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

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 Korean economy appears to be navigating its economic trough, with a partial easing in the downturn of the manufacturing industry. ● The manufacturing industry shows signs of moderating contraction, as evidenced by a slower decrease in production and exports, notably in semiconductors.. - The downturn in semiconductor produc

■ Economic Activity :The slowdown in economic activity remained unabated, primarily driven by the manufacturing sector. A series of...

Summary and Assessment* ■ The Korean economy remains sluggish, with exports falling sharply, but the steep decline has been somewhat...

Economic Outlook provides an overview of the prospects for the Korean economy on a quarterly basis (in January, April, July, and October)...

Here’s a look at Korea’s major economic indicators that provide an overview of the country’s recent economic developments. January...

Here’s a look at Korea’s major economic indicators that provide an overview of the country’s recent economic developments ※ source:...

Economic Outlook provides an overview of the prospects for the Korean economy on a quarterly basis (in January, April, July, and October)...

Korea’s Major Economic Indicators from 2017 to 2021 ※ Source: International Monetary Fund (IMF), Bank of Korea (BOK), Korea International...

Here’s a look at Korea’s major economic indicators that provide an overview of the country’s recent economic developments. ※ Source: International Monetary Fund (IMF), Bank of Korea (BOK), Korea International Trade Association (KITA), Ministry of Trade, Industry and Energy (MOTIE) October Economic Trends The economy added 707,000 jobs year-on-year in September 2022 and the unemployment rate fell by 0.3 percentage points from a year ago to 2.4 percent. The growth of consumer p

Summary In light of changes in internal and external conditions, Korea’s real GDP is projected to grow by 2.6 percent in 2022 and 2.1...

Here’s a look at Korea’s major economic indicators that provide an overview of the country’s recent economic developments. ※ source :...

Economic Outlook is an overview the prospects for the Korean economy on a quarterly basis (in January, April, July, and October) based on...

South Korea attracted a record high foreign direct investment of USD 5.45 billion for the first three months this year, according to...

In 2021, Korea's annual exports reached an all-time high of USD 644.4 billion. Analysts say that Korea has responded timely to the...

FDI pledges to S. Korea up 41.3 percent through Sept. Foreign direct investment (FDI) pledges made to S. Korea jumped a whopping 41.3...

Korea, a Country with a Robust Economic Foundation The global economy is gradually escaping from the shock of COVID-19. In its Economic ...