With the adjustment, which came about a year after improved security conditions following last year's Middle East escalation, residents and other South Korean expats in Israel are no longer advised to leave the country. However, travelers are still recommended to refrain from visiting the region.
Travel bans also remain in place for Gaza and areas near the Lebanon border.
The ministry said it will continue monitoring the situation and consider further adjustments if necessary.
Meanwhile, North Korea on Wednesday condemned U.S. President Donald Trump's recent comments that came after a meeting with Israeli Prime Minister Benjamin Netanyahu last week, in which he abruptly brought up his spontaneous idea of Gaza turning into a Mediterranean resort.
"The world is now boiling like a porridge pot over the U.S.' bombshell declaration," the official state-run Korean Central News Agency (KCNA) lambasted. "The U.S. should wake up from its anachronistic delusion and immediately stop violating the dignity and sovereignty of other countries and peoples," it added.
Trump's proposal for the U.S. to "take over" and "own" the devastated Gaza while resettling Palestinians elsewhere resembles the ex-real estate developer's earlier comments about North Korea's coastal condominiums.
"I think [North Korean leader Kim Jong-un] has tremendous condo capabilities. He's got a lot of shoreline," he said on his first day in office last month, referring to a tourism zone in Wonsan, Kangwon Province, which many pundits speculated could hint at a possible small deal with North Korea in exchange for denuclearization.
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