The Ministry of Justice has approved an amendment to modernize the Civil Code, starting with contract law regulations.
The amendment allows for the adjustment of statutory interest rates by presidential decree and includes provisions to cancel declarations made under gaslighting.
This reform aims to protect citizens’ rights and improve the efficiency of resolving contract disputes.
Starting at midnight on the 18th, the toll for Incheon Bridge will be reduced by 63%.
The Ministry of Land, Infrastructure and Transport has signed an agreement with Incheon Bridge Co. to lower the toll.
This reduction is expected to save commuters 1.72 million won annually.
The Ministry of Trade, Industry and Energy selected Chungbuk’s secondary battery specialized complex and Busan’s power semiconductor specialized complex as this year’s excellent complexes at the 2025 Specialized Complex Integrated Performance Sharing Conference.
Chungbuk attracted a total of 5 trillion won in private investment based on LG Energy Solution’s large-scale investment, while Busan successfully established the SiC power semiconductor ecosystem.
Noh Sung-hwa, Director of Industrial Supply Chain Policy at the Ministry, emphasized the continuous strengthening of capabilities as the specialized complexes evolved into innovative clusters in 2025.
Saemangeum Development Agency held a briefing session on the secondary battery brine wastewater treatment technology development project.
The project is promoted by the Ministry of Climate Energy Environment and will invest a total of 37 billion KRW from 2026 to 2030.
Saemangeum Development Agency plans to support the efficient consortium by establishing cooperation systems between research institutions and companies.
The Ministry of SMEs and Startups has approved a revision to the law to recognize companies that have resolved exclusion reasons as startups.
According to the revision, companies that resolve exclusion reasons within seven years from the start date will be recognized as startups.
The revised enforcement ordinance will take effect on January 1, 2026, and will apply to companies that resolve exclusion reasons before the implementation date.
The Ministry of Health and Welfare announced its vision for ‘a welfare strong nation where all citizens are happy’.
They have strengthened the social safety net by increasing the median income level and easing medical benefit requirements.
Various policies are being implemented to respond to changes in demographics and AI transformation.