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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

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%
Oct 03, 00:00
1 day
KRW National Foundation Day
None
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
Oct 09, 00:00
7 days
KRW Hangeul Proclamation Day
None
Oct 10, 23:00
9 days
KRW Current Account (Aug)
Low
$3.58B
Oct 12, 23:00
11 days
KRW Unemployment Rate (Sep)
Medium
2.4%
2.6%
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
Oct 19, 01:00
17 days
KRW Interest Rate Decision
Medium
3.5%
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
Oct 24, 21:00
23 days
KRW Consumer Confidence (Oct)
Medium
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
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
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

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