Ministry of Foreign Affairs
MOFA Spokesperson’s Statement on Ceasefire Agreement in Gaza
1. The government of the Republic of Korea welcomes the agreement reached on January 15 regarding the ceasefire and hostage release in the Gaza Strip, and highly appreciates the diplomatic efforts made by the United States, Qatar and Egypt, which played critical roles in achievin...
Jan 16,2025
Bank of Korea
Recent Economic Developments (Jan 2025)
▣ Korea’s economic growth will likely fall short of the previously projected path for both 2024 and 2025, particularly in consumption and construction invesment, due to the weakening of economic sentiment stemming from heightened political uncertainty.
￭ Future path of ...
Jan 16,2025
Ministry of Trade, Industry and Energy
Korea’s auto exports enter $70 bln thresholds for 2nd year running
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced today that Korea’s automobile exports for 2024 reached USD 70.8 billion, entering the $70 billion thresholds for the second year running.
Marking the second highest export record foll...
Jan 16,2025
Bank of Korea
Export/Import Price Indexes and Trade Indexes - December 2024(preliminary)
□The Export Price Index (KRW basis) increased 2.4 percent from the previous month.
o The index increased 10.7 percent over the last 12 months.
□The Import Price Index (KRW basis) increased 2.4 percent from the previous month.
o It increased 7.0 percent over the last 12...
Jan 15,2025
Statistics Korea
Economically Active Population Survey in December 2024
[Economically active population and labor force participation rate]
◦ The economically active population marked 29.156 million persons in December, which grew 119 thousand persons or 0.4% year-on-year.
◦ The labor force participation rate stood at 63.9% in December, up 0.1%p ...
Jan 15,2025
Financial Services Commission
Household Loans, December 2024
Household Loans in 2024 In 2024, the outstanding balance of household loans across all financial sectors went up KRW41.6 trillion (preliminary), growing at a faster rate compared with the end of the previous year (up 2.6 percent). * Change (in trillion KRW, y-o-y): +112...
Jan 15,2025
Ministry of Economy and Finance
Current Employment Situation, December 2024
In December 2024, the employment rate for those aged 15 and above reached 61.4% (the second highest for December on record), down by 0.3%p compared to the previous year. The employment rate for those aged 15-64 stood at 69.4% (the highest for December on record), an increase of 0...
Jan 15,2025