Mining and manufacturing improved somewhat in June, along with facility investment. Consumption and services slowed down, as well as construction investment. Industrial production fell 0.7 percent from the previous month in June due to weak services (up 0.3% down 1.0%, m-o-m). Mining and manufacturing (down 1.3% up 0.2%, m-o-m) improved somewhat. Retail sales (up 0.9% down 1.6%, m-o-m) went down in June, facility investment (down 7.1% up 0.4%, m-o-m) climbed somewhat, and construction investment (down 0.9% down 0.4%, m-o-m) remained weak. Exports declined 11.0 percent year-on-year in J...
The 2019 supplementary budget was passed at the National Assembly on August 2, which had been drawn up to improve public safety and help boost the economy. A total of 856.8 billion won has been cut from the 6.7 trillion won supplementary budget proposal, 1,387.6 billion won having been cut and 530.8 billion won having been added. * For further details, please refer to the attached file.
01 Koreas external debt amounts to US $462.1 billion as of H1 2019 02 Korea attends 27th RCEP talks * For further details, please refer to the attached file.