Market Intelligence Reports

Quarterly Global Market Report Q4 2020

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92 November, 2020 South Korea Global: 20 Availability: 16 Cost: 62 Regulation: 32 Productivity: 16 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 15) Region: 5 Availability: 3 Cost: 11 Regulation: 5 Productivity: 8 Remote Readiness 2 Remote Readiness 11 Borders are open although there is a 14 day quarantine period. Face masks and social distancing are compulsory in public places. Schools and non-essential shops are open. 3.5% 8.8% 0% 20% South Korea Regional Ave. % of GDP South Korea Q4 2019* Q4 2020* % Change YOY Total Workforce 28.5M 28.1M -1% Unemployment Rate (%) 3.5% 4.2% +20% Unemployed Workers 997K 1.18M +18% South Korea has spent $56 billion USD on measures to limit the impact of Covi19. The measures that have been implemented to protect jobs and the economy include: • Financial support for SMEs and the self-employed to encourage job retention • Financial support for the unemployed and low income households • South Korea has a recovery plan – Korean New Deal. It aims to create over 900K jobs in Digital, 600K in Green technologies and over 300K new jobs to protect the vulnerable in society • https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ https://kostat.go.kr

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