Ministry of Economy and Finance

Acting President and Deputy Prime Minister Choi Sang-mok, who also serves as the Minister of Economy and Finance, held the 1st Roundtable on the International Economic Affairs on January 6 at the Government Complex-Seoul. The meeting was attended by Minister of Foreign Affairs Ch...

Jan 06,2025

Ministry of Environment

▷ Diverse eco-tourism experiences utilizing the stunning natural environment of Baengnyong Cave and Chiljongnyeong RidgeThe Ministry of Environment (Minister Kim Wansup) announced that “Eoreumchi Village” located in Pyeongchang-gun, Gangwon Special Self-Governing Province, h...

Jan 05,2025

Statistics Korea

○ The online shopping transaction value marked 21.2233 trillion won in November 2024, rising 1.0% from November 2023. ○ The mobile shopping transaction value marked 15.9479 trillion won in November 2024, rising 3.8% from November 2023. For more information, refer to the...

Jan 03,2025

Ministry of Trade, Industry and Energy

The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea and the Korea Trade-Investment Promotion Agency (KOTRA) announced that government-wide collaboration is underway in setting up the largest integrated Korean pavilion in history at the Consumer Electrics S...

Jan 03,2025

Ministry of Economy and Finance

On January 3 (Friday), Acting President and Deputy Prime Minister Choi Sang-mok, who also serves as the Minister of Economy and Finance, held a meeting with the U.S. Ambassador to Korea, Philip Goldberg, and Commander of U.S. Forces Korea, Xavier Brunson. During the meeting, they...

Jan 03,2025

Ministry of Trade, Industry and Energy

The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced on January 1, 2025, that Korea’s annual exports for the year of 2024 amounted to an all-time high USD 683.8 billion, surpassing the previous high of $683.6 billion set in 2022. Daily avera...

Jan 02,2025

Ministry of Economy and Finance

▶  Omnibus accounts for KTBs/MSBs and FX transactions under the names of global custodians or asset managers will be fully available, replacing the current system that requires fund-by-fund segregation. ▶  Market making by global banks will be fully liberalized to provide liquidi...

Jan 02,2025

Ministry of Economy and Finance

The Ministry of Economy and Finance (MOEF), the Financial Services Commission (FSC), the Bank of Korea (BOK), and Financial Supervisory Service (FSS) announced, "Measures to Facilitate Trading in Extended Foreign Exchange (FX) Market Hours" to ensure stable liquidity during the e...

Jan 02,2025

Ministry of Economy and Finance

  [Current Economic Situation and 2025 Outlook]   Korean economy has recently faced sluggish recovery in domestic demand, while the pace of export growth is slowing, and the uncertainty regarding future growth paths is increasing.   The external environment is also challenging. C...

Jan 02,2025

Ministry of Agriculture, Food and Rural Affairs

S. Korea Concluded Two Contracts on K-Smart Farm Construction in Saudi Arabia and Vietnam in 2024Sejong, 2 January 2025 — In 2024, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) started an export-support project for smart-farm consortiums to create a synergy eff...

Jan 02,2025