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Ministry of Health and Welfare

Korean Government Delegation to Attend the 78th World Health Assembly (May 19?27)

The Ministry of Health and Welfare (MOHW, Minister Cho KyooHong) announced that a Korean government delegation, led by Minister Cho as head of the delegation, is attending the 78th World Health Assembly (WHA), organized by the World Health Organization (WHO), currently being held...

May 21,2025

Ministry of Agriculture, Food and Rural Affairs

The K-Smart Farm Roadshow Leads to Fruitful Results in Kazakhstan and Azerbaijan

The K-Smart Farm Roadshow Leads to Fruitful Results in Kazakhstan and Azerbaijan Sejong, 21 May 2025 —The Ministry of Agriculture, Food and Rural Affairs (MAFRA) and the Korea Trade-Investment Promotion Agency (KOTRA) jointly held this year’s first K-Smart Farm Roadshow...

May 21,2025

Ministry of Trade, Industry and Energy

Korea’s automobile exports record $6.5 billion in April

Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced today that domestic automobile sales for the month of April 2025 logged 150,622 units, increasing month-on-month for the third consecutive month. Domestic sales advanced 6.7 percent year-on-year on the backs o...

May 20,2025

Bank of Korea

Household Credits in Q1 2025

□ Total household credits outstanding increased by 2.8 trillion won in Q1 2025 to stand at 1,928.7 trillion won as of end-March, with household loans totaling 1,810.3 trillion won and merchandise credits 118.5 trillion won. o Household loans increased by 4.7 trillion won dur...

May 20,2025

Financial Services Commission

FSC Announces Plan to Implement Third-stage Stressed DSR Rule as Scheduled from July 1

The Financial Services Commission held a meeting on household debt with officials from related government ministries, industry groups, and five major banks on May 20. At the meeting, officials reviewed recent household debt situation and risk factors and discussed detailed m...

May 20,2025

Financial Services Commission

KoFIU Unveils H2 2024 Survey Result on Virtual Asset Service Providers

The Korea Financial Intelligence Unit (KoFIU) conducted a survey on 25 registered virtual asset service providers (VASPs) to assess the current state of the domestic virtual asset market and keep relevant statistics up to date. Survey Overview (Respondents)  25 VAS...

May 20,2025

Ministry of Trade, Industry and Energy

Korea strengthens cooperation with Asia-Pacific economies to address global trade uncertainties

Korea’s Minister for Trade Inkyo Cheong of the Ministry of Trade, Industry and Energy (MOTIE) held high-level bilateral talks with trade representatives of 14 APEC member economies and the World Trade Organization (WTO) through May 14-16 on Jeju Island, as part of a series ...

May 19,2025

Ministry of Trade, Industry and Energy

2025 APEC Ministers Responsible for Trade Joint Statement

1. We, the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT), met in Jeju, Republic of Korea, from 15-16 May 2025, under the chairmanship of H.E. Inkyo Cheong, Minister of Trade of the Republic of Korea. We welcome the participation of the Director-Ge...

May 19,2025

Ministry of Science and ICT

MSIT Launches KRW 400 Billion K-Cloud R&D Project Based on Domestic AI Semiconductors

- Korea aims to secure world-class AI computing infrastructure technologies—both hardware and software—based on domestically developed AI semiconductors - MSIT selects 17 consortia to lead the 2025 K-Cloud Technology Development Project- A total of 59 R&D institu...

May 19,2025

Ministry of Science and ICT

Korea Secures 1.9 Trillion KRW in Supplementary Budget for AI Sector—Laying the Groundwork to Become a Global Top 3 AI Powerhouse

-Expanding AI computing infrastructure by securing 10,000 advanced GPUs by year-end (KRW 1.6341 trillion) -Launching a full-scale initiative to develop world-class AI models (KRW 213.6 billion) -Hosting the Global AI Challenge to foster top-tier talent in the second half of t...

May 19,2025