The Green Book: Current Economic Trends
Overview Although employment has stayed in a recovery track, the Korean economy has seen some real economic indicators hold back and inflation rise to the five percent range. Employment showed steady growth in July, adding 335,000 jobs, led by service industries, with the employment rate rising year-on-year to 60.0 percent from 59.8 percent, and the unemployment rate dropping to 3.3 percent from 3.7 percent. Consumer price inflation accelerated month-on-month from 4.7 percent to 5.3 percent in August, with rising agricultural product prices amid bad weather conditions and high durable ...