The Green Book: Current Economic Trends
Overview The Korean economy has seen employment continue to improve, but production and investment are faltering due to weak exports while inflation remains low amid low international oil prices. Job growth accelerated year-on-year in May from 216,000 in the previous month to 379,000 without bad weather negatively affecting employment. Consumer price inflation, despite public gas rate cuts and low petroleum product prices, edged up year-on-year in June due to drought, from 0.5 percent in the previous month to 0.7 percent, while core inflation, which excludes oil and agricultural produc...