KDI 경제정보센터

Overview Manufacturing and service output continued to improve in July, completed construction works picking up. Retail sales and facilities investment went down. Industrial production rose 0.1 percent from the previous month in July. Mining and manufacturing improved (up 1.6%, m-o-m and down 2.5%, y-o-y), as well as service output (up 0.3%, m-o-m and down 1.3%, y-o-y). Industrial production fell 1.6 percent year on year. Retail sales (down 6.0%, m-o-m and up 0.5%, y-o-y) and facilities investment (down 2.2%, m-o-m and up 6.7%, y-o-y) dropped in July. Completed construction works (up 1...

2021 Budget Drawn up to Speed up Turnaround and Prepare for the Future The government proposed a 555.8 trillion won worth of budget for 2021 with its focus on speeding up economic recovery and supporting the Korean New Deal. Total expenditures will be increased by 43.5 trillion won, or 8.5 percent, compared with the 2020 original budget, or by 8.9 trillion won, or 1.6 percent from the final budget which includes three supplementary budgets. The 2020-2024 fiscal management plan has been drawn up to secure fiscal sustainability and continue to pursue innovation and inclusiveness. I. 2021...

01 Governments foreign bonds issued successfully in dollars and euros 02 Government releases long-term fiscal outlooks to 2060 03 National Assembly approves 4th extra budget 04 GDP falls 2.7% in Q2 2020 05 Korean FDI posts US $12.14 billion for Q2 2020 06 Korea to launch Korean New Deal Fund * For further details, please refer to the attached file

* For further details, please refer to the attached file