Ministry of Foreign Affairs
Ministry of Foreign Affairs Launches AI Diplomacy Division
A Proactive Step to Address AI as a Game Changer in the International Arena1. On February 25, the Ministry of Foreign Affairs (MOFA) officially launched its new AI Diplomacy Division in a strategic initiative designed to tackle the growing challenges and opportunities posed by ar...
Feb 26,2025
Ministry of Environment
Full-Scale Promotion of Electric Vehicle Charging Facility Support in 2025
▷ Budget of KRW 618.7 billion for electric vehicle charging facility installation project, a 43% increase compared to 2024 ▷ Revision of subsidy guidelines to adjust subsidy amounts realistically and strengthen maintenance obligations such as charger repairsThe Min...
Feb 26,2025
Bank of Korea
Economic Outlook (February 2025)
▣ GDP growth forecast for 2025 has been significantly revised downward from 1.9% to 1.5%.
■ Both exports and domestic demand face heightened downward pressures due to U.S. tariff policies and domestic political uncertainty.
■ The future path of growth is anticipated to be c...
Feb 25,2025
Ministry of Trade, Industry and Energy
Korea’s retail industry advances 11.7% in January
The Ministry of Trade, Industry and Energy (MOTIE) announced today that Korea’s retail industry grew 11.7 percent year-on-year in the month of January 2025, with offline and online sales advancing 8.8 percent and 14.6 percent, respectively.
MOTIE's monthly retail sales...
Feb 25,2025