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Land Transaction Permit Zone Review Lifting Based on Results
D-54 Deadline December 31 · Land Transaction Permit Zone designation expires in 12 Gyeonggi regions
Photo: 연합뉴스
In short
Gyeonggi Province Governor Choo Mi-ae is requesting the government to quickly lift the Land Transaction Permit Zone (area-based real estate trading restrictions).
She stated that while it was effective in preventing speculation, it failed to lower rising home prices.
15 regions in Gyeonggi Province remain subject to Land Transaction Permit Zone restrictions.
Key facts
When
Statement made at the Gyeonggi Province state audit of the National Assembly's Land, Infrastructure and Transport Committee on the 19th.
Who
Governor Choo Mi-ae answered questions from People Power Party lawmakers Kim Eun-hye and Jung Hee-yong.
What
She stated that the Land Transaction Permit Zone, aimed at curbing speculation, needs to be lifted quickly based on its effectiveness.
How
She proposed targeted regulations at the eup-myeon-dong (district-level) unit and did not suggest an across-the-board lifting.
What it means for me
For residents in Gyeonggi Province's Land Transaction Permit Zones, the real estate transaction procedure varies depending on when restrictions are lifted.
Economy · Planned · 2 sources combinedp. 3 / 6
Daewoong Kium, CJ selected as new owner of JoongAng Ilbo
D-54 Deadline December 31 · Year-end goal for completing workout graduation
In short
A consortium of Daewoong Kium and CJ has agreed to acquire JoongAng Ilbo, which is undergoing workout (financial restructuring).
The consortium was selected as the preferred bidder in the main auction competed by six candidates.
The acquisition price is known to be in the 500 billion won range, with a goal to complete the sale by year-end.
Key facts
When
On the 19th, the Daewoong Kium and CJ consortium was selected as the preferred bidder.
Who
The consortium of Daewoong Group and CJ Group beat out five other candidates including Global Sea.
What
They are acquiring JoongAng Ilbo's management rights for around 500 billion won, while other candidates offered 300 billion to 400 billion won.
How
Through third-party paid-in capital increase method, the proceeds from new stock will be used for debt repayment.
What it means for me
As news of a media company ownership change, the direct impact on general readers is not significant.
Economy · 2 sources combinedp. 4 / 6
Lotte Innovate unveils AI traffic technology
Deadline Deadline October 23 · Gangneung ITS World Congress exhibition end date
Photo: 연합뉴스
In short
Lotte Innovate participated in a transportation expo held in Gangneung.
It operated a driverless autonomous shuttle on actual roads.
It also demonstrated technology for paying tolls using only license plates without Hi-Pass devices.
Key facts
When
The event runs from October 19 to 23, 2026 in Gangneung, Gangwon Province.
Who
Lotte Innovate participated in the 2026 ITS World Congress.
What
It displayed next-generation transportation systems, AI smart tolling, and autonomous shuttle technology.
How
The driverless shuttle 'Mubu' actually drove on roads between the Olympic Museum and Gangneung Beach.
What it means for me
Visitors to Gangneung can directly experience autonomous shuttles and remote control operations until October 23.
Economy · 2 sources combinedp. 5 / 6
Startups Under 7 Years Old About 100 Companies Recruited
D-6 Deadline November 13 · IBK Creative Economy Support Innovative Startup Application Deadline
Photo: 연합뉴스
In short
IBK Corporate Bank will select and support 100 startups.
Any industry is eligible if the company was founded less than 7 years ago.
Apply on the homepage by 2 p.m. on November 13th.
Key facts
When
Applications are accepted from October 19th to 2 p.m. on November 13th.
Who
Startups founded less than 7 years ago with no industry restrictions are eligible.
What
About 100 companies will be selected across 6 centers: Mapo, Guro, Busan, Daejeon, Gwangju, and Daegu.
How
Support includes investment/financing, mentoring, overseas accelerating, and office space.
What it means for me
If you're a startup under 7 years old, check your eligibility and the application deadline.
Self-employed business owners considering expansion may also apply for support after converting to a corporation and meeting requirements.
Economy · 2 sources combinedp. 6 / 6
Paprika prices down 48% Government launches discount drive
Deadline Deadline October 28 · National Agricultural Cooperative Federation Hanaro Mart agricultural product discount event ends
Photo: 연합뉴스
In short
Paprika, tomatoes, and Shine Muscat grapes are much cheaper than average.
Good weather increased production, lowering prices.
The government and National Agricultural Cooperative Federation launched discount events and consumption promotion.
Key facts
When
The Ministry of Agriculture, Food and Rural Affairs announced it on October 19, and the cooperative discount runs through October 28.
Who
The Ministry of Agriculture, Livestock and Food, the National Agricultural Cooperative Federation, producer groups, and local governments are participating.
What
Lower-priced farm products including paprika, tomatoes, Shine Muscat grapes, zucchini, and cucumbers.
How
Government provides up to 20% support; cooperative offers 13-28% discounts by product and export assistance.
What it means for me
Consumers can buy paprika, tomatoes, and other produce cheaper than usual.
You can use free cucumber giveaway events during weekend hiking.
