Smart regulation push, Middle East diplomacy and defense continuity — Ep. 128

This week’s episode begins with a look at the government’s newly introduced “smart regulation” initiative, which aims to streamline rules while preserving those deemed essential. Particular attention is given to labor-related regulations, including the 52-hour workweek, where the government appears reluctant to pursue reforms sought by industry despite signaling openness to deregulation. On the economic and energy front, the episode explores South Korea’s response to instability in the Middle East, highlighting a series of diplomatic visits that secured agreements for crude oil and naphtha supplies. While these deals amount to roughly three months of typical imports, the discussion underscores that they remain contingent on uncertain delivery conditions amid ongoing conflict, with shipping disruptions and regional tensions still unresolved. On the security front, the discussion turns to alliance coordination, including ongoing U.S.-ROK joint air drills aimed at countering North Korean threats. The hosts note that these exercises continue largely unaffected by developments elsewhere, even as reports emerge of potential new U.S. military planning in other regions, which could complicate alliance dynamics. Finally, the episode looks at upcoming political and institutional developments, including a delayed confirmation hearing for the Bank of Korea governor nominee and the nomination of a new U.S. ambassador to South Korea.  About the podcast: The Korea Pro Podcast is a weekly conversation hosted by Korea Risk Group Executive Director Jeongmin Kim, Managing Editor John Lee and correspondent Joon Ha Park, delivering deep, clear analysis of South Korean politics, diplomacy, security, society and technology for professionals who need more than headlines. Uploaded every Friday. This episode was recorded on Thursday, April 16th, 2026. Audio edited by Alannah Hill