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Bank of Korea

Recent Economic Developments (October 2025)

▣ Korea's economic growth will likely remain broadly in line with the August outlook of 0.9% this year, as consumption and exports remain on a favorable trend despite sluggish construction investment. ■ Next year, the recovery is expected to continue, led by domestic demand, ...

Oct 23,2025

Ministry of Science and ICT

MSIT Brings Together 200 Experts to Advance Korea’s National Strategic Technology Framework

- Open forum with academia, industry, and research institutes explores ways to secure national strategic technologies and build a robust ecosystem amid intensifying global competition The Ministry of Science and ICT (MSIT, Minister Bae Kyunghoon) announced that Park In Kyu,...

Oct 23,2025

Ministry of Science and ICT

Industry–Academia Collaboration Launched to Train Core Talent in AI Semiconductors

- Yonsei University opens “AI Semiconductor Innovation Lab” to train more than 110 master’s and doctoral-level specialists over six years through research in AI system architecture design and NPUs The Ministry of Science and ICT (MSIT, Minister Bae Kyunghoon...

Oct 23,2025

Ministry of Science and ICT

National AI Strategy Committee Swiftly Establishes Framework and Begins Global Engagement in First Week

- First Steering Committee meeting convened on Sept. 11, three days after launch, discussing key priorities including the Korea AI Action Plan and management of KRW 10.1 trillion in AI budget for 2026 - Initial formation of eight subcommittees completed on Sept. 16, with 85 pr...

Oct 23,2025

Bank of Korea

★Monetary Policy Decision & Opening Remarks to the Press Conference(October 23, 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 gro...

Oct 23,2025

Ministry of Health and Welfare

Government Announces the 5th Comprehensive Plan for High-Tech Medical Complexes

Government Announces the 5th Comprehensive Plan for High-Tech Medical Complexes - Presents five strategies and 13 key initiatives for the next five years - The Ministry of Health and Welfare (MOHW, Minister Jeong Eun Kyeong) announced on Thursday, October 23, the l...

Oct 23,2025

Ministry of Foreign Affairs

2025 Korea-Global Fund Procurement Forum

The Ministry of Foreign Affairs and the Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund) co-hosted a “Korea-Global Fund Procurement Forum” on Wednesday, October 22, 2025, in Seoul. The annual event was organized to support Korean companies with their entry into t...

Oct 23,2025

Ministry of Agriculture, Food and Rural Affairs

Anuga 2025 in Germany Reaffirmed the Global Competitiveness of K-Food

Anuga 2025 in Germany Reaffirmed the Global Competitiveness of K-FoodSejong, 23 October 2025 — The Republic of Korea (ROK) participated in Anuga 2025 held in Germany from 4 to 8 October as the official partner country. Anuga is the world’s largest food and beverage trade fai...

Oct 23,2025

Ministry of Land, Infrastructure and Transport

Korean Automated Driving Shuttles to Welcome APEC Delegates

The Ministry of Land, Infrastructure and Transport (MOLIT, Minister KIM Yun-duk) and the Korea Transportation Safety Authority (TS, President JEONG Yong-sik) announced that automated driving shuttle buses will operate around Gyeongju’s Bomun Tourist Complex during the APEC...

Oct 22,2025

Ministry of Trade, Industry and Resources

Indo-Pacific Economic Framework Members to Review Supply Chain Cooperation

The Crisis Response Network (CRN) will conduct a joint simulation exercise in Korea to enhance regional response capacity to supply chain disruptions in the Indo-Pacific region. The Ministry of Trade, Industry and Resources (MOTIR, Minister Kim Jung-kwan) announced that Korea, as...

Oct 22,2025