ROK Government Policy Update: 2026-07-29
Over the last two days, the ROK government has been moving forward with key economic and social policy agendas, while the National Assembly is pushing to amend the National Assembly Act to improve legislative efficiency. An emergency response is underway as the heatwave alert has been upgraded to the highest level.
ROK Government Policy Update — 2026-07-29
Major Policy and Legislative Changes
1. Heatwave Alert Upgraded to Highest Level
On July 27, the Ministry of the Interior and Safety and the Central Disaster and Safety Countermeasures Headquarters raised the heatwave alert to the highest "severe" level. The government is advising citizens to refrain from outdoor activities during the day and is operating an emergency response system via the Central Disaster and Safety Countermeasures Headquarters.
2. Ministry of Finance and Economy Weekly Policy Schedule
The Ministry of Finance and Economy is conducting key policy schedules from July 27 to 31, including the announcement of KDI FOCUS. Among these, the presentation of research results on "policy tasks for the effective expansion of renewable energy supply" is scheduled.
3. National Assembly Act Amendment — Filibuster Ease and Fast-Track Shortening
On July 27, the ruling party announced plans to amend the National Assembly Act to realize a "working National Assembly" by easing the requirements to end unlimited debates (filibusters) and shortening the designation period for fast-track bills.
4. 2nd Joint Meeting on Peace and Safety in Border Areas Held
The 2nd Joint Meeting on Peace and Safety in Border Areas was held at the Seoul Government Complex at 10:00 AM on Monday, July 27. The meeting, presided over by the Minister of Unification, discussed policies related to peace in border areas.
Regulatory Improvements and Administrative Changes
1. Review of Regulations on Advanced Strategic Industries and SMEs
The Ministry of Finance and Economy announced that it will review regulations related to advanced strategic industries, company-size-based regulations, and support systems for SMEs to "build an ecosystem where companies actively invest and grow sustainably."
2. Mobile Sales of Cooked Food Permitted in Baseball Stadiums
According to the Regulatory Information Portal, a deregulation measure allowing the mobile sale of cooked food, such as hot dogs, in baseball stadium seating areas was posted on July 14, 2026.
3. Regulatory Rationalization Committee to Expedite Mega-Special Zone Regulations
The government stated its intention to promptly establish standards and regulations for products and services through Mega-Special Zones, with the Regulatory Rationalization Committee set to oversee and coordinate the regulatory sandbox and special zone systems.
Policy Impact and Future Schedule
1. Immediate Social Impact of Heatwave Response
The recommendation to refrain from outdoor activities due to the "severe" heatwave alert is an emergency government response prioritizing public health and safety. This is expected to have a broad impact on society, including medical services, emergency response, and power supply.
2. Revitalizing Corporate Investment through Regulatory Improvements
The review of regulations on advanced strategic industries and the push for regulatory rationalization are expected to lead to reduced establishment costs for SMEs and improved investment environments.
3. Faster Policy Implementation via Enhanced Legislative Efficiency
Easing filibusters and shortening fast-track periods are expected to reduce the time required for the government's policy-to-legislation process and increase the speed of legislation on major national issues.
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