South Korea Seoul Composite

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South Korea Composite Weekly	Notes & Links
South Korea Composite Monthly

South Korea Seoul Composite Index (weekly), 20 week exponential average in green, 5 week exponential average in red, MACD (moving average convergence divergence) in green.

South Korea Seoul Composite Index monthly chart, the red line is a 24 month exaverage, the yellow line is a 6 month exaverage. This chart is no longer updated but will remain for reference.

South Korea Notes & Links:
1/12/2021 SouthKorea Unemployment Rate at 4.6%, above expectations (3.9%). 10/18/2020 A series of typhoons in South Korea this summer has left the country blindsided by a kimchi catastrophe.Fields of cabbages -- which are usually seasoned with spices this time of year and left to ferment for months to make South Korea’s favorite pungent dish -- were wiped out across the country due to the extreme weather, causing prices to surge more than 60%. 8/20/2020 South Korean exports contracted by 7% YoY 8/4/2020 South Korea FX Reserves came in at 416.53B, above forecasts (416.06B) in July 9/6/2015 South Korea's export plunged 14.7% YoY 3/16/15 South Korea's central bank cut its benchmark interest rate by 25 basis points to an all-time low of 1.75% 10/3/14 S. Korea's national debt rises to 34.3 pct of GDP 1/6/12 S. Korea's producer prices rose 0.2% in Dec. 8/2/11 South Korea said it will expand the zero- tariff quota for refrigerated pork imports without limit by the end of September. Previously, 130,000 tons of fresh and frozen pork were subject to zero-tariff imports. 5/26/11 South Korea's consumer sentiment index rose to 104 in May, up from 100 the previous month, the Bank of Korea said 4/28/11 South Korea’s exports expanded 26.6% YoY, compared with a revised 28.9% gain in March. 3/28/11 South Korea's business sentiment plunged to 99.3 in April from 113.5 the previous month. 1/31/11 South Kore will cull 2.9 million animals to deal with the country’s worst outbreak of foot-and-mouth disease. 1/26/11 South Korea's economy posted an annual growth rate of 6.1 % in 2010, an eight-year record high. 11/26/10 According to the Bank of Korea (BOK), the current account stood at 5.37 billion U.S. dollars in October, rising from 3.95 billion U.S. dollars in September. 9/30/10 Trade between South Korea and Russia has recorded an over 50-fold jump since the two countries established diplomatic relations 20 years ago 8/31/10 South Korea's industrial output expanded for the 13th consecutive month in July by 15.5% 8/2/10 S.Korea’s exports up 29.6% YoY 7/12/10 Korea lifted its key policy rate by 25 basis points to 2.25%, its first tightening since August 2008 4/27/10 YoY South Korea GDP rose 7.8% in Q1 6/10/09 Korea kept its interest rate unchanged at an all-time low of 2% for a fourth consecutive month. 4/24/09 GDP in South Korea rose 0.1%. 2/2/09 South Korea’s exports fell by a record 32.8% in January. 1/21/09 South Korean GDP shrinks 3.4% QoQ 12/11/2008 Korea reduced its interest rate from 4.0% to a record low 3.0% 11/8/08 Korea reduced its interest rate from 4.25% to 4.00%. 10/27/08 South Korea cut its interest rate from 5.00% to 4.25%. 10/24/08 YoY GDP in South Korea rose 3.9% 1/25/08 GDP in South Korea rose 5.5% QoQ 8/9/07 The Bank of Korea raised its rate from 4.75% to 5.00%. 4/25/07 GDP in South Korea rose 4% YoY. 1/25/06 South Korea's GDP was up 4.0% in 2005. 1/25/06 YoY South Korea's GDP was up 4.4% in the third quarter, stronger than expected. 08/04/05 Singapore and South Korea have signed a free trade agreement, Seoul's first with an Asian neighbor. 05/02/05 South Korea's trade surplus rose in April compared to the previous month as global demand for locally-made products remained strong despite the won's appreciation against the dollar, the government said Sunday. April's trade surplus came to 1.96 billion US dollars, compared to 1.45 billion dollars in the previous month. 04/27/04 South Korean exports made up a record share of total global exports in 2004. The country's overseas shipments accounted for 2.78 percent of total world exports last year, South Korean imports accounted for 2.37 percent of the world's total while its trade volume made up 2.57 percent. 02/27/05 South Korean factory output rose 3.1 percent, its fastest since a 3.3 percent rise in August 2003. 12/09/04 South Korean consumer confidence fell to the lowest in four years in November to 86.6 from 88 in October, the sixth decline in seven months, the National Statistical Office said in a statement in Gwacheon, South Korea. 12/08/04 South Korea overtook Mexico to become the world's 10th largest economy last year. The World Bank ranked Korea 10th with a gross national income (GNI) of $606 billion in 2003, narrowing the gap with China, which slid to seventh from sixth a year ago. 11/11/04 South Korea’s central bank unexpectedly cut interest rates to a record low on Thursday, pointing to the risk of economic growth blowing off course as exports slow and domestic demand remains weak. 11/09/04 The World Bank said Tuesday it had lowered its forecast for Korea's GDP growth this year from 5.3 percent to 4.9 percent and forecast for next year's growth from 5.3 percent to 4.4 percent. On the other hand, the East Asia Pacific region was forecast to achieve over 7 percent economic growth this year, buoyed by China's rapidly growing economy. 11/08/04 The South Korean government is preparing a huge "New Deal" spending package in the next few years to revive the country`s sagging economy, Yonhap news agency said Sunday. Some 10 trillion won (nine billion dollars) would be pumped into the stimulus package. 11/05/04 South Korea's economic growth is expected to slow next year due to slumping exports, a local think tank said Thursday.Asia's third-largest economy will post a 4.6 percent increase in gross domestic product, down 0.5 percentage point from this year, the Korea Institute of Finance said. The institute had forecasted this year's economic growth to be 5.1 percent. 11/04/04 South Korea's consumer prices rose a slower-than-expected 3.8 per cent in the year through October, government data showed today, but a rise in core inflation is likely to remain a concern for the central bank. 10/31/04 Many foreign investors predict that Korea will emerge as the most competitive information technology-based economy 10/29/04 The cyclically-adjusted index of coincident indicators, fell 0.2 percentage points in September month-on-month, the the National Statistical Office (NSO) said. This index, which dropped 1.0 percentage point in August, has now fallen for six months in a row. The index of leading indicators, the key gauge for the economic outlook, also dropped 0.1 percentage points, the same as the fall a month earlier, marking it a sixth straight monthly decline. 10/16/04 Despite a whopping 5.5 percent growth rate this year, South Korea lagged numerous Asian economies in expansion.In terms of gross domestic product, South Korea posted an annualized growth rate of 5.5 percent during the second quarter behind India's 7.4 percent, Taiwan's 7.7 percent, Hong Kong's 12.1 percent and the 12.5 percent of Singapore, the Korean Times reported Saturday. 08/27/04 78% of Korean households subscribe to broadband, the highest penetration rate in the world and well over twice that of the U.S. 05/28/04 South Koreas GDP grew by 5.3% in the first quarter, up from 3.9% in the fourth quarter of 03.