South Korea’s Ministry of Economy and Finance said Q4 2025 GDP contracted 0.3% quarter-on-quarter due to base effects and the Chuseok holiday, but underlying recovery continues, with annual growth expected near 2% as recent indicators remain positive.
#YonhapInfomax #MinistryOfEconomyAndFinance #GDP #Q4Contraction #ChuseokHoliday #GrowthForecasts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=101515
Ministry of Economy and Finance Says 'Q4 Contraction Driven by Base Effect and Chuseok Holiday—Underlying Recovery Continues'
South Korea’s Ministry of Economy and Finance said Q4 2025 GDP contracted 0.3% quarter-on-quarter due to base effects and the Chuseok holiday, but underlying recovery continues, with annual growth expected near 2% as recent indicators remain positive.
South Korea’s current account surplus shrank to $6.81 billion in October, halving from the previous month, as overseas equity investment by residents hit a record high and both exports and imports declined amid fewer working days due to the Chuseok holiday.
#YonhapInfomax #CurrentAccountSurplus #BankOfKorea #OverseasEquityInvestment #Exports #ChuseokHoliday #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=94065South Korea’s semiconductor production plunged 26.5% in October, the sharpest drop in 43 years, as base effects and fewer working days offset strong global AI-driven demand, with officials expecting a rebound in coming months.
#YonhapInfomax #SemiconductorProduction #StatisticsKorea #BaseEffect #ChuseokHoliday #AI #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=93014South Korea’s overseas check card spending hit a record high in October, driven by a surge in outbound travel during the extended Chuseok holiday, with major issuers seeing rapid growth in travel-focused card usage.
#YonhapInfomax #OverseasCheckCard #ChuseokHoliday #HanaCard #CreditCardSpending #OutboundTravel #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=91848
Overseas Check Card Spending Hits All-Time High in October—Boosted by Chuseok Holiday Travel
South Korea’s overseas check card spending hit a record high in October, driven by a surge in outbound travel during the extended Chuseok holiday, with major issuers seeing rapid growth in travel-focused card usage.
South Korea’s exports rose for a fifth consecutive month in October, driven by strong semiconductor and ship sales, despite fewer working days due to the Chuseok holiday; the trade surplus is expected to reach $2.97 billion.
#YonhapInfomax #Exports #Semiconductors #TradeSurplus #ChuseokHoliday #SamsungSecurities #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=87556
Up to 10-Day Chuseok Holiday Delivers Blow to October Exports
South Korea’s exports fell 8% year-on-year to $30.1 billion in October through the 20th, as the extended Chuseok holiday reduced working days and weighed on shipments across all major markets.
South Korea’s exports fell 15.2% year-on-year in the first ten days of October due to fewer working days from the Chuseok holiday, with shipments to the US plunging 43.4% amid tariff uncertainty; daily average exports, however, rose 33.2% as semiconductor exports surged.
#YonhapInfomax #Exports #Semiconductors #TradeDeficit #UnitedStates #ChuseokHoliday #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=85135South Korea's ruling and opposition parties escalated their confrontation over President Lee Jae-myung's variety show appearance during a national IT crisis, filing mutual defamation complaints and intensifying political tensions over the Chuseok holiday.
#YonhapInfomax #PresidentLee #PeoplePowerParty #Defamation #NIRMAFire #ChuseokHoliday #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84769
Chuseok Holiday Marred by Legal Battles as Ruling and Opposition Parties Escalate Confrontation
South Korea's ruling and opposition parties escalated their confrontation over President Lee Jae-myung's variety show appearance during a national IT crisis, filing mutual defamation complaints and intensifying political tensions over the Chuseok holiday.
Woori Bank CEO Jeong Jin-wan Inspects Emergency Response Centers During Chuseok Holiday
Woori Bank CEO Jeong Jin-wan conducted on-site inspections of emergency response centers during the Chuseok holiday to ensure uninterrupted financial services and IT security for customers.
South Korean card issuers are set to benefit from a surge in overseas debit card payments, with the extended Chuseok holiday expected to drive transaction volumes to record highs amid booming outbound travel demand.
#YonhapInfomax #OverseasDebitCard #ChuseokHoliday #HanaCard #TravelDemand #PaymentVolume #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84705
Overseas Debit Card Payments Surge—Will Chuseok Holiday Drive Further Growth?
South Korean card issuers are set to benefit from a surge in overseas debit card payments, with the extended Chuseok holiday expected to drive transaction volumes to record highs amid booming outbound travel demand.
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