The government has vowed to step up investment in industries with high growth potential such as biohealth, software and intellectual property.
It made the decision during a meeting with members of the ruling Democratic Party of Korea on Thursday.
The government plans to increase investment in these sectors to boost the country's human resources and global competitiveness in areas related to the fourth industrial revolution.
The meeting comes as recent reports show a slowing economy and sluggish job growth.
The government asked the public not to worry,... saying that its policies will start to bear fruit next year.