Doing Business
in Korea

Summary and Assessment* ■ The Korean economy is experiencing a slight easing in export contraction, yet external uncertainties, such as economic instability in China, are intensifying. ● The slowdown in manufacturing production is gradually easing, largely fueled by the semiconductor sector, while services production continues on a modest growth path. - The decrease in semiconductor exports is decelerating, and other categories are also exhibiting signs of better export pe

Here’s a look at Korea’s major economic indicators that provide an overview of the country’s recent economic developments. Summary and Assessment* ■ The contraction in the Korean economy is gradually moderating. ● Services production continues on a modest upward trajectory, and the sluggishness in manufacturing production is showing signs of moderation, led by semiconductors. - The service industry continued a robust trend in employment, while the manufacturing industry wit

All Industries In May 2023, Korea's total industrial production increased by 1.3%. Led by the mining and manufacturing industries, the...