The Korean economy has been growing steadily backed by strong exports and consumption. However, investment and employment are slowing down, and uncertainties are increasing amid rising oil prices and trade conflicts between the US and China.The economy added 45,000 jobs year-on-year in September led by construction jobs. Manufacturing jobs and service jobs fell. Young adult unemployment declined (9.2% → 8.8%, down 0.4%p, y-o-y).Consumer prices rose faster in September (up 1.4% → up 1.9%, y-o-y, compared with a month ago) as agricultural product prices continued to be high amid heatwaves and as ...
The government announced its measures to promote investment and support the job market, which focus on 1) encouraging the private sector, 2) improving regulations to stimulate innovation, and 3) supporting the job market. The economy has been losing momentum as private sector investment and employment have been weak. External risks also linger as trade conflicts between the US and China are growing and major countries have begun monetary policy normalization. The measures have been drawn up to help the economy regain momentum. * For further details, please refer to the attached file.
- Inbound FDI up 41.4% in Jan-Sep period - Korea’s innovation-promoting policies begin to produce outcomes * For further details, please refer to the attached file.
* For further details, please refer to the attached file.