South Korea GDP Growth Rate QoQ
In addition to having an export-oriented economy, South Korea is the world's top manufacturer of screens and memory semiconductors, as well as the world's second-largest manufacturer of ships. The services sector accounts for the greatest proportion of GDP (about 57% of GDP). Services with the highest importance are those related to public administration (6%), education (5.3%), information and communication (5%), and corporate activities (4.6%). South Korea's manufacturing industry is significant, and it has helped the country become a major exporter accounting for 32% of the country's GDP.
A higher than expected figure should be seen as positive (bullish) for the KRW while a lower than expected figure should be seen as negative (bearish) for the KRW.
News (KRW)
South Korea Producer Prices Add 0.1% In November
Producer prices in South Korea were up 0.1 percent on month in November, the Bank of Korea said on Friday - after easing 0.1 percent in October.
RTTNews | 2 days ago
South Korea October Current Account Surplus $9.78 Billion
South Korea posted a current account surplus of $9.78 billion in October, the Bank of Korea said in Friday's preliminary reading.
RTTNews | 16 days ago
South Korea GDP Adds 0.1% In Q3
South Korea's gross domestic product expanded a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said on Thursday - unchanged from Q2 but missing expectations for an increase of 0.5 percent.
RTTNews | 17 days ago
