찾아와 주시는 관객분들의 팍팍한 삶에 던져주는 응원의 메시지라고도 생각한다"고 덧붙였다.개성 넘치는 연기로 사랑 받아온 구교환은 부활할 때마다 점차 강해지는 주인공 '석환' 역을 맡아 극을 이끈다. 구교환은 "석환의 첫인상은 우리 주변, 바로 옆집에 살고 있을 것만 같은 평범한 청년의 모습이었다. 그런 인물이 사건을 겪으며 점차 성장해 나가는 모습을 연기하는 과정이 무척 즐거웠다";며 "실제로 주변의 친한 친구를 만나는 것 같은 친밀감을 느꼈다"고 캐릭터에 대한 애정을 드러냈다.고난도의 다양한 액션 연기에 대해서는 "특수효과에 기대는 씬도 있고, 초반에는 아날로그 방식으로 사람 대 사람의 격투를 벌이기도 한다. 가장 첫 번째 목표는 다치지 않고 안전하게 촬영하는 것이었고, 멋을 부리기보단 선을 크게 쓰지 않아도 괴력이 느껴지게끔 연기했다. 제 액션에서 쾌감이 느껴진다면, 그것은 오롯이 완벽한 리액션으로 합을 맞춰준 상대 배우들의 몫"이라고 답했다.타인을 조종하는 의문의 인물 '블랙' 역을 맡은 신승호는 압도적인 카리스마와 유창한 외국어 연기로 극의 긴장감을 팽팽하게 조인다.신승호는 "블랙은 인간 같아 보이면서도 동시에 괴물처럼 보이기를 바랐다. 겉으로 보여지는 피지컬이나 그가 내는 소리 등에 깊게 신경을 썼다";며 "외국어에 능하지 않은 편이라 현장에 늘 선생님이 상주하시며 발음을 잡아주셨다. 관객들이 보실 때 '저 배우가 이 작품 때문에 영어와 일어를 연습했구나'라는 생각이 들지 않도록, 완전히 자연스럽게 보이기를 바라는 마음으로 치열하게 준비했다"고 숨은 노력을 밝혔다.시사 후 쏟아진 '섹시한 빌런'이라는 호평에 신승호는 "섹시하게 느껴주셨다면 너무 좋지만, 그것이 극을 관통하는 저의 주된 목적은 아니었기에 마치 큰 상을 받은 기분";이라며 "감독님께서 블랙의 어둡고 초인적인 능력 외에도 비주얼적인 매력을 잘 디렉팅해 주셔서 감사한 마음";이라고 미소 지었다.이에 구교환은 "저는 현장 정면에서 블랙을 봤는데 정말 섹시했다. 극 중에서 틈만 나면 석환에게 같이 가자고 제안하지 않나. '이렇게 섹시한 사람이 나를 갖고 싶어 하다니'라는 생각이 들었다";고 너스레를 떨어 장내를 웃음바다로 만들었다.강렬한 캐릭터들 사이에서 강기영과 김시아는 자칫 무거워질 수 있는 극의 밸런스를 절묘하게 맞추며 풍성한 재미를 더한다.쓴소리를 아끼지 않으면서도 석환을 돕는 찐친 '영하' 역의 강기영은 "인간 병기급 캐릭터들 사이에서 지극히 평범한 인간을 연기했다. 석환과 얼마나 조화롭고 유쾌하게 극을 환기시킬 수 있을까를 고민했는데, 성공적인 유효타가 들어간 것 같아 만족스럽다";고 말했다. 카체이싱 장면에 대해서는 "기술이 좋아져 그래픽에 많이 기대야 했는데, 현장에서는 막연한 부분도 있었다. 하지만 구교환 선배님과 함께 재밌는 것을 다 쏟아붓자는 마음으로 임했다";고 촬영 비화를 전했다.석환의 동생 '예린' 역을 맡은 김시아는 나이답지 않은 성숙함으로 극의 중심을 잡는다. 김시아는 "영하(강기영) 오빠와 반대로 극의 무게를 잡아야 한다는 디렉션을 받았다. 예린이가 나이는 제일 어리지만 가장 어른스럽고 오빠들을 책임지려는 '장녀 모먼트'가 보이도록 노력했다";고 말했다. 구교환과의 남매 호흡에 관해 "실제로 남동생이 있는데, 구교환 선배님을 남동생이라 생각하고 연기해 현실 남매 케미가 나온 것 같다. 대선배님이신데도 장난도 많이 쳐주시고 친근하게 다가와 주셔서 감사했다";고 말해 훈훈함을 자아냈다.추석 연휴를 기점으로 수많은 한국 영화 기대작들이 극장가에 쏟아지는 가운데 배우들은 치열한 경쟁보다는 한국 영화 시장 전체의 파이가 커지길 바라는 넉넉한 마음을 전하며 예비 관객들을 극장으로 초대했다.신승호는 "정말 열심히 찍은 작품이다. 이렇게 개봉을 기다려본 적이 있나 싶을 정도로 설렌다. 많은 관심과 사랑을 부탁드린다";고 전했고, 강기영은 "욕심이 있다면 '부활남'이 잘 돼서 다양한 세계관으로 뻗어나갔으면 좋겠다";는 당찬 포부를 밝혔다.끝으로 구교환은 "추석을 앞두고 한국 영화들이 많이 개봉하는데, 관객분들이 극장에 오셔서 맛있는 메뉴를 고르듯 모든 영화를 다채롭게 즐겨주셨으면 좋겠다. 우리 영화도 다 같이 잘 됐으면 한다";며 "극장에서 '부활남'을 재밌게 보시고, 저녁엔 가을 전어를 드시며 소주도 한잔하시는 좋은 하루가 되시길 바란다";고 센스 넘치는 관람 독려 인사를 남겼다.화려한 볼거리와 짜릿한 쾌감으로 가을 극장가의 흥행을 정조준한 영화 '부활남: 더 레드'는 오는 9월 30일 개봉한다.* This article has been translated by AI. 2026-09-16 17:16:20
  • Hanjin Executives Inspect Delivery Operations Ahead of Chuseok
    Hanjin Executives Inspect Delivery Operations Ahead of Chuseok Hanjin conducted a safety inspection and delivery response check at its facilities ahead of the Chuseok holiday.On September 15, Hanjin's CEO Noh Sam-seok and President Cho Hyun-min visited the Dong Seoul Hub Terminal to assess operations during the Chuseok peak season and encourage on-site workers, the company announced on September 16.During the visit, Noh and Cho received reports on the operational status from the control room and inspected cargo loading and transportation routes. They then visited the loading and unloading areas to check the status of sorting equipment and safety management at the worksite. The executives reviewed the working environment and facilities before distributing encouragement items to workers, urging them to adhere to safety protocols and take adequate breaks.Hanjin plans to maximize operations at over 100 major terminals nationwide and increase staffing for sorting operations, as well as deploy additional temporary vehicles to ensure a safe working environment and uninterrupted deliveries during the Chuseok peak season.A Hanjin official stated, "We are focused on ensuring safety throughout the entire cargo movement process during the Chuseok peak season and creating an environment where workers can feel secure while performing their duties."Meanwhile, Hanjin is accelerating its smart logistics innovation by applying artificial intelligence (AI) technology to small delivery terminals in remote areas that may be vulnerable to safety management. The company completed system installations at over 20 terminals in peripheral regions, including Chungcheong and Gangwon, starting from more than ten terminals in the metropolitan area at the end of July.* This article has been translated by AI. 2026-09-16 17:16:10
  • LFs Hazzys Expands into Hong Kong Market
    LF's Hazzys Expands into Hong Kong Market LF's casual brand Hazzys has opened its first store in Hong Kong, marking an expansion into the Greater China market.On September 14, Hazzys announced the opening of its first store on the third floor of the SOGO department store in Causeway Bay, covering approximately 20 pyeong. The Hong Kong store features men's and women's clothing, as well as accessories, showcasing key collections such as Iconic and Hazzys Blue, all within a space that reflects the brand's British heritage.The product lineup has been tailored to suit the local climate. Considering Hong Kong's mild and humid weather year-round, the store emphasizes lightweight basic items. It also includes some 2026 spring and summer products alongside the fall and winter (FW) collection to flexibly respond to seasonal changes and local demand.Hazzys aims to leverage its brand recognition and business experience accumulated in the Chinese market to target not only local customers but also tourists from mainland China and global consumers. The brand plans to open six additional stores in Hong Kong over the next three years, expanding its distribution network primarily in major department stores and shopping malls. Additionally, it is looking to enter new markets in Thailand and India next year.An LF representative stated, "Based on our business experience in the Chinese market, we are expanding our customer touchpoints in the Greater China region. We will provide brand experiences that align with local customers' lifestyles and enhance our competitiveness in the global market."Meanwhile, Hazzys is expanding its global business by introducing products tailored to the lifestyles and cultures of different countries, while also broadening its new lines and utilizing character intellectual property (IP) and AI-based marketing.* This article has been translated by AI. 2026-09-16 17:16:00
  • Korea Eyes Golden Days at Aichi-Nagoya Asian Games on October 2-3
    Korea Eyes Golden Days at Aichi-Nagoya Asian Games on October 2-3 The Korean delegation is expected to secure the most gold medals during the Aichi-Nagoya Asian Games on October 2 and 3. Key events, including finals in archery, taekwondo, golf, sports climbing, and men's soccer, are scheduled for these two days, with a potential of up to 11 gold medals.Korea will send a total of 1,052 athletes and officials across 41 sports, participating in all events except cricket and padel. This marks the largest number of sports Korea has ever entered in the Asian Games.The delegation aims to win between 40 and 45 gold medals to maintain its position in the overall standings. Additionally, they seek to close the gap with Japan, which has finished second in the last two Asian Games held in Jakarta-Palembang in 2018 and Hangzhou in 2023.The Games will officially open on September 19 at the Paloma Mizuho Stadium in Nagoya, Aichi Prefecture, and will run for 16 days until October 4, featuring competitions in 43 sports and 71 events for a total of 469 gold medals.◆ First Gold Medal Expected on September 20The first gold medal for the Korean team is anticipated to come from modern pentathlon on September 20, with Seong Seung-min (Korea National Sport University) competing in the women's individual event. He is a strong contender, having won the individual title at the 2024 World Championships, becoming the first Korean woman to do so. He also earned a bronze medal at the 2024 Paris Olympics, making him the first Asian woman to reach the Olympic podium in modern pentathlon.On September 21, swimmers Kim Woo-min and Hwang Sun-woo (both from Gangwon Special Self-Governing Province) will compete for gold in the men's 800m freestyle relay. They will also participate in the men's 200m freestyle on September 23, with Hwang aiming for a second consecutive Asian Games title in this event.The fencing team will begin its gold medal pursuit on September 22, starting with the women's epee individual event, featuring Song Se-ra (Busan Metropolitan City Hall), the 2022 World Fencing Champion. On September 23, Olympic double champion Oh Sang-wook (Daejeon Metropolitan City Hall) will compete in the men's sabre individual event, with team events scheduled for September 25 (women's epee) and September 26 (men's sabre).◆ October 2-3: Potential for 11 Golds in Archery and TaekwondoThe Korean team's golden days are expected to be on October 2 and 3, just before the Games conclude on October 4. If all participating athletes perform at their best, Korea could secure up to 11 gold medals during this period.On October 2, the women's recurve team event, mixed team event, and men's recurve team event will take place. The men's team includes Kim Je-deok (Yecheon County), Kim Woo-jin (Cheongju City), and Lee Woo-seok (Kolon Xten Boys), while the women's team features Kang Chae-young (Hyundai Mobis), Oh Ye-jin (Gwangju Bank), and Lee Yoon-ji (Hyundai Mobis).In judo, Lee Hyun-ji (Yongin University) will compete for gold in the women's over 78kg category on the same day.The esports team will also compete in the League of Legends finals on October 2, led by coach Kang Dong-hoon, featuring players such as 'Zeus' Choi Woo-jae and 'Faker' Lee Sang-hyeok, who are looking to defend their gold medal from the Hangzhou Games.On October 3, the men's recurve individual event will continue, with Kim Woo-jin, a three-time champion at the 2024 Paris Olympics, leading the charge. He, along with Kim Je-deok and Lee Woo-seok, will compete together for the third consecutive major international multi-sport event.Taekwondo will aim for two gold medals on this day, with Kang Sang-hyun in the men's over 80kg category and Kim Yoo-jin (Ulsan Metropolitan City Sports Council) in the women's 57kg category. Kim Yoo-jin is a gold medalist from the Paris Olympics.This year's taekwondo competition features 11 gold medals across eight sparring events, two poomsae events, and one virtual taekwondo event, with Korea targeting 4 to 5 golds. In the previous Hangzhou Games, Korea secured five golds.Men's golf will also conclude its final round on October 3, with the competition starting on September 30 and running for four days. Players include Kim Joo-hyung and Kim Sung-hyun, who compete on the PGA Tour, and Moon Do-yeob, who plays in LIV Golf. Additionally, Seo Chae-hyun (Seoul City Hall) will compete for gold in women's lead climbing.The men's soccer team is also aiming for a spot in the finals on October 3. If they win gold, it will mark their fourth consecutive championship. They started strong with a 4-1 victory over Qatar in their first group match on September 15, thanks to a hat trick from Um Ji-sung (Swansea City). They will face Saudi Arabia on September 22, followed by quarterfinals on September 25 and semifinals on September 30, before potentially reaching the finals.◆ Anticipation for Korea-Japan Matchups in Team SportsBoth the men's and women's teams will compete in six team sports: baseball, softball, soccer, basketball, volleyball, and handball. Each sport has one gold medal at stake, but the collective achievements of the teams hold significant meaning.The women's handball tournament will feature a crucial match against Japan on September 27, which is essentially a gold medal decider. Korea lost to Japan by ten points in the finals of the previous tournament, and there is keen interest in whether they can avenge that defeat on Japanese soil.The men's handball team will need to finish in the top two of Group B to face the third or fourth place team from Group A in the quarterfinals. Given Japan's strong position in Group A, a potential Korea-Japan matchup may only occur in the semifinals.In hockey, the men's team will face Japan in their final group match on September 28, with a top-two finish necessary to advance to the semifinals. The women's team is in a different group, and both teams must survive the tournament to meet in the knockout stage.There is a high likelihood of a Korea-Japan matchup in baseball as well. If Korea finishes first in Group B, they will likely face Japan, the top team in Group A, in the first round of the Super Round on September 25. If they advance to the finals, they could meet either Taiwan or Japan for the gold medal.The softball team, aiming for its first medal in the Asian Games, will face Japan on September 30, a strong contender for the title.In basketball, a Korea-Japan matchup has already occurred, with the men's team defeating Japan 100-83 in the group stage on September 13, finishing first in their group with three consecutive wins. The team continued its momentum by defeating Jordan 114-80 in the quarterfinals, advancing to the semifinals. If both Korea and Japan reach the finals, they will meet again.Women's basketball and both men's and women's volleyball teams are in different groups, and whether they will face Japan will depend on their group stage results.In soccer, both Korea-Japan and North-South Korea matchups are on the line. The women's team will face North Korea in their third group match on September 21, following their 5-0 victory over Myanmar on September 14 and their second match against Bangladesh on September 17. If Korea finishes second in Group F and Japan tops Group E, a Korea-Japan semifinal could occur. The men's team is in Group D and will only face Japan and North Korea in the semifinals. 2026-09-16 17:12:20
  • Japan Plans to Cut Food Consumption Tax from 8% to 1% Amid Financial Concerns
    Japan Plans to Cut Food Consumption Tax from 8% to 1% Amid Financial Concerns Japan's government has approved a plan to reduce the food consumption tax rate from 8% to 1% for two years starting in April 2027. The initiative aims to eliminate the tax burden for low- and middle-income households by providing subsidies equivalent to the remaining 1%. The tax cut and subsidy program will require approximately 5 trillion yen (about $44 billion) annually, but specific funding sources have been postponed until the end of the year.According to the Yomiuri Shimbun on September 16, the approved plan includes a reduction in the food consumption tax and a subsidy system that varies based on income. The plan outlines a temporary measure until the new subsidy program is fully implemented. From April 2027 to March 2029, the food consumption tax will be set at 1%, with about 600 billion yen (approximately $5.29 billion) allocated annually to support low- and middle-income households. While the tax reduction will apply to all consumers purchasing food, the subsidies will only be available to those in lower income brackets. The subsidies will be distributed regardless of the amount spent on food, meaning individuals will not receive a direct refund of the consumption tax they paid.The government plans to implement both the tax reduction and subsidy payments during the 2027-2028 fiscal years, with a return to the 8% tax rate starting in April 2029, alongside an expansion of the subsidy program. The plan is designed to increase the net income of low- and middle-income workers, who face significant tax and social insurance burdens, thereby enhancing their work motivation. Additional payments will be provided for households with dependent children, although the income thresholds and amounts for the subsidies have yet to be determined. The Asahi Shimbun reported that if this tax cut is realized, it would mark the first reduction in the consumption tax rate since its introduction in 1989.According to the Yomiuri, the government and ruling party aim to submit a combined bill for the tax cut and subsidy program to the extraordinary Diet session, which is expected to convene as early as October 5, with a goal of passing it by November.Where Will the Funding Come From?The key issue remains funding. The Yomiuri reported that approximately 5 trillion yen is needed annually for the tax cut and subsidies. The government has stated it will seek to secure funding without relying on deficit bonds, proposing adjustments to subsidies and tax reductions in specific sectors. However, concrete plans will be determined during the budget formulation process for the 2027 fiscal year, which will continue until the end of the year. Among about 120 tax special measures set to expire by the end of March 2027, only three have been proposed for elimination by various ministries, and no significant cuts to subsidies have been suggested during the budget request phase.The Yomiuri noted that if the government fails to present a concrete funding plan by the end of the year, market perceptions may lead to increased bond issuance, potentially driving up long-term interest rates. The yield on Japan's 10-year government bonds, a key indicator of long-term rates, has risen from around 1.6% before the Takaiichi administration to approximately 3% currently. Toke Eiji, chief bond strategist at SBI Securities, estimated that at least 0.5 to 0.6 percentage points of the 1.4 percentage point increase in long-term rates since the administration took office can be attributed to concerns over fiscal deterioration related to the consumption tax cut.The Japanese government bases its budget for bond interest on market interest rates, meaning that rising rates will increase the burden of interest payments. According to the Yomiuri, the government is projected to spend about 16.5888 trillion yen on bond interest in the 2027 fiscal year, an increase of approximately 3.5 trillion yen compared to the initial budget for the 2026 fiscal year. As interest expenses rise, less funding will be available for other policies.Experts have differing opinions on the feasibility of securing funding. According to the Yomiuri, Professor Doi Takero of Keio University expressed concern that merely adjusting tax special measures and subsidies may not generate the necessary funds, potentially leading to reliance on increased tax revenues. Conversely, former Bank of Japan Policy Board member Kataoka Koshi believes that rising tax revenues due to inflation and economic growth, combined with non-tax revenues, could yield the required 5 trillion yen annually.Passing the legislation also poses a challenge. The ruling Liberal Democratic Party and the Japan Innovation Party hold 120 seats in the House of Councillors, just four short of a majority, meaning cooperation from the opposition is necessary for the bill to pass. However, no opposition parties have yet expressed support for the legislation. The government and ruling party are hoping for cooperation from Komeito, which holds 21 seats in the House of Councillors. On September 15, Democratic Party for the People leader Tamaki Yuichiro identified the lack of clarity regarding income thresholds for subsidy eligibility as a major issue.It remains uncertain whether the food consumption tax rate can be reverted from 1% to 8% after the tax cut ends in April 2029. The Asahi reported that to alleviate the household burden from the tax increase, the government plans to provide half of the subsidy for 2029 to those who received subsidies during the tax cut period earlier than the original payment date in the fall, specifically in April. The plan does not include a 'economic clause' that would allow for delaying the tax increase in the event of poor economic conditions. This decision follows Takaiichi Sanae's assertion that she would take responsibility for ensuring the tax rate is restored.However, the Asahi noted that the Abe administration previously delayed the increase of the consumption tax rate to 10% even after removing the economic clause. Given that the current situation requires a significant 7 percentage point increase from 1% to 8%, the restoration of the tax rate is likely to become a contentious issue in the summer 2028 House of Councillors elections.Toke warned in the Yomiuri that if the tax rate is not restored to 8% while the subsidy program is fully implemented, there is a risk of a downgrade in Japan's government bond credit rating.Meanwhile, the restaurant industry is concerned that the tax cut may lead to a decline in customers. While takeout meals will be taxed at the reduced rate of 1%, dining in will still incur the full 10% tax. According to the Nihon Keizai Shimbun, when a similar low tax rate was introduced for food in 2019, the number of customers in restaurants dropped by about 5% at one point. The plan also includes measures to support restaurants in diversifying their businesses, such as expanding takeout sales.* This article has been translated by AI. 2026-09-16 17:12:10
  • Climate and Environment Committee Reviews $1.8 Billion Supplementary Budget
    Climate and Environment Committee Reviews $1.8 Billion Supplementary Budget The Climate and Environment Committee of the Jeonnam Gwangju Unified Special City Council has completed its review of the 2025 fiscal year settlement and the first supplementary budget for 2026, deciding to enhance oversight not only in budget preparation but also in the execution process.According to the Jeonnam Gwangju Unified Special City Council on the 16th, the Climate and Environment Committee conducted its review during the third regular session, focusing on six departments: the Environmental and Forestry Headquarters, the Climate and Environment Bureau, the Waterworks Business Headquarters, the Corporate City Manager, the Strategic Industry Bureau, and the Energy Industry Bureau.The review aimed to ensure transparency in last year's budget execution and assess the necessity, urgency, and appropriateness of resource allocation for projects included in this year's first supplementary budget.During the settlement review, the committee closely examined the causes of unused and carried-over funds. For projects that were not executed on time despite having secured budgets, the committee analyzed the reasons and called for institutional improvements to reduce repetitive unused and carried-over funds, as well as for more efficient financial management.In the supplementary budget review, the committee focused on projects directly related to public welfare and the transformation of local industrial structures, including establishing a foundation for climate crisis response, ensuring stable water supply, and fostering future strategic and new energy industries.Specifically, the committee adjusted the budget for a total of 1.8 trillion won, reducing allocations for some projects deemed insufficiently advanced, such as the resource recovery facility installation project. This adjustment aims to ensure that limited resources are used effectively and in a timely manner based on project progress and budget execution feasibility.Since the establishment of the unified special city, the Climate and Environment Committee has addressed the transition of the energy, steel, chemical, and shipbuilding industries, climate crisis response, and the development of future energy industries, covering a broad range of regional industrial and environmental policies.Park Won-jong, chair of the Climate and Environment Committee, stated, “We will ensure that the approved budget is executed quickly and transparently in necessary areas, with thorough post-monitoring and management at the committee level.”The settlement and contingency expenditure approval for the 2025 fiscal year, along with the first supplementary budget for 2026, will undergo comprehensive review by the Budget Settlement Special Committee and is expected to be finalized at the third plenary session on the 18th.Meanwhile, the first Climate and Environment Committee of the first half includes Chair Park Won-jong (Yeonggwang 1), Vice Chair Kim Jang-gwon (Gwangyang 4), Kang Mun-seong (Yeosu 3), Shin Min-ho (Suncheon 6), Son Nam-il (Yeongam 2), Lee Jae-chang (Naju 1), Choi Kyung-mi (Gwangsan-gu 3), and Ko Seong-seok (Muan 1). * This article has been translated by AI. 2026-09-16 17:12:10
  • BGF Retail Opens Largest Logistics Center in Busan, Strengthening Global Supply Chain
    BGF Retail Opens Largest Logistics Center in Busan, Strengthening Global Supply Chain BGF Retail has launched its largest logistics center in the domestic convenience store industry in Busan, aiming to enhance its global logistics competitiveness.The opening ceremony took place on September 16 at the Busan Logistics Center, located in the Busan International Industrial Logistics City in Gangseo-gu. Key attendees included Hong Seok-jo, Chairman of BGF Group; Hong Jeong-guk, Vice Chairman of BGF Retail; Oh Jeong-hu, Head of the Strategic Innovation Division at BGF Retail; and Park Hyung-jun, Mayor of Busan, along with other local officials.The Busan Logistics Center spans approximately 14,300 pyeong (about 47,186.8 square meters) with a total floor area of around 38,700 pyeong (about 128,072.65 square meters). The investment of approximately 260 billion won marks the largest single logistics infrastructure investment by BGF Retail to date.BGF Retail initiated the construction of the Busan Logistics Center to respond to the growing number of CU stores and expand its product offerings while improving logistics efficiency. Following an investment agreement with Busan City in 2021, construction began in 2024 and was completed in July after about two years of work. Currently, a cold storage center is operational, with plans to complete the temperature-controlled center by the end of the year.The new logistics center will efficiently reorganize the delivery system for Busan and the Yeongnam region, serving as a key hub for supplying products to CU stores nationwide. Its strategic location near Busan New Port will also facilitate export and import logistics to countries such as Mongolia, Malaysia, Kazakhstan, and Hawaii.The center features automated systems, including a shuttle-based automated storage and retrieval system (AS/RS), auto labelers, and a digital picking system (DPS), enhancing the efficiency of product handling and reducing worker strain. This has earned it a preliminary certification of Grade 1 as a smart logistics center from the Ministry of Land, Infrastructure and Transport.Additionally, the center is equipped with solar power facilities capable of generating up to 2,700 megawatt-hours (MWh) of electricity annually. BGF Retail anticipates that the operation of the logistics center will contribute to job creation and economic revitalization in the Busan area.Hong Seok-jo, Chairman of BGF Group, stated, "The Busan Logistics Center will elevate CU's logistics competitiveness and solidify its status as a leading company in the industry. It will strengthen the competitiveness of franchise stores through stable product supply while serving as a growth engine for expanding into global markets."* This article has been translated by AI. 2026-09-16 17:12:10