South Korea is launching new urban regeneration projects in 2024 to revitalize declining local cities.
The policy increases local government autonomy and funding for housing, commerce, and public amenities.
Project selection and implementation will occur in the first half of 2024, with details announced from March to June.
South Korea has approved a large-scale road improvement plan for six major metropolitan cities.
The initiative will invest 1.17 trillion KRW in 21 projects to ease chronic traffic congestion.
Implementation is set for the next five years, starting in 2024.
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.
The South Korean government is implementing new policies to strengthen the social safety net in 2024.
Key measures include tax debt relief for struggling business owners and expanded access to AI education and long-term care.
These initiatives are being rolled out nationwide, with applications open until December 31, 2028 for eligible programs.
South Korea is enhancing support for its athletes ahead of the 2026 Milan-Cortina Winter Olympics.
New measures include specialized training, on-site support, and expanded meal services for the national team.
The policy is active for the February 2026 Olympic Games, with preparations underway since January.
President Lee Jae-myung led a corporate roundtable to advance youth jobs and regional investment.
Ten major companies pledged 270 trillion KRW in regional investments and increased youth hiring.
The policy was announced at Cheong Wa Dae on February 4, 2026.