{"id":929934,"date":"2026-10-12T06:54:14","date_gmt":"2026-10-12T06:54:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/929934\/"},"modified":"2026-10-12T06:54:14","modified_gmt":"2026-10-12T06:54:14","slug":"koreas-economic-recovery-yet-to-benefit-households-broadly-kdi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/929934\/","title":{"rendered":"Korea&#8217;s economic recovery yet to benefit households broadly: KDI"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/10\/6ce9cba8-f2a8-4dee-aa15-29dc5f4da051.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1082; width: 100%\" alt=\"Containers are stacked at a port in the southeastern city of Busan, Oct. 1. Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>Containers are stacked at a port in the southeastern city of Busan, Oct. 1. Yonhap<\/p>\n<p class=\"editor-p\">The benefits of  Korea&#8217;s economic recovery have yet to reach households more broadly, a state-run think tank said Monday, noting the recovery in their purchasing power remains limited.<\/p>\n<p class=\"editor-p\">&#8220;The recovery in household purchasing power remains constrained due to subdued underlying wage growth and elevated supply-side inflationary pressures, including those from persistently high oil prices,&#8221; the Korea Development Institute (KDI) said in its monthly economic assessment.<\/p>\n<p class=\"editor-p\">The KDI noted that despite the  Korean economy&#8217;s recovery led by the artificial intelligence (AI) industry, its benefits have not yet reached households broadly.<\/p>\n<p class=\"editor-p\">The think tank nevertheless said the  Korean economy appears to be maintaining its recovery momentum, with manufacturing output continuing to grow at a solid pace.<\/p>\n<p class=\"editor-p\">&#8220;Exports and equipment investment continue to grow strongly, led by AI-related sectors, as global demand for AI infrastructure investment remains robust,&#8221; the KDI said.<\/p>\n<p class=\"editor-p\">In September,  Korea&#8217;s exports soared 83.5 percent from a year earlier to a record $120.9 billion, driven by a surge in chip shipments.<\/p>\n<p class=\"editor-p\">Semiconductor exports exceeded $60 billion for the first time ever last month, boosting overall export figures.<\/p>\n<p class=\"editor-p\">&#8220;Semiconductor and computer exports continue to grow rapidly, while exports of other products linked to AI infrastructure, including steel products and nonferrous metals, also remain solid,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"Containers are stacked at a port in the southeastern city of Busan, Oct. 1. Yonhap The benefits of&hellip;\n","protected":false},"author":2,"featured_media":929935,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-929934","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/929934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=929934"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/929934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/929935"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=929934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=929934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=929934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}