The South Korean government has finalized the 2027 budget guidelines to drive fiscal reform and national growth.
Key changes include strategic resource allocation, spending restructuring, and expanded citizen input.
The guidelines were approved on March 30 and will guide ministries’ budget requests through September.
President Lee Jae-myung has proposed abolishing the statute of limitations for state violence crimes in South Korea.
This policy aims to ensure accountability for crimes like the Jeju 4.3 Incident and prevent future occurrences.
The proposal is currently under discussion, with legislative changes anticipated due to the current parliamentary majority.
The Korean government has launched three new microloan products targeting youth and financially vulnerable groups.
These products offer low-interest loans and expanded support to improve financial inclusion.
The loans became available nationwide at 163 Miso Finance branches on March 31, 2026.
The Korean government has confirmed three urgent research projects to address public safety and disaster issues.
These projects focus on advanced drug detection, AI elevator safety, and early livestock disease detection.
Research institutions will be selected by July 29, with implementation continuing through 2029.
South Korea launched its Emergency Economic Headquarters to address risks from the Middle East crisis.
Key measures include supply chain monitoring, energy supply management, and financial market stabilization.
The first meeting was held on March 29, with ongoing implementation and coordination among agencies.
The Korean Ministry of Education announced the 2026 University and College Innovation Support Program, allocating KRW 1.38 trillion.
The initiative strengthens autonomous innovation, AI, and digital transition in higher education with performance-based funding.
The plan was unveiled on March 31, 2024, and targets 257 universities and colleges for the 2026 cycle.