WEEKLY ECONOMIC BULLETIN

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news letterNews Letter

The weekly economic bulletin, which contains recent press releases and the schedule for upcoming
press releases, is published by the MOSF every week. To receive the weekly economic bulletin by email,
please submit a request to fppr@mosf.go.kr

Major News & Events

[MOSF]

191st Ministerial Meeting on International Economic Affairs (February 24)

Deputy Prime Minister Yoo Il Ho presided over the 191st Ministerial Meeting on International Economic Affairs on February 24, and discussed how the government will cope with the 6 global uncertainties that may influence the economy most, reviewed plans to support Korean companies’ participation in overseas plant construction projects and looked into ways to further develop the KSP (Knowledge Sharing Program), the country’s economic experience sharing program designed to help developing countries, which has been in operation since 2004.

[MOSF]

Ministerial Meeting on Domestic Demand (February 23)

The government unveiled measures to strengthen domestic demand and boost Korea's economic recovery momentum amid rising uncertainties at home and abroad.

[MOSF]

2016 External Debt (February 23)

Korea's external debt amounted to US $380.9 billion as of the end of December 2016, a decrease of US $15.1 billion from a year ago. The ratio of short-term debt to foreign exchange reserves remained stable at 28.3 percent and net foreign assets in debt instruments posted the record high of US $403.4 billion.

[MOSF]

12th Ministerial Meeting on Current Economic Issues (February 21)

Deputy Prime Minister Yoo Il Ho presided over the 12th Ministerial Meeting to Address Current Economic Issues. The meeting looked into the household debt situation and the 2016 household income distribution.

[BOK]

Trade Indices and Terms of Trade Indices, January 2017 (February 24)

The net barter terms of trade index decreased by 0.8% year-on-year in January 2017.

[BOK]

Consumer Survey Index, February 2017 (February 24)

The Composite Consumer Sentiment Index (CCSI) for February 2017 stood at 94.4, up by 1.1 points compared to January.

[BOK]

Recent Economic Developments, February 2017 (February 23)

The Korean economy is sustaining its trend of moderate growth, driven by improvements in exports and investment.

[BOK]

Monetary Policy Decision, February 2017 (February 23)

The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 1.25% for the intermeeting period.

[BOK]

International Investment Position, End of 2016 (February 22)

As of the end of 2016, Korea's net international investment position (net IIP) was $278.5 billion (preliminary), up $74.0 billion over the year (from the end of 2015).

[BOK]

Household Credits, Q4 2016 (February 21)

Total household credits outstanding increased by 47.7 trillion won in the fourth quarter of 2016 to stand at 1,344.3 trillion won as of end-December, with household loans totaling 1,271.6 trillion won and merchandise credits 72.7 trillion won.

[BOK]

Producer Price Index, January 2017 (February 20)

The Producer Price Index increased by 1.3% month-on-month and 3.7% year-on-year in January 2017.


Announcement On Upcoming Releases

MOSF

  • 11th Meeting on Trade and Investment Promotion (February 27)
  • Monthly Industrial Statistics, January 2017 (March 2)
  • Consumer Price Index, February 2017 (March 3)
  • 10th Ministerial Meeting on Restructuring (March 3)

BOK

  • Internet Banking Services, 2016 (February 27)
  • Interest Rates, January 2017 (February 27)
  • Business Survey Index (BSI) and Economic Sentiment Index (ESI), February 2017 (February 28)
  • Balance of Payments, January 2017 (March 3)
  • Proceedings of Financial Council Meeting, March 2017 (March 3)
  • Official Foreign Reserves, February 2017 (March 9)
Each institution is responsible for the information it provides in the bulletin.
Ministry of Strategy and Finance's MI

Weekly Economic Bulletin


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