Ministry of Economy and Finance
Consumer Price Index Climbed By 2.0% in February
The consumer price index (CPI) in February 2025 rose by 2.0% compared to the same month of the previous year (2.2% in January 2025) as the upward trend in petroleum product prices slowed. Core inflation, which reflects the underlying trend by excluding volatile food and energy pr...
Mar 06,2025
Ministry of Economy and Finance
Consumer Price Index, February 2025
The Consumer Price Index was 116.08(2020=100) in February 2025.
The index increased 0.3 percent from the preceding month and rose 2.0 percent from the same month of the previous year.
Please refer to the attached pdf for the full report.
Mar 06,2025
Ministry of Trade, Industry and Energy
Korea’s average tariff rate on U.S. imports is close to 0%
After U.S. President Donald Trump stated in his address to a joint session of Congress on March 4 (local time) that Korea’s average tariff rate is four times higher than that of the U.S., multiple media outlets reported on the comment.
Under the Korea-U.S. Free Trade A...
Mar 05,2025
Ministry of Trade, Industry and Energy
Korea and Spain advance joint R&D cooperation in cutting-edge industries
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea and Spain’s Ministry of Science, Innovation and Universities (MICIU) held the second Korea-Spain Industrial Technology Cooperation Joint Committee (“Joint Committee”) meeting today in Ma...
Mar 05,2025
Ministry of Land, Infrastructure and Transport
K-Railway Won KRW 2.2 Trillion Moroccan Metro Project
The Ministry of Land, Infrastructure and Transport (MOLIT, Minister PARK Sang-woo) announced last month (01:00 a.m. 26 February 2025, KST) that Hyundai Rotem won contracts to supply 240 inter-city metro railcars and 200 intra-city ones among the four types of railcar supply proj...
Mar 05,2025
Statistics Korea
Online Shopping in January 2025
○ The online shopping transaction value marked 21.8674 trillion won in January 2025, rising 1.3% from January 2024.
○ The mobile shopping transaction value marked 17.2717 trillion won in January 2025, rising 5.9% from January 2024.
For more information, refer to the att...
Mar 05,2025