Ministry of Trade, Industry and Energy
Trade Minister chairs 58th Industrial Technology Protection Committee meeting
Minister for Trade Inkyo Cheong of the Republic of Korea chaired the 58th Industrial Technology Protection Committee (“Committee”) meeting today in Seoul for deliberation and resolution on six agenda items, including the fifth Comprehensive Plan on Prevention of Divul...
Dec 27,2024
Bank of Korea
Interest Rates (Nov 2024)
□ In November 2024, the average interest rate on new deposits was 3.35%, down 2 basis points from the previous month.
― The average interest rate on outstanding amounts of deposits as of end-November was 2.53%, down 4 basis points from the previous month.
□ In Novembe...
Dec 27,2024
Bank of Korea
Business Survey and Economic Sentiment Index (ESI) for Dec 2024
□ The Composite Business Sentiment Index (CBSI) in all industries for Dec 2024 was 87.0, down 4.5 points from the previous month, and that for the outlook for the following month also fell by 7.3 points to 82.4.
― In the manufacturing sector, the CBSI for Dec 2024 was 86.9, ...
Dec 27,2024
Ministry of Foreign Affairs
Outcome of Korea-Japan Vice Foreign Ministers’ Meeting
1. Vice Minister of Foreign Affairs Kim Hong Kyun held a meeting with Vice Minister for Foreign Affairs of Japan Okano Masataka in Tokyo, Japan, on Thursday, December 26, and exchanged views on bilateral relations, Korea-Japan and Korea-U.S.-Japan cooperation, and North Korea iss...
Dec 26,2024
Ministry of Land, Infrastructure and Transport
Korea’s Land Price Rose 0.59% in Q3
Land prices nationwide increased by 0.59% in the 3rd quarter of 2024 rising 0.04%p from the previous quarter, whereas land transaction volume in the same quarter decreased by 0.1% compared to the 2nd quarter of the year
The Ministry of Land, Infrastructure and Transport (MO...
Dec 26,2024
Bank of Korea
Monetary Policy for 2025
□ The Bank of Korea (the “Bank”) will flexibly adjust the pace of Base Rate cuts in line with changes in economic conditions to ensure that inflation remains stable and downward pressures on growth are mitigated, while also paying attention to financial stability risk...
Dec 25,2024
Bank of Korea
Consumer Survey for December 2024
The Composite Consumer Sentiment Index (CCSI) for December 2024
stood at 88.4, lower than that in November by 12.3 points.
* Please refer to the attached files for details.
Dec 24,2024
Ministry of Foreign Affairs
Outcome of Korea-Japan Foreign Ministers’ Telephone Conversation
1. Minister of Foreign Affairs Cho Tae-yul had a telephone conversation with Japanese Minister for Foreign Affairs Iwaya Takeshi from 11:15 to 11:35 on December 23, 2024, and the two sides discussed Korea’s domestic situation and Korea-Japan relations.2. Minister Cho said that th...
Dec 23,2024