Policy Issues

Number Subject Publisher Date
706 Government Holds Meeting on Household Debt and Introduces Measures to Strengthen Management   The Financial Services Commission held a meeting to discuss the current household debt situation with officials from the relevant government ministries and organizations on September 13 and announced a set of measures aimed at strengthening management of household debt growth. Financial Services Commission 2023.09.14
705 Economically Active Population Survey in August 2023   [Economically active population and labor force participation rate] ◦ The economically active population marked 29.251 million persons in August, which grew 227 thousand persons or 0.8 year-on-year. ◦ The labor force participation rate stood at 64.4 in August, up 0.3p year-on-year. Statistics Korea 2023.09.14
704 FSC Vice Chairman Visits Indonesia to Bolster Export Financing Support and Strengthen Financial Coop   Vice Chairman Kim So-young of the Financial Services Commission visited Indonesia on September 4-5 on his weeklong trip to Southeast Asian countries to boost financial cooperation and promote export of Korean financial infrastructure models. Financial Services Commission 2023.09.07
703 Consumer Price Index in August 2023   □ The Consumer Price Index was 112.33(2020=100) in August 2023. The index increased 1.0 percent from the preceding month and rose 3.4 percent from the same month of the previous year. Statistics Korea 2023.09.07
702 2023 Korea Fintech Week Begins   Korea’s annual global fintech expo, 2023 Korea Fintech Week, will be held for three days from August 30 to September 1 with domestic fintech firms, financial companies, relevant organizations and foreign governments and institutions joining at Dongdaemun Design Plaza (DDP) in Seoul. Financial Services Commission 2023.08.31
701 Employment Positions of Wage Workers in the First Quarter of 2023   ◈ In the first quarter of 2023, the number of employment positions of wage workers grew by 457 thousand compared to the first quarter of 2022. The year-on-year increase rate of employment positions in the first quarter of 2023 was lower compared to the fourth quarter of 2022. Statistics Korea 2023.08.31
700 2023 Korea Fintech Week to Kick Off August 30   The annual global fintech expo, 2023 Korea Fintech Week, will kick off on August 30 with domestic fintech firms, financial companies, relevant organizations and foreign governments and institutions joining at Dongdaemun Design Plaza (DDP) in Seoul. Financial Services Commission 2023.08.24
699 Government Approves Partial Revision Bill of the Enforcement Decree of the Banking Act   The Financial Services Commission announced that a partial revision bill of the Enforcement Decree of the Banking Act was approved by the government at a cabinet meeting held on August 14. This partial revision bill has been prepared to specify the details pertaining to the implementation of the revised Banking Act, which is scheduled to take effect from September 22. Financial Services Commission 2023.08.17
698 Household Loans, July 2023   The outstanding balance of household loans across all financial sectors rose KRW5.4 trillion in July 2023 (preliminary), going up for the fourth consecutive month. Compared to the same month last year, household loans dropped 0.8 percent. Financial Services Commission 2023.08.10
697 Economically Active Population Survey in July 2023   [Economically active population and labor force participation rate] ◦ The economically active population marked 29.493 million persons in July, which grew 182 thousand persons or 0.6 year-on-year. ◦ The labor force participation rate stood at 65.0 in July, up 0.2p year-on-year. Statistics Korea 2023.08.10