Ministry of Economy and Finance
Effective Tariff Rate on US Imports Remains Close to 0% Under the Korea-US FTA
Regarding the memorandum on reciprocal trade and tariffs announced by the Trump administration on February 14, 2025 (KST), multiple foreign media outlets have reported that the tariff rate on goods imported from the U.S. to Korea is at approximately 13.6%, following Mexico and Ca...
Feb 14,2025
Ministry of Economy and Finance
Current Economic Situation, February 2025
In December 2024, industrial and services production, and facilities and construction investments climbed up while retail sales dropped.
Production increased in the industrial (+4.6% m-o-m, +5.3% y-o-y), services (+1.7% m-o-m, +1.2% y-o-y), and construction (+1.3% m-o-m, -8.3% ...
Feb 14,2025