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Financial Services Commission

FSC Chairman Holds Meeting on Promoting Investment for Startups and Venture Businesses

Chairman Kim Joo-hyun of the Financial Services Commission held a meeting on promoting investment for startups and venture businesses on May 16. At the meeting, participants went over the progress of policy measures implemented since April last year, which were intended to b...

May 16,2024

Financial Services Commission

FSC Approves DGB Daegu Bank's Transition from Regional Bank to Nationwide Operator

The Financial Services Commission decided to approve DGB Daegu Bank’s application to make a transition from a region-specific operator to a nationwide commercial bank at the 9th regular meeting held on May 16. The FSC’s approval will introduce a new nationwide commerc...

May 16,2024

Ministry of SMEs and Startups

New venture investment amounted to KRW 1.9 trillion, and the VC funds were created worth KRW 2.4 trillion in Q1 2024

The Ministry of SMEs and Startups (MSS, Minister OH Youngju) announced a report on the 'diagnosis of the current situation of venture investment and countermeasures.' The report includes the latest trends in domestic venture investment and fund formation in the first quar...

May 14,2024

Ministry of Agriculture, Food and Rural Affairs

Global Grain Market Trend and Government’s Response

Global Grain Market Trend and Government’s ResponseThe 2024/25 global production of major grains, including wheat and soybeans, is projected to reach 2.967 billion tonnes, up by 1.3% from the previous marketing year (2023/24), and the projected 2024/25 ending stocks are 870 ...

May 14,2024

Ministry of Gender Equality & Family

Participation in the Deliberation for the 9th National Report of the Republic of Korea, in the Convention on the Elimination of all Forms of Discrimination against Women

Participation in the Deliberation for the 9th National Report of the Republic of Korea, in the Convention on the Elimination of all Forms of Discrimination against Women The government delegation from 6 ministries and organizations, including the Ministry of Gender Equali...

May 14,2024

Ministry of Foreign Affairs

Korea and Cuba Start Discussions on Opening of Cuban Embassy in Korea

1. Mario Alzugaray Rodriguez, Deputy Head of Mission of the Embassy of Cuba in China, arrived in Korea on May 12 to discuss the establishment of the Cuban Embassy in Korea. Director-General for Latin American and Caribbean Affairs and Director-General for Protocol Affairs had sep...

May 13,2024

Ministry of Trade, Industry and Energy

Korea and Cambodia hold 1st FTA Joint Committee meeting following entry into force

Professor Yoon Youngbin Appointed as the First Administrator of the Korea AeroSpace Administration - John Lee, former senior advisor at NASA, appointed as Deputy Administrator for Mission Directorates The Presidential Office announced the appointment of Professor Yo...

May 13,2024

Ministry of SMEs and Startups

Realizing the vision of "Startup Korea" in Japan - Korea-Japan Startup Investment Summit was held in Tokyo

The Ministry of SMEs and Startups (MSS, Minister OH Youngju) hosted the Korea-Japan Startup Investment Summit 2024 on Friday, May 10, at Toranomon Hills Mori Tower in Tokyo, Japan. This event consisted of three parts: Part 1: Korea-Japan Investment Cooperation Event, Part 2: S...

May 13,2024

Ministry of Foreign Affairs

Outcome of Korea-China Foreign Ministers’ Meeting (May 13)

Minister of Foreign Affairs Cho Tae-yul visited China and had a meeting with Wang Yi, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Minister of Foreign Affairs, on the afternoon of Monday, May 13. It was the first meeting between the t...

May 13,2024

Financial Services Commission

FSC and FSS Announce Measures to Seek an Orderly Soft-landing in the Real Estate Project Finance Market

The Financial Services Commission and the Financial Supervisory Service announced measures to seek an orderly soft-landing in the real estate project finance market on May 13, expanding upon the series of previously introduced measures aimed at stabilizing the market. Backgr...

May 13,2024