Six soon-to-be ex-ministers from President Yoon Suk Yeol’s Cabinet have been identified as “strong candidates” to represent the ruling party in the 2024 general elections, a party spokesperson said Tuesday. “The six soon-to-be ex-ministers, including Minister of Land, Infrastructure and Transport Won Hee-ryong, are currently being considered as strong candidates to represent our party for the .
AsiaToday reporter Park Ji-eunPresident Yoon Suk-yeol is likely to replace as many as 10 out of 19 ministers in a cabinet reshuffle as early as Monday..
Speculation is growing over how the reshuffle of President Yoon Suk Yeol's Cabinet will play out with less than five months left before the parliamentary elections, widely seen as a litmus test of public support for the conservative leader. More than half of the 19 members of the Cabinet are likely to be replaced over the course of the next month, according to ruling party sources cited by media reports Monday. .
Hana Financial Group on Monday announced the establishment of South Korea’s first privately led “venture fund of funds” with an investment of 100 billion won ($77.44 million). The announcement follows the Ministry of SMEs and Startups’ proposal last year to expand funding for venture capital and boost the startup industry together with the private sector. The launch ceremony, which was attende.
The American Chamber of Commerce in Korea on Tuesday hosted the AmCham SME Collaboration Forum in Seoul to explore diverse collaboration opportunities between global companies and Korean small and medium-sized businesses in the evolving field of artificial intelligence. Several key government officials from South Korea and the US, including Rep. Ahn Cheol-soo of the ruling People Power Party, and Andrew Gately, minis.