Ministry of Trade, Industry and Energy
Korea and Malaysia enter 7th negotiating round for bilateral FTA
Director General for FTA Negotiations Kwon Hye-jin at the Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea is leading the Korean delegation in the seventh round of official negotiations for the Korea-Malaysia Free Trade Agreement (FTA) through February 17&n...
Feb 17,2025
Ministry of Economy and Finance
Acting President Choi Sang-mok Holds a Luncheon Meeting on Work-Life Balance
On February 17th (Monday), Acting President and Deputy Prime Minister Choi Sang-mok, who also serves as the Minister of Economy and Finance, held a luncheon meeting at the Government Complex-Seoul with high-level officials from relevant ministries* and key policy demanders such a...
Feb 17,2025
Bank of Korea
Export/Import Price Indexes and Trade Indexes - January 2025(preliminary)
□ The Export Price Index (KRW basis) increased 1.2 percent from the previous month.
o The index increased 8.5 percent over the last 12 months.
□ The Import Price Index (KRW basis) increased 2.3 percent from the previous month.
o It increased 6.6 percent over the last 1...
Feb 14,2025
Statistics Korea
Economically Active Population Survey in January 2025
[Economically active population and labor force participation rate]
◦ The economically active population marked 28.961 million persons in January, which grew 146 thousand persons or 0.5% year-on-year.
◦ The labor force participation rate stood at 63.4% in January, up 0.1%p ye...
Feb 14,2025
Ministry of Trade, Industry and Energy
Effective Tariff Rate on U.S. Imports Remains Close to 0% Under the Korea-U.S. FTA
Regarding the memorandum on reciprocal trade and tariffs announced by the Trump administration on February 14, 2025 (KST), multiple foreign media outlets have reported that Korea's tariff rate on U.S. imports is approximately 13.6%, following Mexico and Canada.
According to ...
Feb 14,2025