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South Korea PESTLE Insights - A Macroeconomic Outlook Report

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    Country Profile

  • 45 Pages
  • May 2022
  • Region: South Korea
  • GlobalData
  • ID: 5614861
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South Korea PESTLE Insights - A Macroeconomic Outlook Report


Mining, manufacturing and utilities contributed 29.7% to the gross value added (GVA) in 2021, followed by financial intermediation, real estate and business activities (24.7%), and other services (20%). These sectors are expected to grow by 4.5%, 4.5%, and 4.2% in 2022, respectively, according to the publisher's forecast.

Seoul, Incheon and Busan contributed 31.7% of the country’s GDP and comprised 42% of the country’s population in 2021

The South Korea stock market has been witnessing a decreasing trend. As of March 22, 2022, KOSPI index stood at 2,712.1, compared to 3,035.5 on March 22, 2021.


  • In July 2020, the Korean government announced $135.5 billion investments (2020-25) for Korean New Deal Program

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
  • Economy’s Recovery from COVID-19 Crisis
  • Country Snapshot
  • Political Landscape
  • Economic Landscape
  • Social Landscape
  • Technological Landscape
  • Legal Landscape
  • Environmental Landscape
  • Outlook

List of Figures
Exhibit 1: South Korea’s performance in terms of its country risk analysis in comparison to Latin America and the World
Exhibit 2: Performance overview (Score: 1-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: South Korea stock market (KOSPI index), March 2021- March 2022
Exhibit 5: Key sectors; contribution to the economy (2017-2024f)
Exhibit 6: FDI outflow and inflow (Q1 2020-Q4 2021)
Exhibit 7: Key infrastructure indicators
Exhibit 8: Real GDP and household consumption growth rate (2017-2024f)
Exhibit 9: Real GDP growth rate comparison (2021e)
Exhibit 10: Export, import and trade balance (2017-2024f)
Exhibit 11: Current account balance (2017-2024f)
Exhibit 12: Top three commodity exports, % of total exports, (2018-2021)
Exhibit 13: Electrical machinery and equipment, % of world total, 2020
Exhibit 14: Interest rates (December 2016 - December 2021)
Exhibit 15: Exchange rate and inflation rate (2017-2024f)
Exhibit 16: General government net lending/ borrowing (2017-2024f)
Exhibit 17: General government debt (2017-2024f)
Exhibit 18: Unemployment rate (2017-2024f)
Exhibit 19: Average annual wages (2017-2024f)
Exhibit 20: Labor cost index (2017-2024f)
Exhibit 21: Rural/urban share of total population (1995, 2005, 2015, 2025)
Exhibit 22: Age-group share of total population (1995, 2005, 2015, 2025)
Exhibit 23: Gender split (1995, 2005, 2015, 2025)
Exhibit 24: Internet users as a % of total population, mobile and broadband penetration rates (2021e)
Exhibit 25: Number of patents granted per million people (2020)
Exhibit 26: High technology exports (% of manufactured exports) (2020)
Exhibit 27: Doing business in South Korea 2020
Exhibit 28: Corruption perceptions index (rankings) (2021)
Exhibit 29: Renewable energy, installed capacity (2016-2020)
Exhibit 30: CO2 emissions (2016-2020)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Samsung
  • Hyundai
  • Daewoo
  • KIA Motors