Emergency Economic Headquarters Meeting Held; Second On-Site Corporate Investment Support Plan Announced

On October 1, 2026, a meeting of the Emergency Economic Headquarters, concurrently serving as the Economic Ministers’ Meeting, was held at the Government Sejong Center in Seoul, chaired by Lee Hyeong-il, Deputy Prime Minister and Minister of Finance and Economy. At this meeting, a field-focused support plan for corporate investment and innovation, jointly prepared by relevant government ministries, was swiftly announced. The plan reflects a strong determination to restore economic vitality by incorporating on-site feedback and driving substantial investment execution.

Emergency Economic Headquarters Meeting Held; Second On-Site Corporate Investment Support Plan Announced

1. What does the announced support plan entail?

The core of this meeting was the second field-focused support plan for corporate investment and innovation, jointly released by the government and relevant ministries. The plan focuses on rapidly executing pending projects worth trillions of won to unlock private investment. It aims to create an environment where companies can invest with confidence by immediately resolving regulatory hurdles and on-site difficulties.

💡 Key Point
We will swiftly execute pending projects worth trillions of won to promote corporate investment.

2. What changes are expected for automobile factories and future industries?

Large-scale facility investments, such as the conversion of the Hyundai Motor Ulsan factory into a dedicated electric vehicle (EV) plant, will accelerate. As regulations that have been obstacles in core industries, including the automobile sector, are lifted, the transition to future vehicles is expected to be significantly expedited. The government aims to achieve both job creation and structural industrial improvement through these measures.

💡 Key Point
Major investment projects, including the EV conversion of the Hyundai Ulsan plant, will be accelerated.

3. Is there any news regarding asset formation and tax benefits?

The support plan for the “Our Children’s Independence Fund,” which lays a solid foundation for children until they reach adulthood, was also discussed. This fund offers exceptional conditions, including full tax exemption on interest and dividend income. It is expected to serve as a catalyst for helping the next generation build assets and alleviating the economic burden on households.

Frequently Asked Questions

When was this meeting held?

It was held on October 1, 2026, at the Government Sejong Center in Seoul, chaired by Lee Hyeong-il, Deputy Prime Minister and Minister of Finance and Economy.

What were the main agenda items?

The second field-focused support plan for corporate investment and innovation, jointly prepared by relevant ministries, and the support plan for the “Our Children’s Independence Fund” were discussed.

What is the content related to the Hyundai Ulsan factory?

The government will actively support the swift execution of pending on-site projects to accelerate the transition to electric vehicles.

What are the main benefits of the “Our Children’s Independence Fund”?

It includes a benefit of full tax exemption on interest and dividend income to help with asset formation until the child reaches adulthood.