South Korea to Relocate Core Ministries From Seoul to Sejong by 2031

This is a long-horizon administrative reorganization rather than a market event, but its scale matters: nearly 10,000 civil servants relocating reshapes demand around Sejong and recalibrates how policy is made in Seoul. The inclusion of foreign, unification and defense ministries is the notable part, since those portfolios sit closest to security and diplomatic decision-making. Whether the 2031 deadline holds through future administrations is the open question, given how politically contested South Korean relocation plans have historically been.