Statistics Korea News

December Marks a Turning Point: Employment Sees First Decline in Nearly Four Years

December saw a decline in employment for the first time in nearly four years, with a decrease of 52,000 employed individuals compared to the previous year. Despite this, the employ...

2024 Sees a 2.3% Hike in Consumer Prices with Fresh Food Costs Soaring by 9.8%

In 2024, the annual consumer price index rose by 2.3%, with fresh food costs surging by 9.8% due to poor harvests and extreme weather. Agricultural product prices increased signifi...

South Korea's Job Market Struggles: Only 200,000 New Jobs Created in 2023

South Korea's job market saw a sluggish growth in 2023 with only 200,000 new jobs created, marking the lowest annual increase on record. The job market dynamics shifted with a decl...