The benchmark rate is an interest rate that is used to determine the value of money or financial instruments to be paid or exchanged as a result of a financial transaction. It is used to determine the ...

Sejong, 31 July 2025 — From September to November 2024, the Ministry of Agriculture, Food and Rural Affairs (MAFRA) of the Republic of Korea (ROK) and the Korean Food Promotion Institute (KFPI) ...

The Ministry of Science and ICT (MSIT, Minister Bae Kyunghoon) announced that, at the plenary session of the Presidential Advisory Council on Science and Technology (PACST, chaired by the President) ...

The Ministry of Trade, Industry and Resources (MOTIR, Minister JK Kim) will host InterBattery 2026, Korea’s largest international battery exhibition, at COEX in Seoul from March 11 to 13, 2026. Now in ...

- First MSIT budget under the Lee Jae Myung administration totals KRW 23.7 trillion, up 12.9% from this year’s budget; R&D budget set at KRW 11.8 trillion, up 21.6% - Four investment priorities: ...

The Financial Services Commission announced that the Act on the Protection of Virtual Asset Users, which intends to establish a sound order in the virtual asset market and ensure protection for users, ...

Parasite, Oldboy, Squid Game, BTS, Blackpink. They may seem like isolated phenomena, but they are all examples of a cultural frenzy that has propelled South Korean pop entertainment to the center of ...

The highly anticipated grand event in the K-POP dance world is back again this summer holiday, and everyone’s eagerly waiting to see it! All you K-POP dancers out there — are you ready?!! Co-hosted by ...

An estimated 80 million people worldwide speak Korean, and many more are interested in learning it. As Korean is a language isolate, or a tongue with no known genealogical relations to another ...

The Korea Trade Commission (KTC) under the Ministry of Trade, Industry and Energy (MOTIE) held the Seoul International Forum on Trade Remedies 2025 (“Seoul Forum 2025”) today at COEX in Seoul. Now in ...

May 1, aka May Day or International Labor Day, celebrates the value of work around the world. Yet the occasion honors something else: the day when a massive landfill on the small island Nanjido in ...

President Lee Jae Myung on Sept. 23 said in a keynote speech to the United Nations General Assembly in New York, "The Republic of Korea (ROK) will end the Cold War on the Korean Peninsula through the ...