1. South Korea to join Horizon Europe under transitional arrangement. Research and Innovation.
January 1, 2025, the Republic of Korea will officially join Horizon Europe under a transitional arrangement, a significant step forward in global research collaboration. This allows Korean researchers and organizations to engage in Pillar II of the Horizon Europe programme, fostering partnerships and shared advancements. The agreement highlights the ties between the EU and Korea, with the formal Association Agreement expected later in the year. This collaboration promises to unlock new possibilities for scientific discovery and technological innovation on a global scale.
2. European Filmmakers find creative inspiration at Villa Busan residency
Giovanni Giovanetti and Cagla Zencirci, a French-Turkish filmmaking duo, found inspiration for their work during a residency at Villa Busan in South Korea. The residency, aimed at fostering collaboration between Korea and France, allowed them to immerse themselves in local culture and create a video installation, "Ghost & Found," which will be the foundation for a future film. The duo praised Busan's thriving independent film scene, emphasizing its strong cinephile audience and the city's deep cultural connections. Villa Busan, launched in collaboration with the French Embassy and Cannes, offers a creative space for international artists.
3. South Korea introduces special visa program to attract high-tech experts
The South Korean government has introduced a bill to attract foreign experts in high-tech fields such as artificial intelligence and electric vehicle batteries. The bill proposes a fast-track visa program offering benefits like family residence permits. This initiative is part of South Korea's strategy to compete globally for top tech talent, as it lags behind countries like Singapore and the U.S.
The bill has not yet been adopted. It was recently introduced by a group of lawmakers from the ruling People Power Party and is still under discussion before it can be approved and enacted.
4. Amidst Political Unrest, South Korea Seeks to Reassure Foreign Investors on Economic Stability
In the wake of political unrest surrounding President Yoon’s failed martial law, South Korean policymakers are working to reassure foreign investors of the nation’s economic stability. High-level meetings with foreign business communities, including AMCHAM and European chambers, have become frequent, emphasizing Korea’s resilience and commitment to a stable investment environment. Officials are striving to maintain confidence amidst growing concerns that political uncertainty could deter future investments.
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