openPR Logo
Press release

South Korea PESTLE Analysis & Macroeconomic Trends Market Report Launched from MarketResearchReports.com

01-03-2019 11:08 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketResearchReports.com

South Korea PESTLE Analysis & Macroeconomic Trends Market Research Report

South Korea PESTLE Analysis & Macroeconomic Trends Market Research Report

arketResearchReports.com has announced the addition of “South Korea PESTLE Analysis & Macroeconomic Trends Market Research Report" to their website www.MarketResearchReports.com

South Korea’s economic growth is expected to remain close to 3% through 2020 due to fiscal stimulus increasing employment growth, which is reflected by double-digit hikes in the minimum wage in 2018-19 and restructuring in the manufacturing sector. South Korea’s efforts to stabilise the housing market have led to a decline in construction orders for residential property. Inflation is expected to edge up from 1½ per cent toward the 2% target, while the current account surplus will remain above 5% of GDP.

Improved relation with North Korea is a landmark event that can affect South Korea’s economy positively. However, trade protectionism remains a concern due to intermediate goods accounting for four-fifths of South Korea’s exports to China, its largest trading partner, South Korea is vulnerable to higher import barriers on Chinese exports to the United States.

In World Bank’s ease of doing business ranking South Korea was ranked 5 out of 190 countries in 2018. South Korea’s ease of doing business ranking slipped from 4th position in 2017.

South Korea, officially the Republic of Korea, is a country in East Asia, constituting the southern part of the Korean Peninsula. The name Korea is derived from Goryeo, a dynasty which ruled in the Middle Ages. It shares land borders with North Korea to the north, and oversea borders with China to the west and Japan to the east. South Korea lies in the north temperate zone with a predominantly mountainous terrain. It comprises an estimated 51 million residents distributed over 38,375 square miles.

The capital and largest city is Seoul, with a population of 10 million. South Korea is a presidential republic consisting of 17 administrative divisions and is a developed country with the second highest standard of living in Asia, having an HDI of 0.909. It is Asia's fourth largest economy and the world's 15th (nominal) or 12th, purchasing power parity, largest economy. The economy is export-driven, with production focusing on electronics, automobiles, ships, machinery, petrochemicals and robotics. South Korea is a member of the United Nations, Uniting for Consensus, G20, WTO, and OECD, and a founding member of APEC and the East Asia Summit.

Korea had estimated population of 51.246 million in the year 2016 and expected to reach 52.509 million by 2022. Korea's 26.235 million population was employed in 2016 and the unemployment rate was 3.708% of total labor force.

Korea's real gross domestic product (GDP) was around KRW 1508265 billions in 2016 whereas the nominal GDP was KRW 1637420.80 billions. This resulted in GDP deflator 108.563. Per capita GDP was estimated at USD 27538.81 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 1934.03.

The output gap for Korea in 2016 was negative at 1.4% of the potential GDP. A country's negative output gap indicates that actual economic output is below the economy's full potential.

In 2016, Korean government's revenue was KRW 361750.90 billions whereas the expenditure was KRW 356197 billions. This resulted Korean government's net lending / borrowing at KRW 5553.90 billion in 2016 indicating that enough financial resources were made available by the government to boost economic growth.

The current account balance for Korea was estimated to be at USD 98.677 billions for the year 2016 and is expected to decrease at a CAGR of 0.22% and reach USD 104.339 by 2022. Despite slight decline in the current account balance Korea will still remain net lender to the whole world.

Scope of South Korea – PESTLE Analysis and Macroeconomic Trends Report
- This report provides information about key macroeconomic indicators for South Korea.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for South Korea.

For more information and to purchase South Korea PESTLE Analysis & Macroeconomic Trends Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/south-korea-pestle-analysis-macroeconomic-trends-market-research-report

For more information and Other PESTLE Analysis Market Research Report please visit: https://www.marketresearchreports.com/pestle-analysis

About MarketResearchReports.com
MarketResearchReports.com is world's largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global markets which comprise key industries, leading market players, new products and latest industry analysis & trends.

MarketResearchReports.com
15192 Coastal Hwy,
Lewes, DE 19958, USA
Press Contact:
Mr. Sudeep Chakravarty
Director - Operations
Tel USA: +1-302-703-9904

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release South Korea PESTLE Analysis & Macroeconomic Trends Market Report Launched from MarketResearchReports.com here

News-ID: 1467729 • Views:

More Releases from MarketResearchReports.com

North America Industrial Robotics Market will reach USD 13.01 Billion in terms of robot systems by 2026; Finds New Report
North America Industrial Robotics Market will reach USD 13.01 Billion in terms o …
The revenue of North America industrial robotics market will reach $13.01 billion in terms of robot systems by 2026, representing a 2019-2026 CAGR of 11.67%. The annual shipment is expected to exhibit a CAGR of 16.02% during the same period, advancing to 126.36 thousand units in 2026. Highlighted with 20 tables and 96 figures, this 191-page report “North America Industrial Robotics Market by Subsystem, Robot Type, Function, Component, Configuration, Payload, Industry
Global Shrink Sleeve Labels Market is grow at a CAGR of 8.3% during the forecast …
The Global Shrink Sleeve Labels Market is growing at a CAGR of 8.3% during the forecast period. Some of the key factors propelling market growth are flexibility, capability, and convenient labelling. However, with the growing environmental concerns and the increase in the need for diminishing pollution acts as restraints for the market growth. Shrink sleeves are a relatively new type of label and are quickly gaining use for product packaging in
Global Feed Packaging Market is grow at a CAGR of 6.2% and expected to reach USD …
Global Feed Packaging Market is accounted for $13.24 billion in 2017 and is expected to reach $22.75 billion by 2026 growing at a CAGR of 6.2% during the forecast period. Some of the key factors propelling the market growth are raising competition: product differentiation through packaging products, innovations in pet food packaging products, the growth of the parent industry and increase in pet population and pet care expenditure. Furthermore, reduction
Global Automotive Smart Antenna Market is grow at a CAGR of 16.7% and expected t …
The Global Automotive Smart Antenna Market is accounted for $1.75 billion in 2017 and is expected to reach $7.01 billion by 2026 growing at a CAGR of 16.7% from 2017 to 2026. Some of the factors such as growing demand for safety features in vehicles and rising cellular applications for connected vehicles are fuelling the market growth. However, lack of information technology and communication infrastructure in developing countries is restraining

All 5 Releases


More Releases for Korea

2021 South Korea Power Market Report- Major Generating Companies: Korea Electric …
South Korea Power Market Report study provides detailed information to understand the imperative market parts that align with the business decision related to raw materials, demand, and production capacity. In addition, South Korea Power Market analysis provides demands for the future, besides the available opportunities for the individuals. This helps manufacturers and clients understand the past trends and analyze the future trend. Get FREE PDF Sample of the Report @
Global Bamboo Salt Market Research Study, Future Prospects and Growth Drivers to …
Global Bamboo Salt Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2028, recently distributed by IndexMarketsResearch systematically arranges the foremost components of the market study. The report helps customers in anticipating investment in an developing market, extension of market share, or accomplishment of a new product with the help of global Bamboo Salt market research analysis. The worldwide Bamboo Salt market segmentation is controlled intimately upheld various parameters
South Korea Agriculture Market | South Korea Agriculture Industry | Covid-19 Imp …
Agriculture in South Korea may be a sector of the economy of South Korea. The natural resources needed for agriculture in South Korea aren’t torrential. Two thirds of the country are mountains and hills. Productive land solely accounts for 22 percent of the country's land. The foremost vital crop in South Korea is rice, secretarial regarding 90 percent of the country's total grain production and over 40 percent of farm
5G Technology-Global Market Research Report by Major Key Players - Cisco (U.S.), …
5G Technology-Global Market Status & Trend Report 2013-2023 Top 20 Countries Data offers a comprehensive analysis on 5G Technology industry, standing on the readers' perspective, delivering detailed market data in Global major 20 countries and penetrating insights. No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information. Get PDF Sample Copy @ https://www.marketgrowthinsight.com/sample/71222 Key questions answered by this report include: Worldwide and
Aramid Fiber Market 2023: TEIJIN LIMITED (Japan), Yantai Tayho Advanced Material …
Global Aramid Fiber Market Information: By Type (Meta-Aramid, Para-Aramid), Application (Security & Protection, Frictional Materials, Rubber Reinforcement), End-Use Industry (Aerospace & Defense, Automotive, Consumer Goods, Marine), And Region- Forecast Till 2023. Aramid fiber is a man-made organic polymer and belongs to a class of heat-resistant and strong synthetic fibers. They exhibit superior characteristics such as good resistance to abrasion and organic solvents, non-conductivity, high melting point, low flammability, and others. Free Sample
2018 Stem Cell Therapy Market by Top Key Players - Anterogen (South Korea), MEDI …
Adroit Market Research has announced the addition of the “Global Stem Cell Therapy Market Size Status and Forecast 2025”, The report classifies the global Stem Cell Therapy in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Stem Cell Therapy Speaker market, analyzes and researches the Stem Cell Therapy Speaker development status and forecast in North