The Green Book: Current Economic Trends
Overview While the Korean economy has stayed on an upward track, prices have surged recently affected by unusual cold spells, the outbreak of foot-and- mouth disease, and rising oil prices. Both mining and manufacturing production, and service output accelerated an increase in January, boosted by the Lunar New Year holiday, while exports and domestic demand continued to improve. Consumer goods sales, despite rising consumer prices, jumped month-on-month in line with the release of new cars and the Lunar New Year holiday, with durable and non-durable goods sales leading the trend. Facil...