Ministry of Trade, Industry and Energy
Korea’s Prime Minister Attends Opening Ceremony of 2025 WCE
The 2025 World Climate Industry EXPO (WCE) opened on August 27 in Busan, Korea. This large-scale international event is co-hosted by the Korean government, the International Energy Agency (IEA), and the World Bank (WB) as the flagship of Energy Super Week, held from August 25 to ...
Aug 29,2025
Bank of Korea
Gross Domestic Product Estimates for North Korea in 2024
* North Korea’s economic indicators related to the national accounts, such as growth rate, industrial structure, economic size, and per capita GNI, are estimated based on South Korea’s prices and value-added ratios, and thus should not be directly compared with those ...
Aug 29,2025
Statistics Korea
The Index of Services in July 2025
□ In July, the Index of Services went up by 0.2% month-on-month owing to the rise in 'Wholesale and retail trade‘ and 'Information and communication' in spite of the drop in 'Financial and insurance activities’.
❍ In July, the Index of Services grew by 2.1% year-...
Aug 29,2025
Statistics Korea
Monthly Industrial Statistics, July 2025
1. Production Trend
□ The Index of All industry production in July increased by 0.3 percent from the previous month.
□ The Index of All industry production in July increased by 1.9 percent from the same period of the previous year.
□ The Manufacturing Production In...
Aug 29,2025
Ministry of Trade, Industry and Energy
Korea’s Retail Industry Grows 9.1% in July
The Ministry of Trade, Industry and Energy (MOTIE) announced on August 27 that Korea’s retail industry grew 9.1 percent year-on-year in July 2025, with offline sales gaining 2.7 percent and online sales surging 15.3 percent.
MOTIE's monthly retail sales figures are base...
Aug 28,2025
Bank of Korea
Economic Outlook (August 2025)
▣ GDP growth rate for 2025 has been revised slightly upward to 0.9% from 0.8% in May.
■ Consumption is improving and exports are stronger than expected, while construction investment remains weak.
■ Domestic demand is expected to continue its recovery, but exports are proje...
Aug 28,2025
Bank of Korea
★Monetary Policy Decision(August 28, 2025)
Monetary Policy Decision
The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 2.50% for the intermeeting period. With inflation remaining stable, economic growth, while there is still high uncertainty surrounding the economic growth...
Aug 28,2025