In 2018, the South Korean government began promoting a “livelihood-improving” social overhead capital policy based on the concepts of an inclusive city, smart shrinkage, and the balanced development of metropolitan and provincial cities. Based on a review of the extant literature and relevant policies from South Korea, this study explores this policy’s implementation and makes some suggestions for its sustainability. This study compares the current state of South Korea’s urban facilities’ and the balance of their supply between metropolitan and provincial cities. To discern which type of facility central and local governments should prioritize, this study conducts a stepwise regression analysis and identifies which preexisting facilities influence the facility type proposed by the current policy. Results show that South Korea’s living infrastructure is well distributed among metropolitan and provincial cities. However, urban planning shows little consideration for minimizing the distance between facilities and residential zones. In terms of facility types, the supply of education and local community facilities was adequate throughout the country, while culture and art facilities were inadequate. In metropolitan cities, the supply of sports and leisure facilities was insufficient.