Ministry of Trade, Industry and Energy
Minister Kim Meets US Senators to Strengthen Bilateral Cooperation
Korea’s Minister of Trade, Industry and Energy Kim Jung-kwan met with US Senators Tammy Duckworth of Illinois (the Democratic Party) and Andrew Kim of New Jersey (the Democratic Party) in Seoul on August 19, 2025. The two sides discussed measures to strengthen bilateral coo...
Aug 21,2025
Bank of Korea
Producer Price Index - July 2025(preliminary)
□ The Producer Price Index increased by 0.4% month-on-month in July 2025 ―in year-on-year terms it increased by 0.5%.
□ The month-on-month changes in the major sub-indices are as follows:
o Agricultural, forestry & marine products: 5.6%
o Manufacturing products: 0....
Aug 21,2025
Ministry of Trade, Industry and Energy
Korea’s Auto Industry Posts Comprehensive Growth in July
The Ministry of Trade, Industry and Energy (MOTIE) announced on August 19 that Korea’s automobile exports, domestic sales, and production all rose year-on-year in July, marking a solid start to the second half of 2025.
Automobile exports grew for the second consecutive m...
Aug 20,2025
Ministry of Trade, Industry and Energy
Trade Minister Hosts Strategy Meeting for Upcoming APEC Business Events
Korea’s Minister for Trade Yeo Han-koo hosted a strategy meeting on Monday, August 18, 2025, at the Korea Chamber of Commerce and Industry in Seoul to ensure meaningful economic outcomes from upcoming Asia-Pacific Economic Cooperation (APEC) business events. In line with th...
Aug 19,2025
Bank of Korea
Household Credits in Q2 2025
□ Total household credits outstanding increased by 24.6 trillion won in Q2 2025 to stand at 1,952.8 trillion won as of end-June, with household loans totaling 1,832.6 trillion won and merchandise credits 120.2 trillion won.
o Household loans increased by 23.1 trillion won d...
Aug 19,2025
Ministry of Science and ICT
MSIT Selects Five Elite Teams for the “Sovereign AI Foundation Model” Project
-Naver Cloud, Upstage, SK Telecom, NC AI, and LG AI Research selected
-All participating teams demonstrated strong capabilities and meaningful ambition, and are expected to help expand Korea’s AI ecosystem across multiple fronts
-The project now moves into full-scale de...
Aug 18,2025
Ministry of Science and ICT
MSIT Selects Five Elite Teams for the “Sovereign AI Foundation Model” Project
- Naver Cloud, Upstage, SK Telecom, NC AI, and LG AI Research selected
- All participating teams demonstrated strong capabilities and meaningful ambition, and are expected to help expand Korea’s AI ecosystem across multiple fronts
- The project now moves into full-sca...
Aug 18,2025
Ministry of Trade, Industry and Energy
Korea’s ICT Exports Surge 14.4% in July
The Ministry of Trade, Industry and Energy and the Ministry of Science and ICT announced on August 14 that Korea’s exports of ICT goods in July 2025 climbed 14.5 percent year-on-year to USD 22.2 billion, while imports grew 9.8 percent to $13.3 billion. The trade balance rec...
Aug 14,2025