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[2026-01-24]MSIT Significantly Increases 2024 Budget for Public R&D Commercialization

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The Ministry of Science and ICT (MSIT) is boosting its 2024 budget for public research commercialization and academia-industry cooperation to 487.93 billion KRW, an 88.7% increase from last year.
Key programs such as support for public research commercialization and startup assistance, as well as academia-industry cooperation, will receive 93.05 billion KRW and 56.93 billion KRW respectively.
With new project announcements and diversified support, the spread of research results to the market and technology commercialization are expected to accelerate.

[2026-01-24]Korean Government Launches 731.8 Billion KRW Fund to Boost K-Culture

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The Ministry of Culture, Sports and Tourism is creating a 731.8 billion KRW content policy fund to accelerate the K-Culture 300 trillion KRW era.
This is the largest fund ever, up 22% from last year, including 650 billion KRW for culture and 81.8 billion KRW for film across five sub-funds.
By expanding incentives for private investors and focusing on new growth areas, the initiative aims to ensure stable growth and global competitiveness for Korea’s content industry.

[2026-01-24]How Korea Is Strengthening School Complaint Response and Teacher Protection

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Teachers in Korea can no longer receive school complaints via personal contacts or SNS; only official school channels are allowed.
On June 22, 2024, the Ministry of Education announced comprehensive measures in Daejeon, including stricter penalties for malicious complaints and a unified complaint system.
These policies aim to shift complaint handling and teacher protection to the institutional level, enhancing school environments through central and regional cooperation.

[2026-01-24]Korean Government Launches 4.4 Trillion Won Venture Fund for AI and Regional Growth

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The Korean government is establishing a 4.4 trillion won venture fund to boost AI and deep tech unicorns and expand regional venture investments.
The Ministry of SMEs and Startups and partners will invest 2.1 trillion won, focusing 1.3 trillion won on AI and deep tech and 230 billion won on the largest-ever regional growth fund.
Policies include activating the exit market, launching global funds, and supporting startups and re-challenges, with a goal to create over 3.5 trillion won in regional sub-funds by 2030.

[2026-01-24]Key Points and Common Mistakes in Korea’s Year-End Tax Deductions

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The National Tax Service has highlighted common mistakes in year-end tax deductions for employees.
Key updates include dependent income limits, requirements for rent, housing loans, and medical expense deductions.
Over-claimed deductions may result in additional taxes and penalties, so careful review is essential.

[2026-01-23]Korea Repatriates 73 Suspects in Record-Breaking Transnational Scam Case

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A special task force has successfully repatriated 73 Korean nationals from Cambodia, accused of defrauding 869 victims of approximately 48.6 billion KRW through various scams.
This record-breaking repatriation, ordered by President Lee Jae-myung, follows a long-term pursuit by a dedicated investigation team that identified seven scam complexes and apprehended suspects involved in romance scams, deepfake fraud, and investment schemes.
Upon their arrival at Incheon Airport on January 23, 2026, the suspects will face thorough investigation and legal processing, with the government vowing to pursue asset recovery and continue its crackdown on overseas-based transnational crimes.