South Korea: Building permits

(measure: building permits, source: Korean Statistical Information Service)
* indicates monthly or quarterly data series

Building permits in South Korea, March, 2020: The data series span the period from January 2001 to March 2020. During that time, the average value for South Korea was 7014 building permits with a minumum of 1541 building permits in February 2005 and a maximum of 13176 building permits in July 2016. The latest number is 6431, a change of 34.26% from the previous data point of 4790 building permits and a change of -15.81% from a year ago when the level was 7639 building permits.

The number of building permits is considered a leading macroeconomic indicator as it typically grows a few months ahead of an economic expansion and declines a few months before an economic slowdown. See more information about that indicator on our Building permits page.
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* indicates monthly or quarterly data series
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Measure: building permits
Source: Korean Statistical Information Service

Definition: Building permits are authorizations granted by a government or another regulatory body before the construction of a new building can legally occur.
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