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The rapid increase in imports Inflation is exacerbated by the government's stimulus policy, and the World Bank has diagnosed the slow growth as a prolonged period with the growth rate halving this year compared to the previous year. In May, Korea's imports ($63.2 billion) surged 32% compared to the previous year, surpassing exports ($61.5 billion). The trade deficit was estimated at $2.5 billion..

The KRW/USD rate rose 9.2% in January and the consumer price rose 3.6% YoY, 2.5 times higher, suggesting a 4% rise in February prices. The U.S. trade deficit rose 26.9% year-on-year in January to a record $859.1 billion. Korea's import surge is expected to increase inflation and trade deficits due to economic stimulus strengthening policies, as imports of crude oil, gas and coal in January of $1..

Mining and industrial production fell 3.0% MoM in October for the third straight month, the highest since a -7.7% decline in May last year, in the early stages of the coronavirus. The manufacturing average utilization rate was 71.1%, down 2.5%p from the previous month, and the production index for all industries in October decreased by 1.9% from the previous month, returning to the highest level..