According to the Organisation for Economic Co-operation and Development (OECD) on the 13th, Korea's Leading Business Index (CLI) for August was 102.87, a high level. The CLI is an indicator that gauges the economic trend 6 to 9 months in advance. If it is above the baseline of 100, it means that the future GDP level will exceed the long-term trend, while if it is below 100, it will fall below. Korea's CLI fell to 99.14 in January last year but began to rebound in February. 19 months until August this year Although Korea ranks first among the 17 countries disclosed by the OECD,,, Korea's CLI was driven by strong exports driven by the semiconductor boom, semiconductor prices rising much faster than oil prices, improving terms of trade. Global Semiconductor Industry Although the boom has put the Korean economy on a full-fledged growth trajectory, the job market is reportedly sluggish. The semiconductor industry, a representative capital-intensive industry, has limited employment inducement effects. This means the so-called 'trickle-down effect,' where the fruits of growth flow into other industries or jobs, is limited. The overall job market trend appears not bad; according to August employment trends, the employment rate for those aged 15 and over was steady at 63.3%, and the number of employed people increased by nearly 200,000. But the real reason was different: while employment in manufacturing, the core sector, has declined for 26 consecutive months, in August, employment in domestic sectors like accommodation and food services also saw the largest drop in 13 months . It decreased. It's definitely high growth, and while it doesn't look bad on the surface,,, if you look closer, it's a bit frustrating!! except for semiconductors, it's not a complete collapse, but it's abnormal!!!!!!!
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