metaqsol The government has decided to add superconductors, K-bio, K-digital healthcare, and K-content to its ultra-innovative economy project.
On the 16th, the Ministry of Strategy and Finance held a meeting to announce the fourth implementation plan.
With this announcement, all 20 tasks of the 15 leading ultra-innovative economy projects have been confirmed.
The government plans to invest 4.5 trillion won by 2030 to expand overseas public-supported logistics centers to 40 locations.
The Ministry of Oceans and Fisheries announced the global logistics supply chain hub strategy, aiming to strengthen the roles of port and maritime promotion corporations.
The ministry will focus on expanding logistics infrastructure in key overseas locations and establishing a support system for logistics companies’ overseas expansion.
Starting at midnight on the 18th, the toll for Incheon Bridge will be reduced by 63%.
The Ministry of Land, Infrastructure and Transport announced an agreement with Incheon Bridge Co. to lower the toll.
This reduction is expected to save commuters 1.72 million won annually.
The government plans to operate the National Growth Fund, investing 150 trillion won in advanced industries over the next five years.
Next year, more than 30 trillion won will be managed to support advanced strategic industries, venture innovation companies, scale-ups, and regional growth.
Announced at the Industrial Competitiveness Enhancement Ministers’ Meeting, this plan targets various advanced industries such as semiconductors, secondary batteries, and vaccines.
South Korea and the UK have reached an agreement to improve their Free Trade Agreement (FTA).
The agreement includes easing origin standards for key exports like automobiles and K-food, and opening up the UK high-speed rail and service markets.
The deal also introduces new trade norms such as digital trade regulations and supply chain cooperation, expected to strengthen economic ties between the two countries.
The Ministry of Climate, Energy, and Environment plans to support 3.5 million heat pumps by 2035 to reduce 5.18 million tons of greenhouse gases.
Priority will be given to areas without city gas, social welfare facilities, and facility farms.
Heat pumps are eco-friendly devices that can replace fossil fuel heating, and the ministry will support the development of various types of heat pumps.