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Ministry of SMEs and Startups
Entrepreneurship statistics and trends for 2023
The Ministry of SMEs and Startups (Minister OH Youngju) released the Entrepreneurship Statistics and Trends report for 2023. According to the report, the number of new businesses that started in 2023 has increased significantly in face-to-face industries due to the lifting of ...
Mar 13,2024
MSS to increase cooperation with the UAE in SMEs and startups to contribute to the second boom in the Middle East
The Ministry of SMEs and Startups (Minister OH Youngju) announced that the South Korean delegation led by the Deputy Minister for SME Policy LEE Daehi, participated in Investopia, a global investment event held in Abu Dhabi, United Arab Emirates (UAE) from February 28 to 29, 2024...
Ministry of Patriots and Veterans Affairs
May Our Heroes Rest in Green: MPVA Launches Pilot Project to Replace Plastic Flowers with Eco-Friendly Ones
The Ministry of Patriots and Veterans Affairs (Minister Kang Jung-ai) announced the launch of a groundbreaking pilot project aimed at replacing plastic floral tributes with eco-friendly ones. This initiative, marking a first among the nation’s 12 national cemeteries, will commenc...
Statistics Korea
Economically Active Population Survey in February 2024
[Economically active population and labor force participation rate] ◦ The economically active population marked 28.957 million persons in February, which grew 353 thousand persons or 1.2% year-on-year. ◦ The labor force participation rate stood at 63.6% in February, up 0.5%p ye...
Bank of Korea
Financial Market Trends in February 2024
Please refer to the attached files.
Ministry of Trade, Industry and Energy
MOTIE holds pan-ministerial meeting to review investment progress for high-tech complex
Trade, Industry and Energy Vice Minister Kang Kyungsung chaired a pan-ministerial consultative committee meeting on March 13 to coalesce efforts among local authorities, related ministries and companies for the successful establishment of the national high-tech strategic industry...
Ministry of Economy and Finance
Current Employment Statistics, February 2024
Statistics Korea released report on the 'Economically active population survey' on March 13, 2024. The economically active population marked 28.957 million persons in February, which grew 353 thousand persons or 1.2% year-on-year. Please refer to the attached PDF.
Employment Rate and Labor Force Participation Rate All Hit Record High for February
In February 2024, both the employment rate for those aged 15 and above (61.6%) and the employment rate for those aged 15 to 64 (68.7%), as well as the labor force participation rate (63.6%), all hit a record high for the month of February. Moreover, employment and labor force par...
Financial Services Commission
Household Loans, February 2024
In February 2024, the outstanding balance of household loans across all financial sectors fell KRW1.8 trillion (preliminary), declining for the first time since March 2023. * Change (in trillion KRW, y-o-y): +2.4 (Sep 2023), +6.2 (Oct), +2.6 (Nov), +0.1 (Dec), +0.9 (Jan 2024...
MSS plans to create a private-led venture capital ecosystem, with the first master fund being raised by a private venture capitalist
On February 29, the Ministry of SMEs and Startups (Minister OH Youngju) announced the establishment of the first private venture capital (VC) master fund. This happened just four months after the Venture Investment Promotion Act was amended in October 2023 to institutionalize pri...
Mar 12,2024
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