Bank of Korea to issue 7 trillion won in stabilization bonds in October
The central bank kept its October issuance total unchanged from September while cutting competitive auctions and raising the amount it can take up directly.
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Economy
Official statistics, rates and indicators as they are released.
Korea's industry ministry projects 0.38 percentage point GDP gain from CPTPP
A preliminary government analysis finds joining the Pacific trade pact would lift manufacturing output but cut farm, forestry and fisheries production.
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National Data Office marks first year with expert meeting on data bill
The National Data Office convened data specialists to discuss ways to invigorate the national data ecosystem as a bill to establish a national data framework advances in the National Assembly.
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Korea, Mexico sign economic cooperation initiative, launch trade study
South Korea and Mexico agreed to study the potential benefits of a trade agreement and signed four private-sector MOUs at a business forum in Mexico City.
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Industry ministry expands crude import fee refunds to ease Middle East reliance
The government will temporarily waive minimum volume and contract requirements while covering up to 100 percent of freight cost differences for oil sourced from non-Middle Eastern regions through December.
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Industry ministry urges EU parliament to revise Industrial Accelerator Act
South Korea's top trade negotiator met with European lawmakers to demand equal treatment for Korean firms under the bloc's proposed industrial law.
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Industry ministry picks three industrial complexes for revitalization
The Jeju, Wanju and Munmak sites were selected as candidates for a government program targeting aging manufacturing hubs.
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Finance ministry scraps unfair public contract exemptions to boost fairness
The Ministry of Economy and Finance announced plans to abolish or revise 22 special contract exemptions while expanding local government authority over innovative product designations.
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Industry ministry selects Jeonbuk sites as semiconductor and robotics hubs
The Ministry of Trade, Industry and Energy designated new specialized industrial complexes in Gunsan, Iksan and Wanju to anchor regional growth engines.
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Bank of Korea says consumer sentiment rises in September on improved economic outlook
The Composite Consumer Sentiment Index climbed 2.1 points to 106.6 as households grew more optimistic about current business conditions and future income.
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SMEs ministry secures legal basis to integrate small merchant data
The revised Small Merchant Basic Act allows the ministry to request income and cost details from tax and labor authorities to target support more precisely.
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SMEs ministry hosts forum to back social economy firms
The ministry outlined plans to expand funding and legal support for companies focused on social value following the enactment of a new basic law.
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SMEs ministry expands support to include village enterprises and medical foundations
A revision to the Basic Act on Small and Medium Enterprises approved Tuesday will allow entities to access government support.
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SMEs ministry passes bill to curb unfair venture capital practices
The revised Venture Investment Act bans bribes by major shareholders and restricts predatory contract terms.
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Industry ministry launches research council on AI and corporate future
The body will gather private experts to draft policy recommendations on workforce retraining, labor market flexibility and enterprise performance within two months.
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Industry ministry unveils K-battery roadmap to reclaim global market lead
South Korea will funnel 400 billion won in public funds and mobilize 8 trillion won in private investment to dominate next-generation sodium and solid-state battery markets by 2030.
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SMEs ministry vows to probe platform fees after hearing merchant grievances
Vice Minister Lee Byeong-kwon announced plans to institutionalize a co-growth index and secure data rights for small business owners following a meeting with industry representatives.
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SMEs ministry raises public procurement threshold for small firms
The Ministry of SMEs and Startups approved a revision to expand the scope of preferential contracts for small businesses.
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Industry ministry approves 392 billion won in regional investments to create 429 jobs
The latest round of subsidies targets companies in six provinces far from Seoul, with bio and food sectors leading the expansion.
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Industry ministry denies six-month deadline for oil price cap
The government clarified that reported settlement dates mark the end of accounting periods, with compensation expected by year-end following the submission of refinery cost data.
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SMEs ministry seeks startups to solve public service challenges
The government will provide up to 100 million won per company to support collaborations between startups and 18 public institutions.
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Industry ministry launches first C5+1 industrial ministers meeting with Central Asia
South Korea and five Central Asian nations agreed to deepen cooperation in critical minerals, infrastructure and manufacturing technology during a inaugural gathering in Seoul.
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SMEs ministry holds second campus tour for youth startup project at Korea University
The Ministry of SMEs and Startups visited Korea University to share experiences from the first round of its Everyone's Startup project and announce expanded support for the second round.
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Industry ministry holds emergency meeting on crude oil supply amid Middle East tensions
Officials and industry representatives confirmed that South Korea has secured sufficient crude imports for the coming months despite escalating regional conflicts.
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Industry ministry honors gas safety leaders as accidents hit record low
The Ministry of Trade, Industry and Energy awarded 38 individuals and groups at its 33rd annual ceremony while reporting that gas-related incidents fell to 65 last year.
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Industry ministry denies reporting US investment returns to parliament
The Ministry of Trade, Industry and Energy clarified that it never submitted internal rate of return calculations for strategic US investments to the National Assembly.
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Industry ministry finds harmful substances in nine squishy toys
A safety inspection of 76 popular tactile toys revealed that adult-labeled items had a significantly higher failure rate than certified children's products, prompting immediate recalls and intensified market crackdowns.
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Industry ministry extends duties on Chinese steel bars and H-beams
The Trade Commission voted to maintain anti-dumping measures on H-beams for five years while imposing provisional tariffs on rebar imports.
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Industry ministry honors 36 leaders to bolster K-display competitiveness
The government pledged full support for technological innovation and ecosystem strengthening as it recognized executives from Seking Hi-Tech, Samsung Display and LG Display at the 17th Display Day ceremony.
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Finance ministry doubles Chuseok discount support to 193 billion won
First Vice Minister Lee Hyung-il visited a traditional market to inspect holiday price stability measures and announce expanded budget allocations for next year.
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