MOEF
Industrial production fell 1.1 percent from the previous month in April due to the strong service sector. Mining and manufacturing continued to go down. Industrial production rose 8.8 percent year on year.
MOEF
DPM Hong presided over the 11th Meeting to Promote Big3 to discuss measures to promote current auto supplies’ transition to future car supplies along with plans to support semiconductor industries and clinical trials of new medicines.
MOEF
DPM Hong presided over the 37th Meeting of the Central Economic Response Headquarters and discussed the May employment data, GOP updates as well as ways to deal with the current steel shortage and plans to further boost investment and consumption.
MOEF
The economically active population marked 28,698,000 in May 2021, and the number of employed persons totaled 27,550,000.
FSC
The FSC and FSS announced that the authorities will provide an online education program for the employees of non-holding financial groups from June 10 ahead of the newly enacted law on the supervision of financial conglomerates taking effect on June 30.
FSC
The Korea Financial Intelligence Unit held a meeting with eleven institutions tasked with probing virtual asset service providers for their AML requirements on June 9.
FSC
The FSC announced a revision proposal to the Enforcement Decree of the Microfinance Support Act and relevant regulation on June 8 in order to prescribe specific contribution rates for financial institutions making contributions to the pool of microfinance funds as required by the revised Microfinance Support Act.
BOK
The Export Price Index (KRW basis) increased 1.5 percent from the previous month.
BOK
Real gross domestic product (real GDP, chained volume measure of GDP) increased by 1.7 percent in the first quarter of 2021.
BOK
Real gross domestic product (chained volume measure of GDP) decreased by 0.9 percent in 2020.
BOK
During April 2021, the Korean current account registered a surplus of 1.91 billion dollars.
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