KDI 경제정보센터

Overview Services improved from the previous month, but retail sales and manufacturing slowed, as well as facilities investment and completed construction works. Industrial production stayed flat from the previous month in October. Mining and manufacturing slowed (down 1.2%, m-o-m and down 2.2%, y-o-y) and services output (up 1.2%, m-o-m and down 2.5%, y-o-y) improved. Industrial production fell 2.7 percent year on year. Retail sales (down 0.9%, m-o-m and down 0.2%, y-o-y) declined, and so did facilities investment (down 3.3%, m-o-m and down 1.0%, y-o-y) and completed construction work...

Framework for the 2021 Policies The 2021 policies were drawn up with two focuses: Help regain growth momentum as fast as possible and take a leap forward to a future economy. Key policies are as follows. Help the economy regain growth momentum as fast as possible 1) Deal with coronavirus uncertainties 2) Help the economy turn around 3) Support the real economy, as well as local economies Help the economy take a leap forward to the future 4) Promote industrial innovation and develop future growth engines 5) Pursue sustainable development 6) Pursue inclusiveness and fairness * For furthe...

1. GDP fell 1.1% in Q3 2020 2. Korean FDI amounts to US $10.77 billion in Q3 2020 * For further details, please refer to the attached file

* For further details, please refer to the attached file