Search result for SOUTH KOREA ECONOMY
S. KOREA’S DOMESTIC DEMAND SHOWS IMPROVEMENT IN APRIL
Highlights –
- S. Korea’s domestic demand shows improvement in April.
- The country’s exports saw an increase of 41.1% on-year in April.
- In April, sales at department stores rose 26.8 percent on-year.
- The county rep...
S. KOREA’S EMPLOYED PEOPLE REACHED 27.2 MILLION IN APRIL 2021
Highlights –
- S. Korea’s employed people reached 27.2 million in April 2021.
- The number of unemployed people came to 1.15 million in April.
- The jobless rate fell 0.2% point on-year to 4%.
- The number of temporary worker...
S. KOREA’S SOVEREIGN DEBT FALLS TO THE LOWEST LEVELTHIS WEEK
Highlights –
- S. Korea’s sovereign debt falls to the lowest level this week.
- The spread on credit default swaps (CDSs) for South Korea came in at 19 basis points.
- In 2020 the country's CDS premium rose to 57 basis points in l...
S. KOREA’S INDUSTRIAL OUTPUT INDEX ROSE TO 111.2 IN JAN-MARCH PERIOD
Highlights –
- S. Korea’s industrial output index rose to 111.2 in Jan-March period.
- The country's exports rose to 41.1 percent on-year in April.
- The index gauging output in the mining, manufacturing, gas, and electricity indu...
OECD SHOWS S. KOREA’S ODA TO HAVE FALLEN BY 8.7% IN 2020
Highlights –
- OECD shows S. Korea’s ODA to have fallen by 8.7% in 2020.
- S. Korea’s ODA for foreign countries dell to $2.25 billion in 2020 due to the pandemic.
- The country’s overall ranking among DAC members in terms ...
IMF RAISES ITS 2021 GROWTH OUTLOOK FOR SOUTH KOREA BY 3.6 PERCENT
Highlights –
- IMF raises its 2021 growth outlook for South Korea by 3.6 percent.
- IMF is said to have taken into account the impact of the country’s latest $13 billion extra budget.
- Exports of chips and cars is said to have been k...
S. KOREAN FIRST VICE FINANCE MINISTER WARNS OF GROWING INFLATION RISKS
Highlights –
- S. Korean First Vice Finance Minister warns of growing inflation risks.
- The risk has been directed towards rising oil prices.
- Prices of the farm, livestock, and fisheries products advanced 16.2 percent on-year in 2020.
S. KOREA’S CPI ROSE AT A FASTER PACE IN FEBRUARY BY 1.1 PERCENT
Highlights –
- S. Korea’s CPI rose at a faster pace in February by 1.1 percent.
- The CPI in comparison with a month earlier grew 0.5 percent in February.
- The country’s core inflation rose 0.3 percent in February.
- B...
S. KOREA HOUSEHOLD INCOME FALLS IN Q4 OF 2020 DUE TO PANDEMIC
Highlights –
- S. Korea household income falls in Q4 of 2020 due to pandemic.
- In the Oct-Dec period the average household earned $4,670 per month in 2020.
- In 2020, the wage income fell 0.5 percent and income from business operations by ...
S. KOREAN MANUFACTURERS’ DOMESTIC SUPPLY FALLS IN Q4 2020
Highlights –
- S. Korean manufacturers’ domestic supply falls in Q4 2020.
- In the October-December period, the manufacturing domestic supply index stood at 108.3.
- In Q4 2020, the index for consumer goods declined 1.2 percent on-yea...
S. KOREA REPORTS ITS GDP TO HAVE SHRUNK 1 PERCENT IN 2020
Highlights –
- S. Korea reports its GDP to have shrunk 1 percent in 2020.
- The country’s economy is said to have been the worst in 2020.
- The BOK last year had forecasted a 1.3 percent contraction in the economy.
- The coun...
BANK OF KOREA MAINTAINED ITS POLICY RATE OF 0.5 PERCENT
Highlights –
- Bank of Korea maintained its policy rate of 0.5 percent.
- Bank of Korea in November 2020 had frozen the key rate due to economic uncertainty.
- The monthly exports in 2020 advanced 12.6 percent on-year to reach $51.4 billion...
SOUTH KOREA REPORTS CPI IN DECEMBER GREW BY LESS THAN 1 PERCENT
Highlights –
- South Korea reports CPI in December grew by less than 1 percent.
- The country’s annual inflation rose by less than 1 percent.
- In December CPI rose by 0.5 percent on-year.
- The country’s core inflation...
BOK REPORTS S. KOREA’S CCSI FELL IN DECEMBER DOWN BY 8.1 POINTS
Highlights –
- BOK reports S. Korea’s CCSI fell in December down by 8.1 points.
- The CCSI is said to have fallen for the first time in 3 months in December.
- The BOK conducted the survey between Dec. 10-17; during the supposed start...
BOK DECIDED TO MAINTAIN THE ACCOMODATIVE MONETARY POLICY NEXT YEAR
Highlights –
- BOK decided to maintain the accommodative monetary policy next year.
- The central bank will closely watch the side-effects of monetary easing.
- It has been predicted that the country’s economy is likely to grow by 3% ...
BOK REPORTS THE COUNTRY’S FINANCIAL MARKET TO BE STABLE
Highlights –
- BOK reports the country’s financial market to be stable.
- BOK published its biennial report on financial stability to the National Assembly.
- South Korean household’s outstanding debt reached 1,682.2 trillion wo...
S. KOREAN GOVT. LIKELY TO PROVIDE RENTAL ASSITANCE TO SMALL-BUSINESS OWNERS
Highlights –
- S. Korean Govt. likely to provide rental assistance to small-business owners.
- The country is preparing $2.79 billion as funds for 3rd round of emergency cash handouts.
- The country currently provides tax credits on 50% of ...