• Policy Issues

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  • Authorities to Designate Additional Data Handling Institutions to Meet Growing Demand The FSC announced its plan for designating additional data specializing institutions amid growing demand for data convergence and the need to promote data industry in both financial and non-financial sectors. The government made a decision to designate additional data specializing institutions at an inter-ministerial meeting held on July 28, 2021. Since then, an expert taskforce has been set up to review diverse issues concerning the designation process, requirements and standards. 2022.01.12
  • Economically Active Population Survey in December 2021 [ Economically active population and labor force participation rate ] ○ The economically active population marked 28.278 million persons in December, which grew 617 thousand persons or 2.2 year-on-year. ○ The labor force participation rate stood at 62.6 in December, up 1.0p year-on-year. 2022.01.12

• Publications

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  • Industrial Complexes to open their doors to more businesses The Korean government is lifting restrictions to the types of businesses that are authorized to enter industrial complexes, opening them to all businesses in principle. 2020.05.14
  • Korean government to promote medical supplies manufacturing industry Due to the COVID19 pandemic, the health and medical treatment industry is the center of interest to investors. Nations are under fierce competition to secure essential medical supplies such as masks or respirators. 2020.05.12

Recent Events

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  Meeting of SCCI leaders
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  Deputy Prime Minister-Heads of Economic Organizations Meeting
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  Audition for a project to make a better country