Overview

• A new government task force will be launched to rationalise excessive economic punishments, with a focus on easing breach of trust charges that business leaders say hinder corporate activity
• The administration will pursue legislative and regulatory reforms in the upcoming National Assembly session to update outdated commercial, labor and governance laws
• A 100 trillion-won public-private fund will be established to channel investment into strategic sectors such as artificial intelligence, semiconductors and renewable energy
• The Lee government is pressing for passage of the Labor Union Act, known as the “yellow envelope law,” to broaden worker protections and limit corporate claims over lawful union activities
• Lee urged a profound review of inefficient projects and mandatory expenditures to normalise budget management and support sustained economic growth