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Ministry of Economy and Finance

Consumer Price Index Climbed By 1.3% in October

The consumer price index (CPI) in October 2024 rose by 1.3% y-o-y, down 0.3%p from September (1.6%), reaching the lowest rate of increase in 3 years and 9 months (45 months) since January 2021 (0.9%). This is due to the expanded decline in petroleum prices (-2.3% m-o-m, -10.9% y-...

Nov 05,2024

Ministry of Agriculture, Food and Rural Affairs

Cumulative Exports of Korean Agri-food Products Reached Record High of USD 8.2 Billion from January through October

Cumulative Exports of Korean Agri-food Products Reached Record High of USD 8.2 Billion from January through OctoberSejong, 5 November 2024 — The Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced that the yearly cumulative value of exports of Korean agri-food ...

Nov 05,2024

Financial Services Commission

Disclosure Requirement on Net Short Position Balance to be Strengthened from December 1

The Financial Services Commission announced that a revision bill for the Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA) was approved by the government at the cabinet meeting held on November 5. This revision intended to strengthen the disc...

Nov 05,2024

Ministry of Environment

Rapid Flood Risk Alerts, Flood Control Through Dams, and Expansion of River Maintenance to Protect Citizens’ Lives This Summer

▷ Providing rapid and accurate flood risk information to the public using smart digital technologies such as artificial intelligence (AI) flood forecasting, navigation guidance, and flood-prone area notification messages▷ Securing flood control capacity through proactiv...

Nov 05,2024

Ministry of Foreign Affairs

1st Strategic Dialogue between Republic of Korea and European Union Held in Seoul

1. On November 4, Minister of Foreign Affairs Cho Tae-yul of the Republic of Korea (ROK) and High Representative of the European Union (EU) for Foreign Affairs and Security Policy Josep Borrell held the first ROK-EU Strategic Dialogue in Seoul. They discussed a wide range of topi...

Nov 04,2024

Ministry of Land, Infrastructure and Transport

Additional Greenhouse Gas Reduction through Targeted Management in Transportation Sector

The Ministry of Land, Infrastructure and Transport (MOLIT, Minister PARK Sang-woo) has additionally reduced greenhouse gas emissions by 32,667 tons CO2eq* through the Greenhouse Gas Emissions Targets 2023 in Transportation Sector (excluding shipping and ports). * Carbon di...

Nov 04,2024

Ministry of Trade, Industry and Energy

Korea and Qatar discuss stable energy supply & clean energy cooperation

Minister for Trade, Industry and Energy Dukgeun Ahn of the Republic of Korea met Saad Sherida Al-Kaabi, Qatar’s Minister of Energy and the President and CEO of QatarEnergy, today in Seoul for the Korea-Qatar Energy Ministers’ Meeting. As of 2023, Qatar is Korea’...

Nov 04,2024

Ministry of Patriots and Veterans Affairs

Korean War Hero of the Month: USMC 1st Lt Baldomero Lopez, Hero of the Battle of Incheon

the ministry of patriots and veterans affairs minister kangjung-ai announced that lieutenant baldomero lopez of the u.s. marine corps has been ed as the korean war hero of november 2024 for his extraordinary courage and self-sacrifice during the battle of inchon on september 15, ...

Nov 03,2024

Ministry of Patriots and Veterans Affairs

Independence Activists of the Month: Three Righteous Army Leaders of the Late Joseon Era

the ministry of patriots and veterans affairs minister kang jung-ai announced the ion of choi se-yun, jeong won-jip, and kim youngbaek as the independence activists of november 2024. these individuals were honored for their steadfast patriotism and dedication to safeguarding kore...

Nov 03,2024

Ministry of Health and Welfare

G20 Adopts Joint Declaration on International Cooperation in the Health Sector

G20 Adopts Joint Declaration on International Cooperation in the Health Sector to Address Health Inequalities   - Minister Cho KyooHong attends G20 Health Ministers' Meeting and Joint Finance and Health Ministers' Meeting-   Health and Welfare Minister Cho KyooHon...

Nov 01,2024