Ministry of Strategy and Finance

Government AdministrationGwacheon, South Korea

The Ministry of Strategy and Finance of the Republic of Korea was established in March 2008 when the Ministry of Finance and Economy and the Ministry of Planning and Budget were merged to ensure the nation's strong economic development and developing the engines of growth through concerted efforts of its bureaus and offices to ensure stable and sound macroeconomic management, effective policy coordination, efficient allocation of national resources, sound fiscal management, reform of public organizations, a rational and equitable tax system, and strong international economic cooperation. Our Mission: - Planning and establishing mid-to-long-term national development strategies - Formulating and coordinating economic and fiscal policies - Planning, executing and managing budgets and public funds and monitoring and reviewing expenditures - Developing and administering policies in regard to taxes, tariffs, the national treasury, government accounting, lottery, and public fund management - Overseeing public organizations, evaluating their performances, and promoting management innovation - Formulating and implementing policies for international finance and foreign exchange and strengthening international finance cooperation - Promoting economic cooperation with both developing and advanced countries and taking measures to facilitate FTAs in Korea

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