WEEKLY ECONOMIC BULLETIN

June 4, 2012

MAJOR NEWS AND EVENTS

[MOSF] Korea signs MOU with Brazil on KSP (June 1)

Korea's Strategy and Finance Minister, Bahk Jaewan and Brazil's Development, Industry and Foreign Trade Minister, Fernando Damata Pimentel signed an MOU on June 1 to step up bilateral cooperation through Korea's Knowledge Sharing Program (KSP). More

[MOSF] Consumer Price Index, May 2012 (June 1)

On June 1st 2012, Statistics Korea released the Consumer Price Index in May 2012. More

[MOSF] Industrial Activities in April 2012 (May 31)

On May 31st 2012, Statistics Korea released trends in Industrial Activities in 2012. More

[MOSF] Public-Private Meeting to Check Economic Situation (May 30)

Strategy and Finance Minister Bahk Jaewan held a joint meeting of both public and private experts to examine the current economic and financial market situation. The outlook of the current domestic and global economy was widely discussed, along with closely examining the state of the European debt crisis and sharing concerns over the possible slowdown of the Chinese economy. More

[MOSF] National Account, 2011 (May 29)

The Korean government will submit the FY2011 national financial settlement report to the National Assembly on May 31, 2012. Accrual-basis financial statements were added to this latest national settlement report for the first time. More

[MOSF] Ministerial Meeting on Prices (May 25)

Strategy and Finance Minister Bahk Jaewan talked about agricultural prices, measures to boost the online market, and the eradication of the IMEI (International Mobile Equipment Identity) whitelist system at this week's ministerial meeting on prices. More

[BOK] Industrial Loans of Depository Corporations during Q1 2012 (May 31)

Industrial lending by depository corporations expanded by 6.5trillion won in Q1 2012, led by the manufacturing sector. More

[BOK] 2010 Annual Input-Output Tables (May 31)

The extended 2010 Input-Output tables were compiled at current prices based on the benchmark 2005 Input-Output Tables and on extended 2009 Input-Output Tables. More

[BOK] Regional Economic Developments Update (May 30)

Regional economic activity appears to be recovering slowly. More

[BOK] Balance of Payments during April 2012 (May 30)

The current account registered a surplus of 1.78 billion dollars for April 2012. More

[BOK] Interest Rates: April 2012 (May 29)

n April 2012, the average interest rate on new deposits was 3.70%, down 2 basis point from 3.72% for March. More

[BOK] Business Survey Index (BSI) for May 2012 (May 29)

The business survey index (BSI) on business conditions in the manufacturing sector for May 2012 was 84, unchanged from the previous month, but that for the outlook for the following month fell by 4 points to 86. More

ANNOUNCEMENT ON UPCOMING RELEASES

[MOSF]

• - Current Economic Situation, June 2012
• - 20th Crisis Management Meeting
• - Ministerial Meeting on Prices
• - KDI Current Economic Situation, June 2012

[BOK]

• - Official Foreign Reserves (May 2012) (June 4)
• - Household Loans by Depository Corporations during April 2012 (June 7)
• - National Accounts 1Q 2012 (Preliminary) (June 7)
• - Monetary and Liquidity Aggregates Trend during April 2012 (June 8)
• - Financial Markets during May 2012 (June 8)
• - Current Economic Developments in Korea (June 8)
• - Monetary Policy Decision (June 8)

Each institution is reponsible for the information it provides in the bulletin.

For further inquiries

Ministry of Strategy and Finance

Kim, Young Min +822 2150 2450 +822 2150 2450 http://english.mosf.go.kr

Financial Services Commission

Kim, Mi Kyung +822 2156 9582 emkaykim@korea.kr http://english.mosf.go.kr

Bank of Korea

Kim, JH Samuel +822 759 4132 samuelkim@bok.or.kr http://english.mosf.go.kr