Statistics Korea

The Statistics Korea and the Bank of Korea have released the results of its 2020 benchmark revision of the Korean National Balance Sheets. The revision includes an update of the reference year from 2015 to 2020, along with changes in source data, concepts, and methodologies. These changes better align Korean National Balance Sheet statistics with the recommendations of the previously implemented System of National Accounts 2008 for compiling national economic accounts, in order to maintain comparability with other nations’ accounts. ※ For more information, refer to the attached file.