Economic Bulletin | KDI 경제정보센터

KDI 경제정보센터

Economic Information and Education Center

April 2023 Vol.45 No.4

Current Economic Trends

New Growth Strategy 4.0

Government to strengthen bilateral cooperation with Saudi Arabia

Korea and Vietnam to boost economic ties

DPM Choo has bilateral talks with GCF Executive Director

Korea’s economy grows 2.6% in 2022 (preliminary estimate)

Statistical Appendices

Economic Trends

Current Economic Trends

Industrial and services production as well as construction investment increased while facility investment and retail sales decreased in January 2023. Employment growth rose at a slower pace and CPI inflation slowed down slightly in February. All industry production increased 0.5 percent month-on-month in January 2023 as both industrial production (up 2.9% m-o-m and down 12.7% y-o-y) and services production (up 0.1% m-o-m and up 5.9% y-o-y) rose from the previous month. In January 2023, retail sales decreased 2.1 percent month-on-month (up 0.7% y-o-y) and facility investment fell 1.4 pe...

Policy Issue

New Growth Strategy 4.0

As weakening global growth continues to pose challenges to the Korean economy, it is crucial to ensure productivity growth through technological innovation and invest preemptively in future-oriented sectors, in a bid to invigorate the economy and achieve rapid and strong economic rebound in the future. To this end, the government announced the New Growth Strategy 4.0 last December. This plan covers 15 projects in future-oriented industries with an aim to become one of the worlds leading countries. For the next step, the government has been devising the 2023 implementation plans to put ...

News Briefing

Korea’s economy grows 2.6% in 2022 (preliminary estimate)

Koreas real gross domestic product (GDP) rose 2.6 percent last year, according to the preliminary estimate released by the Bank of Korea (BOK) on March 7. In the fourth quarter of 2022, the Korean economy fell 0.4 percent quarter-on-quarter and rose 1.3 percent year-on-year. On the production side, agriculture, forestry fisheries rose 1.2 percent quarter-on-quarter. Manufacturing fell 4.4 percent as chemical products, primary metals and computer, electronic optical products decreased. Construction rose 2.1 percent backed by civil engineering works. Services rose 0.9 percent as transpor...

Statistical Appendices(종간)