According to the analyst estimates, mining, manufacturing, and utility activities contributed 30% to GVA, followed by financial intermediation, real estate, and business activities (24.4%), and wholesale, retail, and hotels (9.4%) in 2022. The three sectors are forecast to grow by 6.5%, 5.7%, and 3.0%, respectively, in 2023.
Seoul, Busan, and Incheon contributed 31.9% of the country’s GDP and comprised 30.7% of the country’s population in 2022, according to the analyst.
Seoul, Busan, and Incheon contributed 31.9% of the country’s GDP and comprised 30.7% of the country’s population in 2022, according to the analyst.
Key Highlights
The KOSPI exhibited a volatile trend over the past year. As of April 17, 2023, the index stood at 2,495.2, compared to 2,696.1 on April 17, 2022.Scope
- In July 2020, the Korean government announced $135.5 billion in investment (2020-25) for the Korean New Deal Program which aims for a green transition of infrastructure.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- List of Exhibits
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
List of Tables
- Exhibit 1: South Korea’s performance in country risk analysis in comparison to Asia-Pacific and World average
- Exhibit 2: Performance overview (score: 1-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: South Korea’s Stock Exchange Index - KOSPI Index (April 2022-April 2023)
- Exhibit 5: South Korea exchange rate (April 2022-April 2023)
- Exhibit 6: Key sectors’ contribution to the economy
- Exhibit 7: FDI flows (Q1 2021-Q4 2022) and Greenfield investments (2017-21)
- Exhibit 8: Key infrastructure indicators
- Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
- Exhibit 10: Real GDP growth rate comparison (2022e)
- Exhibit 11: Exports and imports growth (2018-25f)
- Exhibit 12: Current account balance (2018-25f)
- Exhibit 13: Top three commodity exports, % of total exports (2019-22)
- Exhibit 14: Electrical machinery and equipment and parts thereof, % share of the world’s total (2022)
- Exhibit 15: Interest rates (April 2018- April 2023)
- Exhibit 16: Exchange rate and inflation (2018-25f)
- Exhibit 17: General government net lending/borrowing (2018-25f)
- Exhibit 18: General government debt (2018-25f)
- Exhibit 19: Employed population and unemployment rate (2018-25f)
- Exhibit 20: Average annual wages (2018-25f)
- Exhibit 21: Labor index cost (2018-25f)
- Exhibit 22: Rural-urban share of total population (1995, 2005, 2015, 2025)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
- Exhibit 26: Number of patents granted per million population (2021)
- Exhibit 27: High technology exports, % of manufactured exports (2021)
- Exhibit 28: Rule of law (rankings), 2022
- Exhibit 29: Corruption perceptions index (rankings) (2022)
- Exhibit 30: Renewable energy capacity (2017-21)
- Exhibit 31: CO2 emissions (2017-21)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Samsung
- Hyundai
- Daewoo
- KIA Motors
