The Green Book: Current Economic Trends
Overview The Korean economy has seen domestic demand weaken as government measures aimed at boosting consumption expired, such as the individual consumption tax cut on cars, while exports improved due to recovering prices and volume as well as other temporary factors. The economy added fewer jobs in July than the previous month (up 354,000 up 298,000, y-o-y), despite improving job growth in the service sector, as job growth in the manufacturing sector fell sharply due to restructuring. Consumer price inflation rose at a slower rate in August compared with the previous month (up 0.7% up...