From January 2024, National and Basic Pension benefits are increased by 2.1%.
The monthly income ceiling for pension calculations will be raised to 6.59 million KRW and the floor to 410,000 KRW from July.
About 7.79 million basic pensioners and 7.52 million national pensioners will receive higher payments.
The Ministry of Economy and Finance and the Ministry of Science and ICT will permanently operate an 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 as major R&D funds.
Both ministries aim to enhance expertise and efficiency in budget allocation, applying these improvements from next year”s budget process.
Gov24 allows users to easily obtain five types of certificates needed for the 2025 year-end tax settlement until June 30.
The Ministry of the Interior and Safety offers a dedicated portal from June 12, accessible without membership and via various authentication methods.
Service stability and convenience are improved with queue display features and expanded mobile ID app support.
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 care before and after hospitalization, and the compensation cap will increase from 30 million to 50 million KRW.
Key strategies include simplifying application procedures, enhancing guidance for medical staff, and rationalizing system operations.
The Ministry of Climate, Energy and Environment and KEITI announced a major expansion of green bond and green ABS issuance support this year.
Revised green taxonomy now includes next-generation low-carbon technologies and operating funds, broadening support for SMEs.
Interest cost support is extended up to 3 years, with up to KRW 300 million per company, aiming to strengthen private-led green investment.
The government resumes the regular employment 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 offer up to 600,000 KRW and 300,000 KRW per month in support for workers and employers.
Efforts to close labor market gaps and ongoing policy reviews will continue to improve the system.