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, Dec 23, 2024
|
|||||||||
|
Dec 23, 05:00
|
1 day
|
KRW | 5-Year KTB Auction |
Low
|
2.815% | ||||
|
Dec 23, 21:00
|
2 days
|
KRW | Consumer Confidence (Dec) |
Medium
|
100.7 |
101
|
|||
|
Tuesday, Dec 24, 2024
|
|||||||||
|
Dec 24, 05:00
|
2 days
|
KRW | 20-Year KTB Auction |
Low
|
2.805% | ||||
|
Wednesday, Dec 25, 2024
|
|||||||||
|
Dec 25, 00:00
|
3 days
|
KRW | Christmas |
None
|
|||||
|
Thursday, Dec 26, 2024
|
|||||||||
|
Dec 26, 21:00
|
5 days
|
KRW | Business Confidence (Dec) |
Medium
|
68 |
67
|
|||
|
Sunday, Dec 29, 2024
|
|||||||||
|
Dec 29, 23:00
|
8 days
|
KRW | Industrial Production MoM (Nov) |
Low
|
0% |
0.3%
|
|||
|
Dec 29, 23:00
|
8 days
|
KRW | Retail Sales MoM (Nov) |
Low
|
-0.4% |
0.3%
|
|||
|
Dec 29, 23:00
|
8 days
|
KRW | Industrial Production YoY (Nov) |
Low
|
6.3% |
3.2%
|
|||
|
Monday, Dec 30, 2024
|
|||||||||
|
Dec 30, 23:00
|
9 days
|
KRW | Inflation Rate MoM (Dec) |
Low
|
-0.3% |
0.3%
|
|||
|
Dec 30, 23:00
|
9 days
|
KRW | Inflation Rate YoY (Dec) |
Medium
|
1.5% |
2.2%
|
|||
|
Tuesday, Dec 31, 2024
|
|||||||||
|
Dec 31, 00:00
|
9 days
|
KRW | New Year's Eve |
None
|
|||||
|
Wednesday, Jan 01, 2025
|
|||||||||
|
Jan 01, 00:00
|
10 days
|
KRW | Imports YoY (Dec) |
Low
|
-2.4% | ||||
|
Jan 01, 00:00
|
10 days
|
KRW | New Year's Day |
None
|
|||||
|
Jan 01, 00:00
|
10 days
|
KRW | Balance of Trade (Dec) |
Low
|
$5.61B |
$3.5B
|
|||
|
Jan 01, 00:00
|
10 days
|
KRW | Exports YoY (Dec) |
Medium
|
1.4% | ||||
|
Thursday, Jan 02, 2025
|
|||||||||
|
Jan 02, 00:30
|
11 days
|
KRW | S&P Global Manufacturing PMI (Dec) |
Medium
|
50.6 |
49
|
|||
|
Friday, Jan 03, 2025
|
|||||||||
|
Jan 03, 21:00
|
13 days
|
KRW | Foreign Exchange Reserves (Dec) |
Low
|
$415.39B |
$415B
|
|||
|
Wednesday, Jan 08, 2025
|
|||||||||
|
Jan 08, 23:00
|
18 days
|
KRW | Current Account (Nov) |
Low
|
|||||
|
Thursday, Jan 09, 2025
|
|||||||||
|
Jan 09, 23:00
|
19 days
|
KRW | Unemployment Rate (Dec) |
Medium
|
3.3
|
||||
|
Wednesday, Jan 15, 2025
|
|||||||||
|
Jan 15, 21:00
|
25 days
|
KRW | Import Prices YoY (Dec) |
Low
|
4.5
|
||||
|
Jan 15, 21:00
|
25 days
|
KRW | Export Prices YoY (Dec) |
Low
|
2.8
|
||||
|
Thursday, Jan 16, 2025
|
|||||||||
|
Jan 16, 01:00
|
25 days
|
KRW | Interest Rate Decision |
Medium
|
|||||
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