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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

Current Employment Statistics, January 2024 (February 16)

Statistics Korea released report on the 'Economically active population survey' on February 16, 2024. The economically active population marked 28.815 million persons in January, which grew 428 thousand persons or 1.5% year-on-year.

MOEF

Emergency Ministerial Meeting on Economic Affairs (Feb.14, 2024) (February 14)

Deputy Prime Minister Choi Sang-mok convened the Emergency Ministerial Meeting on Economic Affairs at the Government Complex-Seoul on February 14 to discuss 1) follow-up measures for housing sector public discussions 2) follow-up measures for the establishment of a semiconductor mega cluster, 3) tailored support plans for an advanced tech industry cluster, 4) plans for advancing key projects in the new growth strategy areas, and 5) strategies to boost exports of K-food+.

MOEF

Expert Roundtable on Social Mobility for Materializing Dynamic Economy (February 13)

Deputy Prime Minister Choi Sang-mok convened the ‘Expert Roundtable on Social Mobility’ for materializing a dynamic economy at the Government Complex-Seoul on February 13.

FSC

Government Unveils KRW76 Trillion Worth Corporate Financing Support Plans in Private-Public Joint Initiative (February 15)

Chairman Kim Joo-hyun of the Financial Services Commission presided over a meeting with the heads of five major commercial banks and policy financial institutions on February 15 and announced the government’s plans to provide tailored funding support for enterprises.

FSC

Household Loans, January 2024 (February 14)

In January 2024, the outstanding balance of household loans across all financial sectors edged up KRW0.8 trillion (preliminary), a growth of KRW0.6 trillion from the previous month (up KRW0.2 trillion).

FSC

Authorities Meet to Discuss ESG Disclosure Standards (February 14)

The Financial Services Commission held a meeting with officials from industry groups, investors, related organizations and private sector experts on February 14 to have a discussion on the preparation of domestic disclosure standards for ESG management.

FSC

FSC Proposes Rules Change Introducing Responsibilities Map to Bolster Internal Control of Financial Companies (February 13)

The Financial Services Commission issued a preliminary notice regarding a revision proposal for the enforcement decree of the Act on Corporate Governance of Financial Companies and its supervisory regulation on February 13.

BOK

Export and Import Price Indices - January 2024 (preliminary) (February 16)

The Export Price Index (KRW basis) increased 3.2 percent from the previous month. The Import Price Index (KRW basis) increased 2.2 percent from the previous month.

BOK

Financial Market Trends (January 2024) (February 14)

The Treasury bond yield rose, mainly affected by a rebound in U.S. Treasury bond yields, stemming from a reversal in expectations of an early policy rate cut by the U.S. Federal Reserve following favorable U.S. economic indicators.


Announcement On Upcoming Releases

MOEF

  • KTB Issuance Plan, March 2024 (February 22)

BOK

  • Monetary Policy Decision (February 22)
  • Economic Outlook (February 22)
Each institution is responsible for the information it provides in the bulletin.

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