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

Ministry of Environment

▷ Announcement of the 2025 Electric Vehicle Purchase Subsidy Reform Plan, with an administrative notice from January 2 for 10 daysThe Ministry of Environment (Minister Kim Wansup) announced that from January 2, it will provide an administrative notice for ‘2025 Electric Vehi...

Jan 02,2025

Ministry of Environment

▷ Revision of subsidy guidelines to encourage the distribution of high-performance hydrogen buses and expansion of maintenance centers▷ Distribution of over 1,000 hydrogen buses in 2024, a 277% growth compared to the previous year, with 721.8 billion won allocated for hydrog...

Jan 01,2025

Ministry of Environment

▷ Ten key policies newly introduced by the Ministry of Environment, including the expansion of the emissions trading systemThe Ministry of Environment (Minister Kim Wansup) has announced 10 major environmental policies that will change starting in 2025. The newly introduced ...

Jan 01,2025

Statistics Korea

□ The Consumer Price Index in 2024 was 114.18(2020=100), up 2.3 percent from the previous year. □ The Consumer Price Index was 114.91(2020=100) in December 2024. The index increased 0.4 percent from the preceding month and rose 1.9 percent from the same month of the previous y...

Dec 31,2024