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Market Update.pdf

market-report-korea-jan-2023.pdf

🔗 Source: oceanx.network

📊 Size: 2.11 MB

👤 Author: Ruben Huber

⬇️ Downloads: 183

Summary

South Korea has a highly developed economy, with a GDP of $2.2 trillion and GDP per capita exceeding $35,000. The main sectors are manufacturing, services, and agriculture, with major companies like Samsung, LG, and SK Hynix driving growth. Trade is crucial, with exports including electronics, automobiles, and machinery, and imports including raw materials, machinery, and fuels. The country has free trade agreements with several nations, but its export-driven economy makes it vulnerable to global demand fluctuations. The OECD forecasts a GDP growth of 2.0% in 2023, with inflation at 5.1% and potential recession fears. Logistics market volumes in Busan and Incheon are expected to grow slightly, with trade with China remaining key, but growth also seen with Vietnam, Indonesia, and Thailand.

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Description

South Korea has a highly developed economy, with a GDP of $2.2 trillion and GDP per capita exceeding $35,000.

Technical Information

File Format: PDF
File Size: 2.11 MB
Pages: 11
Language: EN
Author: Ruben Huber
Total Downloads: 183
Last Updated: 4 weeks ago

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