South Korea PESTLE Insights - A Macroeconomic Outlook Report

South Korea PESTLE Insights - A Macroeconomic Outlook Report

  • April 2021 •
  • 45 pages •
  • Report ID: 6070086 •
  • Format: PDF
South Korea PESTLE Insights - A Macroeconomic Outlook Report

Summary
Mining, manufacturing and utilities contributed 30.2% to the gross value added (GVA) in 2020, followed by financial intermediation, real estate and business activities (23.7%), and wholesale, retail and hotels (10.2%). These sectors are expected to grow by 4.6%, 4.6%, and 2.9% in 2021, according to MarketLine forecasts.

In 2019, Seoul, Gyeonggi-do, and Gyeongsangnam-do were home to 50.7% of the South Korea’s population

Scope
- In July 2020, the Korean government announced US$135.5bn investments (2020-2025) for Korean New Deal Program
- The South Korea stock market has been on an increasing trend since April 2020. As of March 8, 2021, KOSPI index stood at 2,996.1, compared to 2,040.2 on March 8, 2020.

Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
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