South Korea PESTLE Insights - A Macroeconomic Outlook Report, GlobalData

South Korea PESTLE Insights - A Macroeconomic Outlook Report, GlobalData

  • May 2022 •
  • 45 pages •
  • Report ID: 6070094 •
  • Format: PDF
South Korea PESTLE Insights - A Macroeconomic Outlook Report

Summary
Mining, manufacturing and utilities contributed 29.7% to the gross value added (GVA) in 2021, followed by financial intermediation, real estate and business activities (24.7%), and other services (20%). These sectors are expected to grow by 4.5%, 4.5%, and 4.2% in 2022, respectively, according to The analyst forecasts.

Seoul, Incheon and Busan contributed 31.7% of the country’s GDP and comprised 42% of the country’s population in 2021

The South Korea stock market has been witnessing a decreasing trend. As of March 22, 2022, KOSPI index stood at 2,712.1, compared to 3,035.5 on March 22, 2021.

Scope
- In July 2020, the Korean government announced $135.5 billion investments (2020-25) for Korean New Deal Program

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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