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The Ministry of Land, Infrastructure and Transport announced a public hearing for a special law to promote modular construction.
Modular construction, which involves pre-fabricating building components off-site, offers reduced construction time and improved safety but faces regulatory challenges.
The government plans to establish a tailored legal framework, provide incentives, and implement certification systems to foster the modular construction industry.

The government announced a comprehensive strategy targeting the cultivation of 10,000 AI and deep-tech startups, creation of 50 unicorns/decacons, and annual venture investment of 40 trillion won.
The plan focuses on restructuring the venture ecosystem around technology, regions, talent, and capital, including GPU allocation, global expansion support, and retry policies.
It aims to improve venture capital fundamentals through Mother Fund 2.0, financial deregulation, tax incentives, and building an investment-recycling platform.

South Korea’s Ministry of Trade, Industry and Energy held talks with UAE’s Minister of Industry and Advanced Technology to discuss cooperation in AI data centers and oil stockpiling.
The ‘Stargate UAE’ project aims to build a 5GW AI computing cluster, with a 200MW cluster scheduled to begin operations next year.
Both sides agreed to expand the existing oil stockpiling collaboration and continue cooperation in upstream and downstream oil and gas sectors.

The Ministry of Employment and Labor announced the passage of amendments to the Employment Insurance Act and the Collection Act in the Cabinet meeting.
The payment period for substitute workers for parental leave will be extended by up to one month, and the upper limit for parental leave reduction benefits will be increased.
Due to the minimum wage increase next year, the upper limit for job-seeking benefits will rise to 68,100 won per day, and the 4.5-day workweek support project can be entrusted to the Korea Labor Foundation.

The Ministry of Personnel Management announced the conversion of the 9th grade civil service exam to the Public Service Aptitude Test (PSAT) and the establishment of an early promotion system for the 5th grade.
Regular inspections of high-ranking officials’ stock sales and blind trusts will be conducted, and the disciplinary period for stalking and pornography distribution will be extended to 10 years.
Personnel management will be reformed to focus on competency and performance from recruitment to position management, evaluation, and rewards.

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 KRW annually.