[Economic Bulletin, May 2024]

MOEF has published the monthly periodical 'Economic Bulletin, May 2024,' which provides up-to-date information on Korea's current economic trends, policy issues, and various economic news.

Read more: english.moef.go.kr/pu/selectTbPub…

Monthly Industrial Statistics in Korea
| March, 2024

Learn more: english.moef.go.kr/pc/selectTbPre…

DPM Choi visited the Center for Future Auto and Mobility at Kookmin University, as well as a Job Plus Center on campus, to gather policy suggestions from young job seekers and faculty members, with the aim of developing pan-governmental measures to promote social mobility.

DPM Choi visited Sejong JangYeongSil High School, a vocational school designed to nurture talent that meets the industrial demands and support students to enter the workforce, to observe its practical training classes and listen to voices of students, parents, and school staff.

🇰🇷📈According to the Bank of Korea, Korea's real GDP grew 1.3 percent in the first quarter of 2024 compared to the previous quarter, marking the fastest pace in more than two years.
bok.or.kr/eng/bbs/E00006…

On April 23, 1st VM Kim Byoung-hwan visited Dalock, a self-storage company in Seoul, and SK On, secondary battery plants in Seosan, to examine the progress of corporate investments and ensure that policy tasks aimed at resolving investment obstacles were being pursued smoothly.

2nd VM Kim visited the temporary office of the Korea Aerospace Administration in Sacheon to check on the progress of its official launch slated for this May and had a meeting with relevant institutions to review the policies and directions for fostering the aerospace industry.

Deputy Prime Minister Choi Sang-mok attended the signing ceremony of a grant agreement for the #IMF 's Poverty Reduction and Growth Trust ( #PRGT ), totaling $55.96 million through 2027, with IMF Managing Director Kristalina Georgieva in Washington, D.C. on April 20.

Grateful to 🇰🇷 Deputy PM Sang Mok Choi for Korea's generous grant of $56 million in subsidies to the IMF’s fund serving the most vulnerable. A clear sign of Korea’s unwavering commitment to our shared goals and longstanding partnership in support of low-income countries.

🇰🇷🇺🇦 Deputy Prime Minister Choi Sang-mok signed a framework agreement with his Ukrainian counterpart, Sergii Marchenko, to establish the legal basis for providing $2.1 billion in mid to long-term financial aid for #Ukraine 's reconstruction and development under the EDCF.

DPM Choi met with World Bank Group President Ajay Banga on April 18 to discuss measures to enhance cooperation between Korea and the World Bank, and deliver a letter of intent for a $50 million contribution to the World Bank's Special Program for Ukraine and Moldova Recovery.

During #SpringMeetings , signed the Framework Agreement between the Governments of Ukraine and the Republic of Korea. It opens an opportunity for🇺🇦to receive loans of up to $2.1 bn for 2024-2029.

Also thanked DPM Choi MOEF - Korea for solidarity with Ukraine and personally…