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Thursday December 01 2016
South Korea Trade Surplus Narrows in November  
South Korea's trade surplus fell to USD 7.99 billion in November 2016 from USD 10.24 billion the same month a year earlier, preliminary data showed. Exports increased by 2.7 percent, as shipments to China grew for the first time in 17 months, while imports advanced at a faster 10.1 percent.
Wednesday November 30 2016
South Korea Inflation Rate Steady At Highest Since February  
South Korea's consumer prices increased by 1.3 percent year-on-year in November 2016, the same as in October but below market expectations of a 1.5 percent growth. The inflation rate remained the highest since February this year, as cost of housing and utilities rebounded and prices of health advanced further, while cost of food, and restaurants and hotels rose at a slower pace.
Friday November 11 2016
South Korea Leaves Monetary Policy Unchanged  
The Bank of Korea left its base rate steady for the fifth straight month at record low of 1.25 percent at its November meeting, as expected. While forecasting consumer prices in the economy will gradually rise, mainly due to the weakening influence of the low oil prices, policymakers said they will closely monitor the uncertainties in domestic and external conditions, any changes in the monetary policy of the US Federal Reserve, and the trend of increase in household debt.
Wednesday November 09 2016
South Korea Unemployment Rate Falls to 3-Month Low  
South Korea seasonally adjusted unemployment rate decreased to 3.7 percent in October of 2016 from 4 percent in the preceding and better than market expectation of 4 percent. It was the lowest reading since July.
Tuesday November 01 2016
South Korea Trade Surplus Widens in October  
South Korea's trade surplus rose to USD 7.19 billion in October 2016 from USD 6.59 billion a year earlier, preliminary data showed. Exports declined by 3.2 percent from the previous year to USD 41.96 billion while imports decreased by 5.4 percent to USD 34.78 billion.
Monday October 31 2016
South Korea Inflation Rate Up to 8-Month High  
South Korea's consumer prices increased by 1.3 percent year-on-year in October 2016, following a 1.2 percent growth in September and above market expectations of a 1.2 percent gain. It was the highest inflation rate since February this year, as cost of education rose further while prices of housing and transporation fell at a slower pace. On a monthly basis, consumer prices rose 0.1 percent, easing from a 0.6 percent growth in September but staying above expectations of 0.1 percent drop.
Monday October 24 2016
South Korea Economy Grows 2.7% YoY in Q3  
South Korea's economy expanded 2.7 percent year-on-year in the third quarter of 2016, lower than a 3.3 percent expansion in the previous period, but above market expectations consensus of 2.6 percent. Private consumption slowed, while investment and government spending expanded at a faster pace, preliminary figures showed.
Tuesday October 25 2016
South Korea Q3 GDP Growth Slows to 0.7% QoQ  
The South Korean economy expanded a seasonally adjusted 0.7 percent on quarter in the three months to September 2016, easing slightly from a 0.8 percent growth in the previous period, but beating market expectations of 0.6 percent expansion. Private spending and investment rose at a slower pace, while government spending advanced further, preliminary figures showed.
Thursday October 13 2016
Bank of Korea Holds Base Rate Steady for 4th Month  
South Korean Monetary Policy Committee left its base rate steady for the fourth straight month at record low of 1.25 percent at its October meeting, as expected. While forecasting consumer prices will gradually rise, due to the disappearance of the effect of the temporary cut in electricity fees and to the rebound in oil prices, policymakers said the economy will sustain its trend of modest growth going forward.
Wednesday October 12 2016
South Korea Jobless Rate Rises to 7-Month High  
South Korea seasonally adjusted unemployment rate increased to 4 percent in September of 2016 from 3.8 percent in August and worse than consensus of 3.8 percent. It was the highest reading since February.
Tuesday October 04 2016
South Korea Inflation Rate at 7-Month High of 1.2% in September  
Consumer prices in South Korea went up 1.2 percent year-on-year in September of 2016, compared to a 0.4 percent rise in August and above market expectations of a 0.8 percent increase. The inflation reached the highest level since February, led by a surge in food prices. On a monthly basis, prices jumped 0.6 percent.
Saturday October 01 2016
South Korea Trade Surplus Narrows in September  
South Korea recorded a USD 7.10 billion trade surplus in September of 2016, compared to a USD 8.89 billion surplus a year earlier, as exports fell more than imports, preliminary data showed.
Monday September 12 2016
South Korea Unemployment Rate at 5-Month High of 3.8%  
South Korea seasonally adjusted jobless rate rose to 3.8 percent in August of 2016 from 3.6 percent in the previous two months. It is the highest jobless reading since March.
Friday September 09 2016
Bank of Korea Holds Base Rate Steady for 3rd Month  
South Korean Monetary Policy Committee decided to leave its base rate steady for the third straight month at record low of 1.25 percent at its September meeting, as widely expected. While forecasting that consumer prices will remain at a low level for the time being, policymakers said they will closely monitor the trend of increase in household debt and potential changes in the monetary policies of major countries.
Friday September 02 2016
South Korea Annual GDP Growth at Nearly 2-Year High  
The South Korean economy advanced 3.3 percent year-on-year in the three months to June of 2016, better than a 2.8 percent expansion in the previous period and preliminary estimates of a 3.2 percent increase. It is the highest growth rate since third quarter of 2014, as manufacturing, construction and services expanded at a faster pace, final figures showed.
Friday September 02 2016
South Korea GDP Growth Revised Up to 0.8% QoQ  
The South Korean economy advanced 0.8 percent on quarter in the three months to June of 2016, higher than a 0.5 increase in the previous period and better than a 0.7 percent growth in the preliminary estimate. It is the highest growth rate in three quarters as private spending, investment and exports rose more than initially estimated, final figures showed.
Thursday September 01 2016
South Korea Trade Surplus Widens in August  
South Korea recorded a USD 5.30 billion trade surplus in August of 2016, compared to a USD 4.34 billion surplus a year earlier, as exports rose more than imports, preliminary data showed.
Thursday September 01 2016
South Korea Inflation Rate at 16-Month Low of 0.4%  
Consumer prices in South Korea went up 0.4 percent year-on-year in August of 2016, slowing from a 0.7 percent rise in July and below market expectations of a 0.8 percent increase. The inflation slowed for the second consecutive month, reaching the lowest since April of 2015, due to a temporary cut in electricity tariffs.
Thursday August 11 2016
Bank of Korea Holds Base Rate Steady at 1.25% in August  
South Korean Monetary Policy Committee left its base rate on hold at record low of 1.25 percent at its August meeting, as widely expected, saying it will conduct monetary policy so as to ensure that the recovery of economic growth continues and consumer price inflation approaches the target level over a medium-term horizon, while paying attention to financial stability. Policymakers forecast that the domestic economy will sustain its trend of modest growth going forward and that inflation will remain at a low level for the time being.
Wednesday August 10 2016
South Korea Jobless Rate Steady at 3.6%  
South Korea seasonally adjusted unemployment rate stood at 3.6 percent in July of 2016, unchanged from the previous month but slightly lower than 3.7 percent a year earlier.
Tuesday August 02 2016
South Korea Inflation Rate at 10-Month Low in July  
Consumer prices in South Korea rose 0.7 percent year-on-year in July of 2016, following 0.8 percent growth in the previous month and below market expectations of 0.8 percent. It was the lowest reading since September of 2015, as prices of food and transport declined while cost of housing and utilities rose at a faster pace. Core inflation was recorded at 1.6 percent, down from 1.7 percent in the previous month. On a monthly basis, consumer prices edged up 0.1 percent after remaining unchanged in a month earlier.
Monday August 01 2016
South Korea Trade Surplus Widens in July  
South Korea recorded a USD7.80 billion trade surplus in July of 2016, compared to a USD7.05 billion surplus a year earlier, as imports dropped more than exports, preliminary data showed.
Tuesday July 26 2016
South Korea Annual GDP Growth Beats Expectations in Q2  
The South Korean economy expanded 3.2 percent year-on-year in the three months to June of 2016, higher than a 2.8 percent expansion in the first three months of the year. Figures beat market expectations of a 2.9 percent growth, reaching the highest in six quarters, preliminary figures showed.
Tuesday July 26 2016
South Korea GDP Growth Up to 0.7% in Q2  
The South Korean economy expanded a seasonally adjusted 0.7 percent on quarter in the three months to June of 2016, accelerating slightly from a 0.5 percent growth in the previous period and in line with market expectations. A recovery in private spending and exports and rising investment led the expansion, preliminary figures showed.
Thursday July 14 2016
Bank of Korea Holds Base Rate Steady at 1.25%  
South Korean Monetary Policy Committee decided to leave the base rate steady at record low of 1.25 percent at its July, 14th meeting, as expected. While weighing the effects of a surprise rate cut in June as well as the impact of Brexit vote, policymakers judged the uncertainties surrounding the growth path to be high.
Wednesday July 13 2016
South Korea Jobless Rate Falls to 5-Month Low  
South Korea seasonally adjusted unemployment rate stood at 3.6 percent in June of 2016, down slightly from 3.7 percent in May and better than market expectations. It was the lowest jobless rate since January.
Friday July 01 2016
South Korea Inflation Rate Steady at 0.8% YoY in June  
Consumer prices in South Korea rose 0.8 percent year-on-year in June of 2016, the same pace as in May and matching market expectations. While prices of food and transport declined, cost of housing and utilities were stable.
Friday July 01 2016
South Korea Trade Surplus Hits Record High in June  
South Korea recorded a USD11.60 billion trade surplus in June of 2016, compared to a USD9.98 billion surplus a year earlier. It was the largest trade surplus on record as imports dropped more than exports, preliminary data showed.
Wednesday June 15 2016
South Korea Jobless Rate Steady at 3.7% in May  
South Korea seasonally adjusted unemployment rate stood at 3.7 percent in May of 2016, unchanged from the April figure but slightly lower than 3.8 percent a year earlier.
Thursday June 09 2016
Bank of Korea Cuts Base Rate to Fresh Record Low of 1.25%  
South Korean Monetary Policy Committee unexpectedly decided to cut the base rate by 25 basis points to a fresh record low of 1.25 percent during the meeting held on June 9th. It was the first rate adjustment since June 2015 as policymakers judged domestic demand activities have weakened amid persistent decline of exports.
Thursday June 02 2016
South Korea Economy Expands 0.5% QoQ in Q1  
The South Korean economy advanced 0.5 percent quarter-on-quarter in the March quarter of 2016, faster than an earlier projection of a 0.4 percent expansion in an earlier estimate, preliminary estimates showed. It is the weakest growth since the third quarter of 2015 as private consumption, facilities investment and exports contracted.
Thursday June 02 2016
South Korea GDP Growth Revised Up in Q1  
The South Korean GDP expanded 2.8 percent year-on-year in the first quarter of 2016, faster than an earlier projection of a 2.7 percent growth, preliminary estimate showed. While government expenditure grew at a faster pace, private consumption and exports slowed while facilities investment declined.
Wednesday June 01 2016
South Korea Trade Surplus Widens in May  
South Korea recorded a USD7.10 billion trade surplus in May of 2016, compared to a USD6.30 billion surplus a year earlier, as imports dropped more than exports, preliminary data showed.
Wednesday June 01 2016
South Korea Inflation Rate at 4-Month Low In May  
Consumer prices in South Korea increased 0.8 percent year-on-year in May of 2016, compared to 1.0 rise in the previous month and below market expectations of 0.9 percent. It is the lowest reading since January, as prices of food rose at a slower pace while cost of housing and utilities edged up. Core inflation was recorded at 1.6 percent, down from 1.8 percent in the previous month. On a monthly basis, consumer prices were flat.
Friday May 13 2016
Bank of Korea Holds Base Rate Steady for 11th Month  
South Korean Monetary Policy Committee decided to leave the base rate steady for the 11th straight month at record low of 1.5 percent at its May, 13th meeting, as expected. While forecasting the economy to continue its modest recovery, policymakers viewed consumer prices will continue at a low level, under the influence of low oil prices .
Wednesday May 11 2016
South Korea Jobless Rate Lowest in 3 Months  
South Korea seasonally adjusted unemployment rate stood at 3.7 percent in April of 2016, down slightly from 3.8 percent in March and reaching the lowest level since February.
Tuesday May 03 2016
South Korea Inflation Rate Steady at 1% in April  
Consumer prices in South Korea rose 1.0 percent year-on-year in April of 2016, the same pace as in March and matching market expectations. Prices of food rose at a faster pace while cost of housing & utilities and transport fell further.
Sunday May 01 2016
South Korea Trade Surplus Widens Slightly in April  
South Korea recorded a USD8.80 billion trade surplus in April of 2016, compared to a USD8.45 billion surplus a year earlier, as imports dropped more than exports, preliminary dt showed.
Tuesday April 26 2016
South Korean GDP Growth Weakest Since Q3 2015  
The South Korean GDP expanded 2.7 percent year-on-year in the first quarter of 2016, slowing from a 3.1 percent growth reported in the previous three months, preliminary estimates showed. It is the weakest expansion since the third quarter of 2015 as private consumption and exports slowed while facilities investment declined.
Tuesday April 26 2016
South Korean GDP Slows to 0.4% QoQ in Q1  
The South Korean economy advanced 0.4 percent quarter-on-quarter in the March quarter of 2016, slowing from a 0.7 percent growth in the previous period, preliminary estimates showed. It is the weakest growth since the third quarter of 2015 as private consumption, facilities investment and exports contracted.
Tuesday April 19 2016
Bank of Korea Holds Base Rate Steady for 10th Month  
South Korean Monetary Policy Committee decided to leave the base rate steady for the 10th straight month at record low of 1.5 percent at its April, 19th meeting, as expected. While highlighting the persistent decline in exports, policymakers viewed domestic consumption is somewhat improving. Going forward, the economy is expected to show a trend of modest recovery.
Friday April 15 2016
South Korea Jobless Rate Down to 3.8% in March  
South Korea seasonally adjusted unemployment rate fell to 3.8 percent in March of 2016 from 4.1 percent in February and beating market expectations of 4.0 percent.
Friday April 01 2016
South Korea Trade Surplus Widens in March  
South Korea recorded a USD9.80 billion trade surplus in March of 2016, as compared to a USD8.38 billion surplus a year earlier, as imports dropped more than exports.
Friday April 01 2016
South Korea Inflation Rate Eases in March  
Consumer prices in South Korea rose 1.0 percent year-on-year in March of 2016, slowing from a 1.3 percent rise in the preceding month and below market expectations of 1.3 percent. Cost of housing & utilities and transport declined further while prices of food eased.
Thursday March 24 2016
South Korean GDP Growth Highest Since Q3 2014  
The South Korean economy advanced 3.1 percent year-on-year in the last quarter of 2015, following an upwardly revised 2.8 percent expansion in the previous period and beating a flash estimate of 3 percent growth. It was the highest expansion since the third quarter of 2014, mainly due to increases in private and government consumption. For the whole of 2015, South Korea's GDP rose 2.6 percent compared to a gain of 3.3 percent in 2014.
Thursday March 24 2016
South Korean Q4 GDP Growth Revised Up to 0.7%  
The South Korean economy advanced 0.7 percent on the quarter in the three months to December of 2015, slowing from a downwardly revised 1.2 percent growth in the previous period but higher than a preliminary estimate of 0.6 percent expansion. Private consumption was the main driver of growth while government expenditure increased at a slower place and fixed investment contracted, final figures showed.
Wednesday March 16 2016
South Korea Jobless Rate at 6-Year High  
South Korea seasonally adjusted unexpectedly rose to 4.1 percent in February of 2016 from 3.5 percent in January and missing market expectations of 3.8 percent. It is the highest jobless rate since February 2010.
Thursday March 10 2016
Bank of Korea Keeps Base Rate Steady for 9th Month  
South Korean Monetary Policy Committee decided to leave the base rate steady for the 9th straight month at record low of 1.5 percent at its March, 10th meeting, as expected. While highlighting the persistent decline in exports, policymakers viewed the economy will continue its recovery going forward, centering around domestic demand activities,
Wednesday March 02 2016
South Korea Inflation Rate Above Estimates in February  
Consumer prices in South Korea increased 1.3 percent year-on-year in February of 2016, following a 0.8 percent growth in the preceding month and well above expectations of 1.0 percent. Cost of food rose at a faster pace while housing & utilities and transport fell. Core inflation rate was recorded at 1.8 percent, up from 1.7 percent in January. On a monthly basis, prices grew 0.5 percent.
Tuesday March 01 2016
South Korea Trade Surplus Beats Estimates  
South Korea recorded a USD7.39 billion trade surplus in February of 2016, as compared to a USD7.71 billion surplus a year earlier and well above market expectations, as imports dropped more than exports.
Wednesday February 17 2016
South Korea Jobless Rate Steady in January  
South Korea seasonally adjusted unemployment rate came in at 3.5 percent in January of 2016, unchanged from an upwardly revised figure in December 2015 but slightly higher than 3.4 percent a year earlier.
Tuesday February 16 2016
Bank of Korea Holds Base Rate Steady for 8th Month  
South Korean Monetary Policy Committee decided to leave the base rate steady for the 8th straight month at record low of 1.5 percent at its February, 16th meeting, as expected. While forecasting the economy to continue its recovery going forward, policymakers viewed consumer prices will continue at a low level, mainly due to a decline in oil prices.
Monday February 01 2016
South Korea Inflation Rate at 4-Month Low  
Consumer prices in South Korea rose 0.8 percent year-on-year in January of 2016, following a 1.3 percent growth in the preceding month and below expectations. It was the lowest figure since September of 2015, as cost of food rose at a slower pace while housing & utilities and transport fell. Core inflation rate was recorded at 1.7 percent, the lowest since December of 2014. On a monthly basis, prices were flat.
Monday February 01 2016
South Korea Trade Surplus Below Forecast in January  
South Korea recorded a trade surplus of USD 5.3 billion in January of 2016, virtually unchanged from a year earlier and below market expectations of USD 6.68 billion. Exports fell 18.5 percent year-on-year, the biggest decrease since August of 2009. Also, imports went down by 20.1 percent.
Tuesday January 26 2016
South Korean GDP Grows 3% in Q4, 2.6% in 2015  
The South Korean economy advanced 3 percent year-on-year in the fourth quarter of 2015 following a 2.7 percent growth in the previous period and matching market expectations, preliminary figures showed. It was the biggest expansion since the third quarter of 2014, as both private and government consumption grew at a faster pace. For the whole of 2015, South Korea's GDP rose 2.6 percent compared to a gain of 3.3 percent in 2014.
Monday January 25 2016
South Korean Economy Expands 0.6% in Q4  
The South Korean economy advanced 0.6 percent on quarter in the the three months to December of 2015, easing from a 1.3 percent expansion in the previous period while staying slightly below market expectations, first estimates showed. Household consumption and government expenditure were the main drivers of growth while construction investment contracted sharply.
Thursday January 14 2016
South Korea Monetary Policy Unchanged for 7th Month  
South Korean Monetary Policy Committee decided to leave the base rate steady for the 7th straight month at record low of 1.5 percent at its January, 14th meeting, as expected. While forecasting the economy to continue its recovery going forward, policymakers viewed consumer prices will drop considerably short of the target of 2 percent for the time being, mainly due to the weakening effect of cigarette price hike and low oil prices.
Wednesday January 13 2016
South Korea Jobless Rate Steady for the 3rd Month  
South Korea seasonally adjusted unemployment rate came in at 3.4 percent in December of 2015, staying on the same level for the third straight month and in line with market expectations. The figure marked the lowest since January.
Friday January 01 2016
South Korea Trade Surplus Widens in December  
South Korea trade surplus was at USD7.2 billion in December of 2015, up from USD5.55 billion a year earlier but below market expectations, as imports fell more than exports.
Thursday December 31 2015
South Korea Inflation Rate at 16-Month High  
Consumer prices in South Korea rose 1.30 percent year-on-year in December of 2015, following a 1.0 percent rise in the preceding month and above expectations. It is the highest figure since October 2014, as cost of housing & utilities and transport fell at a slower pace while prices of food and clothing & footwear rose further.
Tuesday December 15 2015
South Korea Jobless Rate Steady at 3.4%  
South Korea seasonally adjusted unemployment rate was recorded at 3.4 percent in November of 2015, unchanged from the previous month and staying at its lowest level since January this year. While employment rose sharply, unemployment increased at a slower pace following four consecutive monthly falls. Economists had forecast the jobless rate to increase slightly to 3.5 percent.
Thursday December 10 2015
Bank of Korea Holds Base Rate Steady in December  
South Korean Monetary Policy Committee decided to leave the base rate steady for a sixth straight month at record low of 1.5 percent at its December 10th meeting. While noticing the persistent trend of declining exports, policymakers judged the economy will continue its recovery, centering around domestic demand.
Wednesday December 02 2015
South Korea GDP Growth Revised Up  
The South Korean economy advanced 2.7 percent year-on-year in the third quarter of 2015, higher than a preliminary estimate of 2.6 percent and the biggest expansion so far this year, final figures showed.
Wednesday December 02 2015
South Korea GDP Expands More than Expected  
The South Korean economy advanced 1.3 percent on quarter in the three months to September of 2015, higher than a preliminary estimate of 1.2 percent and the biggest growth rate since the second quarter of 2010. Private consumption and construction investment boosted the expansion, final figures showed.
Tuesday December 01 2015
South Korea Trade Surplus Reach Record High  
South Korea trade surplus widened to USD 10.4 billion in November of 2015, higher than a USD 5.3 billion surplus a year earlier, the highest on record.
Monday November 30 2015
South Korea Inflation Rate at 12-Month High  
Consumer prices in South Korea went up 1 percent year-on-year in November of 2015, higher thanfollowing a 0.9 percent increase in the previous month and the highest since November last year. On a monthly basis, the inflation rate turned negative.
Thursday November 12 2015
South Korea Monetary Policy Unchanged in November  
South Korean Monetary Policy Committee decided to leave the base rate steady for a fifth straight month at record low of 1.5 percent at its November 12th meeting. While forecasting the economy to continue its recovery going forward, policymakers judged the uncertainty surrounding the growth path was high.
Tuesday November 10 2015
South Korea Jobless Rate Lower than Expected  
South Korea seasonally adjusted unemployment rate decreased to 3.4 percent in October of 2015 from 3.5 percent in September, beating market expectations of 3.6 percent. The unemployment fell for the fouth straight month, remaining at its lowest since January.
Tuesday November 03 2015
South Korean Inflation Rate Up to 11-Month High in October  
Consumer prices in South Korea increased by 0.9 percent year-on-year in October of 2015, following a 0.6 percent growth in the previous month and beating market expectations of 0.8 percent. It was the highest value since November last year, as prices of food and furnishings rose further while cost of housing and transportation fell at a slower pace.
Sunday November 01 2015
South Korea Trade Surplus Narrows in October  
South Korea trade surplus was at USD6.70 billion in October of 2015, down from USD7.53 billion a year earlier and missing market forecasts, as imports fell more than exports.
Friday October 23 2015
South Korea GDP Growth at 5-Year-High  
South Korea economy expanded 1.2 percent on quarter in the third quarter of 2015, accelerating from a 0.3 percent growth in the previous period and beating market expectations. It is the fastest expansion since the second quarter of 2010, as a rebound in private consumption and an increase in government spending and investment offset a decline in exports.
Friday October 23 2015
South Korea Economy Grows 2.6% YoY in Q3  
South Korean GDP growth advanced 2.6 percent year-on-year in the third quarter of 2015, up from 2.2 percent expansion in the previous quarter and slightly above market consensus, as all components in the economy grew at a faster pace.
Thursday October 15 2015
BoK Holds Rate Steady; Revises GDP Outlook  
South Korean Monetary Policy Committee decided to leave the base rate unchanged at record low of 1.5 percent at its October 15th meeting, as widely expected. Policymakers also downwardly revised its economic growth forecast this year to 2.7 percent from an earlier projection of 2.8 percent.
Wednesday October 14 2015
South Korea Jobless Rate Down to 3.5% in September  
South Korea seasonally adjusted unemployment rate was recorded at 3.5 percent in September of 2015, slightly down from 3.6 percent in the previous month and beating market consensus. It is the lowest level since January this year.
Friday October 02 2015
South Korea Inflation Rate Eases in September  
South Korean annual inflation rate was at 0.6 percent in September of 2015, slowing from 0.7 percent in the previous month and below market consensus. A further decline in cost of transport and a significant slowdown in price of food and non-alcoholic beverages offset an increase in cost of clothing and a slower drop of cost of housing & utilities.
Thursday October 01 2015
South Korea Trade Surplus Widens in September  
South Korea trade surplus was at USD8.9 billion in September of 2015, up from USD3.3 billion a year earlier and beating market expectations. It is the second-largest trade surplus in record, as imports dropped more than exports.
Friday September 11 2015
Bank of Korea Holds Base Rate Steady in September  
South Korean Monetary Policy Committee decided to leave the base rate unchanged at record low of 1.5 percent at its September 11th meeting. While weighing the effects of its two rate cuts this year, policymakers judged the uncertainties surrounding the growth path to have increased.
Wednesday September 09 2015
South Korea Jobless Rate at 7 Month-Low  
South Korea seasonally adjusted unemployment rate was recorded at 3.6 percent in August of 2015, slightly down from 3.7 percent in the previous month, the lowest level since January this year.
Thursday September 03 2015
South Korea Economy Slows in Q2  
South Korea GDP growth advanced 0.3 percent on quarter in the second quarter of 2015, down from a 0.8 percent expansion in the previous period and matching preliminary estimates. Higher government spending and exports were unable to offset a slowdown in investment and a contraction in private consumption.
Thursday September 03 2015
South Korea GDP Growth Confirmed at 2.2% YoY in Q2  
The South Korean economy expanded 2.2 percent year-on-year in the second quarter of 2015, slowing from a 2.5 percent growth reported in January to March and matching preliminary estimates. It is the weakest growth rate since the first quarter of 2013, driven by a fall in exports.
Tuesday September 01 2015
South Korea Inflation Rate Steady in August  
South Korean annual inflation rate was at 0.7 percent in August of 2015, the same pace as in the previous month and matching market consensus. A decline in cost of transport and housing & utilities and a slowdown in cost of food and non-alcoholic beverages offset an increase in cost of clothing, health and miscellaneous goods and services.
Tuesday September 01 2015
South Korea Trade Surplus Below Forecasts in August  
South Korea trade surplus was at USD4.3 billion in August of 2015, up from USD3.3 billion a year earlier but missing market forecasts, as exports plunged 14.7 percent.
Thursday August 13 2015
Bank of Korea Holds Base Rate Steady at 1.5%  
South Korean Monetary Policy Committee decided to leave the base rate unchanged at record low of 1.5 percent at its August 13th meeting. While forecasting the economy to gradually recover going forward, policymakers judged the uncertainties surrounding the growth path to be high.
Wednesday August 12 2015
South Korea Jobless Rate Down to 3.7% in July  
South Korea seasonally adjusted unemployment rate was recorded at 3.7 percent in July of 2015, down from 3.9 percent in the previous month and below market forecasts, as the number of employed persons increased despite job losses in agriculture sector.
Tuesday August 04 2015
South Korea Inflation Rate Steady in July  
South Korean annual inflation rate was at 0.7 percent in July of 2015, the same pace as in the previous month and matching market consensus. A further decline in cost of housing and utilities and a slowdown in prices of food and non-alcoholic beverages offset an increase in cost of clothing and a slower drop in cost of transport.
Saturday August 01 2015
South Korea Trade Surplus Falls from Record High  
South Korea trade surplus was at USD 7.76 billion in July of 2015, up from USD 2.34 billion a year earlier but missing market forecasts, as imports fell more than exports.
Thursday July 23 2015
South Korea GDP Growth at 2-Year Low in Q2  
The South Korean economy advanced 2.2 percent year-on-year in the second quarter of 2015, the lowest growth rate since the first three months of 2013 as exports plunged, advance estimates from the central bank showed.
Thursday July 23 2015
South Korea GDP Growth Slows in Q2  
The South Korean economy advanced 0.3 percent on quarter in the three months to June down from a 0.8 percent expansion in the previous period, advance estimates from the central bank showed. Figures came below market expectations as the outbreak of Middle East Respiratory Syndrome lead to a contraction in private consumption.
Wednesday July 15 2015
South Korea Jobless Rate Steady in June  
South Korea seasonally adjusted unemployment rate was recorded at 3.9 percent in June of 2015, remaining unchanged from the previous month, as the number of employed persons increased despite small job losses in some parts of job categories.
Thursday July 09 2015
Bank of Korea Keeps Base Rate at Record Low  
South Korean Monetary Policy Committee decided to leave the base rate unchanged at record low of 1.5 percent at its July 9th meeting, as it weighs the effects of last month's rate cut and the government's recent fiscal stimulus package.
Wednesday July 01 2015
South Korea Inflation Rate at 5-Month High  
South Korean annual inflation rate was at 0.7 percent in June of 2015, up from 0.5 percent in May and matching market consensus. It is the highest inflation since January this year, as prices of food and non-alcoholic beverages and restaurants and hotels increased while the decline in cost of transport eased.
Wednesday July 01 2015
South Korea Trade Surplus Hits Fresh Record High in June  
South Korea trade surplus was at USD 10.25 billion in June of 2015, up from USD 5.35 billion a year earlier and beating market consensus. It is the largest surplus on record, as imports fell more than exports.
Thursday June 11 2015
Bank of Korea Cuts Rate to Fresh Record Low of 1.5%  
The Bank of Korea decided to cut the base rate by 25 bps to fresh record low of 1.5 percent on June 11th, the second adjustment this year. Policymakers judged downside risks to the economy have expanded, mostly due to sluggish exports and to fears of MERS outbreak.
Wednesday June 10 2015
South Korea Jobless Rate Up to 3.9% in May  
South Korea seasonally adjusted unemployment rate was recorded at 3.9 percent in May of 2015, up from 3.7 percent in the previous month and missing market forecasts, as unemployment grew faster than employment.
Thursday June 04 2015
South Korea GDP Growth Matches Estimates in Q1  
The South Korean economy advanced by 0.8 percent on quarter in the first quarter of 2015, accelerating from a 0.3 percent expansion in the previous period and matching preliminary estimates, as a rebound in investment and a slight increase in consumption offset a slowdown in exports.
Thursday June 04 2015
South Korea GDP Growth Slows in Q1  
The South Korean economy advanced by 2.5 percent year-on-year in the first quarter of 2015, slowing from a 2.7 percent expansion in October to December but above preliminary estimates. It is the lowest growth rate since the second quarter of 2012, as an increase in investment and consumption were not enough to offset a slowdown in exports.
Tuesday June 02 2015
South Korea Inflation Edges Up in May  
South Korean annual inflation rate increased to 0.5 percent in May of 2015 from 0.4 percent in April, matching market forecasts. Prices of food and non-alcoholic beverages surged and a decline in cost of transport eased.
Monday June 01 2015
South Korea Trade Surplus Falls from Record High in May  
South Korea trade surplus was at USD 6.32 billion in May of 2015, up from USD 4.97 billion a year earlier but significantly down from a record high of USD 8.48 billion in the preceding month, as imports fell more than exports.
Friday May 15 2015
South Korea Monetary Policy Unchanged in May  
South Korean Monetary Policy Committee decided to leave the base rate unchanged at 1.75 percent at its May 15th meeting for the third straight month. Policymakers forecast inflation will continue at a low level, due to low energy prices, and the economy will show a modest trend of recovery.
Wednesday May 13 2015
South Korea Jobless Rate Steady in April  
South Korea seasonally adjusted unemployment rate was recorded at 3.7 percent in April of 2015, remaining unchanged from the previous month, as the number of employed persons increased despite job losses in the wholesale & retail trade, accommodation & food sector.
Friday May 01 2015
South Korea Inflation Rate Stable at 0.4% in April  
South Korean annual inflation rate eased to 0.4 percent in April of 2015, the same pace as in the precious month and matching market forecasts. The figure is the lowest since July of 1999.
Friday May 01 2015
South Korea Trade Surplus Hits Fresh Record High in April  
South Korea trade surplus widened to USD 8.49 billion in April of 2015 from USD 4.39 billion a year earlier, reaching new all time high, as exports and imports fell more than expected.
Thursday April 23 2015
South Korea Economy Expands 0.8% QoQ in Q1  
The South Korean economy advanced by 0.8 percent on quarter in the first three months of 2015, accelerating from a 0.3 percent expansion in the previous period, mainly due to a rebound in investment and a slight increase in consumption.
Thursday April 23 2015
South Korea GDP Growth at Nearly 2-Year Low  
The South Korean economy advanced by 2.4 percent year-on-year in the first quarter of 2015, according to preliminary estimates. It is the lowest growth rate since the third quarter of 2013, as an increase in investment and consumption was not enough to offset a negative contribution from net exports.
Wednesday April 15 2015
South Korea Jobless Rate Down in March  
South Korea seasonally adjusted unemployment rate decreased to 3.7 percent in March of 2015 from 3.9 percent in the previous month, as the number of employed persons increased.
Thursday April 09 2015
Bank of Korea Keeps Base Rate at Record Low  
South Korean Monetary Policy Committee decided to leave the base rate unchanged at 1.75 percent at its April 9th meeting, following a surprise rate cut last month. Policymakers judged the domestic demand has not clearly recovered while inflation is expected to be low, due to falling energy prices.
Wednesday April 01 2015
South Korea Trade Surplus Hits Record High in March  
South Korea trade surplus widened to USD 8.39 billion in March of 2015 from USD 3.50 billion a year earlier, reaching an all time high, as imports fell more than exports.
Wednesday April 01 2015
South Korea Inflation Rate Lowest in Almost 16 Years  
South Korean annual inflation rate eased to 0.4 percent in March of 2015 from a 0.5 percent n February, as cost of transport, recreation & culture and housing and utilities declined. The figure came slightly below market forecasts and is the lowest since July of 1999.
Wednesday March 25 2015
South Korea GDP Expands 0.3% QoQ in Q4  
The South Korean economy advanced 0.3 percent on quarter in the three months to December, lower than a revised 0.8 percent expansion in the previous period. It is the slowest growth since the third quarter of 2012, mainly due to a decline in construction investment and a sharp slowdown in government consumption.
Wednesday March 25 2015
South Korea Economy Confirmed at 2.7% YoY in Q4  
South Korean GDP advanced 2.7 percent year-on-year in the last quarter of 2014, down from a 3.2 percent expansion in the previous period and matching preliminary estimates. It is the weakest performance since the third quarter of 2013, due to a slowdown in investment and exports.
Wednesday March 18 2015
South Korea Jobless Rate Highest in 12 Months  
South Korea seasonally adjusted unemployment rate unexpectedly increased to 3.9 percent in February of 2015 from 3.4 percent in the previous month. It is the highest rate since February 2014 as unemployment grew faster than employment.
Thursday March 12 2015
Bank of Korea Cuts Rate to Record Low of 1.75%  
The Bank of Korea unexpectedly decided to cut the base rate by 25 bps to record low of 1.75 percent on March 12th. It is the first adjustment since October 2014 supported by sluggish domestic demand and weak outlook of the economy.
Monday March 02 2015
South Korea Inflation Rate Slows to 15-1/2-Year Low  
South Korean annual inflation rate eased to 0.5 percent in February of 2015, the lowest figure since July of 1999, due to a fall in prices of industrial goods and fresh food.
Tuesday February 17 2015
South Korea Monetary Policy Unchanged in February  
South Korean Monetary Policy Committee decided to keep the base rate unchanged at 2 percent for the fourth consecutive month at its February 17th meeting. Policymakers judged the recovery of the domestic demand has not been strong and economic expectations remains weak.
Wednesday February 11 2015
South Korea Jobless Rate Edges Down in January  
South Korea seasonally adjusted unemployment rate decreased to 3.4 percent in January of 2015, from 3.5 percent in the previous month as more people were detached from the labour market.
Monday February 02 2015
South Korea Inflation Rate Stable at 0.8%  
South Korean annual inflation rate was steady at 0.8 percent in January of 2015, remaining at a fifteen-year low. Prices of fresh food fell again while cost of industrial goods rose slightly.
Monday February 02 2015
South Korea Records USD 5.53 Billion Trade Surplus  
South Korea trade surplus widened to USD 5.53 billion in January of 2015 from USD 0.73 billion a year earlier and above market expectations, as imports fell at a faster pace than exports.
Thursday January 22 2015
South Korea GDP Growth at Nearly 1-1/2-Year Low  
The South Korean economy advanced 2.7 percent year-on-year in the last quarter of 2014, according to preliminary estimates. It is the lowest growth rate since the third quarter of 2013, due to a slowdown in exports and investment.
Friday January 23 2015
South Korea GDP Growth Matches Estimates in Q4  
The South Korean economy advanced 0.4 percent on quarter in the three months to December, in line with market expectations but lower than a 0.9 percent increase in the previous period. It was the slowest growth since the third quarter of 2012 as exports and investment contracted and consumption slowed.
Thursday January 15 2015
Bank of Korea Holds Rates at Record Low  
South Korean Monetary Policy Committee left the base rate unchanged at 2 percent for the third consecutive month at its January 15th meeting. Policymakers judged the recovery in the domestic demand has been slow and the outlook for the economy remains weak.
Wednesday January 14 2015
South Korea Unemployment Rate Edges Up in December  
South Korea seasonally adjusted jobless rate rose to 3.5 percent in December of 2014, from 3.4 percent in the previous month as employment fell in agriculture, business and construction.
Thursday January 01 2015
South Korea Trade Surplus Widens in December  
South Korea recorded a USD 5.78 billion trade surplus in December of 2014, up from a revised USD 5.51 billion in the previous month and from USD 3.63 billion a year earlier, as exports unexpectedly rose while imports fell further.
Wednesday December 31 2014
South Korea Inflation Rate Down to 15-Year Low  
South Korea annual inflation rate slowed for the second straight month to 0.8 percent in December of 2014 from 1 percent in the previous month. It is the lowest rate since September of 1999 due to a fall in prices of industrial goods and fresh food.
Thursday December 11 2014
South Korea Keeps Base Rate Unchanged in December  
South Korean Monetary Policy Committee left the base rate unchanged at 2 percent at its December 11th meeting, as outlook for economic growth remains weak.
Wednesday December 10 2014
South Korea Unemployment Rate Down to 3.4%  
South Korean seasonally adjusted jobless rate decreased to 3.4 percent in November of 2014 from 3.5 percent in the previous three months, as more jobs were created in health services, internal trade and the construction sector.
Monday December 01 2014
South Korea Inflation Rate at 9-Month Low  
South Korea annual inflation rate slowed to 1 percent in November of 2014 from 1.2 percent in the previous month. It is the lowest rate since February due to a fall in prices of industrial goods.
Monday December 01 2014
South Korea Trade Surplus Widens in November  
South Korea recorded a USD 5.61 billion trade surplus in November of 2014, compared with a USD 4.79 billion surplus a year earlier. Exports dropped unexpectedly 1.9 percent while imports declined 4 percent.
Thursday November 13 2014
South Korea Monetary Policy Unchanged in November  
South Korean Monetary Policy Committee left the base rate unchanged at 2 percent at its November 13th meeting, as it weighs the effects of last month's rate cut.
Thursday November 13 2014
South Korea Unemployment Rate Unchanged at 3.5% in October  
South Korean seasonally adjusted unemployment rate was stable at 3.5 percent in October of 2014 while the number of employed increased slightly compared to the previous month.
Monday November 03 2014
South Korea Inflation Rate Edges Up in October  
South Korean annual inflation rate accelerated for the first time in five months to 1.2 percent in October of 2014 from 1.1 percent in the previous month. On a monthly basis, consumer prices fell for the second straight month.
Saturday November 01 2014
South Korea Trade Surplus at Record High in October  
In October of 2014, South Korean trade surplus increased sharply to USD 7.50 billion from USD 4.87 billion a year earlier, boosted by increased demand from the US and China. Enjoying the black balance since February of 2012, the country saw the latest trade surplus is the largest in history.
Friday October 24 2014
South Korean Economy Slows in Q3  
South Korean GDP advanced 3.2 percent year-on-year in the third quarter of 2014, down from a 3.5 percent expansion in the previous period. It is the weakest performance in five quarters as exports and facilities investment slowed sharply.
Friday October 24 2014
South Korea GDP Expands 0.9% QoQ in Q3  
The South Korean economy advanced 0.9 percent on quarter in the three months to September compared with a 0.5 percent expansion in the previous period and due to a rebound in private consumption and higher construction investment.
Wednesday October 15 2014
South Korea Jobless Rate Stable at 3.5% in September  
In September of 2014, South Korean seasonally adjusted unemployment rate was recorded at 3.5 percent, unchanged from the previous month, but higher than 3.0 percent a year earlier.
Wednesday October 15 2014
South Korea Cuts Base Rate to Record Low at 2%  
At its October 15th meeting, South Korean Monetary Policy Committee lowered the base rate by 25 basis points to 2.0 percent to boost the country’s economic growth. It is the second rate cut in the last three months, bringing the policy rate to a record low.
Wednesday October 01 2014
South Korea Inflation Continues to Slow in September  
South Korean annual inflation eased to 1.10 percent in September of 2014 from 1.40 percent in the previous month, and below market expectations. The rate was the slowest in the last seven months, helped by stable prices of food and healthcare services.
Wednesday October 01 2014
South Korea Trade Surplus Narrows in September  
South Korean trade surplus declined to USD 3.36 billion in September of 2014 from USD 3.59 billion a year earlier, marking the 32nd straight month of surplus, as imports grew faster than exports. In August, the country posted a revised USD 3.37 billion trade surplus.
Friday September 12 2014
South Korea Keeps Base Rate Unchanged at 2.25%  
At its September, 12th meeting, South Korean Monetary Policy Committee left the base rate unchanged at 2.25 percent, as it evaluates the effects of last month’s rate cut and government’s fiscal policies.
Friday September 12 2014
South Korea Jobless Rate Inches Up in August  
In August of 2014, South Korean seasonally adjusted unemployment rate inched up to 3.5 percent from 3.4 percent a year earlier, due to job losses in agriculture, electricity, transport, telecom and finance.
Thursday September 04 2014
South Korea GDP Growth Revised Down to 3.5% YoY in Q2  
In the second quarter of 2014, the South Korean economy advanced 3.5 percent year-on-year, slowing from a 3.9 percent expansion in the previous quarter and slightly below the advance estimate.
Thursday September 04 2014
South Korean Economy Advances Less than Expected  
The South Korean GDP expanded a seasonally adjusted 0.5 percent in the second quarter of 2014 compared with the previous period. Final estimates came below the advance 0.6 percent expansion, as investment and exports grew less than anticipated.
Tuesday September 02 2014
South Korea Inflation Rate Eases in August  
South Korean annual inflation eased to 1.40 percent in August of 2014 from 1.60 percent in the previous month, below market expectations. Prices of housing and utilities slowed while food and transport cost fell.
Monday September 01 2014
South Korea Trade Surplus Shrinks in August  
South Korean trade surplus declined to USD 3.40 billion in August of 2014 from USD 4.72 billion a year earlier as imports rose, while exports went down slightly.
Thursday August 14 2014
South Korea Cuts Interest Rate to 2.25%  
At its August 14th meeting, South Korean Monetary Policy Committee lowered the base rate by 25 basis points to 2.25 percent to boost the economic growth. This was the first rate adjustment in fifteen months, bringing the policy rate to the same level as in November of 2010.
Wednesday August 13 2014
South Korea Jobless Rate Down in July  
In July of 2014, South Korean seasonally adjusted unemployment rate went down to 3.4 percent from 3.6 percent in the previous month as the number of employed persons increased.
Friday August 01 2014
South Korea Trade Surplus Narrows in July  
South Korean trade surplus fell to USD 2.52 billion in July of 2014 from a revised USD 5.45 billion surplus in the previous month due to a surge in imports, but remained almost unchanged from USD 2.45 billion a year earlier.
Friday August 01 2014
South Korea Inflation Slows in July  
South Korean annual inflation slowed to 1.60 percent in July of 2014 from 1.70 percent in the previous month. Prices of clothing and footwear rose the most while education costs remained stable in the month.
Thursday July 24 2014
South Korean Economy Advances 3.6% in Q2  
South Korean GDP advanced 3.6 year-on-year in the second quarter of 2014, down from 3.9 percent in the previous period, as all main production sectors slowed except electricity, water and gas supply.
Thursday July 24 2014
South Korea GDP Growth Slows in Q2  
The South Korean economy advanced a seasonally adjusted 0.6 percent on quarter in the three months to June, slowing from a 0.9 percent expansion in the previous two quarters. Advance estimates showed private consumption contracted for the first time in five quarters.
Wednesday July 16 2014
South Korea Jobless Rate Inches Down in June  
In June of 2014, South Korean seasonally adjusted unemployment rate decreased to 3.6 percent from 3.7 percent in the previous month. A year earlier, the jobless rate was recorded at 3.1 percent.
Thursday July 10 2014
Bank of Korea Holds Base Rate at 2.5%  
At its July 10th, 2014 meeting, South Korean Monetary Policy Committee decided to maintain the base rate on hold at 2.50 percent for the fourteenth straight month, as the country continued to enjoy buoyant exports while inflationary pressures appear to be somewhat weaker than expected. The Committee also lowered growth outlook for 2014 to become 3.8 percent from the initial target 4 percent.
Tuesday July 01 2014
South Korea Trade Surplus Narrows in June  
South Korea trade surplus declined to USD 5.29 billion in June of 2014 from USD 5.97 billion a year earlier as imports grew faster than exports.
Tuesday July 01 2014
South Korea Inflation Steady in June  
South Korean annual inflation came in at 1.70 percent in June of 2014, steady compared with the same figure in May. Prices of clothing and footwear rose the most while cost of transportation and alcoholic beverages and tobacco decreased slightly.
Thursday June 12 2014
South Korea Monetary Policy Unchanged in June  
At its June 12th, 2014 meeting, South Korean Monetary Policy Committee decided to hold the base rate on hold at 2.50 percent for the thirteenth straight month, as domestic demand has slackened somewhat due to the impact of the Seoul ferry accident and inflation is expected to remain low for the time being.
Wednesday June 11 2014
South Korea Unemployment Rate Stable at 3.7%  
In May of 2014, South Korean seasonally adjusted jobless rate was recorded at 3.7 percent, unchanged from the previous month, but higher than 3.2 percent a year earlier.
Thursday June 05 2014
South Korea GDP Growth Accelerates  
In the first quarter of 2014, the South Korean economy advanced 3.9 percent year-on-year, accelerating from a 3.7 percent expansion in the previous quarter and matching the advance estimate.
Thursday June 05 2014
South Korea GDP Growth Unrevised in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous period and unchanged from the advance estimate.
Tuesday June 03 2014
South Korea Inflation Up to 19-Month High  
South Korean annual inflation accelerated for the third straight month to 1.70 percent in May of 2014 from 1.50 percent in April, driven by higher food prices.
Monday June 02 2014
South Korea Trade Surplus Narrows on Lower Exports  
South Korean trade surplus decreased to USD 5.35 billion in May of 2014 from USD 5.92 billion in the same month a year earlier. Exports recorded the first annual decline since the beginning of the year and the sharpest since September of 2013.
Wednesday May 14 2014
South Korea Unemployment Rate Up to 3.7%  
South Korean seasonally adjusted jobless rate increased to 3.7 percent in April of 2014, from 3.5 percent in the previous month. The number of new jobs added fell for the second consecutive month.
Friday May 09 2014
Bank of Korea Leaves Rates on Hold  
At its May 9th meeting, the Monetary Policy Committee of the Bank of Korea left the benchmark interest rate steady at 2.5 percent for the 12th consecutive month. The Committee also said it will speed up spending, looking to stimulate growth hampered by a surge in the won and weaker consumption after a deadly ferry accident.
Thursday May 01 2014
South Korea Trade Surplus Widens to 5-Month High  
In April of 2014, South Korean trade surplus increased to USD 4.46 billion, up from USD 4.16 billion in the previous month and USD 2.5 billion a year earlier, as exports recorded the highest annual increase in fifteen months.
Thursday May 01 2014
South Korea Inflation Up to 8-Month High  
South Korean annual inflation rate accelerated for the second straight month to 1.5 percent in April of 2014, up from 1.3 percent in March, driven by higher cost of industrial goods.
Thursday April 24 2014
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
Thursday April 24 2014
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Thursday April 10 2014
Bank of Korea Leaves Monetary Policy Unchanged  
At its April 10th, 2014 meeting, South Korea's central bank held the benchmark interest rate unchanged at 2.5 percent, as widely expected. Under new Governor Lee Ju-yeol, the Bank of Korea cited signs of recovery at home and abroad and uncertainty about the US Federal Reserve's stimulus.
Wednesday April 09 2014
South Korea Unemployment Rate Falls in March  
South Korea jobless rate decreased to 3.5 percent in March of 2014, after reaching a three-year high 3.9 percent in February, thanks to new jobs created in agriculture and social services.
Tuesday April 01 2014
South Korea Trade Surplus Widens 25.7% YoY in March  
South Korean trade surplus increased to USD 4.19 billion in March of 2014, up from a USD 933 million surplus in the previous month and USD 3.33 billion surplus a year earlier. Exports jumped to the second-highest value on record due to higher demand from the US and the EU.
Tuesday April 01 2014
South Korea Inflation Rate Accelerates in March  
South Korean consumer prices rose in March of 2014 to an annual rate of 1.3 percent, up from 1 percent in February. The inflation rate rose for the first time in four months to a seven-month high, mainly due to higher childcare cost.
Tuesday March 25 2014
South Korea GDP Advances 0.9% QoQ in Q4  
South Korean GDP advanced a seasonally adjusted 0.9 percent on quarter in the fourth quarter of 2013, in line with expectations and unchanged from the advance estimate.
Tuesday March 25 2014
South Korea GDP Growth Revised Down to 3.7% YoY  
In the fourth quarter of 2013, South Korean GDP advanced 3.7 percent over a year earlier, down from an initial 3.9 percent estimate. Exports, government spending and contruction investment rose at a slower pace than initially estimated.
Thursday March 13 2014
Bank of Korea Holds Rates  
At its March 13th, 2014 meeting, South Korea’s central bank decided to hold the base rate unchanged at 2.5 percent, citing mixed signs of a global recovery.
Wednesday March 12 2014
South Korea Unemployment Rate Hits 3-Year High  
In February of 2014, South Korean seasonally adjusted jobless rate rose to 3.9 percent, up from 3.2 percent in the previous month. While the number of job seekers increased as the season for graduation and recruitment led more young people to actively look for job, the number of people in work hit its highest level in 15 years.
Tuesday March 04 2014
South Korea Inflation Rate Slows in February  
South Korea annual inflation rate eased to a four-month low 1 percent in February of 2014, down from 1.1 percent in the previous two months.
Monday March 03 2014
South Korea Trade Surplus Narrows over a Year Earlier  
In February of 2014, South Korean trade surplus decreased for the second straight month to USD 926 million, down from USD 1.9 billion a year earlier. Sales in January and February usually show volatility due to the Lunar New Year holidays.
Thursday February 13 2014
South Korea Keeps Rates Unchanged in February  
At its February 13th, 2014 meeting, South Korea’s central bank decided to leave the base rate unchanged at 2.5 percent, on mixed prospects of economic recovery.
Wednesday February 12 2014
South Korea Unemployment Rate Edges Up in January  
In January of 2014, South Korean jobless rate rose for the second straight month to 3.2 percent, up from a revised 3.1 percent in the last month of 2013.
Monday February 03 2014
South Korea Inflation Rate Steady in January  
In January of 2014, South Korean annual inflation rate remained steady at 1.1 percent. Prices of fresh food dropped 12.9 percent.
Monday February 03 2014
South Korea Trade Surplus Narrows in January  
In January of 2014, South Korean trade surplus decreased to USD 735 million, the lowest surplus in twelve months. Exports shrank for the first time in four months by an annual 0.2 percent due to lower working days. Sales in January and February usually show volatility due to the Lunar New Year holidays.
Wednesday January 22 2014
South Korea GDP Advances 3.9% YoY in Q4 2013  
In the fourth quarter of 2013, South Korea GDP expanded 3.9 percent, the highest growth rate in eleven quarters, boosted by private consumption and capital investment.
Wednesday January 22 2014
South Korea GDP Growth Matches Expectations in Q4 2013  
In the fourth quarter of 2013, South Korean economy advanced a seasonally adjusted 0.9 percent quarter-on-quarter, slowing from 1.1 percent in the previous two quarters, but matching market expectations. Advance estimates for the full 2013 showed the GDP expanded 2.8 percent, up from 2 percent in 2012.
Wednesday January 15 2014
South Korea Unemployment Rate Rises in December  
In December of 2013, South Korea seasonally adjusted jobless rate edged up to 3 percent, after falling to a record-low of 2.9 percent in November. However, the number employed people grew by more than half a million from a year earlier.
Thursday January 09 2014
South Korea Monetary Policy Unchanged in January  
South Korea's Central Bank decided on January 9th to leave the benchmark interest rate unchanged at 2.5 percent as widely expected, citing signs of modest economic recovery.
Thursday January 02 2014
South Korea Trade Surplus Widens 104% YoY in December  
In December of 2013, South Korean trade surplus rose to USD 3.7 billion, up from USD 1.8 billion a year ago. Improving demand from the U.S. and China and a day-and-a-half of extra working days compared with a year ago boosted exports.
Tuesday December 31 2013
South Korean Inflation Rate Up to 1.1% in December  
In December, South Korean inflation rate rose to 1.1 percent, up from 0.9 percent in November. Prices rose for the second consecutive month driven by higher clothing and housing costs but the rate remains below the Central Bank target of 2.5 percent.
Thursday December 12 2013
Bank of Korea Leaves Rate on Hold in December  
South Korea's Central Bank decided on December 12th to leave the benchmark interest rate unchanged at 2.5 percent for the seventh straight meeting, as the economy shows signs of a moderate recovery while inflation remains stable.
Wednesday December 11 2013
South Korea Unemployment Rate Down to Record Low in November  
In November of 2013, South Korean seasonally adjusted jobless rate fell to 2.9 percent, the lowest rate ever, as healthcare and other service industries added more jobs.
Wednesday December 04 2013
South Korean Economy Advances 1.1% QoQ in Q3  
South Korean quarter-on-quarter GDP growth was confirmed at 1.1 percent in the third quarter of 2013, the same rate recorded in the previous three-month period.
Wednesday December 04 2013
South Korea GDP Growth Confirmed at 3.3% YoY in Q3  
In the third quarter of 2013, South Korean economy advanced 3.3 percent year-on-year, matching the advanced estimate released earlier by the central bank. It is the fastest expansion in the last seven quarters.
Monday December 02 2013
South Korea Trade Surplus Widens in November Over a Year Earlier  
In November of 2013, South Korean trade surplus slightly increased to 4.8 billion USD, from 4.4 billion USD a year earlier, as exports rose at a weaker-than-expected pace, hurt by lower sales to Japan and the Asean countries.
Monday December 02 2013
South Korea Inflation Rate Up to 0.9% in November  
In November of 2013, South Korean headline CPI slightly accelerated to an annual 0.9 percent, after reaching a 14-year low in September. Although November figure was higher than a month earlier, the inflation rate stayed in the zero percent range for the third consecutive month and well below the Central Bank target.
Thursday November 14 2013
Bank of Korea Leaves Monetary Policy Unchanged in November  
In its November meeting, the Moneatry Policy Committee of the Bank of Korea decided to leave the base rate unchanged at 2.50 percent for the sixth straight meeting, as the inflation remains under control and the economy recovers moderately.
Wednesday November 13 2013
South Korea Unemployment Rate Steady at 3% in October  
In October of 2013, South Korean seasonally adjusted jobless rate remained stable at 3 percent, the same rate recorded last month and a year earlier. While the number of regular employees continue to increase, part-time, daily contracted and self-employed workers keep declining.
Friday November 01 2013
South Korea Trade Surplus Widens in October on Record Exports  
In October of 2013, South Korean trade surplus increased to 4.9 billion USD, up from 3.7 billion USD a year earlier. Exports surged 7.3 percent year-on-year and reached the highest value on record, boosted by increased demand for mobile phones and cars from the US and the EU.
Friday November 01 2013
South Korea Inflation Rate at 14-Year Low in October  
In October of 2013, South Korean annual inflation rate eased for the third straight month to 0.7 percent, the lowest value since September of 1999. Yet, favorable weather conditions, lower global crude oil prices and the strengthen of the Won against the US dollar contributed to the drop in food and transport prices. From September to October, prices fell 0.3 percent.
Friday October 25 2013
South Korean Economy Expands 3.3% YoY in Q3  
In the third quarter of 2013, South Korean GDP rose 3.3 percent over a year earlier, its fastest pace since the last quarter of 2011. Advance estimates released by the central bank showed that private consumption and construction investment lead the expansion, while exports slowed.
Friday October 25 2013
South Korea GDP Growth Beats Estimates in Q3  
In the third quarter of 2013, South Korean GDP expanded 1.1 percent quarter-on-quarter, advance estimates released by the central bank showed. A rebound in private spending and robust construction investment were enough to offset a drop in exports.
Wednesday October 16 2013
South Korea Unemployment Rate Drops to 3% in September  
In September of 2013, South Korean seasonally adjusted jobless rate decreased marginally for the second consecutive month to 3 percent, from 3.1 percent in the previous month, led by job creation in the services sector.
Thursday October 10 2013
South Korean Monetary Policy Unchanged in October  
The Monetary Policy Committee of the Bank of Korea decided on October 10th to leave the base rate unchanged at 2.50 percent for the fifth straight meeting, amid concerns over U.S. government shutdown.
Tuesday October 01 2013
South Korea Trade Surplus Widens in September Over a Year Earlier  
In September of 2013, South Korean trade surplus reached 3.71 billion USD, down from 4.82 billion USD in the previous month, but up from 2.9 billion USD a year earlier. While fewer working days led exports to fall for the first time in three months by an annual 1.5 percent, imports dropped at a a faster pace of 3.6 percent.
Tuesday October 01 2013
South Korea Inflation Rate Slows to 14-Year Low  
In September of 2013, South Korean annual inflation rate eased to 0.8 percent, the lowest rate since September of 1999, as favorable weather conditions improved agricultural production, leading to a fall in food prices. From August to September, prices increased 0.2 percent.
Thursday September 12 2013
Bank of Korea Holds the Base Rate at 2.5%  
The Monetary Policy Committee of the Bank of Korea decided on August 12th to leave the base rate unchanged at 2.50 percent, as its assessment on the economy points to moderate growth.
Wednesday September 11 2013
South Korea Unemployment Rate Down to 3.1% in August  
In August of 2013, South Korean seasonally adjusted jobless rate decreased marginally to 3.1 percent, after remaining stable at 3.2 percent in the previous three months, led by job creation in the services sector.
Thursday September 05 2013
South Korean GDP Growth Confirmed at 2.3% YoY in Q2  
In the second quarter of 2013, South Korea GDP increased 2.3 percent year-on-year, the same figure given in the advanced estimates. The expansion was boosted by a recovery in exports, consumption and construction.
Thursday September 05 2013
South Korea GDP Growth Confirmed at 1.1% QoQ in Q2  
South Korea's economy grew by a seasonally adjusted 1.1 percent in the second quarter of 2013 over the previous three months, the same figure given in the advanced estimates.
Monday September 02 2013
South Korea Trade Surplus Widens in August on Rising Exports  
In August of 2013, South Korean trade surplus increased to 4.9 billion USD, from 1.95 billion USD a year earlier, boosted by higher smartphone sales to the US.
Monday September 02 2013
South Korea Inflation Rate Slows to 1.3% in August  
In August of 2013, South Korean annual inflation rate eased to 1.3 percent, from 1.4 percent in July, due to falling prices of miscellaneous services and stable cost of household items. Inflation a year ago was recorded at 1.2 percent.
Wednesday August 14 2013
South Korean Unemployment Unchanged at 3.2% in July  
In July, South Korea's seasonally adjusted unemployment rate remained unchanged at 3.2 percent. The number of unemployed persons increased by 33 thousand to 828 thousand people, or 4.1 percent, compared to July of 2012.
Thursday August 08 2013
South Korean Monetary Policy Unchanged in August  
The Monetary Policy Committee of the Bank of Korea decided on August 8th to leave the Base Rate unchanged at 2.50 percent. The Committee left its monetary policy unchanged for the 3rd straight meeting as its assessment on the economy points to recovery.
Thursday August 01 2013
South Korea Trade Surplus at $ 2.7B in July  
In July of 2013, South Korean trade surplus slightly increased to 2.71 billion USD, from 2.69 billion USD a year earlier. While exports recovered on the back of higher China and EU demand, imports grew in July for the first time in six months and at a faster pace than exports.
Thursday August 01 2013
South Korea Inflation Rate Up to 1.4% in July  
In July of 2013, South Korean inflation rate increased to a 5-month high of 1.4 percent, due to a rise in prices of agricultural and fishery goods and transport cost. From the preceding month, prices accelerated 0.2 percent, up from a 0.1 percent drop in June.
Thursday August 15 2013
South Korean Growth Momentum May Not Hold in Q3  
In Q2 of 2013, South Korean GDP growth beat market expectations as government stimulus measures boosted consumption and construction investment. Yet, this expansion may not hold much longer as rise in consumer spending may not be enough to offset still weak industrial sector.
Thursday July 25 2013
South Korea GDP Expands 2.3% YoY in Q2  
In the second quarter of 2013, South Korea GDP increased 2.3 percent year-on-year, up from 1.5 percent growth in the previous quarter and beating market expectations. The expansion was boosted by a recovery in exports, consumption and construction.
Thursday July 25 2013
South Korea GDP Expands 1.1% in Q2  
South Korea's economy grew by a seasonally adjusted 1.1 percent in the second quarter of 2013 over the previous three months, the strongest quarterly expansion since the first quarter of 2011.
Thursday July 11 2013
South Korean Monetary Policy Unchanged in July  
The Monetary Policy Committee of the Bank of Korea decided on July 11th to leave the Base Rate unchanged at 2.50 percent, citing the tapering off US quantitative easing and weak domestic demand as downside risks to growth.
Wednesday July 10 2013
South Korea Unemployment Rate Steady at 3.2% in June  
In South Korea, seasonally adjusted unemployment rate remained unchanged at 3.2 percent in June, as job creation accelerated, led by the services sector.
Monday July 15 2013
South Korea Trade Surplus Widens in June Over a Year Earlier  
In June of 2013, South Korean trade surplus increased to 5.9 billion USD, from 5.1 billion USD a year earlier as exports declined less than imports.
Monday July 01 2013
South Korea Inflation Rate Steady at 1% in June  
In June of 2013, South Korean inflation rate decreased 0.1 percent from the preceding month and rose 1.0 percent from June of 2012, mainly due to a fall in prices of agricultural and fishery goods.
Thursday June 13 2013
Bank of Korea Keeps The Base Rate at 2.50%  
The Monetary Policy Committee of the Bank of Korea decided on June 13th to leave the Base Rate unchanged at 2.50 percent as the Committee considers inflation will remain low.
Wednesday June 12 2013
South Korea Unemployment Rate Slightly Increases to 3.2% in May  
In South Korea, seasonally adjusted unemployment rate inched up marginally to 3.2 percent in May, as job gains in the manufacturing industry slowed down. This compares with a jobless rate of 3.1 percent in the previous month and 3.3 percent a year earlier.
Tuesday July 23 2013
South Korea Growth Outlook Remains Weak  
Recent data updates for South Korea are pointing to a slower growth in the months ahead. Although domestic consumption is likely to support expansion as consumer confidence is on the rise and inflation is declining; industrial production and exports may decrease further, given still weak global demand.
Friday June 07 2013
South Korea GDP Growth Unchanged at 1.5% YoY in Q1  
In the first quarter of 2013, South Korean GDP expanded by 1.5 percent year-on-year, unchanged from the advance estimate released in late April by The Bank of Korea.
Friday June 07 2013
South Korea GDP Growth Revised Down to 0.8% QoQ in Q1  
In the first quarter of 2013, South Korean GDP grew a seasonally adjusted 0.8 percent quarter-on-quarter, up from the 0.3 percent gain in the last three months of 2012, according to preliminary estimates released by The Bank of Korea. The latest figure, the strongest in a year, is slightly lower than the advance GDP estimates in April of 0.9 percent quarterly growth for the first quarter. Private consumption, investment and exports were slightly revised down from April's preliminary reading.
Monday June 03 2013
South Korean Inflation Rate Slows to 13-Year Low in May  
In South Korea, the Consumer Price Index was unchanged from the preceding month and rose 1.0 percent from May 2012. The inflation rate decreased 0.2 pp from the previous month and was at its lowest level since 0.8 percent in September 1999.
Friday June 14 2013
South Korea Reports the Highest Trade Surplus in Nearly 3 Years  
South Korea's trade surplus increased to 5.9B USD in May of 2013, from 2.4B USD in the previous month. The sharp growth came as exports expanded on the back of surge in smartphone shipments and higher demand from the US and China.
Wednesday May 15 2013
South Korea Unemployment Rate Down to 3.1% in April  
In South Korea, the seasonally adjusted unemployment rate fell to 3.1 percent in April of 2013, from 3.2 percent in the previous month, mainly due to creation of new jobs in the manufacturing and service sectors.
Thursday May 09 2013
Bank of Korea Cuts the Base Rate to 2.50%  
The Monetary Policy Committee of the Bank of Korea decided on May 9th to lower the Base Rate by 25 basis points from 2.75 percent to 2.50 percent.
Thursday May 02 2013
South Korea Trade Surplus Narrows in April  
In April of 2013, South Korea recorded a trade surplus of 2.6 billion USD, down from 3.3 billion USD recorded in March, as exports dropped by 2.4 percent over the previous month. Year-on- year, exports rose for the second month in a row.
Thursday May 02 2013
South Korea Inflation Rate Down to 1.2% in April  
In South Korea, the year-on-year inflation rate slowed to 1.2 percent from 1.3 percent recorded in March due to falling oil and vegetable prices. Inflation stayed comfortably below the Central Bank of Korea's target range of 2.5-3.5 percent, leaving room for further monetary easing to spur growth.
Thursday April 25 2013
South Korea GDP Expands 1.5% YoY in Q1 2013  
In the first quarter of 2013, South Korea real GDP grew by 1.5 percent over the previous year. Advance estimates released by The Bank of Korea showed that gross fixed capital formation contracted by 4.5 percent while exports rose by 3.6 percent.
Thursday April 25 2013
South Korea GDP Expands 0.9% QoQ in Q1 2013  
In the first quarter of 2013, South Korea real GDP grew by 0.9 percent from the previous quarter, according to advance estimates released by The Bank of Korea. Private consumption declined by 0.3 percent while exports grew by 3.2 percent.
Thursday April 11 2013
South Korea Monetary Policy Unchanged in April  
The Monetary Policy Committee of The Bank of Korea decided on April 11th to leave the Base Rate unchanged at 2.75% for the intermeeting period.
Wednesday April 10 2013
South Korea Unemployment Rate Down in March  
In South Korea, the seasonally adjusted unemployment rate fell to 3.2 percent in March of 2013, from 3.5 percent in the previous month, as several job seekers left the market for further education or stopped looking for work.
Tuesday April 02 2013
South Korea Trade Surplus Widens in March  
South Korea posted a $3.36 billion trade surplus in March of 2013. While exports posted a slight gain on the back of strong demand from emerging economies and robust sales of IT products, imports declined mainly due to a sharp fall in consumer goods. The country's trade balance has been in surplus since February of 2012.
Wednesday April 03 2013
South Korea Inflation Rate Slows in March to 1.3%  
In South Korea, the year-on-year inflation rate slowed to 1.3 percent in March of 2013, well below the central bank’s expectations, mainly due to a slight increase in food prices and a decline in prices of transport, furnishings and miscellaneous goods and services.
Monday June 03 2013
South Korean Economy Seems to Be Recovering  
After a meager growth in the last quarter of 2012, South Korean economy seems to be gaining some growth momentum, as exports are offsetting weak private consumption.
Thursday March 14 2013
South Korea Monetary Policy Unchanged in March  
The Monetary Policy Committee of The Bank of Korea decided on March 14th to leave the Base Rate unchanged at 2.75% for the intermeeting period.
Wednesday March 13 2013
South Korea Unemployment Rate Up to 3.5% in February  
In South Korea, the unemployment rate rose to 3.5 percent (seasonally adjusted) in February of 2013, from 3.2 percent in the previous month. It is the highest value recorded since February of 2012, mainly due to an increase in job-searching activity by college graduates after graduation in February.
Thursday March 07 2013
South Korea Trade Surplus Widens in February  
South Korea posted a $2.06 billion trade surplus for the 13th straight month in February. Exports were down 8.6 percent to $42.32 billion year-on-year due to the Lunar New Year holiday and imports fell by a wider margin of 10.7 percent to $40.26 billion.
Monday March 04 2013
South Korea Inflation Down to 1.4% in February  
In South Korea, the inflation rate slowed to 1.4 percent in February of 2013, well below the central bank’s expectations, mainly due to a slightly increase in food prices and a decrease in prices of miscellaneous services.
Thursday February 14 2013
South Korea Monetary Policy Remains Unchanged in February  
The Monetary Policy Committee of the Bank of Korea decided to leave the Base Rate unchanged at 2.75 percent for the intermeeting period.
Wednesday February 13 2013
South Korea Unemployment Rate Increases in January  
In South Korea, the unemployment rate increased to 3.2 percent (seasonally adjusted) in January of 2013, from 3 percent in the previous month.
Friday February 08 2013
South Korea Trade Surplus Narrows in January  
South Korea recorded a $870 million trade surplus in January, which represents a month-over-month decrease of 5.2 percent but a an increase of 3.6 percent from the same month of the previous year.
Monday February 04 2013
South Korea Inflation Up to 1.5 Percent in January  
The Consumer Price Index was 107.3 (2010=100) in January 2013. The index increased 0.6 percent from the preceding month and rose 1.5 percent from January 2012.
Tuesday March 26 2013
South Korea GDP Expands 0.3% in Q4  
The Gross Domestic Product grew by 0.3 percent quarter-on-quarter in the fourth quarter of 2012. GDP increased by 1.5 percent year-on-year in the last quarter of 2012. South Korea GDP rose by 2.0 percent in 2012.
Monday January 21 2013
South Korea Trade Surplus Narrows in December  
South Korea recorded a $2.0 billion surplus in December, with exports declining 5.5 percent to $45.1 billion and imports falling 5.3 percent to $43.1 billion.
Monday January 21 2013
South Korea unemployment rate increases to 2.9 percent in December  
The number of unemployed persons totaled 737 thousand people in December, which decreased 18 thousand persons or 2.3 percent year-on-year. The unemployment rate marked 2.9 percent in December, down 0.1% year-on-year.
Monday January 21 2013
South Korea keeps monetary policy unchanged  
The Monetary Policy Committee of the Bank of Korea decided today to leave the Base Rate unchanged at 2.75% for the intermeeting period.
Monday January 21 2013
South Korea inflation down to 1.4 percent in December  
The Consumer Price Index in 2012 was 106.3(2010=100), up 2.2 percent from the previous year. The Consumer Price Index was 106.7(2010=100) in December 2012. The index increased 0.2 percent from the preceding month and rose 1.4 percent from December 2011.
Friday December 14 2012
South Korea Trade Surplus Widens in November  
South Korea's trade surplus totaled $4.5 billion, up from $3.7 billion in October. Despite unfavorable economic conditions, both exports and imports continued their upward trend.
Friday December 14 2012
South Korea Inflation Down to 1.6 Percent in November  
The Consumer Price Index was 106.5 (2010=100) in November 2012. The index decreased 0.4 percent from the preceding month and rose 1.6 percent from November 2011.
Friday December 14 2012
South Korea GDP Expands by 0.1 Percent in Q3  
Real gross domestic product (chained volume measure of GDP) grew by 0.1 percent quarter-on-quarter in the third quarter of 2012. Real GDP (chained volume measure of GDP) increased by 1.5 percent year-on-year in the third quarter of 2012.
Thursday December 13 2012
South Korea Keeps Monetary Policy Unchanged  
The Monetary Policy Committee of the Bank of Korea decided on December 13 to leave the Base Rate unchanged at 2.75 percent for the intermeeting period.
Wednesday December 12 2012
South Korea Unemployment Rate Stable at 2.8 Percent in November  
The number of unemployed persons totaled 710 thousand people in November, which decreased 19 thousand persons or 2.6 percent year-on-year. The unemployment rate marked 2.8 percent in November, down 0.1 percent year-on-year.
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