Industry ministry pushes AI, quantum standards cooperation with US
South Korea's industry ministry is expanding work with US and Canadian standards bodies to shape international standards in advanced technologies.
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Economy
Official statistics, rates and indicators as they are released.
SMEs ministry unveils second-half plan for smaller companies
The SMEs ministry's second-half agenda seeks to help startups scale while reducing overlapping support programs.
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SMEs ministry opens public vote for shared-growth awards
The nine-day ballot will be used to select nominees for this year's government honors.
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Bank of Korea adds status markers to ECOS
The central bank will label flash and provisional readings in ECOS, with multiple-statistics searches excluded from the new display.
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Bank of Korea says July inflation slows to 2.8 percent
July consumer-price inflation eased as petroleum and agricultural price gains slowed, but the Bank of Korea expects a higher reading in August.
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Industry ministry sets 2030 target for 500 AI factories
The industry ministry says early AI Factory projects raised productivity and will be expanded under its Manufacturing AI Transformation strategy.
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South Korea, Bangladesh reach trade pact in principle
The agreement would remove tariffs on major Korean exports and consumer goods while expanding service, digital and investment protections in Bangladesh.
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Industry ministry reports cabinet approval of semiconductor support rules
The rules take effect Aug. 11 and set frameworks for a presidential committee, regional semiconductor clusters, infrastructure support and workforce development.
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SMEs ministry opens nominations for nine local-revival awards
The SMEs ministry has opened nominations through Aug. 31 for nine 2026 commendations recognizing local economic renewal in regions facing population decline.
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Industry ministry to maintain oil supply measures amid Middle East instability
The government will keep price, anti-hoarding and export controls in place while Middle East conflict disrupts crude supply.
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Finance ministry unveils first package to speed corporate investment
The finance ministry's initial investment-support package targets regulatory hurdles affecting projects in advanced industries.
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Finance ministry to co-host Korea-Africa economic cooperation meeting
The finance ministry will co-host the eighth Korea-Africa Ministerial Economic Cooperation Conference in Seoul from Sept. 8 to 11, focused on AI and digital cooperation.
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Bank of Korea reports won gains as foreign investors sell
The central bank attributed the won's advance to a weaker dollar and improved local market conditions, even as foreign investors sold Korean securities in July.
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SMEs ministry doubles intake for second startup project
The SMEs ministry will start the second round of its Everyone's Startup project on Aug. 20, doubling its intake to 10,000 entrepreneurs.
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Finance ministry advances MSCI inclusion roadmap with access reforms
The finance ministry has finished 30 of 39 tasks and will introduce changes to make foreign-exchange trading and securities settlement easier for overseas investors.
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Industry ministry links nuclear exports to regulatory cooperation
The industry ministry and Nuclear Safety and Security Commission will coordinate regulatory support for nuclear projects in prospective export countries.
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Bank of Korea says July trade terms rose 24.7 percent
Export prices outpaced import costs, while larger overseas shipments supported the broader income terms-of-trade measure.
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Finance ministry says task force checks holiday meal support for vulnerable children
A government-wide public-livelihood task force inspected meal support at a Sejong community child center as school holidays can create gaps in care and meals.
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Bank of Korea reports broad-money growth in June
Broad money increased in June as money market funds and shorter-term deposits expanded.
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Bank of Korea says July bank deposits fell as credit rose
Central bank data show household lending growth slowed while corporate borrowing accelerated as deposits flowed out.
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Finance ministry says recovery strengthens as exports jump 62.8 percent
July export growth and improving consumption point to a strengthening recovery, though the finance ministry still cited war, tariff and labour-market risks.
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Finance ministry reviews Homeplus's 67-store reopening and support
The finance ministry reviewed Homeplus's reopening of 67 stores and support extended to workers and smaller suppliers.
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Industry ministry reports July ICT export record on AI demand
South Korea's ICT exports set a July record as AI-related server demand strengthened memory shipments, while displays, handsets and computing products also rose.
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Industry ministry, Army and Hyundai Motor Group sign AI robotics pact
The industry ministry, the Army and Hyundai Motor Group agreed to jointly test physical AI and robotics for potential military deployment.
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Industry ministry to assess US drone tariff impact on South Korean industry
The United States will impose tariffs of up to 100 percent on unmanned aircraft systems, while qualifying South Korean UAS and components can receive a 15 percent cap.
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Industry ministry to hold AI training for senior officials
The industry ministry will hold artificial intelligence transformation training for senior officials as it pursues its M.AX manufacturing strategy.
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Industry ministry reports highest-ever July auto exports in South Korea
South Korea's July automobile exports reached their highest level for the month at $6.24 billion, as demand for eco-friendly vehicles and SUVs remained firm and an August shift in summer holidays increased working days.
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Finance ministry unveils plan for 230,000-plus capital-region homes
Package combines accelerated construction, private-sector incentives and expanded financing support to address a housing supply slowdown.
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Industry ministry says Gwangju airport site chosen for semiconductor complex
A company selected the Gwangju military airport site for a Honam semiconductor industrial complex after reviewing nationwide candidates with the government, the industry ministry said.
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Industry ministry presses regional investment with Daedong visit
South Korea's industry ministry is pursuing changes to its return-investment support system as it seeks to draw advanced manufacturing investment to regional areas.
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