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Macroeconomic Outlook Report: South Korea

Publisher GlobalData
Published Jul 03, 2025
Length 47 Pages
SKU # GBDT20227160

Description

Macroeconomic Outlook Report: South Korea

Summary

Mining, manufacturing, and utilities activities accounted for 47% of the gross value added (GVA) in 2024, followed by financial intermediation, real estate, and business activities (10%) and wholesale, retail, and hotel activities (8.9%). In nominal terms, the three industries are expected to grow by 2.8%, 2.1%, and 1.8%, respectively, in 2025.

Seoul, Busan, and Incheon together accounted for 30.1% of the country’s GDP and 30.1% of its population in 2024, according to GlobalData.

Key Highlights
  • As of May 2025, South Korea plans to launch a hydrogen train by 2028, aiming to lead the growing global hydrogen rail market, projected to reach $26.4 billion by 2035. Managed by Korail, the $23 million project involves developing a two-car hydrogen train by 2027 and establishing necessary legal and operational frameworks.
  • The train will utilize fuel cell technology, achieving speeds of 150km/h and a range of over 600km on a single charge, with a peak power output of 1.2MW. Its energy efficiency is expected to be twice that of diesel trains, eliminating the need for costly electrification. Additionally, Hyundai Rotem secured a significant order for 34 hydrogen trams, set for delivery between 2026 and 2028.
Scope
  • Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework. This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction.
  • Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks. These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions. The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.
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.

Table of Contents

47 Pages

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