'Turbulent' Korean Economy Barely Achieves 2% Growth Rate Last Year [3-Minute Brief]

[At a Glance]
① Real GDP Growth Rate for Q4 Last Year: 0.1%
② Ministry of Trade, Industry and Energy: 2024 Major Retailer Sales Trends
③ Government's 'Delivery Platform Win-Win Implementation Status and Future Plans'

MARKET INDEX : Year to date

○Trump's virtual speech at the Davos Forum

○"Demands Fed to cut interest rates, Saudi Arabia to lower oil prices"

○'Trump Rally' fueled by overlapping optimism on pro-business policies

Top3 NEWS

■ Shrinking GDP…Government says “Political instability negatively impacts private consumption, no effect on tax revenue shortfall”

○Martial law aftermath hits lodging and restaurant consumption directly
○0.4%P lower than initially expected by Bank of Korea
○Main cause of decline is sluggish construction investment

■ Rapid growth in food and meal delivery…Online retail sales up 15% last year

○Ministry of Trade, Industry and Energy reports 2024 major retailer sales trends
○Online growth drives overall sales increase
○Influence from food, e-coupons, meal delivery, performance and travel tickets

■ Coupang Eats also lowers delivery fees from March…Commission fees shown on receipts

○Baedal Minjok announced commission fee reduction the day before
○Timing for sales amount calculation still undecided
○Government's 'Delivery Platform Win-Win Implementation Status and Future Plans'

Graphic News : Last year's Korean growth rate barely 2%...Concerns over long-term low growth increase

○Construction sector downturn deepens, private consumption growth slows

○Economic sentiment shrinks amid political uncertainty, growth rate at 0.1%

○Low growth predicted again this year in the 1% range…“Policy shift needed”

the Chart : Domestic and international uncertainties persist…Corporate business sentiment plunges for 3 consecutive months

○Lowest level since COVID-19 in September 2020

○Manufacturing and non-manufacturing sectors expected to improve next month

○Exports and domestic demand are key factors…Hard to be optimistic

Terms in the News : Advanced cyber security threat 'Credential Stuffing'

Hacking Crime. Akyung DB

○Hackers target complacent security awareness to attempt logins

○Consider preemptive blocking methods using 'multi-factor authentication'

○Passwordless authentication methods like fingerprint and iris recognition

Today's Key Schedule

○Domestic

23rd KOSDAQ DayOne Company listing, offering price 13,000 KRW

KOSDAQ WiseNut listing, offering price 17,000 KRW

○Overseas

02:00 Crude oil inventory

03:00 10-year TIPS bond auction

12:00 Japan interest rate decision

23:45 Manufacturing PMI

◇Lunch & Commute Weather

○ Low temperature -2℃(0℃) ｜High temperature: 9℃(0℃)
○ Precipitation probability morning 0%｜afternoon 0%
○ Fine dust morning moderate｜afternoon moderate

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.

This content was produced with the assistance of AI translation services.