Ministry of Foreign Affairs

- Enhanced Measures to Prevent Tax Avoidance and Improve Taxpayer's Convenience -1. The Protocol Amending the Korea-Kyrgyzstan Double Taxation Avoidance Agreement ("Protocol") enters into force on July 5, 2025, as both countries have completed their domestic procedures* required ...

Jul 04,2025

Bank of Korea

□ During May 2025, the Korean current account registered a surplus of 10.14 billion dollars. □ Looking at the financial account, net assets increased by 6.71 billion dollars during May 2025. ※ Please refer to the attached files.

Jul 04,2025

Ministry of Oceans and Fisheries

- Preliminary feasibility study to be conducted for establishing a green shipping route by the first half of next year The Ministry of Oceans and Fisheries (MOF; Minister Kang Do-hyung) announced that it would be conducting a preliminary feasibility study for building a Korea...

Jul 04,2025

Ministry of Oceans and Fisheries

- Ensuring safety in water leisure by preparing for earlier opening and longer operating period than usual The Korea Hydrographic and Oceanographic Agency (KHOA; Director General Jung Kyu-sam) of the Ministry of Oceans and Fisheries (MOF) announced that it would be operating ...

Jul 04,2025

Korea Disease Control and Prevention Agency

Infectious Disease Trends in 2024: What Drove the Surge?  KDCA Releases Analysis of Notifiable Infectious Disease Trends – Infectious disease cases up 54.5% year-on-year in 2024 - KDCA publishes the 2024 Annual Report on Notified Infectious Diseases in Korea based ...

Jul 03,2025

Ministry of Land, Infrastructure and Transport

In South Korea, there is a unique housing lease system, which is called Jeonse, paying a large upfront lump-sum deposit to the landlord to be refunded at the end of the lease period. With this regard, to prevent any types of fraud related to that type of housing contract, the g...

Jul 03,2025

Ministry of Foreign Affairs

1. The Ministry of Foreign Affairs of the Republic of Korea (ROK) held the 6th ROK-IORA (Indian Ocean Rim Association) Partnership Seminar in Seoul on July 3, 2025.※ The Indian Ocean Rim Association (IORA) is a regional forum founded in 1997 at the initiative of India and South A...

Jul 03,2025

Ministry of Trade, Industry and Energy

Director General for International Trade Relations Kim Jong-chul at the Ministry of Trade, Industry and Energy of Korea and Director General of the Department of Asian Affairs Wang Liping at the Ministry of Commerce of China led their respective delegations in the third Korea-Chi...

Jul 03,2025

Ministry of Foreign Affairs

- ROK Government Conducts Emergency Readiness Assessment in Bolivia to Protect Local Korean Nationals- Prompt Response Team’s 3rd Simulation Exercise and Public-Private Overseas Safety Advisory Group’s 2nd Mission of 2025 Held –1. The Ministry of Foreign Affairs of the Republic o...

Jul 03,2025

Bank of Korea

□ Korea's official foreign reserves as of the end of June 2025 amounted to 410.2 billion dollars. ㅇ Korea’s official foreign reserves consisted of securities valued at 358.5 billion dollars (87.4%), deposits of 26.5 billion dollars (6.5%), SDRs of 15.9 billion dollars (...

Jul 03,2025