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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

A 26 Trillion won Support Package for Chip Industry to be Implemented (May 23)

On May 23, Deputy Prime Minister Choi Sang-mok held a joint briefing at the Government Complex-Seoul with Minister of Science and ICT, Minister of Trade, Industry and Energy, Minister of Environment, Minister of Land, Infrastructure and Transport, and Chairman of the Financial Services Commission.

MOEF

KTB Issuance Plan, June 2024 (May 23)

The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 14,500 billion won in June 2024 through competitive bidding.

MOEF

External Debt, Q1 2024 (May 22)

Korea’s external debt amounted to $667.5 billion as of the first quarter (Q1) of 2024, falling by $5.1 billion from the previous quarter ($672.5 billion).

MOEF

VM Kim Visits Innovative Product Manufacturing Sites (May 21)

On May 21, Second Vice Minister Kim Yoon-sang visited Angel Robotics, an innovative product manufacturing company located in Daejeon.

MOEF

The 3rd Advisory Meeting on International Economic Affairs (May 21)

Deputy Prime Minister Choi Sang-mok held the 3rd Advisory Meeting on International Economic Affairs on May 21 to review the impact of the U.S. tariff increases on China and other major countries’ economic and trade issues on the Korean economy, as well as the response strategies with experts.

FSC

Authorities Meet to Discuss Progress and Plan for Temporarily Eased Financial Regulatory Measures (May 21)

The Financial Services Commission held a meeting with related authorities and industry associations to check progress and discuss further plans for the temporarily eased financial regulatory measures on May 21.

FSC

FSC Proposes Rule Changes to Ensure Steady Supply of Funds for Microfinance Assistance (May 20)

The Financial Services Commission proposed rule changes in the Enforcement Decree of the Microfinance Support Act to ensure the provision of steady supply of funds for microfinance assistance on May 20.

BOK

Monetary Policy Decision (May 23)

The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 3.50% for the intermeeting period.

BOK

Economic Outlook, May 2024 (May 23)

Bank of Korea raises growth forecast for 2024 from 2.1% to 2.5%. Consumer price inflation forecast for 2024 remained at 2.6%, but more data is needed to be confident that inflation will converge to the target.


Announcement On Upcoming Releases

MOEF

  • Monthly Industrial Statistics, April 2024 (May 31)

BOK

  • Interest Rates, April 2024 (May 31)
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