The Ministry of Climate, Energy and Environment and the Korea Environmental Industry & Technology Institute are significantly expanding green bond and green ABS issuance support this year.
Support now covers SMEs’ working capital and extends interest cost aid up to three years, easing financial burdens.
Applications for green bond interest subsidy open June 12, and green ABS support starts June 21.
The government has resumed its full-time conversion support program after two years, expanding eligibility to companies with fewer than 30 employees.
Up to 600,000 KRW per month is provided for each worker converted to full-time, and 300,000 KRW per month for reduced working hours during parenting.
Efforts to close labor market gaps and support working parents will continue, with ongoing policy reviews and improvements.
The Korean government, in cooperation with Cambodian police, arrested 26 members of a scam ring impersonating state agencies in Phnom Penh.
The group defrauded 165 Korean citizens of over 26.7 billion KRW and forced female victims into sexual exploitation and video recording.
Authorities plan swift extradition and prosecution, along with support and prevention measures for victims, signaling a tough stance on transnational crime.
The National Tax Service has launched a task force to consolidate the collection of 284 trillion KRW in non-tax revenue.
Non-tax revenue, previously managed separately under over 300 laws, saw unpaid amounts rise from 19 trillion KRW in 2020 to 25 trillion KRW in 2024.
This integration aims to prevent fiscal revenue leakage and improve taxpayer convenience, with new legislation and system upgrades underway.
The Ministry of Culture, Sports and Tourism will invest 43 billion won to nurture over 3,400 content industry professionals in response to AI technology expansion.
In 2024, new initiatives like the Generative AI Content Academy and specialized training for international advancement are being launched.
Applicants can join programs according to annual schedules, with details available on KOCCA and EduKOCCA websites.
The Korean government plans to convert livestock manure into solid fuel, generating electricity for 38,000 households annually by 2030.
The Ministry of Agriculture, Food and Rural Affairs aims to utilize 1.18 million tons of manure per year and reduce greenhouse gases by 500,000 tons annually.
Expansion of 25 production facilities, quality improvements, and increased demand are expected to stabilize and enhance the renewable energy transition.