Statistics Korea released their report on the "Economically Active Population Survey" on March 15, 2017. The economically active population marked 27,138,000 in February 2017, and the number of employed persons totaled 25,788,000.
Deputy Prime Minister Yoo Il Ho presided over the 13th Ministerial Meeting to Address Current Economic Issues. At the meeting, Fed's impending rate hike and its possible impact on financial markets were main topics of discussion.
Prior to the 5-year anniversary of the Korea-US FTA on March 15 this year, Vice Minister Choi Sang-mok visited the headquarter of SK Gas in Pangyo on March 14, and held talks with business leaders on the need to establish a balanced trade relationship with the US and the benefits of the bilateral trade agreement.
Deputy Prime Minister Yoo Il Ho presided over a ministerial meeting after the Constitutional Court impeachment decision, and discussed how to best deal with concerns in the market over an aftermath of the decision.
FSC Chairman Yim Jong-yong convened an emergency meeting on March 12 with top officials from the Financial Supervisory Service (FSS) and other relevant financial institutions to monitor market effects and discuss policy responses after the Constitutional Court's decision last Friday to uphold the parliamentary vote to impeach the president.
The Bank of Korea decided to issue a commemorative banknote in the fourth quarter of 2017 in order to promote the Olympic Winter Games PyeongChang 2018 at home and abroad, and to support the successful hosting of the Games.
The Export Price Index (won basis) decreased 1.6 percent from the previous month. The Import Price Index (won basis) decreased 2.2 percent from the previous month.