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Ministry of Economy and Finance

Consumer Price Index, February 2024

The Consumer Price Index was 113.77(2020=100) in February 2024. The index increased 0.5 percent from the preceding month and rose 3.1 percent from the same month of the previous year. Please refer to the attached pdf for the full report.

Mar 06,2024

Financial Services Commission

Authorities Hold Meeting on Policy Finance to Discuss Operation of KRW5 Trillion Fund for MMEs

The Financial Services Commission held the 6th consultative body meeting on policy finance with related government ministries and policy financial institutions on March 6. FSC Vice Chairman Kim Soyoung presided over the meeting and delivered opening remarks where he emphasiz...

Mar 06,2024

Ministry of Economy and Finance

Consumer Prices Rose 3.1% in February

Consumer Price Index (CPI) rose by 3.1% in February compared to that of last year (2.8% in January). While prices of agricultural products such as fruits (5.7% m-o-m, 20.9% y-o-y) have been rising due to sluggish harvest last year, the recent increase in global oil prices has bee...

Mar 06,2024

Ministry of Culture, Sports and Tourism

Minister YU attended the Opening Ceremony of INSPIRE Resort in Yeongjong Island in Incheon

Minister YU In Chon of the Ministry of Culture, Sports and Tourism (MCST) visited INSPIRE Entertainment Resort (President Chen Si, INSPIRE) on March 5 (Tue) which opened its doors on Yeongjong Island in Incheon. During the opening ceremony, Minister YU stated, “The ope...

Mar 06,2024

Ministry of Gender Equality & Family

Expanding the criteria for fine exemption for business owners deceived into selling cigarettes to youths

Expanding the criteria for fine exemption for business owners deceived into selling cigarettes to youths The Ministry of Gender Equality and Family(MOGEF) announced on Wednesday, March 6 the enactment of the “Enforcement Decree of the Youth Protection Act,” which r...

Mar 06,2024

Ministry of Foreign Affairs

The Republic of Korea-U.S. Consultation on the Special Measures Agreement

Since 1991, Special Measures Agreements have reflected our shared commitment to a stable stationing environment for U.S. forces in the Republic of Korea (ROK) and a robust combined defense posture. As an exceptional measure to Article 5 of the ROK-U.S. Status of Forces Agreement,...

Mar 05,2024

Ministry of Culture, Sports and Tourism

Congratulations to the Korean National Team for Qualifying for the Paris Olympics at the ITTF World Team Table Tennis Championships Finals Busan 2024

On March 4, Minister YU In Chon Met and Congratulated the Men’s and Women’s Table Tennis TeamsTable Tennis Legends, including RYU Seung Min, HYUN Jung Hwa, and KIM Taek Soo, Gathered to Share Insights On the morning of March 4 (Mon), Minister YU In Chon of the Mi...

Mar 05,2024

Ministry of Culture, Sports and Tourism

Korea to foster a Muslim-friendly tourism environment together with the private sector

Launching of “A'alam Arabi Korea” on Feb 28 attended by Minister YU In Chon, Second Vice Minister JANG Mi Ran, and ambassadors from 5 GCC countries31 companies across 6 sectors including accommodation, medical services, beauty, shopping, food and beverage, and K-cultu...

Mar 05,2024

Ministry of SMEs and Startups

MSS to introduce multiple ways to support startups, shifting the existing paradigm for support

The Ministry of SMEs and Startups (Minister OH Youngju) has announced the opening of applications for startups to participate in the Startup Support Package for 2024 starting February 27. This project is expected to bring about a significant change in the way startup support is p...

Mar 04,2024

Ministry of Patriots and Veterans Affairs

MPVA Announces Plan to Build ‘National Memorial for Patriotic Movements’ in Daegu

• The plan was announced at the 16th Policy Discussion with Citizens held at Kyungpook National University on Monday, the 4th.• Research on feasibility and basic concepts will be conducted from March to September, and a preliminary feasibility study in the second half of the year...

Mar 04,2024