South Korea – NATURALDEPOSIT

South Korea’s CPI Slows for Fourth Consecutive Month, Indicating Inflation Past its Peak

According to the latest data released by South Korea’s National Statistical Office, the country’s Consumer Price Index (CPI) shows a continued slowdown in inflation for the fourth consecutive month, suggesting that inflationary pressures in South Korea have reached their peak. In May, the CPI rose by 3.3% on a year-on-year basis, indicating a deceleration from …

South Korea’s CPI Slows for Fourth Consecutive Month, Indicating Inflation Past its Peak Read More »

South Korea’s GDP Records 0.3% Growth in Q1 as Private Spending Rebounds

News

The Bank of Korea announced today that South Korea’s gross domestic product (GDP) for the first quarter of 2023 grew by 0.3% compared to the previous quarter. This figure remains unchanged from the preliminary estimate and indicates a steady recovery in the country’s economy, driven by an upturn in private spending. Notably, this marks the …

South Korea’s GDP Records 0.3% Growth in Q1 as Private Spending Rebounds Read More »

South Korea’s Online Shopping Surges 6% in April, Fueled by Strong Tourism Demand

News

South Korea’s online shopping sector witnessed significant growth in April, soaring by 6% compared to the previous year. This surge can be attributed to the robust demand for tourism and outdoor activities, spurred by the easing of COVID-19 restrictions. According to the statistical office of South Korea, online shopping transactions in April 2022 reached a …

South Korea’s Online Shopping Surges 6% in April, Fueled by Strong Tourism Demand Read More »

man in safety glasses welding a metal bar

South Korea’s Manufacturing PMI Contracts for the 11th Consecutive Month

News

South Korea’s manufacturing sector continues to face challenges as the Purchasing Managers’ Index (PMI) for May contracted for the 11th straight month, according to S&P Global. The seasonally adjusted PMI recorded a slight increase from April’s 48.1 to 48.4. The ongoing global economic slowdown has led to reduced production and orders, putting significant pressure on …

South Korea’s Manufacturing PMI Contracts for the 11th Consecutive Month Read More »

South Korea’s Exports Plunge 15.2% in May as Semiconductor Demand Slows

News

South Korea’s Ministry of Trade, Industry, and Energy has released data revealing a sharp decline in exports for the month of May. Exports fell by 15.2 percent year-on-year, amounting to $52.24 billion. This marks the eighth consecutive month of decline, primarily driven by weakening demand for semiconductors amid the global economic slowdown. One of South …

South Korea’s Exports Plunge 15.2% in May as Semiconductor Demand Slows Read More »

cars on street near buildings with signages

South Korea’s Industrial Production and Retail Sales Experience Slowdown in April

News

The Bureau of Statistics in South Korea has released data revealing a significant decline in the country’s industrial production and retail sales in the month of April. The drop in industrial production can be primarily attributed to the continued slowdown in chip manufacturing, while the manufacturing sector witnessed a record high in inventories. Industrial production …

South Korea’s Industrial Production and Retail Sales Experience Slowdown in April Read More »

South Korea’s Retail Sales Surge 4% in April as Demand Rebounds

News

South Korea’s Ministry of Trade, Industry, and Energy has reported a notable 4% year-on-year increase in retail sales for April. The surge in sales can be attributed to a growing number of people engaging in outdoor activities and the promotion of discount outlets. According to the ministry’s report, total sales at 25 major online and …

South Korea’s Retail Sales Surge 4% in April as Demand Rebounds Read More »

South Korea Aims to Expand Influence as Global Arms Dealer

News

South Korea is seizing the opportunity presented by a record-breaking $13.7 billion arms deal with Poland to establish itself as one of the world’s largest arms dealers. The collaboration between the defense industries of both countries is set to meet Europe’s future demand for weaponry, positioning South Korea as a military-industrial superpower. The South Korean …

South Korea Aims to Expand Influence as Global Arms Dealer Read More »

South Korea’s April Producer Price Index (PPI) Records Slowest Growth in 27 Months

News

The Bank of Korea (BOK) has reported that South Korea’s Producer Price Index (PPI), which reflects the prices of goods and services for local suppliers, registered a 1.6% increase in April compared to the same period last year. This growth rate represents a significant slowdown from March’s 3.3% rise and falls short of analysts’ expectations …

South Korea’s April Producer Price Index (PPI) Records Slowest Growth in 27 Months Read More »

South Korea Urges US to Review Chip Rules, Seeks Clarity on Investments

News

In a recent development, South Korea has sent a letter to the United States, urging a review of new rules pertaining to the subsidization of the semiconductor industry. The request stems from concerns over the potential impact of regulations that restrict chip investments in countries such as China. Back in March, the US Commerce Department …

South Korea Urges US to Review Chip Rules, Seeks Clarity on Investments Read More »