As the rapid economic stimulus of the corona is concentrated on semiconductor bio companies, the number of unemployed increases and a class society that maximizes the gap between rich and poor by increasing luxury consumption emerged.
In March, the unemployment rate rose 0.1%p year-on-year to 4.3%, but consumer prices rose 1.5%, department store sales surged 62.7%, while discount stores, a mass consumer, rose only 3.0%, and online consumption of the Corona economy increased 21.1%.
Deputy Prime Minister Hong Nam-gi said at the '8th Big Three Promotion Meeting for Innovative Growth' on the 16th, "We will provide priority support for items that can be commercialized for a short period of time as a small manager (materials, parts, equipment) business, and will greatly increase the budget in 2022." In 2025, autonomous driving commercial services will be provided at major hubs of highways and local governments across the country.”
President Moon Jae-in said, “The semiconductor industry is a key national strategic industry in which the present and future of our economy takes place.” “We must continue to lead the global semiconductor supply chain.” “Comprehensive semiconductor powerhouse leap forward strong support”, “to protect the world's number one and widen the gap, establish multiple support plans”, “batteries are the second semiconductor, so the global battery market-led comprehensive support strategy is established” and “there is a need for companies and governments to become one body. Will”.
Exports in March increased 16.6% YoY, led by semiconductors.
The Ministry of Strategy and Finance said in the Economic Trends (Green Book) on the 16th, "Recently, while the export/manufacturing industry has continued to recover, the sluggish domestic demand has gradually eased and employment has turned to an increase."
In February, retail sales decreased by 0.8% YoY, facility investment decreased by 2.5%, service production increased by only 1.1%, mining and industrial production increased by 4.3%, construction investment increased by 6.5%, and the unemployment rate in March increased. With the increase, the number of government-sponsored employment increased by 314,000 from the same period last year.
The unemployment rate rose in the 30-40s job market, wholesale and retail (-168,000 people, -4.8%), associations, repairs, personal services (-71,000 people, -5.9%), accommodation and food (-28,000 people). 1,000 people, -1.3%) for 22 consecutive months, and the manufacturing industry also declined by 11,000 people (-0.3%) compared to the same period last year for 21 consecutive months.
Employed people are experiencing a surge in temporary employment in government-supported health and welfare services (171,000 people, 7.6%), public administration, national defense, social administration (94,000 people, 9.0%), and construction industry (92,000 people, 4.7%). The resulting classification of labor appeared.
In the '1st Quarter Economic Trend Forecast Report' of the Korea Economic Research Institute (Kyong-Yeon Han), an aggressive investment in information and communications (IT) such as semiconductors revealed a 5.0% increase in facility investment and strong exports. “If the spread of the corona continues and the spread of vaccines is delayed, the growth rate will be negative. (-) You can record it,” he said on the 15th.