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 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
Ministry of Economy and Finance
A 50 Trillion KRW High-Tech Strategic Industry Fund to be Established
On March 5th (Wednesday), the government finalized and announced the “Plan for Establishing a High-Tech Strategic Industry Fund (tentative name) to Enhance Future Industrial Competitiveness” during a Ministerial Meeting on National Affairs, Ministerial Meeting on Economic Affai...
Mar 05,2025
Ministry of Patriots and Veterans Affairs
MPVA and Overseas Koreans Agency Unite to Promote a Global Culture of Honor
- On Thursday, the 6th, at 3 PM, Minister Kang Jung-ai and Commissioner Lee Sangdeok will sign a Memorandum of Understanding MOU at National Memorial of the Korean Provisional Government.- The partnership focuses on supporting education on patriots and veterans, preserving and ut...
Mar 04,2025