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Bank of Korea

Bank of Korea and the People's Bank of China Renew the Bilateral Currency Swap Arrangement

Bank of Korea and the People's Bank of China renew the Korean Won-Chinese Yuan Bilateral Currency Swap Arrangement. The effective period is five years from November 1, 2025 to October 31, 2030 and could be extended by agreement between the two sides. ※ Please refer to...

Nov 03,2025

Ministry of Data and Statistics

Online Shopping in September 2025

○ The online shopping transaction value marked 23.7956 trillion won in September 2025, rising 13.3% from September 2024. ○ The mobile shopping transaction value marked 18.0552 trillion won in September 2025, rising 11.0% from September 2024. ※ For more information, r...

Nov 03,2025

Ministry of Trade, Industry and Resources

Korea’s Exports Hit New Peak for October

The Ministry of Trade, Industry and Resources (MOTIR) announced on October 29 that Korea’s retail industry grew 7.7 percent year-on-year in September 2025, with offline sales down 1.0 percent and online sales up 16.5 percent. MOTIR’s monthly retail sales figures ...

Nov 03,2025

Ministry of Culture, Sports and Tourism

Two English Guides on Generative AI’s Outputs and Copyright Released on November 3

- Providing guidance on copyright registration and disputes prevention  for AI -assisted works to address key questions from AI service providers, rights holders, and users- Global publication of two English editions following the Korean release in June On November 3, t...

Nov 03,2025

Ministry of Agriculture, Food and Rural Affairs

The ROK and Singapore Finalize the Export Deal for Juju Island-Produced “Hanwoo” Beef and Pork at the APEC Summit

The ROK and Singapore Finalize the Export Deal for Juju Island-Produced “Hanwoo” Beef and Pork at the APEC SummitSejong, 2 November 2025 — On 2 November 2025, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) of the Republic of Korea (ROK) has announced that, on th...

Nov 03,2025

Ministry of Agriculture, Food and Rural Affairs

The ROK and the PRC Finalize the Persimmon Export Deal at the Summit in 17 Years

The ROK and the PRC Finalize the Persimmon Export Deal at the Summit in 17 YearsSejong, 2 November 2025 — On 2 November 2025, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) of the Republic of Korea (ROK) has announced that the quarantine negotiation with the Peo...

Nov 03,2025

Ministry of Trade, Industry and Resources

Korea to Strengthen Supply Chain Stability for Rare Earth Elements and Critical Minerals

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol presided over the 6th Supply Chain Stabilization Committee Meeting at the Government Complex Seoul on Friday, October 31. The meeting reviewed recent developments in economic security and discussed (1) measur...

Oct 31,2025

Ministry of Trade, Industry and Resources

Korea Sets World’s First Standard for Photovoltaic-Thermal Hybrid Modules

The Korean Agency for Technology and Standards (KATS, President Kim Dae-ja) under the Ministry of Trade, Industry and Resources (MOTIR) announced on Friday, October 31, that it has established and officially announced the world’s first Korean Industrial Standard (KS) for ph...

Oct 31,2025

Bank of Korea

Interest Rates (Sep 2025)

□ In September 2025, the average interest rate on new deposits was 2.52%, up 3 basis points from the previous month. ― The average interest rate on outstanding amounts of deposits as of end-September was 2.04%, down 4 basis points from the previous month. □ In Septemb...

Oct 31,2025

Ministry of Trade, Industry and Resources

Korea’s Battery Industry Aims for Recovery and Renewed Growth

Vice Minister Moon Shin-hak of the Ministry of Trade, Industry and Resources (MOTIR) attended the 5th Battery Industry Day ceremony held on Thursday, October 30, at Josun Palace Seoul. Established to recognize the achievements of the battery industry and to foster unity among its...

Oct 31,2025