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Ministry of Environment

Minister of Environment Kim Wansup, Strengthening International Cooperation Networks for Carbon Neutrality Implementation

▷ Agreement to hold a commemorative ceremony for the OECD ‘ASEAN+3 Plastic Outlook’ in line with hosting the World Environment Day in Korea▷ Promotion of technological support cooperation with UNESCO to enhance water security in developing countries, including flood for...

Mar 06,2025

Ministry of Economy and Finance

Global Credit Rating Agency Standard & Poor’s to Conduct Annual Consultation on Korea

The global credit rating agency Standard & Poor’s (S&P)* will visit Korea from March 10th (Monday) to March 14th (Friday) to conduct its annual consultation for the sovereign credit rating assessment.   * S&P Annual Consultation Team: KimEng Tan, Senior Director, Asia-Pacific Sov...

Mar 06,2025

Ministry of Trade, Industry and Energy

Korea’s average tariff rate on U.S. imports is close to 0%

After U.S. President Donald Trump stated in his address to a joint session of Congress on March 4 (local time) that Korea’s average tariff rate is four times higher than that of the U.S., multiple media outlets reported on the comment. Under the Korea-U.S. Free Trade A...

Mar 05,2025

Ministry of Trade, Industry and Energy

Korea and Spain advance joint R&D cooperation in cutting-edge industries

The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea and Spain’s Ministry of Science, Innovation and Universities (MICIU) held the second Korea-Spain Industrial Technology Cooperation Joint Committee (“Joint Committee”) meeting today in Ma...

Mar 05,2025

Ministry of Land, Infrastructure and Transport

K-Railway Won KRW 2.2 Trillion Moroccan Metro Project

The Ministry of Land, Infrastructure and Transport (MOLIT, Minister PARK Sang-woo) announced last month (01:00 a.m. 26 February 2025, KST) that Hyundai Rotem won contracts to supply 240 inter-city metro railcars and 200 intra-city ones among the four types of railcar supply proj...

Mar 05,2025

Statistics Korea

Online Shopping in January 2025

○ The online shopping transaction value marked 21.8674 trillion won in January 2025, rising 1.3% from January 2024. ○ The mobile shopping transaction value marked 17.2717 trillion won in January 2025, rising 5.9% from January 2024. For more information, refer to the att...

Mar 05,2025

Ministry of Foreign Affairs

Minerals Security Partnership (MSP) Principals’ Meeting in Toronto

MSP Partners: Republic of Korea, Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, Sweden, the United Kingdom, the United States of America, and the European Commission.Today, the partners of the Minerals Security Partnership (MSP) conve...

Mar 05,2025

Bank of Korea

Gross National Income: Fourth Quarter and Annual 2024 (Preliminary)

◈ Real gross domestic product (real GDP, chained volume measure of GDP) increased by 0.1% in the fourth quarter of 2024 compared to the previous quarter, consistent with the figure given in the advance estimate. ◈ Real gross national income (real GNI) increased by 1.3% in th...

Mar 05,2025

Ministry of Trade, Industry and Energy

Minister Ahn holds first high-level meeting with new U.S. government officials in Washington D.C.

Minister of Trade, Industry and Energy Dukgeun Ahn of the Republic of Korea visited Washington D.C. from February 26–28 (local time), where he met with U.S. government officials and lawmakers to discuss bilateral trade issues, including U.S. tariff measures, and ways to bol...

Mar 05,2025

Ministry of Economy and Finance

Korea’s Average Tariff Rate on U.S. Imports is Close to 0%

After U.S. President Donald Trump stated in his address to a joint session of Congress on March 4 (local time) that Korea’s average tariff rate is four times higher than that of the U.S., multiple media outlets reported on the comment. Under the Korea-U.S. Free Trade Agreement (...

Mar 05,2025