MOEF
The Consumer Price Index was 105.54 (2015=100) in March 2020. The index fell 0.2 percent from the preceding month and rose 1.0 percent from the same month of the previous year.
MOEF
The government discussed potential risks incurred due to the COVID-19 pandemic and ways to prepare for them.
MOEF
The index of all industry production in February decreased by 3.5 percent from the previous month, and increased by 4.9 percent from the same period of the previous year.
MOEF
The government decided to offer emergency relief payments of 9.1 trillion won to households in the bottom 70 percent income bracket at the 3rd Emergency Economic Council Meeting held on March 30.
MOEF
At the request of WB Vice President for Infrastructure, the government sent its COVID-19 response strategies to the bank working to help developing coungries fight against the disease.
FSC
The FSC announced on April 1 that the 2020 Korea Fintech Week originally scheduled to be held at Dongdaemun Design Plaza (DDP) in Seoul from May 28 to 30 will be held as a virtual expo due to public health concerns amid the spread of COVID-19.
FSC
The FSC added nine innovative financial solutions to its financial regulatory sandbox on April 1, 2020, the first year anniversary of the deregulatory program, making it 102, the total number of financial services approved for the program since its inception.
FSC
The FSC will make available to the public approximately 44 million pieces of public financial data held by the FSC and nine other financial institutions via an open API in early April.
FSC
The FSC and the FSS announced the early adoption of the credit risk framework of Basel III in late June this year, more than one year and a half earlier than the 2022 adoption recommended by the Basel Committee on Banking Supervision.
BOK
Korea's official foreign reserves as of the end of March 2020 amounted to 400.2 billion dollars.
BOK
Bank of Korea conducted competitive US dollar loan facility auctions of proceeds from swap transactions with Fed. The total amount offered was USD 12 billion (USD 10 billion for 84-day tenor and USD 2 billion for 7-day tenor).
BOK
In February 2020, the average interest rate on new deposits was 1.43%, down 11 basis points from the previous month.
BOK
The Business Survey Index (BSI) in the manufacturing sector for March 2020 was 56, down 9 points from the previous month, and the outlook for April fell by 15 points to 54.
National Symbols of the Republic of Korea
