South Korea – NATURALDEPOSIT

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South Korea Unveils Ambitious Plan to Attract 20 Million Foreign Tourists in 2024

Prime Minister Han Deok-soo revealed an ambitious goal for South Korea, aiming to entice over 20 million foreign tourists in the coming year. This announcement was made during a pivotal government meeting held in Gwangju Province, situated in the southern region of the country, dedicated to promoting the tourism industry. Highlighting strategic initiatives to boost …

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South Korea Achieves Sixth Consecutive Monthly Current Account Surplus, Reaches Two-Year High

News

South Korea continues its streak of current account surpluses, marking the sixth consecutive month of surplus in October, as reported by the Bank of Korea (BOK). The country recorded a surplus of $6.80 billion, a notable increase from September’s figure of $5.42 billion. This achievement marks the highest monthly surplus observed since October 2021. Throughout …

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South Korea’s November Inflation Climbs to 3.3% on Agricultural Price Surge

News

The South Korean National Bureau of Statistics disclosed a sustained surge in the Consumer Price Index (CPI) for the fourth consecutive month, exceeding 3%, primarily driven by escalating agricultural prices, despite a decline in oil product prices. According to the report, the CPI index for November reached 112.74, marking a 3.3% increase compared to the …

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South Korea Reports 11.8% Surge in October’s Online Shopping, Fueled by Robust Demand

News

The South Korean Statistical Office has unveiled a significant upsurge in the nation’s online shopping volumes for October, marking an 11.8% increase primarily driven by heightened consumer demand across various sectors. Online shopping in South Korea soared to 20.09 trillion won (US$15.4 billion) in October, marking a substantial 11.8% surge compared to the same period …

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South Korea’s Exports Surge for Second Consecutive Month Driven by Robust Demand

News

South Korea’s Ministry of Trade, Industry, and Energy unveiled a remarkable upturn in November’s exports, recording a substantial 7.8% year-on-year increase, reaching $55.8 billion. This marks the second consecutive month of growth, propelled chiefly by soaring demand for semiconductors. Following a prolonged slump lasting 13 months, South Korean exports experienced a revitalization in October, which …

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South Korea Records Lowest Birth Rate in Three Years

News

The latest statistics released by South Korea’s Bureau of Statistics have unveiled a concerning trend in the country’s birth rate. September marked a significant downturn, recording the lowest number of births in the past three years. The data reveals a stark decline, with only 18,707 babies born in September, marking a staggering 14.6% decrease compared …

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South Korea’s Business Confidence Remains Subdued in November Amidst Weak Demand

News

The Bank of Korea (BOK) unveiled that South Korea’s business confidence lingered in a sluggish state throughout November, primarily due to weakened domestic consumption. According to the BOK, South Korea’s Business Sentiment Index (BSI) for all industries stagnated at 70 in November, signifying a persistent pessimistic outlook among businesses toward the economic landscape. An index …

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Goldman Sachs Bullish on South Korean Stocks, Forecasts Strongest 2024 Profits in Asia Pacific

News

Goldman Sachs has issued a bullish recommendation, advocating an increase in investment allocation towards South Korean stocks, projecting robust profits for the upcoming year and positioning the market as potentially the strongest performer in the Asia Pacific region. The financial giant asserts that South Korean stocks currently appear undervalued compared to other equity markets across …

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South Korean Consumer Confidence Sees 4-Month Consecutive Decline Amid Economic Concerns and High Interest Rates

News

The consumer confidence index in South Korea has recorded a consistent decline for the fourth consecutive month, as revealed by a recent survey conducted by the Bank of Korea (BOK). The decline, observed in November, is primarily attributed to growing apprehensions among consumers regarding the economic slowdown and persistently high interest rates. November’s consumer confidence …

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South Korea on Track for Record Food Exports in 2023 Amid Global Health Trend

News

The Ministry of Agriculture, Food, and Rural Affairs in South Korea unveiled a promising projection for the country’s food exports, anticipating a historic high by the year’s end. This surge is attributed to the worldwide shift towards healthier dietary preferences. Recent data released by the ministry on Saturday, November 18, showcases South Korea’s food exports, …

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