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Ministry of Trade, Industry and Energy

Korea Trade Commission Recommends Price Undertakings for Chinese Hot-rolled Steel Plates

The Korea Trade Commission (KTC) under the Ministry of Trade, Industry and Energy held its 463rd KTC meeting on Thursday, August 28, 2025, to deliberate and resolve one anti-dumping investigation and four intellectual property (IP) infringement investigations related to exports a...

Sep 01,2025

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

Ministry of Science and ICT

Korean Team Develops World’s First Micro-Robot Inspired by Rhagovelia’s Agile Water-Surface Motion

- Research by Prof. Koh Je-sung’s group at Ajou University appears as the cover article in Science - Findings point to applications in next-generation aquatic robots, ocean exploration, and disaster response The Ministry of Science and ICT (Minister Bae Kyunghoon) announced ...

Aug 29,2025

Ministry of Science and ICT

Lee Jae Myung Administration Unveils First R&D Budget: Record KRW 35.3 Trillion Investment

- Strategic investment to fully restore the research ecosystem and achieve genuine growth - Transition to an R&D investment framework focused on technology-driven and inclusive growth The Ministry of Science and ICT (MSIT, Minister Bae Kyunghoon) announced that, at the pl...

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