Ministry of Science and ICT
MSIT Selects Five Elite Teams for the “Sovereign AI Foundation Model” Project
-Naver Cloud, Upstage, SK Telecom, NC AI, and LG AI Research selected
-All participating teams demonstrated strong capabilities and meaningful ambition, and are expected to help expand Korea’s AI ecosystem across multiple fronts
-The project now moves into full-scale de...
Aug 18,2025
Ministry of Science and ICT
MSIT Selects Five Elite Teams for the “Sovereign AI Foundation Model” Project
- Naver Cloud, Upstage, SK Telecom, NC AI, and LG AI Research selected
- All participating teams demonstrated strong capabilities and meaningful ambition, and are expected to help expand Korea’s AI ecosystem across multiple fronts
- The project now moves into full-sca...
Aug 18,2025
Ministry of Trade, Industry and Energy
Korea’s ICT Exports Surge 14.4% in July
The Ministry of Trade, Industry and Energy and the Ministry of Science and ICT announced on August 14 that Korea’s exports of ICT goods in July 2025 climbed 14.5 percent year-on-year to USD 22.2 billion, while imports grew 9.8 percent to $13.3 billion. The trade balance rec...
Aug 14,2025
Ministry of Trade, Industry and Energy
Korea’s Shipbuilding Takes Another Leap with MASGA Project
[Naming Ceremony of LNG Carriers]
Korea’s Minister of Trade, Industry and Energy Kim Jung-kwan attended the naming ceremony for two very large liquefied natural gas (LNG) carriers on Thursday, August 14, 2025, at Hanwha Ocean’s Geoje Shipyard in Gyeongsangnam-do, K...
Aug 14,2025
Bank of Korea
Issuance of APEC 2025 KOREA Commemorative Coins
□ Two commemorative coins will be issued on September 9, 2025, to celebrate the hosting of the APEC 2025 in Korea, to elevate the Republic of Korea’s economic and diplomatic stature, and to reaffirm the value of cooperation among APEC members.
ㅇ Price: 83,500 won for sin...
Aug 14,2025
Bank of Korea
Export/Import Price Indexes and Trade Indexes - July 2025(preliminary)
□ The Export Price Index (KRW basis) increased 1.0 percent from the previous month.
o The index decreased 4.3 percent over the last 12 months.
□ The Import Price Index (KRW basis) increased 0.9 percent from the previous month.
o It decreased 5.9 percent over the last 1...
Aug 14,2025
Bank of Korea
Monetary and Liquidity Aggregates (June 2025)
1. During June 2025, Narrow Money (M1, seasonally adjusted, period-average) was similar compared to the previous month.
2. Broad Money (M2, seasonally adjusted, period-average) increased by 0.6%.
※ Please refer to the attached files.
Aug 13,2025
Statistics Korea
Economically Active Population Survey in July 2025
[Economically active population and labor force participation rate]
◦ The economically active population marked 29.754 million persons in July, which grew 160 thousand persons or 0.5% year-on-year.
◦ The labor force participation rate stood at 65.0% in July, up 0.1%p year-on-...
Aug 13,2025