Construction Contracts Rebound 3.4% in 2024 on Strong Seoul Metropolitan Area and Public Sector Demand
South Korea's construction contract value rebounded 3.4% in 2024, led by strong growth in the Seoul metropolitan area and public sector, after a sharp decline the previous year.
Exports by Large and Small Firms Rebound in Q2 Despite Tariff Shock—AI Semiconductor Demand Drives Growth
South Korea’s exports rebounded in Q2 2025, with both large and small firms posting gains despite US tariff concerns, as AI-driven semiconductor demand fueled growth.
[Profile] Ahn Hyung-jun Appointed as First Internal Candidate to Lead Statistics Korea—A Veteran in Statistical Policy Planning
Ahn Hyung-jun has been appointed as the first internal candidate to lead Statistics Korea, bringing expertise in big data and AI to drive national data governance and policy innovation.
President Lee Jae-myung has appointed Baek Seung-bo as head of the Public Procurement Service and Ahn Hyung-jun as chief of Statistics Korea, leading a reshuffle of 10 vice-ministerial-level officials to drive innovation and reform in key government agencies.
#YonhapInfomax #PublicProcurementService #StatisticsKorea #ViceMinisterialAppointments #Innovation #PresidentLeeJaeMyung #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=76958
President Yoon Appoints Baek Seung-bo as Chief of Public Procurement Service, Ahn Hyung-jun as Head of Statistics Korea
President Yoon Suk Yeol appoints new heads for South Korea's Public Procurement Service and Statistics Korea, signaling a reshuffle in key government agencies.
The Bank of Korea anticipates that August inflation could temporarily fall sharply due to major telecom fee discounts, despite ongoing upward pressure from agricultural prices; July CPI rose 2.1% year-on-year, slightly below June’s 2.2%, as lower petroleum prices offset food cost increases.
#YonhapInfomax #BankOfKorea #Inflation #TelecomFeeDiscounts #ConsumerPriceIndex #StatisticsKorea #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=75579
Bank of Korea Says August Inflation May Temporarily Drop Significantly Due to Telecom Fee Discounts
The Bank of Korea anticipates that August inflation could temporarily fall sharply due to major telecom fee discounts, despite ongoing upward pressure from agricultural prices; July CPI rose 2.1% year-on-year, slightly below June’s 2.2%, as lower petroleum prices offset food cost increases.
South Korea's online shopping transactions rose 1.8% in June, with food delivery services posting double-digit growth for the 14th straight month, while mobile shopping and overseas direct purchases also saw robust gains.
#YonhapInfomax #OnlineShopping #FoodDelivery #MobileShopping #OverseasDirectPurchase #StatisticsKorea #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=75142
Online Shopping Transactions Rise 1.8% in June—Food Delivery Posts Double-Digit Growth for 14th Consecutive Month
South Korea's online shopping transactions rose 1.8% in June, with food delivery services posting double-digit growth for the 14th straight month, while mobile shopping and overseas direct purchases also saw robust gains.
Yonhap Infomax News