Republic of Korea Policy Update: 2026-06-12
The Ministry of Science and ICT secured 14 new international standards for AI and 6G security, boosting Korea's role in next-gen tech. Meanwhile, the Ministry of the Interior and Safety expanded 21 public services—including mobile health insurance cards—to private apps. Additionally, the Ministry of Economy and Finance reported a 9.5 trillion KRW improvement in the fiscal balance for the first half of 2026 compared to last year.
Republic of Korea Policy Update: 2026-06-12
Key Policy and Legislative Changes
Ministry of Science and ICT — AI & 6G Security Standards Approved
The Ministry of Science and ICT successfully gained approval for 14 new information security technologies as international standards. Confirmed at an ISO/IEC meeting, this development means Korea will now lead global standard-setting in AI and 6G security. Korea achieved a total of 29 standardization outcomes at the meeting, significantly strengthening its competitive edge in next-generation communication technology.
Ministry of the Interior and Safety — Expanding Public Services to Private Apps
The Ministry of the Interior and Safety has expanded 21 public services, such as mobile health insurance cards and verification for national veterans, to be accessible through private mobile apps. This move is designed to increase the accessibility of government digital services and improve convenience for citizens.
Ministry of Economy and Finance — Fiscal Balance Improvement in H1 2026
According to the June 2026 "Monthly Fiscal Trends" report from the Ministry of Economy and Finance, the consolidated fiscal balance as of the end of April 2026 showed a deficit of 13.2 trillion KRW. However, the managed fiscal balance (excluding social security funds) stood at a 36.6 trillion KRW deficit, marking a 9.5 trillion KRW improvement compared to the same period last year. Total revenue reached 272.3 trillion KRW, while total expenditure was 285.6 trillion KRW.
Regulatory Improvements and Administrative Changes
Regulatory Innovation to Boost Corporate Investment
The Ministry of Economy and Finance is focusing on fostering an ecosystem where companies can invest and grow by reviewing regulations related to advanced strategic industries, firm size-based rules, and SME support programs. This regulatory innovation is a core task of the 2026 economic growth strategy.
Policy Impact and Outlook
Strengthening Industrial Competitiveness via AI & 6G Standards
Korea's leadership in developing AI and 6G security standards is expected to bolster global industrial competitiveness and expand the market presence of Korean companies in the next-generation communication sector.
Enhancing Digital Government Accessibility
Expanding 21 administrative services to private apps makes it easier for the public to access government services and accelerates the realization of a digital-first government.
Positive Trends in Fiscal Stability
The 9.5 trillion KRW improvement in the managed fiscal balance compared to last year suggests that the government’s efforts to strengthen fiscal health are paying off, providing a clear direction for fiscal management in the second half of the year.
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