韩国主要经济指标分析报告-外文版培训课件2024.7temu

POLITICS

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SOCIETYKeyeconomicindicatorsofSouthKoreaCHAPTER

01NationalaccountsSouthKorea:Grossdomesticproduct(GDP)incurrentpricesfrom1987to2029(inbillionU.S.dollars)Grossdomesticproduct(GDP)inSouthKorea20292,5002,0001,5001,00050004Description:Thestatisticshowsgrossdomesticproduct(GDP)ofSouthKoreafrom1987to2023,withprojectionsupuntil2029.GDPorgrossdomesticproductisthesumofallgoodsandservicesproducedinacountryinayear;itisastrongindicatorofeconomicstrength.In2023,SouthKorea'sGDPwasaround1.71trillionU.S.dollars.SeeglobalGDPforaglobalcomparison.ReadmoreNote(s):SouthKorea;*Estimate.Thevalueshavebeenroundedtoprovideabetterunderstandingofthestatistic.ReadmoreSource(s):IMFSouthKorea:Grossdomesticproduct(GDP)percapitaincurrentpricesfrom1989to2029(inU.S.dollars)Grossdomesticproduct(GDP)percapitainSouthKorea202945,00040,00035,00030,00025,00020,00015,00010,0005,00005Description:Thegrossdomesticproduct(GDP)percapitainSouthKoreawasforecasttocontinuouslyincreasebetween2024and2029byintotal8,161.2U.S.dollars(+23.89percent).Aftertheseventhconsecutiveincreasingyear,theGDPpercapitaisestimatedtoreach42,326.2U.S.dollarsandthereforeanewpeakin2029.ReadmoreNote(s):SouthKorea;1989to2029;*Estimate.Thevalueshavebeenroundedtoprovideabetterunderstandingofthestatistic.ReadmoreSource(s):IMFSouthKorea:Growthofrealgrossdomesticproduct(GDP)from1954to2023,withprojectionsuntil2029(comparedtothepreviousyear)Grossdomesticproduct(GDP)growthinSouthKorea1954-202920%15%10%5%0%-5%-10%6Description:Thestatisticshowsthegrowthoftherealgrossdomesticproduct(GDP)inSouthKoreafrom1954to2023,withprojectionsupuntil2029.GDPisthetotalvalueofallgoodsandservicesproducedinacountryinayear.Itisconsideredtobeaveryimportantindicatoroftheeconomicstrengthofacountryandachangeinitisasignofeconomicgrowth.In2023,therealGDPinSouthKoreagrewbyabout1.36percentcomparedtothepreviousyear.

ReadmoreNote(s):SouthKorea;2019to2023;*Estimate.Thisstatisticiscompiledfromtwodifferentsources.Figuresforyears1954-1979comefromtheBankofKorea,whilefiguresforyears1980-2028comefromtheInternationalMonetaryFund.

ReadmoreSource(s):BankofKorea;IMFQuarterlygrowthofgrossdomesticproduct(GDP)inSouthKoreafrom1stquarter1996to1stquarter2024QuarterlyGDPgrowthSouthKoreaQ11996-Q1202415%10%5%0%-5%-10%7/statistics/1304909/south-korea-quarterly-gdp-growthInthefirstquarterof2024,SouthKorea'srealgrossdomesticproduct(GDP)increasedby3.3percentyear-on-year.SouthKorea'seconomyrecordednegativegrowthfollowingtheoutbreakoftheCOVID-19pandemicbutrecoveredquicklythereafter.ReadmoreNote(s):SouthKorea;Q11996toQ12024;realGDPgrowthSource(s):BankofKorea;StatisticsKoreaDistributionofgrossdomesticproduct(GDP)inSouthKoreafrom1953to2023,byeconomicsectorGDPdistributionSouthKorea1953-2023,byeconomicsectorAgriculture,forestry,andfishing1%ManufacturingElectricity,gas,andwatersupplyConstructionServices0.9%0.8%0.7%0.6%0.5%0.4%0.3%0.2%0.1%0%8Description:In2023,theservicesectoraccountedforabout63.8percentofSouthKorea'sgrossdomesticproduct(GDP),whilemanufacturingcontributedabout26.5percent.AftertheKoreanWar(1950-1953),SouthKoreaachievedimpressiveeconomicgrowthbasedlargelyonthecontributionofthemanufacturingsector.ReadmoreNote(s):SouthKorea;1953to2023;basedonnominalGDPSource(s):BankofKorea;KOSISRealgrossdomesticproduct(GDP)ofSouthKoreain2023,byinudstry(intrillionSouthKoreanwon)GDPSouthKorea2023,byinudstryGDPintrillionSouthKoreanwon1000200300400500600Manufacturing530.82Wholesaleandretailtrade;accommodationandfoodserviceactivitiesBusinessactivities179.99171.14RealestateFinanceandinsurancePublicadministrationanddefence;compulsorysocialsecurityHumanhealthandsocialworkactivitiesInformationandcommunicationEducation141.49123.77121.64102.7994.8694.5289.46ConstructionTransportation68.546.4943.6431.95Electricity,gas,andwatersupplyCulturalandotherservicesAgriculture,forestry,andfishingMiningandquarrying1.859Description:In2023,thegrossdomesticproduct(GDP)producedfromthemanufacturingsectorinSouthKoreaamountedtoapproximately530.8trillionSouthKoreanwon,beingthemostvaluablesectorbyfarcomparedtoothersectorsofthecountry.ꢀHowever,ifallserviceindustrysectorswereaddedtogether,thevaluewouldbeover1,000trillionwon,makingitthemostvaluablesectorinSouthKorea.ReadmoreNote(s):SouthKorea;2023;realGDPSource(s):BankofKorea;KOSISGrossdomesticproduct(GDP)ofSouthKoreain2022,byprovince(intrillionSouthKoreanwon)Grossregionaldomesticproduct(GRDP)SouthKorea2022,byprovinceGRDPintrillionSouthKoreanwon3000100200400500600GyeonggiSeoul546.82485.75ChungnamGyeongnamGyeongbukIncheonBusanJeonnamUlsanChungbukDaegu128.49120.06115.34104.5104.390.9586.2679.4263.1957.7952.53JeonbukGangwon10Description:In2022,thegrossregionalproductofSouthKorea'sGyeonggiProvinceamountedtoabout547trillionSouthKoreanwon,followedbythecapitalSeoulwitharound486trillionwon.GyeonggiandSeoulaccountedforalmost50percentofSouthKorea'sgrossdomesticproduct(GDP)thatyear.ReadmoreNote(s):SouthKorea;2022;nominalGDPatcurrentpricesSource(s):StatisticsKoreaCHAPTER

02ConsumerpricesConsumerpriceindex(CPI)inSouthKoreafrom2000to2023ConsumerpriceindexinSouthKorea2000-2023115105111.6107.7102.510099.599.197.695.894.994.293958575655591.889.986.483.981.77876.174.472.469.967.565.763.22000

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202312Description:In2023,theconsumerpriceindex(CPI)inSouthKoreawas111.6points.TheCPIhasincreasedsteadilyinrecentyears,especiallysince2021.ReadmoreNote(s):SouthKorea;2000to2023;baseyear2020=100Source(s):StatisticsKoreaSouthKorea:Inflationratefrom1987to2029(comparedtothepreviousyear)InflationrateinSouthKorea202910.0%9.0%8.0%7.0%6.0%5.0%4.0%3.0%2.0%1.0%0.0%13Description:ThisstatisticshowstheaverageinflationrateinSouthKoreafrom1987to2023,withprojectionsupuntil2029.In2023,theaverageinflationrateinSouthKoreaamountedtoabout3.59percentcomparedtothepreviousyear.Forfurtherinfo,seetheSouthKoreanGDP.ReadmoreNote(s):*Estimate.Figureshavebeenrounded.ReadmoreSource(s):IMFMonthlyconsumerpriceinflationrateinSouthKoreafromJanuary2019toMarch2024MonthlyinflationrateSouthKorea2019-20247.0%6.0%5.0%4.0%3.0%2.0%1.0%0.0%-1.0%14Description:InMay2024,consumerpricesinSouthKoreahadincreasedbyabout2.7percentcomparedtothesamemonthofthepreviousyear.Consumerpriceinflationhitadecade-highinJuly2022.

ReadmoreNote(s):SouthKorea;January2019toMay2024;comparedtothesamemonthofthepreviousyearSource(s):KOSIS;StatisticsKoreaInflationratefortheConsumerPriceIndex(CPI)inSouthKoreafrom1986to2023,byitemcategoryCPIinflationrateSouthKorea1986-2023,byitemcategoryAgriculturalandmarineproducts20%IndustrialproductsRentPublicservicesPersonalservices15%10%5%0%-5%-10%15Description:In2023,consumerpricesinSouthKoreaincreasedby3.6percentcomparedtothepreviousyear.Personalservicesexperiencedthehighestpriceincreaseatabout4.8percent.

ReadmoreNote(s):SouthKorea;1986to2023;comparedtothepreviousyearSource(s):StatisticsKoreaInflationratefortheConsumerPriceIndex(CPI)inSouthKoreain2023,byitemCPIinflationrateSouthKorea2023,byitemInflationrate-2%-4%0%2%4%6%8%Clothingandfootwear6.7%RestaurantsandhotelsOthergoodsandservices6%5.8%5.5%5.4%Foodandnon-alcoholicbeveragesFurnishings,householdequipment,androutinemaintenanceHousing,water,electricity,gas,andotherfuelsRecreationandculture5%3.7%Education2%1.6%HealthCommunication1%1%AlcoholicbeveragesandtobaccoTransport

-3.4%16Description:In2023,theinflationrateinSouthKoreawasapproximately3.6percent,withtheclothingandfootwearsectorexperiencingthefastestpriceincreaseatabout6.7percent.Pricesroseinmostsectorscomparedtothepreviousyear,exceptforthetransportsector,whichsawpricesfallby3.4percent.ReadmoreNote(s):SouthKorea;2023Source(s):StatisticsKoreaCHAPTER

03EmploymentEconomicallyactivepopulationinSouthKoreafrom2003to2023(inmillions)EconomicallyactivepopulationSouthKorea2003-2023353025201510502003

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202318/statistics/757192/south-korea-economically-active-populationIn2023,theeconomicallyactivepopulationinSouthKorea,whichistheportionofthepopulationthatwaseitheremployedoractivelyseekingemployment,amountedtoapproximately29millionpeople,upfromabout28.9millioninthepreviousyear.ReadmoreNote(s):SouthKorea;2003to2023;15yearsandolderSource(s):KOSIS;StatisticsKoreaLaborforceparticipationrateinSouthKoreafrom2000to2023,bygenderLaborforceparticipationrateSouthKorea2000-2023,bygenderMenWomen0.8%0.7%0.6%0.5%0.4%0.3%0.2%0.1%0%2000

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202319Description:In2023,thelaborforceparticipationrateofmeninSouthKoreawas73.3percent,whilethatforwomenwas55.6percent.AlthoughthefemalelaborforceparticipationrateinSouthKoreahasrisensteadilyoverthelastfewyears,itisstillfarbelowtheaverageofthemembercountriesoftheOrganizationforEconomicCo-operationandDevelopment(OECD).ReadmoreNote(s):SouthKorea;2000to2023;15yearsandolderSource(s):KOSIS;StatisticsKoreaEmploymentrateinSouthKoreafrom2000to2023EmploymentrateSouthKorea2000-202370.5%69.5%68.5%67.5%66.5%65.5%64.5%63.5%62.5%61.5%60.5%2000

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202320Description:In2023,SouthKorea'semploymentratewas69.2percent,upfrom68.5percentinthepreviousyear.Theratehasbeensteadilyincreasing,exceptforadeclinein2020duetotheeconomicimpactoftheCOVID-19outbreak.

ReadmoreNote(s):SouthKorea;2011to2023;15-64yearsSource(s):StatisticsKoreaUnemploymentrateinSouthKoreafrom1990to2023UnemploymentrateSouthKorea1990-20237.5%6.5%5.5%4.5%3.5%2.5%1.5%21Description:In2023,theunemploymentrateinSouthKoreawasapproximately2.7percent,downfromabout2.9percentinthepreviousyear.TheoutbreakoftheCOVID-19pandemichadasignificantimpactontheeconomy,causingtheunemploymentratetoreachitshighestpointsince2000in2020.ReadmoreNote(s):SouthKorea;1990to2023;15yearsandolder;*Figuresupto1999refertotheunemploymentrateofpersonsaged15yearsorolderwhowerewithoutajobandhaveactivelysoughtemploymentduringthelastoneweek.An[...]

ReadmoreSource(s):StatisticsKoreaUnemploymentrateinSouthKoreain2023,byagegroupUnemploymentrateSouthKorea2023,byage0.07%5.9%0.06%0.05%0.04%0.03%0.02%0.01%0%5.5%2.7%2.6%2.6%1.9%1.7%15-19years20-29years30-39years40-49years50-59years60+yearsAverage22Description:In2023,theagegroupof20to29yearsoldexperiencedthehighestunemploymentrateinSouthKorea.Theaverageunemploymentratestoodat2.6percent,markingthelowestrateinthecountry'shistory.

ReadmoreNote(s):SouthKorea;2023Source(s):KOSIS;StatisticsKoreaNumberofpeopleaged15to29yearsNotinEducation,EmploymentorTraining(NEET)inSouthKoreainselectedyearsfrom2015toH12023(in1,000s)NumberofyoungNEETpopulationSouthKorea2015-2023500448450400350300250200150100504253903070201520202022H1202323Description:Inthefirsthalfof2023,themonthlyaveragenumberofpeopleaged15to29whowerenotinEducation,Employment,orTraining(NEET)inSouthKoreawasaround425,000,anincreasefromaround390,000inthepreviousyear.Thenumbersrosetonearly700,000whenincludingthoseintheir30s.ReadmoreNote(s):SouthKorea;2015toH12023;15-29yearsSource(s):AjuBusinessDaily;NationalAssembly(SouthKorea);StatisticsKoreaCHAPTER

04InternationaltradeTradeasashareofgrossdomesticproduct(GDP)inSouthKoreafrom1970to2022TradeasshareofGDPSouthKorea1970-2022115%105%95%85%75%65%55%45%35%25%1970

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202225Description:In2022,SouthKorea'sexportsandimportsofgoodsandservicesaccountedforabout102percentofitsgrossdomesticproduct(GDP).Thiswasupfromabout85.3percentofGDPinthepreviousyear.AftertheKoreanWar(1950-1953),SouthKoreadevelopedintoanexport-orientedcountry,whichwas,amongotherthings,animportantfactorforthecountry'seconomicgrowth.SouthKorea'sshareofimportsandexportsinitsGDPisrelativelyhighcomparedtoothermembercountriesof[...]

ReadmoreNote(s):SouthKorea;1970to2022Source(s):BankofKorea;StatisticsKoreaTradebalanceofSouthKoreafrom1991to2023(inbillionU.S.dollars)TradebalanceSouthKorea1991-2023120100806040200-20-40-6026Description:In2023,SouthKoreaexperiencedatradedeficitamountingtoapproximately10.35billionU.S.dollars,showingamarginalrisefromthepreviousyear'sdeficitofaround47.8billionU.S.dollars.Thetradedeficitin2022wastheworstsincedatacollectionbeganinthe1950s.ReadmoreNote(s):SouthKorea;1991to2023Source(s):BankofKorea;StatisticsKoreaSouthKorea:Exportofgoodsfrom2013to2023(inbillionU.S.dollars)ExportofgoodsfromSouthKorea2023800683.587006005004003002001000644.4632.23604.86572.66573.69559.63542.23526.76512.5495.432013201420152016201720182019202020212022202327Description:ThestatisticshowsthevalueofexportsofgoodsfromSouthKoreafrom2013to2023.In2023,goodswithavalueofaround632.23billionU.S.dollarswereexportedfromSouthKorea.ꢀSouthKorea'sexportsThequantityofexportsfromSouthKoreahasbeenrisingoverthepast10years,withaslightdipin2009,atthetimeoftheeconomiccrisis.SouthKoreaisoneoftheleadingexportersofcarsandelectronicgoods.BothHyundaiandSamsungareSouthKoreancorporate[...]

ReadmoreNote(s):SouthKoreaSource(s):WTOValuedistributionofmajorexportsfromSouthKoreain2023,bycommodityExportvaluesharefromSouthKoreain2023,bycommodityShareofexportvalue0%5%10%15%20%25%30%27.09%ElectricalmachineryandequipmentandpartsthereofVehiclesotherthanrailwayortramway,andpartsandaccessoriesthereofMachinery,mechanicalappliances,nuclearreactors,boilersMineralfuels,mineraloilsandproductsoftheirdistillationPlasticsandarticlesthereof14.52%11.51%8.55%5.54%4.07%3.35%IronandsteelOrganicchemicalsShips,boatsandfloatingstructures3.21%2.67%2.59%Optical,photographicandmedicalinstrumentsInorganicchemicals;organicorinorganiccompoundsofpreciousmetals,ofrare-earthmetals28Description:In2023,theexportvalueofelectricalmachinery,equipment,andrelatedpartsfromSouthKoreaaccountedforapproximately27percentofthecountry'stotalexports,makingittheproductcategorywiththehighestexportshare.Followingwerevehicle-relatedproducts.ReadmoreNote(s):SouthKorea;2023Source(s):KoreaCustomsService;TradeMapMainexportpartnersforSouthKoreain2023(inbillionU.S.dollars)LeadingexportmarketsforSouthKorea2023ExportvalueinbillionU.S.dollarsChinaUnitedStatesVietnamJapan124.82115.753.482925.1920.1818.75HongKongTaiwanSingaporeIndia17.9517.79AustraliaMexico12.2229Description:In2023,SouthKoreaexportedtradegoodstoChinawortharound124.8billionU.S.dollars.FollowingweretheUnitedStateswithaexporttradevaluecloseto116billionU.S.dollars.ReadmoreNote(s):SouthKorea;2023Source(s):KoreaInternationalTradeAssociationSouthKorea:Importofgoodsfrom2013to2023(inbillionU.S.dollars)ImportofgoodstoSouthKorea2023800731.37700642.57615.096005004003002001000535.2525.51515.58503.34478.48467.63436.5406.192013201420152016201720182019202020212022202330Description:ThisstatisticshowsthevalueofgoodsimportedtoSouthKoreafrom2013to2023.In2023,goodsworthapproximately642.57billionU.S.dollarswereimportedtoSouthKorea.

ReadmoreNote(s):SouthKoreaSource(s):WTOValuedistributionofmajorimportstoSouthKoreain2023,bycommodityImportvaluesharetoSouthKoreain2023,bycommodityShareofimportvalue0%5%10%15%20%25%30%26.67%Mineralfuels,mineraloilsandproductsoftheirdistillationElectricalmachineryandequipmentandpartsthereof18.59%Nuclearreactors,boilers,machineryandmechanicalappliances;partsthereofVehiclesotherthanrailwayortramway,andpartsandaccessoriesthereofOptical,photographicandmedicalinstruments9.82%3.44%3.42%3.35%3.07%2.56%2.11%1.98%Inorganicchemicals;organicorinorganiccompoundsofpreciousmetals,ofrare-earthmetals,ofradioactiveelementsorofisotopesOres,slagandashIronandsteelOrganicchemicalsPlasticsandarticlesthereof31Description:In2023,theimportvalueofmineralfuels,mineraloilsandproductsoftheirdistillationmeasuredaround26.67percentoftotalimportsintoSouthKorea.Followingwereelectricalmachineryandequipment,ataroundashareofaround18.6percentintotalimports.ReadmoreNote(s):SouthKorea;2023Source(s):KoreaCustomsService;TradeMapMainimportpartnersforSouthKoreain2023(inbillionU.S.dollars)LeadingimportpartnersofSouthKorea2023ImportvalueinbillionU.S.dollarsChinaUnitedStatesJapan142.8671.2747.66AustraliaSaudiArabiaVietnamTaiwan32.8232.7625.9424.3723.61GermanyUAE16.4215.24Malaysia32Description:In2023,SouthKoreaimportedtradegoodsworthabout142.86billionU.S.dollarsfromChina.TheUnitedStatesfollowedasanimportantpartneratanimportedvalueofroughly71.27U.S.dollars.

ReadmoreNote(s):SouthKorea;2023Source(s):KoreaInternationalTradeAssociationCHAPTER

05InvestmentValueofforeigndirectinvestment(FDI)inflowstoSouthKoreafrom1996to2023(inbillionU.S.dollars)ValueofFDIinflowstoSouthKorea1996-2023353025201510501996

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202334Description:In2023,foreigndirectinvestment(FDI)inflowstoSouthKoreareachedapproximately32.72billionU.S.dollarsbasedonthenotifiedamountofinvestment.DespiteasharpdeclineinFDIduringthefirsthalfof2020duetotheCOVID-19pandemic,therewasaquickrecoveryintheyear'ssecondhalf.Since2015,FDIinflowstoSouthKoreahaveconsistentlyremainedabovethe20billionU.S.dollarmark.WhileglobalFDIexperiencedasignificantdropduringthepandemic,thedecreasein[...]

ReadmoreNote(s):SouthKorea;1996to2023;basedonthenotifiedamountofinvestmentSource(s):MOTIE(SouthKorea);StatisticsKoreaForeigndirectinvestment(FDI)inflowstoSouthKoreain2023,bycountry(inbillionU.S.dollars)FDIinflowstoSouthKorea2023,bycountry181614121015.9586.226.136423.121.30EuropeanUnionUnitedStatesChina,Hongkong,andTaiwanJapanOther35Description:In2023,theEuropeanUnion'sforeigndirectinvestment(FDI)intoSouthKoreareachedapproximately6.22billionU.S.dollars,makingitthelargestcontributoramongallinvestingcountries.TheUnitedStatesfollowedclosely,contributingabout6.13billionU.S.dollarsinFDI.ReadmoreNote(s):SouthKorea;2023Source(s):MOTIE(SouthKorea)Valueofforeigndirectinvestment(FDI)inflowstoSouthKoreafrom1996to2023,byindustry(inbillionU.S.dollars)ValueofFDIinflowstoSouthKorea1996-2023,byindustryManufacturingindustryServiceindustry353025201510501996

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202336Description:In2023,thevalueofforeigndirectinvestment(FDI)inflowstoSouthKorea'sserviceindustryamountedtoapproximately17.8billionU.S.dollarsbasedonthenotifiedamountofinvestment,whilethemanufacturingindustryreceivedaround11.9billiondollars.ReadmoreNote(s):SouthKorea;1996to2023;basedonthenotifiedamountofinvestmentSource(s):MOTIE(SouthKorea);StatisticsKoreaValueofforeigndirectinvestment(FDI)outflowsfromSouthKoreafrom2018to2023(inbillionU.S.dollars)ValueofFDIoutflowsfromSouthKorea2018-2023908081.6576.970605040302010065.4864.4857.3551.4620182019202020212022202337Description:In2023,thevalueofforeigndirectinvestment(FDI)outflowsfromSouthKoreatotaledapproximately64.5billionU.S.dollars,adecreasefromthepreviousyear.FDIoutflowsstartedtoincreasenotablyduringthe2000s.

ReadmoreNote(s):SouthKorea;2018to2023Source(s):KoreaEximbank;MinistryoftheInteriorandSafety(SouthKorea)Foreigndirectinvestment(FDI)outflowsfromSouthKoreainthe1stquarterof2024,byrecipientregion(inbillionU.S.dollars)FDIoutflowfromSouthKoreaQ12024,byrecipientFDIoutflowinbillionU.S.dollars01234567UnitedStatesLuxembourgCaymanIslandsJersey6.121.641.260.93VietnamCanada0.670.63NetherlandsSingaporeOceania0.340.310.270.260.260.26IndonesiaChinaAfricaMexico0.2138Description:Inthefirstquarterof2024,SouthKoreahadaforeigndirectinvestment(FDI)outflowofapproximately6.12billionU.S.dollarstotheUnitedStates,whichwasthehighestamonganycountryorregionthatyear.ThesecondhighestFDIoutflowfromSouthKoreawastoLuxembourg,amountingtoabout1.64billionU.S.dollarsinFDI.ReadmoreNote(s):SouthKorea;Q12024Source(s):KoreaEximbank;MinistryoftheInteriorandSafety(SouthKorea)Foreigndirectinvestment(FDI)outflowsfromSouthKoreainthe1stquarterof2024,byindustry(inbillionU.S.dollars)FDIoutflowfromSouthKoreaQ12024,byindustry65.55432104.052.240.930.63FinanceandinsuranceManufacturingRealestateWholesaleandretailMining39Description:Inthefirstquarterof2024,SouthKorea'sforeigndirectinvestment(FDI)outflowsreachedapproximately5.5billionU.S.dollarsinthefinanceandinsuranceindustry,makingittheleadingsectorforoutwardFDIfromthecountry.Themanufacturingindustryfollowedwithabout4.05billionU.S.dollars.ReadmoreNote(s):SouthKorea;Q12024Source(s):KoreaEximbank;MinistryoftheInteriorandSafety(SouthKorea)CHAPTER

06PublicfinancesGovernmentbudgetbalanceinSouthKoreafrom1970to2023(intrillionSouthKoreanwon)BudgetbalanceSouthKorea1970-20236040200-20-40-60-801970

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202241Description:In2023,SouthKoreareportedagovernmentbudgetdeficitofapproximately36.8trillionSouthKoreanwon.ThefiscaldeficitofSouthKoreaworsenedsignificantlyfollowingtheoutbreakoftheCOVID-19pandemic.ReadmoreNote(s):SouthKorea;1997to2023Source(s):MOEF(SouthKorea);StatisticsKoreaSouthKorea:Budgetbalancebetween2019to2029inrelationtoGDPSouthKorea'sbudgetbalanceinrelationtoGDP20290.01%0.005%0%0.37%0.23%0.23%0.22%0.17%0.13%-0.02%-0.005%-0.01%-0.015%-0.02%-0.025%-0.6%-1.02%2023*-1.6%2022-2.23%2020201920212024*2025*2026*2027*2028*2029*42Description:ThebudgetbalanceinrelationtotheGDPinSouthKoreawasforecasttoincreasebetween2024and2029byintotal0.8percentagepoints.Thisoverallincreasedoesnothappencontinuously,notablynotin2029.Thebudgetbalanceisestimatedtoamountto0.22percentin2029.ReadmoreNote(s):2019to2029;*Estimation.Thevalueshavebeenroundedtoprovideabetterunderstandingofthestatistic.ReadmoreSource(s):IMFNationaldebtofSouthKoreafrom1997to2023,withprojectionsuntil2027(intrillionSouthKoreanwon)NationaldebtofSouthKorea1997-20271,6001,4001,2001,000800600400200043Description:In2023,SouthKorea'snationaldebtreachedapproximately1,134trillionSouthKoreanwon.Thedebthasbeensteadilyincr