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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

Current Economic Situation, June 2021 (June 11)

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

11th Meeting to Promote BIG3 (June 10)

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

37th Meeting of Central Economic Response Headquarters (June 9)

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

Current Employment Statistics, May 2021 (June 9)

The economically active population marked 28,698,000 in May 2021, and the number of employed persons totaled 27,550,000.

FSC

Online Education Program Offered on the Supervision of Financial Conglomerates (June 10)

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

KoFIU and Probing Institutions to Strengthen Monitoring and Inspection on AML Duties of VASPs (June 9)

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

Revision Proposal to the Enforcement Decree of Microfinance Support Act Sets Contribution Rates (June 8)

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

Export and Import Price Indexes, May 2021 (June 11)

The Export Price Index (KRW basis) increased 1.5 percent from the previous month.

BOK

Gross National Income, Q1 2021 (Preliminary) (June 9)

Real gross domestic product (real GDP, chained volume measure of GDP) increased by 1.7 percent in the first quarter of 2021.

BOK

National Accounts 2020 (Preliminary) (June 9)

Real gross domestic product (chained volume measure of GDP) decreased by 0.9 percent in 2020.

BOK

Balance of Payments, April 2021 (preliminary) (June 8)

During April 2021, the Korean current account registered a surplus of 1.91 billion dollars.


Announcement On Upcoming Releases

BOK

  • Monetary and Liquidity Aggregates, April 2021 (June 15)
  • Financial Statement Analysis, Q1 2021 (June 17)
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