Ministry of Trade, Industry and Resources

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol presided over the 6th Supply Chain Stabilization Committee Meeting at the Government Complex Seoul on Friday, October 31. The meeting reviewed recent developments in economic security and discussed (1) measur...

Oct 31,2025

Ministry of Trade, Industry and Resources

The Korean Agency for Technology and Standards (KATS, President Kim Dae-ja) under the Ministry of Trade, Industry and Resources (MOTIR) announced on Friday, October 31, that it has established and officially announced the world’s first Korean Industrial Standard (KS) for ph...

Oct 31,2025

Bank of Korea

□ In September 2025, the average interest rate on new deposits was 2.52%, up 3 basis points from the previous month. ― The average interest rate on outstanding amounts of deposits as of end-September was 2.04%, down 4 basis points from the previous month. □ In Septemb...

Oct 31,2025

Ministry of Trade, Industry and Resources

Vice Minister Moon Shin-hak of the Ministry of Trade, Industry and Resources (MOTIR) attended the 5th Battery Industry Day ceremony held on Thursday, October 30, at Josun Palace Seoul. Established to recognize the achievements of the battery industry and to foster unity among its...

Oct 31,2025

Ministry of Patriots and Veterans Affairs

The Ministry of Patriots and Veterans Affairs (Minister Kwon Oh-eul) announced that Major Charles J. Loring Jr. of the U.S. Air Force, who bravely sacrificed his life by steering his damaged aircraft into an enemy position during a close air support mission at Sniper Ridge near G...

Oct 31,2025

Ministry of Data and Statistics

1. Production Trend □ The Index of All industry production in September increased by 1.0 percent from the previous month. □ The Index of All industry production in September increased by 6.7 percent from the same period of the previous year. □ The Manufacturing Produc...

Oct 31,2025

Ministry of Trade, Industry and Resources

The Ministry of Trade, Industry and Resources (MOTIR, Minister Kim Jung-kwan) announced that it is hosting the Invest KOREA Summit (IKS), Korea’s largest foreign investment promotion event, from October 30 to 31 at the Grand InterContinental Seoul Parnas. This year&rsq...

Oct 30,2025

Ministry of Patriots and Veterans Affairs

The Ministry of Patriots and Veterans Affairs (Minister Kwon Oh-eul) announced that Prime Minister Christopher Luxon of New Zealand, following the visit of Australian Prime Minister Anthony Albanese, will pay tribute at the UN Memorial Cemetery in Busan at 4:30 p.m. on Thursday, ...

Oct 30,2025

Ministry of Agriculture, Food and Rural Affairs

The First Shipment of 1.5 Tonnes of Hanwoo Beef Starts its Entry into the UAESejong, 30 October 2025 — On 30 October 2025, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) held a ceremony to mark the first official shipment of “hanwoo” beef to the United Arab Emir...

Oct 30,2025

Ministry of Agriculture, Food and Rural Affairs

HANSIK Conference 2025: Global Culinary Experts Discuss the Value and the Future of Korean Fermentation Food   Sejong, 29 October 2025 — The Ministry of Agriculture, Food and Rural Affairs (MAFRA) and the Korean Food Promotion Institute (KFPI) will hold the HA...

Oct 30,2025