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Ministry of Trade, Industry and Energy

Korea holds 2nd “Sales Diplomacy Support Group” meeting

On July 17, Minister for Trade Inkyo Cheong of the Ministry of Trade, Industry and Energy (MOTIE) convened the second “Sales Diplomacy Support Group” meeting in Seoul with the participation of economic agencies and companies to review economic outcomes and future plan...

Jul 19,2024

Ministry of Trade, Industry and Energy

Korea Trade Commission to launch Industrial Damage Response Centers

The Korea Trade Commission (Chairman: Lee Jaemin, KTC) of the Ministry of Trade, Industry and Energy (MOTIE) organized 22 Unfair Trade Practice and Industrial Damage Response Support Centers for industry associations and organizations to provide comprehensively support for Korean...

Jul 19,2024

Ministry of Foreign Affairs

The future of Korea-Japan-China trilateral cooperation envisioned by their youths

- “11th Diplomatic Camp for Korean, Japanese and Chinese College Students” Takes Place from July 16 to 19 -1. The Ministry of Foreign Affairs held the “11th Diplomatic Camp for Korean, Japanese and Chinese College Students” in Seoul and Busan from July 16 to 19. Approximately 40 ...

Jul 19,2024

Ministry of Science and ICT

The 2nd World Congress of Korean Scientists and Engineers Kicks Off

- Korean scientists and engineers from around the world gather to share research results and expand human exchanges. The Ministry of Science and ICT (Minister Lee Jong Ho, hereinafter "MSIT") announced that the opening ceremony for the 2nd World Congress of Korean Sci...

Jul 19,2024

Ministry of Science and ICT

Public and Private Partnership Enhances Flood Alert Navigation Services for Roads and Underpasses

- On July 10, the Ministry of Science and ICT (MSIT), the Ministry of Environment (ME), the Presidential Committee on the Digital Platform Government (DPG), and other related entities convened at the Han River Flood Control Center in Seoul to sign a Memorandum of Understanding (M...

Jul 19,2024

Ministry of Science and ICT

Public and Private Partnership Enhances Flood Alert Navigation Services for Roads and Underpasses

- On July 10, the Ministry of Science and ICT (MSIT), the Ministry of Environment (ME), the Presidential Committee on the Digital Platform Government (DPG), and other related entities convened at the Han River Flood Control Center in Seoul to sign a Memorandum of Understanding (M...

Jul 19,2024

Ministry of Trade, Industry and Energy

Korea’s carbon footprint verification system steps closer to gaining mutual recognition with Europe

The Ministry of Trade, Industry and Energy (MOTIE) announced on July 18 that the Korea National Cleaner Production Center (KNCPC), established under Korea Institute of Industrial Technology (KITECH), entered into a memorandum of understanding (MOU) with Italy’s Carbon Footprint I...

Jul 18,2024

Ministry of Foreign Affairs

Autonomous Sanction on Shipping Company and Vessel Engaged in North Korea’s Illicit Maritime Activities

1. The government of the Republic of Korea has decided to designate the Hong Kong-based shipping company HK Yilin Shipping Co Ltd and the North Korean-flagged ship Tok Song as targets of autonomous sanctions against North Korea as of July 19, for violating relevant UN Security Co...

Jul 18,2024

Korea Disease Control and Prevention Agency

2020 Benchmark Revision of Korean National Balance Sheets

The Statistics Korea and the Bank of Korea have released the results of its 2020 benchmark revision of the Korean National Balance Sheets. The revision includes an update of the reference year from 2015 to 2020, along with changes in source data, concepts, and methodologies. ...

Jul 18,2024

Korea Disease Control and Prevention Agency

Korean National Balance Sheets for 2023

A look at the preliminary Korean National Balance Sheets (KNBS) for 2023 finds that Korean national wealth - the net worth of the total economy - amounted to 23,039 trillion won as of year-end 2023, 472 trillion won (+2.1%) higher than the previous year's figure. As of end...

Jul 18,2024