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The average monthly wage in Korea increased by 3.3% in 2024, driven by contributions from foreign institutions, finance, and insurance sectors. Kakao Mobility secured a contract to deliver mobility solutions for Saudi Arabia's Diriyah project.

Additionally, foreign shoppers significantly contributed to revenue growth in Korean department stores. In the defense sector, HD Heavy Hyundai delivered a vessel to the Philippine Navy ahead of schedule. The construction sector is facing challenges with small and midsize firms recording high delinquency rates in 2025.