South Korea is implementing a large-scale venture fund to support startups and address economic polarization.
The policy aims to foster innovation, create jobs, and promote balanced regional development.
The government announced the 4.4 trillion won venture fund initiative in January 2026.
The Korean government is considering doubling national funding for infrastructure in advanced industry clusters located outside the capital region.
This move aims to strengthen competitiveness in sectors like semiconductors, batteries, and biotech, while supporting regional growth.
Decisions will be finalized in the first half of 2024 following committee approval.
South Korea has established an inter-ministerial Youth Policy Council to coordinate youth-related policies.
The council aims to address youth employment, education, housing, and financial support through cross-government collaboration.
The first meeting was held on June 6, 2024, with quarterly sessions planned.
Korea’s Ministry of Trade, Industry and Energy is investing 4,645 billion KRW in automotive R&D and infrastructure in 2024.
The initiative targets autonomous, electric, and hydrogen vehicle technologies, supporting 44 new projects and regional business growth.
Funding and project details are available from June 6, 2024, with implementation underway.
South Korea is implementing stricter driving laws in 2024 to enhance road safety.
Key changes include harsher penalties for drug and alcohol offenses and practical license reforms.
Major updates take effect in April and October 2024.
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.