Archive page 28

South Korea’s economy is slowing, with growth projections downgraded to 1.5% and interest rates cut to 2.75%. As Trump’s trade policies fuel uncertainty, concerns grow over capital outflows, inflation, and a weaker won. Can fiscal stimulus avert a deeper downturn?

Trump introduces the "Gold Card" visa, allowing foreign nationals to buy U.S. green cards for $5M. The EB-5 program is abolished—what does this mean?

South Korea’s life satisfaction is falling for the first time in four years. Despite economic success, rising stress, social isolation, and suicide rates are worsening.

Busan’s student population is plummeting as birth rates hit record lows. Schools are closing, families are leaving, and entire districts face extinction.

Gyeongnam Province lifts 10.92 million sqm of greenbelt for logistics, R&D, and urban expansion. Major projects in Jinhae, Changwon, and Gimhae to drive industrial growth, create 49,000 jobs, and position the region as a key economic hub.

Busan’s science and technology graduates face growing employment challenges, with many struggling to find stable, high-paying jobs. A new BISTEP report highlights alarming trends, including high non-regular employment rates, wage disparities, and a worsening brain drain.

Busan secures the largest development expansion in 17 years as South Korea lifts restrictions on 16,528,925 square meters (1,652 hectares) of land. With major projects in AI, logistics, and smart cities, the city aims to become a global economic hub.

Busan is strengthening its role as a global electric vehicle (EV) hub, with Mayor Park Heong-joon meeting Renault Group VP Thierry Charvet to discuss future investment and EV production expansion.