Ministry of Trade, Industry and Resources

The Ministry of Trade, Industry and Resources (MOTIR) announced on October 29 that Korea’s retail industry grew 7.7 percent year-on-year in September 2025, with offline sales down 1.0 percent and online sales up 16.5 percent. MOTIR’s monthly retail sales figures ...

Nov 03,2025

Ministry of Culture, Sports and Tourism

- Providing guidance on copyright registration and disputes prevention  for AI -assisted works to address key questions from AI service providers, rights holders, and users- Global publication of two English editions following the Korean release in June On November 3, t...

Nov 03,2025

Ministry of Agriculture, Food and Rural Affairs

The ROK and Singapore Finalize the Export Deal for Juju Island-Produced “Hanwoo” Beef and Pork at the APEC SummitSejong, 2 November 2025 — On 2 November 2025, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) of the Republic of Korea (ROK) has announced that, on th...

Nov 03,2025

Ministry of Agriculture, Food and Rural Affairs

The ROK and the PRC Finalize the Persimmon Export Deal at the Summit in 17 YearsSejong, 2 November 2025 — On 2 November 2025, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) of the Republic of Korea (ROK) has announced that the quarantine negotiation with the Peo...

Nov 03,2025

Ministry of Trade, Industry and Resources

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol presided over the 6th Supply Chain Stabilization Committee Meeting at the Government Complex Seoul on Friday, October 31. The meeting reviewed recent developments in economic security and discussed (1) measur...

Oct 31,2025

Ministry of Trade, Industry and Resources

The Korean Agency for Technology and Standards (KATS, President Kim Dae-ja) under the Ministry of Trade, Industry and Resources (MOTIR) announced on Friday, October 31, that it has established and officially announced the world’s first Korean Industrial Standard (KS) for ph...

Oct 31,2025

Bank of Korea

□ In September 2025, the average interest rate on new deposits was 2.52%, up 3 basis points from the previous month. ― The average interest rate on outstanding amounts of deposits as of end-September was 2.04%, down 4 basis points from the previous month. □ In Septemb...

Oct 31,2025

Ministry of Trade, Industry and Resources

Vice Minister Moon Shin-hak of the Ministry of Trade, Industry and Resources (MOTIR) attended the 5th Battery Industry Day ceremony held on Thursday, October 30, at Josun Palace Seoul. Established to recognize the achievements of the battery industry and to foster unity among its...

Oct 31,2025

Ministry of Patriots and Veterans Affairs

The Ministry of Patriots and Veterans Affairs (Minister Kwon Oh-eul) announced that Major Charles J. Loring Jr. of the U.S. Air Force, who bravely sacrificed his life by steering his damaged aircraft into an enemy position during a close air support mission at Sniper Ridge near G...

Oct 31,2025

Ministry of Data and Statistics

1. Production Trend □ The Index of All industry production in September increased by 1.0 percent from the previous month. □ The Index of All industry production in September increased by 6.7 percent from the same period of the previous year. □ The Manufacturing Produc...

Oct 31,2025