December 2023 Vol.45 No.12
In September, industrial and services production, retail sales, facility investment and construction investment rose. In October, job growth was even stronger while inflation speeded up. In September, all industry production grew 1.1 percent month-on-month (up 2.8% y-o-y) as industrial production (up 1.8% m-o-m and up 3.0% y-o-y) and services production (up 0.4% m-o-m and up 2.2% y-o-y) climbed from a month earlier. In September, retail sales (up 0.2% m-o-m and down 1.9% y-o-y), facility investment (up 8.7% m-o-m and down 5.7% y-o-y) and construction investment (up 2.5% m-o-m and up 14...
On November 10, Korea participated in a joint statement with 48countries and other jurisdictions, including France, Germany, Japan,the UK, and the US, to promote implementing the Crypto-AssetReporting Framework (CARF). The joint statement aims for the widespread implementation of the CARF to secure its effectiveness. It acknowledges the endeavors and determination of the participating countriesto execute the framework, including domestic legal adjustments and activation of agreementsby 2027, which is when the OECD aims to commence the automatic exchange of information. Italso intends t...