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|Economic Bulletin February 2013|
Economic Bulletin February 2013
The Green Book: Current Economic Trends
The Korean economy has seen inflation remain stable and major economic indicators including production, investment and exports somewhat improve, but employment growth has been slowing down and consumption has been sluggish.
In December, the economy added 277,000 jobs
year-on-year, but posted a slowdown in employment growth for the
third consecutive month.
Mining and manufacturing production went up
1.0 percent month-on-month in December thanks to a rise in
audio-visual communications equipment and semiconductors, while
service output improved by 0.1 percent with rebounding
transportation and financial & insurance services.
investment in December jumped 9.9 percent month-on-month due to
brisk machinery and transportation equipment investment.
Construction investment went up 5.8 percent helped by an
improvement in building construction.
January, both the stock prices and the won fell due to companies’
poor business performance in the fourth quarter and increased
foreign capital outflows.
Korean government will continue to watch the global and domestic
economy, strengthen the monitoring of domestic and foreign markets,
and reinforce policy responses to stimulate the economy.
Economic News Briefing :
- Korea Grows 0.4% in Q4
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