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  • KDI Monthly Economic Trends 2018. 6
  • Date June 07, 2018
  • Language Korean/English
PDF Major Indicators
The Korean economy sustained modest growth driven by robust exports although growth in domestic demand is slowing gradually.

○ Growth in retail sales remained strong but improvement in consumption-related services production has been delayed.

○ Facilities investment growth is slowing at a relatively fast pace and construction investment growth remained low, suggesting that investment growth is on the decline.

○ Exports growth rose higher than last month, particularly in semiconductors, helping to buffer some of the slow growth in domestic demand.

- Meanwhile, mining and manufacturing production turned to an increase recently, pointing to a moderating slowdown, but the overall pace of improvements appears limited.

○ Employment growth remained low from last month with manufacturing and construction posting declines, reflecting delayed improvements in production-related activities.
 
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

    82-044-550-4725
  • LEE, Jongkyu

    Fellow

    82-044-550-4725
  • WEE, Hyeseung Dispatched

    Research Associate

    82-044-550-4725
  • NAM, Jinwook On leave

    Specialist

    82-044-550-4725
  • KIM, Seulki

    Research Associate

    82-044-550-4725
  • CHUN, Eunkyung

    Research Associate

    82-044-550-4725
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