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PESTLE Insights: South Korea - Macroeconomic Outlook Report

PESTLE Insights: South Korea - Macroeconomic Outlook Report

Summary

Seoul, Gyeonggi-do and Gyeongsangnam-do contribute 51.2% to the country’s GDP and comprise 50.4% of the South Korea’s population

Synopsis

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.

Scope

  • 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.


Did you Know? 4
Country Highlights 5
Country Snapshot 7
PESTLE Insights 21
Political Landscape 22
Economic Landscape 23
Social Landscape 30
Technological Landscape 33
Legal Landscape 36
Environmental Landscape 37
Outlook
List of Figures
Exhibit 1: South Korea’s Performance in Country Risk Analysis in Comparison To Emerging Asia and the World 11
Exhibit 2: Performance Overview (Score: 1-100) 11
Exhibit 3: Broad Categories and Weights behind the Index 12
EXHIBIT 4: KOSPI Composite Index (^KS11) 14
Exhibit 5: Key Sectors Contribution to the Economy 15
Exhibit 6: FDI Inflows (2012-2016), FDI Inflows Share by Sector (2015) and FDI by Sector (2013-2015) 16
Exhibit 7: FDI by Continent and Country (2013-2015) 18
Exhibit 8: Key Infrastructure Indicators 20
Exhibit 9: Real GDP and Household Consumption Growth Rate 24
Exhibit 10: Real GDP Growth Rate Comparison (2016) 24
Exhibit 11: Export, Import and Trade Balance 25
Exhibit 12: Current Account Balance 25
Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2014-2016 26
Exhibit 14: Electrical Machinery and Equipment, % of World Total, 2016 26
Exhibit 15: Interest Rates 28
Exhibit 16: Exchange Rate 28
Exhibit 17: Public Finance 29
Exhibit 18: General Government Debt 29
Exhibit 19: Employment/Unemployment 31
Exhibit 20: Average Annual Wages 31
Exhibit 21: Labour Cost Index 31
Exhibit 22: Rural/Urban Share in Total Population 32
Exhibit 23: Age-group Wise of Total Population 32
Exhibit 24: Gender Split 32
Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2016 34
Exhibit 26: Number of Patents Granted Per M Inhabitants, 2015 35
Exhibit 27: High-technology exports (% of manufactured exports) 35
Exhibit 28: Doing Business in South Korea2018 36
Exhibit 29: Corruption Perception Index (Rankings) 2016 36
Exhibit 30: CO2 Emissions

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