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

Jul 22, 05:00
4 days
KRW 5-Year KTB Auction
Low
3.2%
Jul 22, 21:00
5 days
KRW PPI MoM (Jun)
Low
0.1%
0.4%
Jul 22, 21:00
5 days
KRW PPI YoY (Jun)
Low
2.3%
2.8%
Jul 23, 05:00
5 days
KRW 20-Year KTB Auction
Low
3.22%
Jul 23, 21:00
6 days
KRW Consumer Confidence (Jul)
Medium
100.9
101
Jul 24, 21:00
7 days
KRW Business Confidence (Jul)
Medium
78
76
Jul 24, 23:00
7 days
KRW GDP Growth Rate QoQ (Q2)
Medium
1.3%
0.3%
Jul 24, 23:00
7 days
KRW GDP Growth Rate YoY (Q2)
Medium
3.3%
2.6%
Jul 30, 23:00
13 days
KRW Industrial Production MoM (Jun)
Low
-1.2%
0.6%
Jul 30, 23:00
13 days
KRW Retail Sales MoM (Jun)
Low
-0.2%
1%
Jul 30, 23:00
13 days
KRW Industrial Production YoY (Jun)
Low
3.5%
4.5%
Aug 01, 00:30
14 days
KRW S&P Global Manufacturing PMI (Jul)
Medium
Aug 01, 05:00
14 days
KRW 30-Year KTB Auction
Low
3.21%
Aug 01, 23:00
15 days
KRW Inflation Rate MoM (Jul)
Low
Aug 01, 23:00
15 days
KRW Inflation Rate YoY (Jul)
Medium
Aug 04, 21:00
18 days
KRW Foreign Exchange Reserves (Jul)
Low
Aug 06, 23:00
20 days
KRW Current Account (Jun)
Low
4.5
Aug 12, 21:00
26 days
KRW Import Prices YoY (Jul)
Low
Aug 12, 21:00
26 days
KRW Export Prices YoY (Jul)
Low
Aug 13, 23:00
27 days
KRW Unemployment Rate (Jul)
Medium
Aug 15, 00:00
28 days
KRW Independence Movement Day
None

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