From January 2024, National Pension and Basic Pension payments increase by 2.1%, with income ceiling adjustments set for July.
Approximately 7.52 million National Pension recipients and 7.79 million Basic Pension recipients will receive higher payments.
The Ministry of Health and Welfare plans to revise related notices and enhance guidance on these changes.
The Ministry of Economy and Finance and the Ministry of Science and ICT will operate a permanent R&D budget council starting this year.
Of the total 2024 R&D budget of KRW 35.5 trillion, 85.3% (KRW 30.5 trillion) is allocated to major R&D projects.
Both ministries aim to enhance efficiency and expertise in budget allocation through strengthened cooperation and communication.
The Ministry of the Interior and Safety has opened a dedicated portal on Gov24 from June 12 for easy issuance of five types of year-end tax documents.
Users can conveniently obtain key certificates like resident registration without membership, using various authentication methods, all free of charge.
To handle increased traffic during tax season, a queue system is implemented, and mobile ID and SNS guidance are enhanced.
The Ministry of Food and Drug Safety announced a five-year plan (2026–2030) to improve the drug side effect compensation system.
Coverage will expand to outpatient treatment before and after hospitalization, and the compensation cap will rise from 30 million to 50 million KRW.
Key strategies include streamlining application procedures, enhancing guidance for medical staff, and rationalizing system operations.
The Ministry of Climate, Energy and Environment and KEITI will significantly expand support for Korean green bonds and green ABS issuance this year.
The revised green taxonomy now covers next-generation low-carbon technologies like heat pumps and clean methanol, with interest cost support increased to up to KRW 300 million per company for up to three years.
SMEs can now receive support for working capital, improving access to green finance and boosting private-led decarbonization investment.
The government has resumed the regular employment conversion support program after two years, now including companies with fewer than 30 employees.
New policies such as the 10 a.m. parental start time and reduced working hours allow employees to work 15–35 hours per week without wage cuts, with various subsidies provided.
Efforts to address labor market disparities and ongoing policy reviews will continue to improve the system.