South Korea Economic Calendar
Economy of South Korea
South Korea has gone through one of the most significant economic revolutions in the last 60 years. Given its small geographical area, scarcity of natural resources, and population number, it is a highly developed mixed economy. During the global financial crisis, it was one of the few developed nations that avoided a recession.
Today it is the tenth-largest economy in the world and the fourth largest in Asia.
The service sector is the largest and fastest growing economic sector, followed by industry, which includes textile, steel, automobile manufacture, shipbuilding, and electronics.
Moreover, during the last several years, the country has seen both a surge in high technology and economic expansion as a result of the significant investment made in the educational system.
South Korea is well known for its plutocracy (chaebol) structure, a business conglomerate system that builds global multinational corporations with massive international operations that are owned and/or administered by the same family dynasty.
Bank of South Korea
The Korean Republic Won is South Korea's official currency and is issued by the central bank, the Bank of Korea (BOK), which is also responsible for pursuing price stability and implementing it through adjustments to its reference interest rate, the Base Rate.
Interest Rate of South Korea
The Bank of Korea Base Rate is the official Interest Rate in Korea which is determined by the Monetary Policy Committee of the Bank of Korea (BOK).
South Korea Economic Calendar
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
---|---|---|---|---|---|---|---|---|---|
Sunday, Oct 01, 2023
|
|||||||||
Oct 01, 00:00
|
|
KRW | Exports YoY (Sep) |
Medium
|
-8.3% |
-9.1%
|
-4.4% | ||
Oct 01, 00:00
|
|
KRW | Imports YoY (Sep) |
Low
|
-22.8% |
-17.6%
|
-16.5% | ||
Oct 01, 00:00
|
|
KRW | Balance of Trade (Sep) |
Low
|
$0.88B |
$1.75B
|
$3.7B | ||
Oct 01, 23:00
|
7h 29min
|
KRW | Industrial Production YoY (Aug) |
Low
|
-8% |
-6.2%
|
|||
Oct 01, 23:00
|
7h 29min
|
KRW | Industrial Production MoM (Aug) |
Low
|
-2% |
-0.2%
|
|||
Oct 01, 23:00
|
7h 29min
|
KRW | Retail Sales MoM (Aug) |
Low
|
-3.2% |
0.3%
|
|||
Tuesday, Oct 03, 2023
|
|||||||||
Oct 03, 00:00
|
1 day
|
KRW | National Foundation Day |
None
|
|||||
Wednesday, Oct 04, 2023
|
|||||||||
Oct 04, 00:30
|
2 days
|
KRW | S&P Global Manufacturing PMI (Sep) |
Medium
|
48.9 |
49
|
|||
Oct 04, 21:00
|
3 days
|
KRW | Foreign Exchange Reserves (Sep) |
Low
|
$418.3B |
$445B
|
|||
Oct 04, 23:00
|
3 days
|
KRW | Inflation Rate MoM (Sep) |
Low
|
1% |
0.3%
|
|||
Oct 04, 23:00
|
3 days
|
KRW | Inflation Rate YoY (Sep) |
Medium
|
3.4% |
3.4%
|
|||
Oct 04, 23:00
|
3 days
|
KRW | CPI (Sep) |
Low
|
112.3 |
112.7
|
|||
Monday, Oct 09, 2023
|
|||||||||
Oct 09, 00:00
|
7 days
|
KRW | Hangeul Proclamation Day |
None
|
|||||
Tuesday, Oct 10, 2023
|
|||||||||
Oct 10, 23:00
|
9 days
|
KRW | Current Account (Aug) |
Low
|
$3.58B | ||||
Thursday, Oct 12, 2023
|
|||||||||
Oct 12, 23:00
|
11 days
|
KRW | Unemployment Rate (Sep) |
Medium
|
2.4% |
2.6%
|
|||
Monday, Oct 16, 2023
|
|||||||||
Oct 16, 21:00
|
15 days
|
KRW | Export Prices YoY (Sep) |
Low
|
-0.2
|
||||
Oct 16, 21:00
|
15 days
|
KRW | Import Prices YoY (Sep) |
Low
|
-2
|
||||
Thursday, Oct 19, 2023
|
|||||||||
Oct 19, 01:00
|
17 days
|
KRW | Interest Rate Decision |
Medium
|
3.5% | ||||
Monday, Oct 23, 2023
|
|||||||||
Oct 23, 21:00
|
22 days
|
KRW | PPI MoM (Sep) |
Low
|
0.2
|
||||
Oct 23, 21:00
|
22 days
|
KRW | PPI YoY (Sep) |
Low
|
0.5
|
||||
Tuesday, Oct 24, 2023
|
|||||||||
Oct 24, 21:00
|
23 days
|
KRW | Consumer Confidence (Oct) |
Medium
|
|||||
Wednesday, Oct 25, 2023
|
|||||||||
Oct 25, 21:00
|
24 days
|
KRW | Business Confidence (Oct) |
Medium
|
|||||
Oct 25, 23:00
|
24 days
|
KRW | GDP Growth Rate YoY (Q3) |
Medium
|
1.6
|
||||
Oct 25, 23:00
|
24 days
|
KRW | GDP Growth Rate QoQ (Q3) |
Medium
|
0.6
|
||||
Monday, Oct 30, 2023
|
|||||||||
Oct 30, 23:00
|
29 days
|
KRW | Industrial Production YoY (Sep) |
Low
|
3.5
|
||||
Oct 30, 23:00
|
29 days
|
KRW | Industrial Production MoM (Sep) |
Low
|
1.5
|
||||
Oct 30, 23:00
|
29 days
|
KRW | Retail Sales MoM (Sep) |
Low
|
1
|
||||
Wednesday, Nov 01, 2023
|
|||||||||
Nov 01, 00:00
|
30 days
|
KRW | Imports YoY (Oct) |
Low
|
|||||
Nov 01, 00:00
|
30 days
|
KRW | Exports YoY (Oct) |
Medium
|
|||||
Nov 01, 00:00
|
30 days
|
KRW | Balance of Trade (Oct) |
Low
|
|||||
Nov 01, 00:30
|
30 days
|
KRW | S&P Global Manufacturing PMI (Oct) |
Medium
|
|||||
Nov 01, 23:00
|
31 days
|
KRW | Inflation Rate MoM (Oct) |
Low
|
|||||
Nov 01, 23:00
|
31 days
|
KRW | Inflation Rate YoY (Oct) |
Medium
|
|||||
Nov 01, 23:00
|
31 days
|
KRW | CPI (Oct) |
Low
|