Korea’s business succession policy offers significant tax relief for family-owned restaurants passing ownership to the next generation.
Eligible businesses can reduce or eliminate inheritance and gift taxes by meeting specific legal requirements.
The policy is currently active, with practical guidance available for owners planning succession.
South Korea is decentralizing labor inspection authority and updating greenhouse standards.
The changes aim to improve oversight of small businesses and support disaster-resistant agriculture.
Implementation is underway, with new education and support measures in place.
The South Korean government has announced a comprehensive national startup platform and fund initiative.
This policy aims to discover 5,000 innovative entrepreneurs, with a focus on regional balance and AI-driven support.
The platform launches on March 26, 2026, with nationwide events and immediate recruitment.
South Korea’s Ministry of Trade, Industry and Energy is strengthening ESG supply chain compliance for SMEs.
A new platform and expanded consulting will help companies meet global standards and reduce administrative burdens.
Key initiatives begin in 2024, with a full platform launch planned by 2028.
South Korea is intensifying efforts to combat new types of phishing scams and fake accounts in the financial sector.
The government is strengthening detection capabilities and information sharing among financial institutions.
Key measures and collaborative actions are being implemented from April to the third quarter of 2025.
South Korea is responding to the prolonged Middle East conflict with a 25 trillion won war supplement budget.
Key measures include expanded fuel tax cuts, increased policy finance, and targeted support for vulnerable groups and SMEs.
Implementation begins in April 2024, with additional actions prepared if the situation persists.