Logout / Access Other products Drop Down Arrow
Get live help Monday-Friday from 7:00AM-6:00PM ET (11:00AM-10:00PM GMT)  •  Contact Us
Check out our new FAQ section!
RSS Feed
Data Change: South Korea subnational - GVA - Re-referenced to 2015
Sunday, 29 Mar 2020 18:19 ET
By Annie Kao
Summary
March 2020 -- For the gross regional accounts for South Korea including gross value added by industry, concurrent with dissemination of results for 2018, the source has advanced the currency reference year from 2010 to 2015, reclassified to KSIC Rev. 10, and added Sejong (918 annual series 1985 to 2017, replaced by 972 from 2010).
Detail

In response, we have:

  1. Archived the predecessors (at 2010 prices, 1985 to 2017) by renaming with an "_10" specifier, marking metadata as "discontinued", and segregating in the catalog.
  2. Created one-for-one replacements, which start at 2010.
  3. Replaced the current-priced series in the same way, because they may have undergone a benchmark revision at this juncture.
  4. Added Sejong (IKOR_SJ).

Notable properties (for full list, see background):

  • Currency reference year: Changed from 2010 to 2015
  • Industry classification: Changed from KSIC Rev. 9 to Rev. 10
  • Geo coverage at province level: From 16 to 17

The series reside in the historical catalog:

  • South Korea » National Accounts » by Value Add » Annual
  • South Korea » National Accounts » Discontinued » Ref 2010 » Annual

and include, for example:

  • NALSGVAFA_10UA.IKOR_UL = [DISCONTINUED] National accounts: Production approach - Gross value added [at basic prices] - Accommodation and service activities, (Mil. KRW) - for Ulsan
  • NAHSGVAAFUA.IKOR_DJ    = Gross value added [at basic prices] - Agriculture; forestry; fishing, (Mil. Ch. 2015 KRW) - for Daejeon

Please be aware that

Sejong Special Self-Governing City was created in 2012 from the former Yeongi County.

Other
Related ReleaseRegional Accounts
SourceStatistics Korea
FrequencyAnnual
GeographyKorea (Republic of) (South)
Upcoming
Release DateReference date
14 Mar 20212019