KDI 경제정보센터

Current Economic TrendsOverview Mining manufacturing and services fell in October, as well as facility and construction investment. Employment continued to improve in November, consumer price inflation speeding up. Industrial production fell 1.9 percent from the previous month in October as mining manufacturing (down 3.0%, m-o-m and up 4.5%, y-o-y) and services (down 0.3%, m-o-m and up 5.2%, y-o-y) slowed. Compared with a year ago, industrial production rose 4.8 percent. Retail sales (up 0.2%, m-o-m and up 7.4%, y-o-y) increased in October, and facility investment (down 5.4%, m-o-m and up 2.9%, y-o-y) went d...

2022 Economic PoliciesBackground of the 2022 policies The economy is expected to continue to recover amid improving consumption, expanded investment in new technologies and construction, and brisk exports. Housing construction and SOC investment will likely turn the building industry out of a retreat. Employment is expected to improve backed by the reopening of close-contact services and policies to boost job creation. Inflation pressures may last for a while amid rising demand, but conditions for fresh food and oil supply are projected to improve. However, we have to deal with major risks to the global eco...

Economic News Briefing1. GDP rose 4.0% in Q3 2021 2. 2022 budget of 607.7 trillion won passed 3. Korean FDI posts US $17.01 billion in Q3 2021 4. Korea and Singapore conclude negotiations on bilateral digital trade * For further details, please refer to the attached file