South Korea’s service sector expanded at a slower pace in June 2026, with output rising 0.7% month-on-month, down from a 1.0% increase in May 2026. The latest figures, updated on 30 July 2026, indicate a moderation in the sector’s short-term growth momentum.
The data are based on month-on-month comparisons, meaning June’s 0.7% increase reflects how much service output grew relative to May, while May’s 1.0% figure shows the change compared with April. The deceleration suggests that while activity in services continues to grow, the pace of expansion has eased compared with the previous month’s gain.
