South Korea GDP Growth Rate YoY
The economy of South Korea has grown to be one of the most varied and technologically advanced in the world over the previous 50 years, according to the World Bank. In most industrialized countries, services account for the greatest proportion of Gross Domestic Product (approximately 57% of GDP). Services with the highest importance are those related to public administration (6%), educational services (5.3%), information and communication (5%), and corporate activities (4.6% of GDP). South Korea's manufacturing industry is strong, and it has helped the country become a major exporter. It accounts for 32% of the country's GDP.
A higher than expected figure should be seen as positive (bullish) for the KRW while a lower than expected figure should be seen as negative (bearish) for the KRW.
News (KRW)
South Korea Q1 GDP Climbs 1.3%
South Korea's gross domestic product was up a seasonally adjusted 1.3 percent on quarter in the first three months of 2024, the Bank of Korea said on Thursday.
RTTNews | 4 days ago
South Korea GDP Jumps 1.3% In Q1
South Korea's gross domestic product expanded a seasonally adjusted 1.3 percent on quarter in the first three months of 2024, the Bank of Korea said on Thursday.
RTTNews | 4 days ago
South Korea Export Prices Rise 0.4% On Month, 2.6% On Year In March
Export prices in South Korea were up 0.4 percent on month, the Bank of Korea said in Tuesday's preliminary report - slowing from 1.6 percent in February.
RTTNews | 13 days ago
