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South Korea’s economy grew in October 2025, with job gains in services and strong exports, despite ongoing trade tensions and high youth unemployment.
South Korea’s economy showed signs of recovery in October 2025, with employment rising by 312,000 year-on-year—its ninth straight month of growth—driven by gains in health, education, and service sectors, though manufacturing and construction jobs continued to decline.
Exports surged 12.7% in September, aided by strong semiconductor demand, while inflation reached 2.1% annually.
The government’s cash handout program boosted retail and hospitality employment.
Despite a stable 2.1% unemployment rate, youth unemployment stood at 15.1%, and broader labor underutilization rose to 7.9%.
Ongoing trade tensions with the U.S. persist, though a framework deal reducing tariffs from 25% to 15% is under final negotiation.
La economía de Corea del Sur creció en octubre de 2025, con ganancias de empleo en los servicios y fuertes exportaciones, a pesar de las tensiones comerciales en curso y el alto desempleo juvenil.