Ministry of Agriculture, Food and Rural Affairs

Korean Food Service Providers Can Apply for Permission to Employ Foreign Workers on E-9 VisasSejong, 15 April 2024 — The Ministry of Agriculture, Food and Rural Affairs announced on 2 April that food services had been newly added to the list of businesses allowed t...

Apr 15,2024

Ministry of Economy and Finance

Deputy Prime Minister Choi Sang-mok convened the Emergency Ministerial Meeting on Economic Affairs at the Government Complex-Seoul on April 15 to discuss 1) economic impact of escalating tensions in the Middle East and policy responses, 2) follow-up measures for public discussion...

Apr 15,2024

Ministry of Foreign Affairs

The Government of the Republic of Korea strongly condemns the large-scale attack on Israel by Iran on April 13 (local time). The Government is monitoring the situation with deep concern and calls on all parties to exercise restraint in order to prevent further escalation of th...

Apr 14,2024

Bank of Korea

□ GDP growth this year will be broadly in line with the February forecast of 2.1%, but taking into consideration the fast rebound in exports, it may be slightly above the previous forecast. ▪ In the domestic economy, exports have been recovering at a rapid pace aided by an u...

Apr 12,2024

Ministry of SMEs and Startups

Minister OH Youngju of SMEs and Startups organized a consultative meeting with universities and companies on April 11, 2024, to discuss ways to connect SMEs with international students studying in Korea. The meeting aimed to listen to the challenges faced by universities and S...

Apr 12,2024

Bank of Korea

Monetary Policy Decision The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 3.50% for the intermeeting period. Although inflation is expected to continue its slowing trend, it still remains high and there are still high uncertain...

Apr 12,2024

Ministry of Trade, Industry and Energy

The Ministry of Trade, Industry and Energy (MOTIE) announced on April 12 that the Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement will come into effect on April 17 in Korea. Korea submitted its ratification documents on March 18, 2024, and the Ag...

Apr 12,2024

Ministry of SMEs and Startups

Minister OH Youngju of SMEs and Startups held a meeting with Tony Hemmelgarn, CEO of Siemens Digital Industries Software (Siemens DISW), in Seoul on April 11, 2024, to discuss measures to strengthen cooperation in the startup sector. MSS and Siemens DISW have formed a partners...

Apr 12,2024

Ministry of Economy and Finance

Statistics Korea released report on the 'Economically active population survey' on April 12, 2024. The economically active population marked 29.288 million persons in March, which grew 225 thousand persons or 0.8% year-on-year Please refer to the attached PDF.

Apr 12,2024

Ministry of Economy and Finance

In February, industrial and services production and facilities investment saw an increase while retail sales and construction investment dropped. Despite a decline in construction production (-1.9% m-o-m and +0.5% y-o-y), the entire production climbed up (+1.3% m-o-m and +2.0% y...

Apr 12,2024