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Korea unveiled a three-track economic-revitalization package this week, combining household debt relief, an industrial U-turn policy reset, and sovereign-AI capital injection.
The Saedoyak Fund completed its 5th buyback of 962 billion won in long-overdue debt held by 116,000 borrowers, lifting cumulative beneficiaries to 750,000 since the program began.
The Ministry of Trade, Industry and Energy unveiled a redesigned ‘U-turn’ framework to lower the bar for overseas factories to return home, with regional investment and advanced-strategic sectors as the new core.
The Korea National Growth Fund approved five projects, including a 370-billion-won direct investment in Furiosa AI, alongside next-generation bio/vaccine R&D and a domestic AI semiconductor program.

Marking its first anniversary, the Korean government unveiled three new policies in the same week from the meteorological administration, the IP office and the climate-energy ministry.
The heatwave-alert system was overhauled for the first time in 18 years, with two new categories — Severe Heatwave Warning and Tropical Night Advisory — and 235 special-warning zones, up from 183.
The IP office launched a one-month patent fast-track, with a battery firm registering a patent in 19 days and an AI start-up in 17 days, while IP financing reached 12.4 trillion won in 2025, up 14.8%.
From June 1, small-business operators get an electricity-tariff choice — KEPCO will automatically apply the cheaper of two rate structures each month, with over 7 billion won earmarked for efficiency upgrades.

Between May 28 and 29, 2026, the Korean government unveiled three flagship one-year reports of the Lee Jae-myung administration, covering diplomacy, trade and law in a single coordinated package.
On the diplomatic front the government framed a G7 debut, the Gyeongju APEC summit’s ‘Gyeongju Declaration’, $9 billion in pledged investments from seven global firms and an Nvidia commitment to supply 260,000 GPUs to Korea as proof that ‘Korea is back’.
The Ministry of Trade, Industry and Energy reported five flagship outcomes — the Korea–US tariff deal, the first-ever $700 billion in annual exports, a preemptive 2.1 trillion-won restructuring package for petrochemicals, an energy and resource emergency response and a 71.8% surge in foreign direct investment.
The Ministry of Justice rewrote the Civil Code for the first time in 67 years, introduced a stalking-victim protection order regime, expanded the public defender system to violent-crime victims and passed 38 statutes in twelve months.

On May 29, 2026, the Korean government rolled out three same-day briefings designed to safeguard daily life ahead of the first weekend of June.
The Ministry of the Interior and Safety opened early voting for the June 3 local elections at 3,571 polling stations nationwide on May 29-30.
Seven agencies — including the Korea Fair Trade Commission, the interior ministry, the culture ministry, the health ministry, the National Tax Service, the police, and Busan city — launched a triple round of joint inspections against price-gouging at Busan accommodations during the BTS concert weekend on June 12-13.
The Ministry of Health and Welfare and the Ministry of the Interior and Safety simultaneously inspected shelters and protection programs for rough sleepers and residents of low-income jjokbang rooms as an early heatwave gripped Korea.

On the eve of the administration’s first anniversary, Korea unveiled three flagship economic results on May 28-29, 2026
The National Pension Service raised its 2026 domestic equity target from 14
9% to 20
8%, while the Ministry of SMEs and Startups reported record exports of USD 118

On May 28, 2026, the Korean government released three major same-day briefings spanning defense, industry, and labor.
The Ministry of National Defense, led by Minister Ahn Gyu-back, conducted the 2026 Joint Firepower Drill at the Seungjin training range in Pocheon, Gyeonggi.
The Ministry of Industry unveiled the K-home-appliance ‘M.AX’ strategy, linking manufacturing-process upgrades with innovative products to push the sector out of a slump.
The Ministry of Employment and Labor released its first comprehensive-wage abuse inspection results to crack down on unpaid overtime.