South Korea Economic Calendar
Economy of South Korea
South Korea has gone through one of the most significant economic revolutions in the last 60 years. Given its small geographical area, scarcity of natural resources, and population number, it is a highly developed mixed economy. During the global financial crisis, it was one of the few developed nations that avoided a recession.
Today it is the tenth-largest economy in the world and the fourth largest in Asia.
The service sector is the largest and fastest growing economic sector, followed by industry, which includes textile, steel, automobile manufacture, shipbuilding, and electronics.
Moreover, during the last several years, the country has seen both a surge in high technology and economic expansion as a result of the significant investment made in the educational system.
South Korea is well known for its plutocracy (chaebol) structure, a business conglomerate system that builds global multinational corporations with massive international operations that are owned and/or administered by the same family dynasty.
Bank of South Korea
The Korean Republic Won is South Korea's official currency and is issued by the central bank, the Bank of Korea (BOK), which is also responsible for pursuing price stability and implementing it through adjustments to its reference interest rate, the Base Rate.
Interest Rate of South Korea
The Bank of Korea Base Rate is the official Interest Rate in Korea which is determined by the Monetary Policy Committee of the Bank of Korea (BOK).
South Korea Economic Calendar
|
Date
|
Time left
|
Event
|
Impact
|
Previous
|
Consensus
|
Actual
|
|||
|---|---|---|---|---|---|---|---|---|---|
|
Monday, Nov 25, 2024
|
|||||||||
|
Nov 25, 05:00
|
3 days
|
KRW | 5-Year KTB Auction |
Low
|
2.995% | ||||
|
Nov 25, 21:00
|
4 days
|
KRW | Consumer Confidence (Nov) |
Medium
|
101.7 |
102.2
|
|||
|
Tuesday, Nov 26, 2024
|
|||||||||
|
Nov 26, 21:00
|
5 days
|
KRW | Business Confidence (Nov) |
Medium
|
69 |
71
|
|||
|
Thursday, Nov 28, 2024
|
|||||||||
|
Nov 28, 01:00
|
6 days
|
KRW | Interest Rate Decision |
Medium
|
3.25% | ||||
|
Nov 28, 23:00
|
7 days
|
KRW | Industrial Production YoY (Oct) |
Low
|
-1.3% | ||||
|
Nov 28, 23:00
|
7 days
|
KRW | Industrial Production MoM (Oct) |
Low
|
-0.2% | ||||
|
Nov 28, 23:00
|
7 days
|
KRW | Retail Sales MoM (Oct) |
Low
|
-0.4% | ||||
|
Sunday, Dec 01, 2024
|
|||||||||
|
Dec 01, 00:00
|
9 days
|
KRW | Exports YoY (Nov) |
Medium
|
4.6% | ||||
|
Dec 01, 00:00
|
9 days
|
KRW | Imports YoY (Nov) |
Low
|
1.7% | ||||
|
Dec 01, 00:00
|
9 days
|
KRW | Balance of Trade (Nov) |
Low
|
$3.17B | ||||
|
Monday, Dec 02, 2024
|
|||||||||
|
Dec 02, 00:30
|
10 days
|
KRW | S&P Global Manufacturing PMI (Nov) |
Medium
|
|||||
|
Dec 02, 23:00
|
11 days
|
KRW | Inflation Rate MoM (Nov) |
Low
|
|||||
|
Dec 02, 23:00
|
11 days
|
KRW | Inflation Rate YoY (Nov) |
Medium
|
|||||
|
Tuesday, Dec 03, 2024
|
|||||||||
|
Dec 03, 21:00
|
12 days
|
KRW | Foreign Exchange Reserves (Nov) |
Low
|
$415.7B |
$417B
|
|||
|
Wednesday, Dec 04, 2024
|
|||||||||
|
Dec 04, 23:00
|
13 days
|
KRW | GDP Growth Rate QoQ (Q3) |
Medium
|
|||||
|
Dec 04, 23:00
|
13 days
|
KRW | GDP Growth Rate YoY (Q3) |
Medium
|
2.5
|
||||
|
Tuesday, Dec 10, 2024
|
|||||||||
|
Dec 10, 23:00
|
19 days
|
KRW | Unemployment Rate (Nov) |
Medium
|
|||||
|
Thursday, Dec 12, 2024
|
|||||||||
|
Dec 12, 21:00
|
21 days
|
KRW | Export Prices YoY (Nov) |
Low
|
|||||
|
Dec 12, 21:00
|
21 days
|
KRW | Import Prices YoY (Nov) |
Low
|
|||||
|
Thursday, Dec 19, 2024
|
|||||||||
|
Dec 19, 21:00
|
28 days
|
KRW | PPI YoY (Nov) |
Low
|
|||||
|
Dec 19, 21:00
|
28 days
|
KRW | PPI MoM (Nov) |
Low
|
|||||
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