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2019 ECONOMIC POLICIES
PRESS CENTER
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Weekly Newsletter

PRESS CENTER Weekly Newsletter

Our weekly newsletter provides the latest press releases of the Ministry of Economy and Finance, the Financial Services Commission and the Bank of Korea. Sign up for our weekly newsletter and get email briefing on Korea’s latest economic policies.

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Major News & Events

MOEF

9th Meeting of Central Economic Response Headquarters (July 2)

The 9th Meeting of the Central Economic Response Headquarters was held on July 2 to discuss plans to build a big data for biotechnology and Strategy 2.0 to Promote High Tech Supplies Manufacturing.

MOEF

Consumer Price Index, June 2020 (July 2)

The Consumer Price Index was 104.87(2015=100) in June 2020. The index increased 0.2% from the preceding month and was unchanged from the same month of the previous year.

MOEF

Monthly Industrial Statistics, May 2020 (June 30)

The index of all industry production in May decreased by 1.2 percent from the previous month, and 5.6 percent from the same period of the previous year.

FSC

FSC to Inspect Fraud-prone Sectors for Financial Consumer Protection (July 2)

The FSC and FSS unveiled plans for comprehensive inspections targeting fraud-prone areas to stem potential damages to financial consumers from illegal activities.

FSC

FSC Announces Implementation Status of COVID-19 Financial Support Programs (July 2)

The FSC announced the current implementation status of the government's financial response to COVID-19 at the 9th Meeting of Central Economic Response Headquarters held on July 2.

FSC

FSC Announces Plans to Further Promote Big Data Use in Finance (July 1)

The FSC announced on July 1 its plans to make financial big data more widely available, which includes making improvements to the Korea Credit Information Services' CreDB system and creating a new open big data system at the Korea Financial Telecommunications & Clearings Institute.

FSC

Early Implementation of Basel III Credit Risk Framework (June 29)

The financial authorities announced that fifteen banks and eight bank holding companies will begin to gradually implement Basel III credit risk framework from the end of June 2020.

BOK

Official Foreign Reserves, June 2020 (July 3)

Korea's official foreign reserves as of the end of June 2020 amounted to 410.8 billion dollars.

BOK

Interest Rates, May 2020 (June 30)

In May 2020, the average interest rate on new deposits was 1.07%, down 13 basis point from the previous month.

BOK

Business Survey Index(BSI) and Economic Sentiment Index(ESI), June 2020 (June 30)

The Business Survey Index (BSI) on business conditions in the manufacturing sector for June 2020 was 51, up 2 points from the previous month, and that for the outlook for the following month rose by 2 points to 51.


Announcement On Upcoming Releases

BOK

  • Balance of Payments, May 2020 (preliminary) (July 7)
  • Financial Market Trends, June 2020 (July 9)
  • Flow of Funds, Q1 2020 (preliminary) (July 9)
Each institution is responsible for the information it provides in the bulletin.

Ministry of Economy and Finance
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