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
Ministry of Economy and Finance
Effective Tariff Rate on US Imports Remains Close to 0% Under the Korea-US 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 the tariff rate on goods imported from the U.S. to Korea is at approximately 13.6%, following Mexico and Ca...
Feb 14,2025
Ministry of Economy and Finance
Current Economic Situation, February 2025
In December 2024, industrial and services production, and facilities and construction investments climbed up while retail sales dropped.
Production increased in the industrial (+4.6% m-o-m, +5.3% y-o-y), services (+1.7% m-o-m, +1.2% y-o-y), and construction (+1.3% m-o-m, -8.3% ...
Feb 14,2025
Ministry of Trade, Industry and Energy
Korea’s ICT exports drop 0.4% in January
The Ministry of Trade, Industry and Energy (MOTIE) of the Republic of Korea announced on February 13 that exports and imports of Korea’s information and communications technology (ICT) goods for the month of January 2025 reached USD 16.3 billion and $13.5 billion, respectiv...
Feb 13,2025