PESTLE Insights: South Korea - Macroeconomic Outlook Report
Seoul, Gyeonggi-do and Gyeongsangnam-do contribute 51.2% to the country’s GDP and comprise 50.4% of the South Korea’s population
Mining, manufacturing and utilities contributed 32.9% to the gross value added (GVA) in 2016, followed by financial intermediation, real estate and business activities (20.8%) and wholesale, retail and hotels (11.0%). In nominal terms, the three sectors are expected to grow by 5.3%, 5.0% and 5.1% respectively in 2017-18.
South Korea ranked19th out of 136 nations in the MLCRI Q3 2017. The country’s score is in the very low risk nations band (below 30)
More than 50% of total FDI inflows in South Korea were from Asian nations in 2015
The South Korean government envisages spending US$118.2 bn by 2020 on developing and modernizing infrastructure facilities in the country
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.