Ministry of Foreign Affairs

A Proactive Step to Address AI as a Game Changer in the International Arena1. On February 25, the Ministry of Foreign Affairs (MOFA) officially launched its new AI Diplomacy Division in a strategic initiative designed to tackle the growing challenges and opportunities posed by ar...

Feb 26,2025

Financial Services Commission

The Financial Services Commission and the Financial Supervisory Service introduced a set of measures intended to prevent mis-selling of highly complex financial investment products on February 26. Background In the aftermath of large-scale losses incurred to investors r...

Feb 26,2025

Ministry of Economy and Finance

On February 26th (Wednesday), Acting President and Deputy Prime Minister Choi Sang-mok, who also serves as the Minister of Economy and Finance, visited the Osong Advanced Medical Complex (hereinafter referred to as the ‘Complex’), a key bio cluster in the central region, along wi...

Feb 26,2025

Ministry of Environment

▷ Budget of KRW 618.7 billion for electric vehicle charging facility installation project, a 43% increase compared to 2024 ▷ Revision of subsidy guidelines to adjust subsidy amounts realistically and strengthen maintenance obligations such as charger repairsThe Min...

Feb 26,2025

Bank of Korea

▣ GDP growth forecast for 2025 has been significantly revised downward from 1.9% to 1.5%. ￭ Both exports and domestic demand face heightened downward pressures due to U.S. tariff policies and domestic political uncertainty. ￭ The future path of growth is anticipated to be c...

Feb 25,2025

Ministry of Trade, Industry and Energy

The Ministry of Trade, Industry and Energy (MOTIE) announced today that Korea’s retail industry grew 11.7 percent year-on-year in the month of January 2025, with offline and online sales advancing 8.8 percent and 14.6 percent, respectively. MOTIE's monthly retail sales...

Feb 25,2025

Ministry of Trade, Industry and Energy

Minister for Trade, Industry and Energy Dukgeun Ahn of the Republic of Korea met Vietnam’s Trade and Industry Minister Nguyen Hong Dien today in Seoul for bilateral talks on measures to widen energy and trade cooperation. Korea’s biggest trading and investment pa...

Feb 25,2025

Ministry of Patriots and Veterans Affairs

- MOU signing ceremony will be held at Seoul National Cemetery on Wednesday, the 26th, at 2 PM, attended by Minister Kang Jung-ai and Dongjak District Mayor Park Il-ha.- MPVA will promote local economic revitalization and incorporate residents’ opinions, while Dongjak District wi...

Feb 25,2025

Bank of Korea

Monetary Policy Decision The Monetary Policy Board of the Bank of Korea decided today to lower the Base Rate by 25 basis points, from 3.00% to 2.75%. Although concerns about foreign exchange markets still remain, inflation stabilization has continued along with an ongoing slo...

Feb 25,2025

Ministry of Patriots and Veterans Affairs

- mpva organizes a campaign to honor independence patriots at national cemeteries, t burial sites, and individual graves- intensive five-day tributes will take place monday, february 24, to friday, february 28, ahead of march 1st independence movement day- minister kang jung-ai ...

Feb 25,2025