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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

Korea and China Extend Currency Swap (October 22)

Korea and China agreed on October 21 to extend bilateral currency swap deal by additional 5 years to October 10, 2025, and expanded its size from 64 trillion won to 7 trillion won.

MOEF

Korea-IMF Meeting on COVID-19 Response (October 21)

DPM Hong held virtual meeting with the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on October 21 to continue strengthen cooperation on COVID-19 Response.

MOEF

16th Korea-China Meeting on Economic Cooperation (October 16)

DPM Hong and He Lifeng, the Minister in charge of China’s National Development and Reform Commission (NDRC) attended 16th Korea-China Meeting on Economic Cooperation held virtually on October 16 to discuss ways to strengthen cooperation in service and new industry sector.

FSC

FSC Designates KFTC as Central Registry for P2P Transactions Data (October 21)

The FSC announced its decision to designate Korea Financial Telecommunications & Clearings Institute as the central registry responsible for storing and managing data on P2P financing transactions on October 21.

FSC

3rd Digital Finance Meeting Unveils Ways to Advance Open Banking System (October 21)

Vice Chairman Sohn Byungdoo presided over the 3rd consultative body meeting on digital finance on October 21 and introduced ways to further advance the open banking system.

FSC

Vice Chairman Stresses Importance of Steady Financial Support for Small Businesses (October 20)

Vice Chairman Sohn Byungdoo held the 26th financial risk assessment meeting via teleconference on October 20 to discuss the implementation status of the COVID-19 emergency financial support programs.

FSC

FSC Holds Kick-off Meeting to Root Out Unlawful Trading Activities in Stock Markets (October 19)

Vice Chairman Sohn Byungdoo held a kick-off meeting of the task force on the prevention of unlawful and unfair trading activities in stock markets on October 19. The task force will operate until the end of March 2021 and regularly report its implementation status on a monthly basis.

BOK

Korea-China Currency Swap Renewal (October 22)

The Bank of Korea and the People’s Bank of China renew the Korean Won-Chinese Yuan Bilateral Currency Swap Arrangement and enlarge its size from 64 trillion KRW/360 billion RMB to 70 trillion KRW/400 billion RMB.

BOK

[BOK] Producer Price Index, September 2020 (October 21)

The Producer Price Index increased by 0.1% month-on-month in September 2020 ― in year-on-year terms it decreased by 0.4%.


Announcement On Upcoming Releases

MOEF

  • Monthly Industrial Statistics, September 2020 (October 30)

BOK

  • Real Gross Domestic Product, Q3 2020(Advance) (October 27)
  • Consumer Survey, October 2020 (October 28)
  • Interest Rates, September 2020 (October 28)
  • Business Survey Index(BSI) and Economic Sentiment Index(ESI), October 2020 (October 29)
  • Trade Indices & Terms of Trade Indices, September 2020 (October 29)
Each institution is responsible for the information it provides in the bulletin.

Ministry of Economy and Finance
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