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Inflation Stirs Concern in South Korea, an Industrial Info News Alert

June 8, 2011 - Kofu-shi, Japan

Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) -- South Korea's economy continues to grow, with inflation stirring concerns over the widening margin between domestic and foreign demand. As the government waits for the effects of implemented carbon-neutral and green-energy economic stimulus packages, it is also looking to stimulate domestic demand with more jobs. Exports are still rising, but output is starting to lag, though growth is still occurring. The South Korean economy rose 1.4% during the first quarter of the year, due partially to increased production following the Great East Japan Earthquake disaster. Production, however, slipped in April on account of missing key manufacturing components from Japan.

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Joe Govreau


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