| Mobile Web

Search results for People Power Party

Industry

Semiconductor export boom swells Korea budget, setting up September parliamentary clash

South Korea’s government budget for 2027 is set to rise sharply as a semiconductor export boom lifts tax revenue, raising the stakes for a September parliamentary session over how to allocate funds. The plan boosts spending to 820.9 trillion won and lifts revenue to 880.8 trillion won, led by a jump in national tax receipts. Funding for semiconductor and AI initiatives rises, including a new semiconductor special account, while debates centre on tax credits, infrastructure support and an exception to the 52-hour workweek cap.

Telecommunications & Media

Sci-tech media panel passes ruling party-led resolution urging Lee Jin-sook to recuse herself

South Korea\'s National Assembly Science, ICT, Broadcasting and Communications Committee on Monday passed, led by the ruling party, a resolution urging People Power Party lawmaker Lee Jin-sook (이진숙) to refrain from speaking and voting on agenda items involving herself. People Power Party members, including Lee, protested the item being tabled and walked out before the vote. Democratic Party lawmakers criticised Lee, while the opposition demanded the agenda change be withdrawn.

Industry

Tech Developers Day designated as statutory national commemoration; 55 R&D contributors honoured

South Korea has designated Tech Developers Day as a statutory national commemoration for the first time this year to recognise the work of research and development personnel. The Ministry of Science and ICT held a ceremony in Seoul on Sept. 7 and presented awards to researchers and companies that contributed to strengthening technological competitiveness. The ministry said it granted 55 government awards, including medals, orders and presidential and prime ministerial citations, along with additional vice prime minister citations and outstanding researcher awards.