Bank of Korea : Weekly Economic Bulletin (January 18, 2021)

Weekly Economic Bulletin

Ministry of Economy & Finance - Financial Services Commission - Bank of Korea

January 15, 2021

MAJOR NEWS AND EVENTS

[MOEF] Current Economic Situation, January 2021 (January 15)

Manufacturing and services for November improved from the previous month, as well as facilities investment and construction investment. More

[MOEF] 26th Meeting of Central Economic Response Headquarters (January 13)

DPM Hong presided over the 26th Meeting of the Central Economic Response Headquarters and discussed plans to help employment recover in the first quarters. More

[MOEF] Current Employment Statistics, December 2020 (January 13)

The economically active population marked 27,661,000 in December 2020, and the number of employed persons totaled 25,526,000. More

[MOEF] 220th Meeting on International Economic Affairs (January 11)

DPM Hong presided over the 220th Ministerial Meeting on International Economic Affairs held on January 11 to

discuss goals in 2021 regarding international economic affairs including EDCF. More

[FSC] Additional Lending Support Available for Small Merchants from January 18 (January 14)

The FSC announced the availability of additional lending support for small merchants on January 14, including lower interest rates and guarantee fees for the second of phase COVID-19 financial support program and the newly launched lending support of up to KRW10 million for those hit by social gathering restrictions. More

[FSC] FSC Plans to Improve Corporate Disclosure Rules (January 14)

Vice Chairman Doh Kyu-sang held a meeting with industry officials and experts via teleconference on January 14 and discussed the government's plans to improve rules on corporate disclosure. More

[FSC] FSC Announces Revisions to Enforcement Decree as a Follow-up to Improve Rules on Short Selling (January 13)

The FSC announced revisions to the Enforcement Decree of the Financial Investment Services and Capital Markets Act (FSCMA) on January 13 as a follow-up measure to the government's effort to strengthen penalties on illegal stock short sale activities. More

[FSC] FSC to Ensure Continuing Financial Support for Small Merchants and SMEs (January 12)

Vice Chairman Doh Kyu-sang held the 32nd financial risk assessment meeting via teleconference on January 12 to review the progress of the COVID-19 financial support programs for small merchants and SMEs. More

[BOK] Monetary Policy Decision (January 15)

The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 0.50% for the intermeeting period. More

[BOK] Recent Economic Developments, January 2021 (January 15)

Korea's economy has continued to recover modestly. Exports have risen substantially and facilities investment has sustained its growth. More

[BOK] Export and Import Price Indexes, December 2020 (January 14)

The Export Price Index (KRW basis) decreased 0.1 percent from the previous month. More

[BOK] Monetary and Liquidity Aggregates, November 2020 (January 13)

Broad Money (M2, seasonally adjusted, period-average) increased by 0.9%. More

[MOEF]

• 3rd Meeting to Promote BIG 3 (January 21)

[BOK]

• Producer Price Index - December 2020 (January 21)