The Green Book: Current Economic Trends
Overview The Korean economy has seen domestic demand improving, backed by increasing consumption, while employment growth has slowed and production remains weak. The economy added more jobs in May than the previous month (252,000261,000, y-o-y), led by the service sector. Consumer price inflation stayed flat in June compared with the previous month at 0.8 percent year-on-year, even though oil product prices declined at a slower pace, due to falling agricultural product prices. Mining and manufacturing production rose 2.5 percent month-on-month in May, after declining for two consecutiv...