Bank of Korea
Monetary and Liquidity Aggregates (September 2024)
1. During September 2024, Narrow Money (M1, seasonally adjusted,
period-average) increased by 0.6% compared to the previous month.
2. Broad Money (M2, seasonally adjusted, period-average) increased by
0.2%.
3. Liquidity of Financial Institutions (Lf, seasonally adjusted, peri...
Nov 14,2024
Ministry of Trade, Industry and Energy
Korea’s ICT exports advance 22% in October
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced today that the export and import of Korea’s information and communications technology (ICT) goods for October 2024 logged USD 20.8 billion and $13.3 billion, respectively, and the trade ba...
Nov 14,2024
Ministry of Trade, Industry and Energy
Korea Energy Terminal starts commercial operation
Korea’s Trade, Industry and Energy Vice Minister Namho Choe attended the Korea Energy Terminal (KET) completion ceremony today in Ulsan with the attendance of executive leaders and employees from the Korea National Oil Corporation (KNOC), SK Gas, Ulsan Metropolitan City, an...
Nov 14,2024
Ministry of Trade, Industry and Energy
Korea’s auto industry enjoys triple growth in October
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced today that Korea’s automobile production, domestic sales, and exports all posted growth in October, a first in 16 months since June 2023.
October automobile production reached 367,624...
Nov 14,2024
Ministry of Economy and Finance
Emergency Meeting on Macroeconomic and Financial Issues
On November 14, Deputy Prime Minister Choi Sang-mok held an Emergency Meeting on Macroeconomic and Financial Issues[1] to review recent domestic and international financial market trends following the U.S. presidential election and discuss strategies for future responses.
Rec...
Nov 14,2024
Ministry of Economy and Finance
Ministerial Meeting on Economic Affairs (Nov.14, 2024)
On November 14, Deputy Prime Minister Choi Sang-mok convened the Ministerial Meeting on Economic Affairs at the Government Complex-Seoul to discuss ‘Improvement measures for the real estate project financing (PF) system’, ‘Support measures for service industry productivity innova...
Nov 14,2024
Ministry of Science and ICT
Professor Kim Myuhng-Joo Appointed as First Director of the AI Safety Institute
The Ministry of Science and ICT (MSIT), led by Minister Yoo Sang-im, has announced the appointment of Professor Kim Myuhng-joo from the Department of Information Security at Seoul Women’s University as the inaugural Director of the AI Safety Institute, effective November 12...
Nov 13,2024