Charting South Korea – Charting Economy

Pages

60 pages

Published

October 2021

Update frequency

Quarterly

Format

PDF, Horizontal, Screen friendly

KEY QUESTIONS


Begin With Questions, Not Information

Part of the country’s economic profile, the economic structure section gives readers useful views to understand what matters to the South Korean economy.

KEY QUESTIONS ADDRESSED

  • What is the size of South Korea’s economy in relation to the world’s major economies?
  • What is the size of South Korea’s population?
  • What is the demographic structure of South Korea? Is it favorable for economic growth?
  • How has the structure of South Korea’s GDP changed over the years?
  • How much does South Korea’s economy rely on external trade?
  • What are the key regions for the South Korean economy?
  • How does economic freedom in South Korea compare to others?

Part of the country’s economic profile, this section explores South Korea’s competitiveness at the global level. It also covers the country’s attractiveness to foreign direct investment.

KEY QUESTIONS ADDRESSED

  • How competitive is South Korea?
  • How are South Korea’s competitive factors compared to those of other countries?
  • How is the minimum wage in South Korea compared to others in the region?
  • How has labor productivity in South Korea changed over the years, and in relation to comparable countries?
  • Is it easy to do business in South Korea?
  • How good is South Korea in attracting Foreign Direct Investment?

Part of the country’s economic profile, this section explores South Korea’s economic development, average income, and its distribution, poverty as well as other development indicators.

KEY QUESTIONS ADDRESSED

  • What is the level of income for an average person in South Korea?
  • How has the unemployment rate in South Korea changed over recent years?
  • How is income distributed in South Korea, and how does it compare to others?
  • What is the current level of human development in South Korea?
  • How has the quality of life changed over the years?
  • How many SDG has South Korea achieved to date?

As part of the country’s economic outlook, this section explores South Korea’s recent economic growth, its key drivers as well as the growth outlook for the coming years.

KEY QUESTIONS ADDRESSED

  • What has been the growth rate of South Korea’s economy over the past ten years, and how does it compare with others?
  • What were the key growth drivers for South Korea’s economy in the last year?
  • How much does each sector contribute to the overall growth?
  • What is the GDP growth rate in the latest quarter?
  • What are the latest signals from the leading indicators?
  • What is the growth outlook for South Korea’s economy, and how does it compare with others?

As part of the country’s economic outlook, this section explores South Korea’s macro-economic risks, including inflation, financial sector, budget deficit as well as the balance of payment and exchange rate.

KEY QUESTIONS ADDRESSED

  • What have been the government measures against the Covid-19 crisis?
  • What is the risk of inflation over the next 12 months?
  • What is the latest move on South Korea’s monetary policy?
  • What is the health of South Korea’s banking sector?
  • What has been the trend in South Korea’s fiscal budget deficit?
  • Balance of Payment: Where are the key risks?
  • Does South Korea have enough international reserves to service its debt and for import?
  • What is the FX risk? How has the currency performed compared to others?

From IMF’s World Economic Outlook Report

  • GDP growth
  • Inflation
  • Population
  • Unemployment rate
  • Government budget and debt
  • Current account

Detailed rankings and scores for South Korea and comparable economies.

  • Starting a business
  • Dealing with construction permits
  • Getting electricity
  • Registering property
  • Getting credit
  • Protecting Minority Investors
  • Paying taxes
  • Trading across borders
  • Enforcing contracts
  • Resolving Insolvency

 

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