The Government of the Republic of Korea began a second-round relocation process for public institutions in 2026, reviewing roughly 350 institutions based in the Seoul Capital Area. This issue tracks the principles for relocation, the planned finalization of the relocation plan in the fourth quarter of 2026, early relocations beginning in 2027, and the eventual selection of institutions and destinations.
4 events · 6 sources · Updated 23 days ago
Amid reports about possible institutions and destinations, the Ministry of Land, Infrastructure and Transport officially clarified that neither had been finalized.
The Government of the Republic of Korea listed the second-round relocation of public institutions as part of its agenda to strengthen local-led growth in its economic strategy for the second half of 2026.
The Government of the Republic of Korea announced five principles for reviewing the relocation of roughly 350 public institutions based in the Seoul Capital Area, including minimizing retention in the capital region and clustering institutions around existing innovation cities. It also set out a plan to finalize the relocation plan in Q4 2026 and begin early relocations in 2027.
YTN report on the September 4 finance union strike and its demands for a 4.5-day workweek, wage increases and opposition to relocating state-run banks
The Korean Finance Industry Union held its first general-strike rally on Sejong-daero in Gwanghwamun, Seoul, with opposition to relocating state-run banks among its key demands. The strike became a major labor-sector protest against the second-round relocation of public institutions.
Continues as a separate issueFinance Union Strike and State-Run Bank Relocation Dispute