The prosecution office will be abolished in September next year… Transfer of budget authority to the Ministry of Economy and Finance.

Party, Government, and Presidential Office Finalize Government Organization Restructuring Plan
Abolishing Social Vice Prime Minister and Establishing Science and Technology Vice Prime Minister,
, ‘The Lee Jae-myung administration will abolish the prosecution office, which has existed for 76 years since the enactment of the Prosecution Office Act in 1949. Instead, they will establish the Serious Crime Investigation Agency, responsible for investigating major crimes, and the Public Prosecution Agency, responsible for indictment and maintenance, to separate investigation and prosecution functions.’
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, ‘The Ministry of Strategy and Finance will be divided under the Prime Minister’s Office into the Planning and Budget Office (minister level) responsible for budget and finance, and the Ministry of Finance and Economy (economic vice prime minister), overseeing tax and economic policy. The Social Vice Prime Minister will be abolished, and a Science and Technology Vice Prime Minister will be established. The Ministry of SMEs and Startups will have a dedicated second vice minister position for small business owners, and the Ministry of Employment and Labor’s Industrial Safety and Health Headquarters will be elevated to vice-minister level.’
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, ‘On the 7th, the Democratic Party, government, and the presidential office held a high-level party-government consultation at the Prime Minister’s official residence in Samcheong-dong, Seoul, and finalized the government organization restructuring plan. The Democratic Party plans to handle the proposed government organization law amendment on the 25th, making the goal of completing prosecution reform before Chuseok a realistic prospect.’
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, ‘There was significant disagreement between the party and the government regarding the oversight department for the Serious Crime Investigation Agency, which will be placed under the Ministry of the Interior and Safety rather than the Ministry of Justice. However, the implementation of the government organization law related to prosecution reform will be deferred for one year until September next year. The maintenance of the prosecution’s supplementary investigation rights and the establishment of the National Investigation Commission will be addressed as follow-up tasks after the government organization law is restructured. The government plans to set up an ‘Interagency Prosecution System Reform Task Force’ under the Prime Minister’s Office to draw up detailed plans.’
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, ‘The budgeting and finance functions of the Ministry of Strategy and Finance will be moved under the Prime Minister’s Office for the first time in 17 years. The Financial Services Commission will be essentially dismantled. Domestic financial policy will be transferred to the Ministry of Finance and Economy, and the FSC will be restructured into a Financial Supervisory Commission, responsible for financial supervision. The Consumer Protection Department of the Financial Supervisory Service will become the newly established Financial Consumer Protection Agency, and both the FSC and the FCPA will be designated as public institutions. The Statistics Korea and the Korean Intellectual Property Office will be elevated to the National Data Office and the Intellectual Property Office under the Prime Minister’s Office, respectively.’
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, ‘The energy functions of the Ministry of Trade, Industry and Energy will be integrated with the Ministry of Environment to create the Ministry of Climate, Energy, and Environment. The function of exporting nuclear power plants will remain within the Ministry of Trade, Industry and Energy. The Ministry of Gender Equality and Family will be expanded and reorganized into the Ministry of Gender Equality and Family. The Korea Communications Commission will be abolished, and a new Broadcasting, Media, and Communications Commission will be established. The structure of central administrative agencies will change from 19 ministries, 3 offices, 20 bureaus, and 6 committees to 19 ministries, 6 offices, 19 bureaus, and 6 committees.’