President Lee Jae-myung stressed the importance of transparent governance to the public.
The government will conduct briefings in front of the public and provide special rewards to dedicated officials.
To address polarization, the government plans to shift policy paradigms and promote social economy.
The government has decided to add superconductors, K-bio, K-digital healthcare, and K-content to its super-innovation economy project.
On the 16th, the Ministry of Economy and Finance held a meeting to announce the fourth implementation plan for the 15 major super-innovation economy projects.
The government plans to develop prototypes for various application fields within the next five years to lead industrial and technological innovation.
The government plans to invest 4.5 trillion won to expand overseas public-supported logistics centers to 40 by 2030.
The Ministry of Oceans and Fisheries announced the ‘Global Logistics Supply Chain Hub Strategy’ and plans to strengthen the functions and roles of port and maritime promotion corporations.
The ministry will focus on expanding logistics infrastructure in key overseas logistics hub countries 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 has signed an agreement with Incheon Bridge Co. to lower the toll.
This reduction is expected to save commuters 1.72 million KRW annually.
The government plans to invest 150 trillion won in advanced industries through the National Growth Fund by 2026.
Next year, over 30 trillion won will be managed to support advanced strategic industries and venture innovation companies.
Funds will be provided through various methods including ultra-low interest loans, direct investments, and indirect investments.
South Korea and the UK have concluded negotiations 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 major service markets.
The improved FTA is expected to enhance market accessibility between the two countries.