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New President, New Rules: Is Your Business Ready?

2025.06.30.

Key policy shifts under the Lee Jae-Myung Administration and their implications for foreign businesses in Korea. 

 

President Lee Jae-Myung assumed office on June 4, 2025 – just one day after the presidential election, with no transition period. Backed by a strong legislative majority and facing few institutional constraints, his administration is poised to move quickly and decisively on its policy agenda. Early appointments and public statements point to key regulatory changes in labor, cybersecurity, and competition. Understanding these shifts will be critical for managing business and regulatory risks in South Korea.