29.12.202523:00:00UTC+00South Korea's Service Sector Bounces Back in November with a 0.7% Increase

In a positive economic shift, South Korea's service sector output registered a significant recovery in November 2025, as evidenced by newly released data from the national statistics office. Following a decline of 0.7% in October, the latest figures report a rise to 0.7%, indicating a strong rebound month-over-month.

The update on December 29, 2025, highlights the volatile nature of the service sector, which saw a reversal of fortunes in a single month. October's downturn had raised concerns among economic analysts, but the resurgence in November suggests resilience in consumer demand and business activities. Experts are now eagerly examining which sub-sectors contributed most to the upswing and whether this trend is expected to continue as the economy moves forward.

This recovery in the service sector could provide a much-needed boost to South Korea’s overall economic landscape, as the service sector plays a crucial role in the nation's GDP. Stakeholders and policymakers might find these figures encouraging, as they suggest that efforts to stabilize and invigorate the economy are taking effect. Moving forward, close attention will be given to December's data to discern whether this is the beginning of a sustained upturn or merely a temporary rebound.