Consumption Coupons Drive Improvement in Income Distribution Index—Income Gap Between Top and Bottom Quintiles Narrows from 5.69 to 5.07 Times
South Korea’s income inequality narrowed to a five-year low in Q3 2025, as government-issued consumption coupons boosted incomes across all quintiles and reduced the gap between the top and bottom 20% of households.
South Korea’s major retailers saw September sales jump 7.7% year-on-year, driven by strong Chuseok gift demand and government consumption coupons, while online sales surged and offline hypermarkets lagged due to fewer holidays.
#YonhapInfomax #RetailSales #OnlineSales #Chuseok #ConsumptionCoupons #DepartmentStores #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=87822
Retail Sales Rise 7.7% in September—Holiday Gift Demand and Consumption Coupons Drive Growth
South Korea’s major retailers saw September sales jump 7.7% year-on-year, driven by strong Chuseok gift demand and government consumption coupons, while online sales surged and offline hypermarkets lagged due to fewer holidays.
Lee Jae-myung Administration Delivers Stronger-Than-Expected First Economic Report Card—South Korea Escapes 0% Growth Fears
South Korea’s economy posted a stronger-than-expected 1.2% GDP growth in Q3, driven by robust domestic demand and resilient exports, easing fears of sub-1% annual growth.
South Korea's employment rose by 312,000 in September, the largest gain in 19 months, driven by government consumption coupons boosting retail and hospitality jobs, while construction and manufacturing continued to shed positions and youth employment declined for a 35th straight month.
#YonhapInfomax #Employment #NationalDataOffice #ConsumptionCoupons #YouthUnemployment #RetailSector #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=85974
Government Executes 92.4% of Second Supplementary Budget by End-September—Exceeds Target
South Korea’s government executed 92.4% of its second supplementary budget by end-September, exceeding its target, with key stimulus funds rapidly distributed to boost consumption.
The OECD has raised its 2026 growth forecast for South Korea to 2.2%, citing the impact of fiscal stimulus and consumption coupons, while projecting slower growth for major global economies.
#YonhapInfomax #OECD #SouthKorea #GrowthForecast #FiscalPolicy #ConsumptionCoupons #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=83048
Presidential Office Says OECD Raises South Korea's 2026 Growth Forecast to 2.2%, Reflecting Impact of Consumption Coupons
The OECD has raised its 2026 growth forecast for South Korea to 2.2%, citing the impact of fiscal stimulus and consumption coupons, while projecting slower growth for major global economies.
South Korea’s finance ministry has executed nearly 80% of its 20.7 trillion won second supplementary budget by end-August, with plans to accelerate fiscal stimulus—including new consumption coupons and support for startups—by month-end.
#YonhapInfomax #SupplementaryBudget #MinistryOfEconomyAndFinance #ConsumptionCoupons #FiscalExecution #StartupFunding #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=81320
By End-August, 80% of Second Supplementary Budget Executed—Finance Ministry Vows Timely Fiscal Injection
South Korea’s finance ministry has executed nearly 80% of its 20.7 trillion won second supplementary budget by end-August, with plans to accelerate fiscal stimulus—including new consumption coupons and support for startups—by month-end.
South Korea’s ruling party and government will exclude high-net-worth individuals from the second round of consumption coupons, introducing new eligibility criteria and expanding usage to more sectors, with distribution set for September 22.
#YonhapInfomax #ConsumptionCoupons #HighNetWorthIndividuals #DemocraticPartyOfKorea #EligibilityCriteria #ProsecutionReform #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=79718
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