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Japan Redraws the Boundaries of Economic Security: Implications of the 2026 Amendment for Korea

Author

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  • Jeonghwan Choi

    (Korea Institute for Industrial Economics and Trade)

Abstract

Japan’s amended Act on the Promotion of Ensuring National Security through Integrated Implementation of Economic Measures, known as the Economic Security Promotion Act (ESPA), cleared the House of Councillors in June 2026. The amendment does five things: it widens the range of support available for securing a stable supply of specified critical materials, and so strengthens supply chains; it brings an additional industry within the critical infrastructure services regime and improves how that regime is administered; it expands the set of funds eligible to support the development of advanced technology; it extends support to overseas projects that matter for economic security; and it establishes a dedicated research organization and a public-private council for economic security. What stands out in this amendment is that the territory covered by Japan’s economic security legislation has expanded from the tangible to the intangible and from domestic activities to overseas activities. This study examines what is new in the amended ESPA and sets out the implications for Korea’s economic security policy.

Suggested Citation

  • Jeonghwan Choi, 2026. "Japan Redraws the Boundaries of Economic Security: Implications of the 2026 Amendment for Korea," Research Papers 023561, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kietrp:023561
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    JEL classification:

    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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