[2026-01-27]Korea Approves Key Fiscal Projects for 2024: Rural Income, Energy, and More

The Ministry of Economy and Budget held the 1st Fiscal Project Evaluation Committee of 2024, approving the validity of five new projects and two re-examined plans.
Major initiatives include the Basic Rural Income Pilot, Integrated Medical and Care Support, Overseas Expansion for Distribution Companies, and AI-based Distributed Energy, with total budgets reaching up to KRW 1.2676 trillion.
Relevant ministries plan to swiftly announce and implement these projects, aiming for tangible public benefits, balanced regional development, and the activation of new energy industries.

[2026-01-27]One-Stop Reporting System to Block Illegal Private Lending in Korea

The Financial Services Commission (FSC) has announced a revision to the Enforcement Decree of the Lending Business Act to strengthen support for victims of illegal private lending.
From January 26 to March 9, 2026, the draft will be open for public comment, enabling victims to access all relief procedures with a single report.
The expanded role of the Credit Counseling & Recovery Service and related agencies is expected to accelerate victim support and block illegal lending activities.

[2026-01-27]PPS Expands 2026 Overseas Public Procurement Support for SMEs and G-PASS Firms

The Public Procurement Service has finalized its 2026 plan to boost support for SMEs and innovative companies entering overseas public procurement markets.
The total support budget will increase to KRW 1.8 billion and demonstration funding to KRW 20 billion in 2026, with new programs for G-PASS enterprises.
PPS aims to strengthen global competitiveness by expanding international cooperation and tailored support for Korean suppliers.

[2026-01-26]RDA Develops AI-Powered Crop Trait Analysis Automation Technology

The Rural Development Administration has developed an automated crop trait analysis technology by combining phenotyping and artificial intelligence.
This innovation reduces analysis time from up to a week to an average of 30 minutes and achieves over 90% accuracy.
The technology is protected by 4 patents, 1 paper, and 1 copyright, and will be transferred to industry and expanded in the field.

[2026-01-26]Sewoon District 4 Redevelopment Faces UNESCO Inspection and Legal Hurdles

The Cultural Heritage Administration has called for a full review of the Sewoon District 4 redevelopment due to legal non-compliance and concerns over the preservation of the UNESCO-listed Jongmyo Shrine.
With excavation incomplete and no detailed preservation plan submitted, construction cannot legally proceed; the Heritage Committee deferred its decision in January 2024.
If Seoul City fails to respond to UNESCO by January 30, the administration plans to request an immediate on-site inspection.

[2026-01-26]Innovative Medical Devices to Enter Market in Just 80 Days

The Ministry of Health and Welfare and the Ministry of Food and Drug Safety will implement the Immediate Market Entry Medical Technology system from January 26, 2026.
With this system, medical devices that pass international-level clinical evaluations can enter the market in as little as 80 days without separate new technology assessments.
Patient safety and non-reimbursement management will be strengthened, covering 199 items including digital medical devices.