Korea Government Targets Inequality and Regional Economic Disparity

The government held an emergency meeting of economic ministers in Seoul to address widening economic polarization in Korea. Despite projections that Korea’s economy will grow by around 3.5 percent in 2026, the government noted that economic gains have bypassed significant segments of society. The government plans to narrow the

The government identified that rapid growth, driven by large corporations and exports, failed to sufficiently benefit small and medium-sized enterprises. Polarization was attributed to growth concentrated in the semiconductor and IT industries and the Seoul metropolitan area. The government aims to implement plans to address these structural economic factors.