south korea cpi

Monthly Economic Trends in South Korea, June 2022

Korea’s economic recovery is losing steam over global supply chain disruptions and surging raw material prices, notwithstanding the recent upturn in the service industry.

With the lifting of social distancing restrictions, the service industry shows signs of recovery led by face-to-face services.

╺ Production made a relatively strong rebound in service businesses, such as accommodation and food services and arts, sports, and recreation-related activities.

╺In addition, employment conditions showed a solid improvement as the number of employed persons continued to increase in the service and manufacturing industries.

However, the manufacturing industry is decelerating on the back of prolonged supply chain disruptions and persistently high raw material prices, bringing down the pace of economic recovery.

╺Export growth is gradually slowing down, reflecting weaker global growth and the adverse impacts of China’s Zero-COVID policy.

╺In April, production in most key manufacturing segments saw a fall from the previous month, with stagnant equipment investment and limited recovery in durable goods sales.

╺High inflation caused by rising raw material prices is hurting the purchasing power of households and firms and pushing up interest rates locally and globally, posing a downside risk to economic activity.

This is a must visit South Korae resort - “Organic Farm”, an eco-friendly kitchen garden grown by the chefs

‘Organic Farm’, where ingredients are grown by hand using eco-friendly farming methods A kitchen garden is a garden decorated with vegetables, herbs, flowers and fruits that can be used as ingredients. In ‘Organic Farm’, an eco-friendly kitchen garden operated by High1 Resort, 20 kinds of crops are grown with the

South Korea new virus cases below 20,000 amid waning virus wave

SEOUL, Oct. 3 (Yonhap) -- South Korea's new COVID-19 cases fell below 20,000 on Monday after staying in the 20,000s for the previous three days amid waning virus infections and fewer tests over the extended weekend. The country reported 12,150 new COVID-19 infections, including 132

Wells Bio Co., Ltd. recently obtained export permission for its first independently developed pneumonia molecular diagnostic kit "careGENE™ Pneumonia detection kit."

Wells Bio Co., Ltd. recently obtained export permission for its first independently developed pneumonia molecular diagnostic kit "careGENE™ Pneumonia detection kit." "careGENE™ Pneumonia detection kit (No. 22-389)" is an in vitro diagnostic device that helps diagnose pneumonia infection by detecting the nucleic acid of pneumonia-causing bacteria

Read next