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Here’s a look at Korea’s major economic indicators that provide an overview of the recent economic developments.
Stock prices decreased in April out of concerns for the US Federal Reserve’s interest rate hike, the Russia-Ukraine war and global inflation, while the Korean won weakened and Korea treasury yields picked up. Housing price growth eased in March, and prices of Jeonse (lump-sum deposits with no monthly payments) declined.
While consumption is expected to pick up due to continued recovery of employment and lifting of social distancing restrictions, concerns that the longer-than-expected Russia-Ukraine war and the resulting supply chain disruptions could undermine investment, restrict export recovery, and continue to cause high inflation.
※ Source: Ministry of Economy and Finance (moef.go.kr)(moef.go.kr)