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Daegu, North Gyeongsang to form unified provincial gov't in July 2026

Leaders of the southeastern metropolitan city of Daegu, 240 kilometers from Seoul, and the surrounding North Gyeongsang Province on Tuesday agreed on plans to launch an integrated provincial government in 2026 with support from the central government.

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Despite failed Expo bid, Yoon pushes for Busan upgrade

South Korea on Tuesday announced a set of measures to boost Busan's economic growth, bolster job creation and improve access to key urban infrastructure, about three months after the city lost its bid to host the 2030 World Expo. Along with the announcement, President Yoon Suk Yeol held a public debate the same day at Busan City Hall, where he said the concentration of the population, companies and talent in the.

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New Gadeok airport to open in 2029, generate $22 bil. in economic effects

A new airport on Busan s Gadeok Island will open by the end of 2029 and is projected to generate an economic impact of nearly 29 trillion won ($22 billion), according to the Ministry of Land, Infrastructure and Transport, Tuesday.

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Posco vows to foster startups, regional economies

Representatives from South Korean steel giant Posco on Wednesday met with government officials to explore ways to boost Korean startups and revitalize the regional economy, discussing the performance of its in-house venture development platform and its future outlook. The meeting took place at Change Up Ground in Pohang, North Gyeongsang Province, one of its venture incubator facilities, with more than 40 people in a.

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