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|Economic Bulletin November 2012|
Economic Bulletin November 2012
The Green Book: Current Economic Trends
The Korean economy has seen inflation and employment remain stable, but major indicators appear tepid due, in part, to temporary factors such as labor strikes and typhoons.
364,000 jobs were added on a yearly basis mainly in manufacturing
and service jobs, leading to a stable employment rate and jobless
manufacturing production slid 0.7 percent in August
month-on-month due to auto industry worker strikes while service
output was down 0.3 percent compared to the previous month due to
a decrease in wholesale & retail sales.
investment index in August fell 13.9 percent compared to the
previous month due to a decrease in machinery and transportation
equipment investment. Construction investment declined 6.6
percent month-on-month as both building construction and civil
engineering works decreased.
domestic financial markets somewhat stabilized with stock prices
going up and the won appreciating on the back of monetary easing
of major economies and sovereign credit ratings upgrades.
continued to decline, registering another 0.2 percent drop in
September after in August, in particular led by Seoul
metropolitan areas while month-on-month rental price increase
accelerated (0.1% -> 0.4%).
government will closely monitor the global and domestic economy,
while reinforcing policy responses to stimulate the economy.
Policy Issues :
- Korea Expands Economic Relations to Africa and Qatar
Economic News Briefing :
- Korea grows 0.2% in Q3
* For full text, please open the attached PDF file.