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).
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
---|---|---|---|---|---|---|---|---|---|
Monday, Apr 29, 2024
|
|||||||||
Apr 29, 23:00
|
4 days
|
KRW | Industrial Production YoY (Mar) |
Low
|
4.8% |
5.2%
|
|||
Apr 29, 23:00
|
4 days
|
KRW | Retail Sales MoM (Mar) |
Low
|
-3.1% |
0.2%
|
|||
Apr 29, 23:00
|
4 days
|
KRW | Industrial Production MoM (Mar) |
Low
|
3.1% |
0.7%
|
|||
Wednesday, May 01, 2024
|
|||||||||
May 01, 00:00
|
5 days
|
KRW | Labor Day |
None
|
|||||
May 01, 00:00
|
5 days
|
KRW | Exports YoY (Apr) |
Medium
|
3.1% | ||||
May 01, 00:00
|
5 days
|
KRW | Imports YoY (Apr) |
Low
|
-12.3% | ||||
May 01, 00:00
|
5 days
|
KRW | Balance of Trade (Apr) |
Low
|
$4.28B |
$5B
|
|||
May 01, 23:00
|
6 days
|
KRW | Inflation Rate MoM (Apr) |
Low
|
0.1% |
0.3%
|
|||
May 01, 23:00
|
6 days
|
KRW | Inflation Rate YoY (Apr) |
Medium
|
3.1% |
3.3%
|
|||
Thursday, May 02, 2024
|
|||||||||
May 02, 00:30
|
6 days
|
KRW | S&P Global Manufacturing PMI (Apr) |
Medium
|
49.8 |
49.9
|
|||
Monday, May 06, 2024
|
|||||||||
May 06, 00:00
|
10 days
|
KRW | International Children's Day |
None
|
|||||
May 06, 21:00
|
11 days
|
KRW | Foreign Exchange Reserves (Apr) |
Low
|
$419.25B |
$415B
|
|||
Wednesday, May 08, 2024
|
|||||||||
May 08, 23:00
|
13 days
|
KRW | Current Account (Mar) |
Low
|
$6.86B |
$5.4B
|
|||
Monday, May 13, 2024
|
|||||||||
May 13, 21:00
|
18 days
|
KRW | Import Prices YoY (Apr) |
Low
|
|||||
May 13, 21:00
|
18 days
|
KRW | Export Prices YoY (Apr) |
Low
|
4.8
|
||||
Wednesday, May 15, 2024
|
|||||||||
May 15, 00:00
|
19 days
|
KRW | Buddha's Birthday |
None
|
|||||
Thursday, May 16, 2024
|
|||||||||
May 16, 23:00
|
21 days
|
KRW | Unemployment Rate (Apr) |
Medium
|
|||||
Monday, May 20, 2024
|
|||||||||
May 20, 21:00
|
25 days
|
KRW | Consumer Confidence (May) |
Medium
|
|||||
Tuesday, May 21, 2024
|
|||||||||
May 21, 21:00
|
26 days
|
KRW | PPI YoY (Apr) |
Low
|
|||||
May 21, 21:00
|
26 days
|
KRW | Business Confidence (May) |
Medium
|
|||||
May 21, 21:00
|
26 days
|
KRW | PPI MoM (Apr) |
Low
|
|||||
Thursday, May 23, 2024
|
|||||||||
May 23, 01:00
|
27 days
|
KRW | Interest Rate Decision |
Medium
|