Economic recovery continues despite uncertainties: finance ministry

Korea's economy continues to be on the path to recovery, supported by stronger domestic demand and solid performance in the semiconductor sector, despite lingering uncertainties, the finance ministry said Friday. The Ministry of Economy and Finance made the assessment in its monthly economic report, known as the Green Book, marking the fourth consecutive month it has used the term "recovery" to describe the economic situation. "Recently, our economy has continued to show a recovery trend, backed by improvements in domestic demand, including consumption, and robust exports led by semiconductors," the report said. However, the ministry cautioned that uncertainties remain, citing ongoing employment difficulties in vulnerable sectors, such as construction, and heightened month-to-month volatility in key indicators due to base effects from sharp increases in the third quarter. The report also cited the continued impact of U.S. tariff measures and other external risks as sources of concern. "The global economy is facing a worsened trade environment due to tariffs, and there are concerns over vo