KDI 경제정보센터

Current Economic TrendsOverview Mining manufacturing and services rose in March while retail sales, facility investment and construction investment declined. Employment continued to increase in April and consumer prices rose at a faster pace. Industrial production rose 1.5 percent month-on-month in March as mining manufacturing (up 1.3%, m-o-m and up 3.7%, y-o-y) and services (up 1.5%, m-o-m and up 3.7%, y-o-y) increased. Retail sales (down 0.5%, m-o-m and up 2.3%, y-o-y), facility investment (down 2.9%, m-o-m and down 6.0%, y-o-y) and construction investment (down 0.3%, m-o-m and down 7.3%, y-o-y) all decre...

Second supplementary budget proposal of 2022The government has drawn up its second supplementary budget worth 59.4 trillion won this year, of which 36.4 trillion won is allocated to improve peoples livelihoods. - Compensate small business owners hit hard by the pandemic (26.3 trillion won) - Ensure proper pandemic control and support the gradual transition to the general healthcare system (6.1 trillion won) - Work to stabilize peoples livelihoods and to deal with challenges such as inflation and natural disasters (3.1 trillion won) - Increase the reserve funds to prepare for potential risks to the economy (1.0 trillion won) The ...

First Ministerial Meeting on Economic Affairs kicks offDeputy Prime Minister Choo Kyung-ho presided over the first Ministerial Meeting on Economic Affairs on May 15 since taking office to discuss the current economic situation and countermeasures to manage inflation and improve peoples livelihoods. DPM Choo mentioned in his remarks that the new administrations economic team is committed to making utmost efforts to focus on pending issues such as inflation and the economic impacts of the pandemic and to come up with effective policy actions.