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Ministry of Trade, Industry and Energy

Korea shares nuclear policies at Roadmaps to New Nuclear 2024

Deputy Minister for Energy Policy Lee Ho-hyeon attended the Roadmaps to New Nuclear 2024 conference on September 19 at the OECD Conference Center in Paris, France, where he introduced Korea’s nuclear energy policies. The conference was attended by high-level government officials ...

Sep 19,2024

Ministry of Economy and Finance

Meeting on Macroeconomic and Financial Stability (Sep. 19, 2024)

On September 19, Deputy Prime Minister Choi Sang-mok held an emergency Meeting on Macroeconomic and Financial Stability with related institutions[1] to assess the impact of the decision by the U.S.’s Federal Open Market Committee (FOMC) to cut the benchmark interest rate on domes...

Sep 19,2024

Ministry of Environment

Sixty-nine (69) Overseas Direct Purchase Products Non-Compliant with Domestic Safety Standards Blocked from Distribution in Korea

▷ Results of safety investigation on 558 overseas direct purchase products, including household chemical products and metal accessories, releasedThe Ministry of Environment (Minister Kim Wansup) announced that from April of this year until recently, it purchased 558 products...

Sep 19,2024

Ministry of Foreign Affairs

Korea Assumes Presidency of 68th IAEA General Conference

1. Korea has been elected President of the 68th General Conference of the International Atomic Energy Agency (IAEA) at the opening plenary held in Vienna, Austria, on September 16. Ambassador Ham Sang Wook, Permanent Representative of the Republic of Korea to the International Or...

Sep 16,2024

Ministry of SMEs and Startups

Vietnamese Small Business Popup Store Event Concludes Amidst Warm Enthusiasm

The Ministry of SMEs and Startups (MSS, Minister OH Youngju) announced that a popup store for small businesses held in Vietnam successfully concluded with 22,000 local visitors over the span of seven days.   The popup store event for small businesses, held from August 28 (...

Sep 13,2024

Ministry of SMEs and Startups

Introduction of the Right to Seek Prohibitory Measures for the Improper Use of Technical Data

Ministry of SMEs and Startups (MSS, Minister OH Youngju) announced that a partial amendment to the Act on the Promotion of Mutually Beneficial Cooperation Between Large Enterprises and Small and Medium Enterprises (‘Cooperative Partnerships Act’) passed the State Coun...

Sep 13,2024

Ministry of Economy and Finance

Current Economic Situation, September 2024

In July, services production and facilities investment went up, while industrial production, retail sales, and construction investment fell.  Despite increases in services production (+0.7% m-o-m, +2.2% y-o-y), the decrease in industrial production (-3.6% m-o-m, +5.5% y-o-y) and...

Sep 13,2024

Ministry of Agriculture, Food and Rural Affairs

S. Korea’s Agricultural Education Programme Helps Immigrant Women Married to Koreans Settle in Rural Communities

S. Korea’s Agricultural Education Programme Helps Immigrant Women Married to Koreans Settle in Rural CommunitiesSejong, 13 September 2024 — The Ministry of Agriculture, Food and Rural Affairs (MAFRA) has been running the agricultural education programme for immigrant women m...

Sep 13,2024

Ministry of Economy and Finance

Korea’s OFDI Posts $15.66 Billion in Q2 2024

Korea’s OFDI, Q2 2024  (US $billion, %, y-o-y) Korean OFDI 2022 2023 2024 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2    Amount invested 28.25 19.85 18.48 15.10 17.70 16.10 15.09 16.28 1...

Sep 13,2024

Ministry of Foreign Affairs

ROK Government Decides to Provide US$2 Million in Humanitarian Aid to Vietnam in Response to Typhoon

1. The government of the Republic of Korea has decided to provide US$2 million in humanitarian aid to Vietnam to support the latter’s ongoing relief efforts in response to the recent typhoon and heavy rainfall.※ The disaster reportedly left 152 people dead and 140 missing as of S...

Sep 12,2024