Markets Actual Q2/23 Q3/23 Q4/23 Q1/24
Currency 1305.83 1330 1354 1379 1405
Stock Market (points) 2615.41 2527 2454 2384 2315
Government Bond 10Y (%) 3.56 3.58 3.67 3.76 3.86

Overview Actual Q2/23 Q3/23 Q4/23 Q1/24
GDP Growth Rate (%) 0.30 0.5 0.6 0.6 0.2
GDP Annual Growth Rate (%) 0.90 3 1.2 2.7 1.6
Unemployment Rate (%) 2.60 2.8 2.6 3.2 2.8
Inflation Rate (%) 3.30 3.2 3.3 3.2 3.5
Inflation Rate MoM (%) 0.30 -0.2 0.2 0.7 0.7
Interest Rate (%) 3.50 3.5 3.5 3.5 3.25
Balance of Trade (USD Million) -2100.00 -5500 -2000 6000 3000
Current Account (USD Million) 270.00 2800 5500 7900 7400
Business Confidence (points) 73.00 80 85 80 75
Manufacturing PMI (points) 48.40 50 51 50 52
Consumer Confidence (points) 98.00 90 95 105 100
Retail Sales MoM (%) -2.30 -0.6 1 0.8 0.2
Current Account to GDP (% of GDP) 3.20 3.5
Government Debt to GDP (% of GDP) 49.60 53
Government Budget (% of GDP) -7.00 -2.9

GDP Actual Q2/23 Q3/23 Q4/23 Q1/24
GDP Growth Rate (%) 0.30 0.5 0.6 0.6 0.2
GDP Annual Growth Rate (%) 0.90 3 1.2 2.7 1.6
GDP Constant Prices (KRW Billion) 494206.10 507714 500007 505881 502113
Gross National Product (KRW Billion) 457232.90 481713 473176 503679 464549
Gross Fixed Capital Formation (KRW Billion) 145143.20 145034 146965 150056 147465
GDP from Agriculture (KRW Billion) 7752.50 8175 8263 8496 7877
GDP from Construction (KRW Billion) 23083.10 21955 22031 23013 23452
GDP from Manufacturing (KRW Billion) 128710.40 136983 133745 130427 130770
GDP from Mining (KRW Billion) 476.90 463 490 461 485
GDP from Public Administration (KRW Billion) 30417.60 30421 30245 31239 30904
GDP from Services (KRW Billion) 284494.40 288096 284759 292244 289046
GDP from Transport (KRW Billion) 15253.90 15990 15592 16294 15498
GDP from Utilities (KRW Billion) 11834.90 12607 12356 12557 12024
GDP (USD Billion) 1798.53 1780
GDP per Capita (USD) 32730.65 33254
GDP per Capita PPP (USD) 44116.01 44822
Full Year GDP Growth (%) 2.60 1.6

Labour Actual Q2/23 Q3/23 Q4/23 Q1/24
Unemployment Rate (%) 2.60 2.8 2.6 3.2 2.8
Employed Persons (Thousand ) 28420.00 28600 28500 28200 28300
Unemployed Persons (Thousand ) 759.00 820 810 930 770
Labor Force Participation Rate (%) 64.40 64.5 64 64.2 64
Wages (KRW/Month) 4576213.00 4151000 4689000 4551000 4551000
Wages in Manufacturing (KRW/Month) 5359607.00 4491000 4951000 5042000 5042000
Youth Unemployment Rate (%) 6.50 6.5 5 5.5 5.5
Minimum Wages (KRW/Hour) 9620.00 9620
Population (Million) 51.63 51.6

Prices Actual Q2/23 Q3/23 Q4/23 Q1/24
Inflation Rate (%) 3.30 3.2 3.3 3.2 3.5
Inflation Rate MoM (%) 0.30 -0.2 0.2 0.7 0.7
Consumer Price Index CPI (points) 111.13 112 113 113 114
Core Consumer Prices (points) 110.30 110 111 111 112
Core Inflation Rate (%) 4.32 3.8 3.4 3 2.7
GDP Deflator (points) 110.94 113 114 112 115
Producer Prices (points) 120.51 123 124 124 124
Producer Prices Change (%) 1.60 2.1 3.5 3.5 3.2
Export Prices (points) 117.92 130 131 121 120
Import Prices (points) 139.81 153 154 140 142
Food Inflation (%) 3.87 4.5 4 3.8 3.1
Import Prices YoY (%) -5.80 -1 -0.6 1.2 2
Producer Price Inflation MoM (%) -0.10 0.1 0.2 -0.3 0.2
Export Prices YoY (%) -7.50 -1.8 -0.2 2.3 2
CPI Housing Utilities (points) 112.76 110 112 114 116
CPI Transportation (points) 111.58 111 112 112 113

Money Actual Q2/23 Q3/23 Q4/23 Q1/24
Interest Rate (%) 3.50 3.5 3.5 3.5 3.25
Interbank Rate (%) 3.78 3.78 3.78 3.78 3.53
Loans to Private Sector (KRW Hundred Million) 11967205.00 11589518 11693263 12019130 12082967
Deposit Interest Rate (%) 3.72 3.72 3.72 3.72 3.47
Central Bank Balance Sheet (KRW Billion) 590520.00 580000 575000 575000 575000
Private Debt to GDP (%) 281.73 277

Trade Actual Q2/23 Q3/23 Q4/23 Q1/24
Balance of Trade (USD Million) -2100.00 -5500 -2000 6000 3000
Current Account (USD Million) 270.00 2800 5500 7900 7400
Imports (USD Million) 54343.00 55000 50000 45000 49000
Exports (USD Million) 52240.00 49500 48000 51000 52000
Current Account to GDP (% of GDP) 3.20 3.5

Government Actual Q2/23 Q3/23 Q4/23 Q1/24
Government Spending (KRW Billion) 90001.40 89912 88441 92020 91441
Government Debt to GDP (% of GDP) 49.60 53
Government Budget (% of GDP) -7.00 -2.9

Business Actual Q2/23 Q3/23 Q4/23 Q1/24
Business Confidence (points) 73.00 80 85 80 75
Manufacturing PMI (points) 48.40 50 51 50 52
Industrial Production (%) -8.90 4.2 3.5 6.5 3.2
Industrial Production Mom (%) -1.20 1 1.5 1.5 0.7
Manufacturing Production (%) -8.98 -3.2 -0.8 2.5 3.6
Capacity Utilization (points) 99.10 100 101 101 101
Bankruptcies (Companies) 19.00 15 10 25 30
Car Registrations (Units) 127877.00 120500 112000 140000 135000
Car Production (units) 347707.00 320000 315000 310000 330000

Consumer Actual Q2/23 Q3/23 Q4/23 Q1/24
Consumer Confidence (points) 98.00 90 95 105 100
Retail Sales MoM (%) -2.30 -0.6 1 0.8 0.2
Retail Sales YoY (%) -0.80 2.8 3 4.2 2.1
Consumer Spending (KRW Billion) 233897.50 237353 237483 239378 237640
Consumer Credit (KRW Billion) 1853899.80 1925438 1893061 1917439 1883562
Bank Lending Rate (%) 5.01 5.01 5.01 5.01 4.76
Gasoline Prices (USD/Liter) 1.21 1.25 1.29 1.33 1.37
Households Debt to GDP (% of GDP) 105.30 106 106 106 107
Disposable Personal Income (KRW Billion) 2176651.80 2235421

Housing Actual Q2/23 Q3/23 Q4/23 Q1/24
Housing Index (points) 93.80 95 95.2 95.5 96
Construction Output (%) 14.00 2.5 3 2.5 1.5