IMF projects Korea's real GDP per capita to lag behind Taiwan's by over $10,000 in five years

Korea’s real GDP per capita is projected lag behind Taiwan's by more than $10,000 in five years, according to forecasts released by the International Monetary Fund (IMF) earlier this week.

2026-04-19

Global investment banks raise Korea's growth outlooks amid 'K-shaped' recovery risks

Major global investment banks have upgraded their forecasts for Korea's economic growth, but warned that the economy is showing signs of an uneven "K-shaped" recovery, a report by the international finance center said Tuesday.

2026-01-20

Nonviable companies slow Korea's growth by 0.5 percent of GDP

The failure to eliminate unprofitable, debt-laden companies held back Korea's economic growth by up to 0.5 percent of GDP, the country's central Bank said in a report on Wednesday.

2025-11-12

BOK board member says rate cuts needed to prop up growth

Lee Soo-hyung, a member of the Bank of Korea's monetary policy board, said rate cuts are needed to prop up growth while assessing the impact of housing and monetary policies.

2025-09-11

Morgan Stanley raises Korea's growth outlook to 1.1%

Morgan Stanley on Thursday revised up its 2025 economic growth outlook for Korea to 1.1 percent from 1 percent, citing easing tensions between the United States and China over tariffs.

2025-05-22

Korea on track to slip below 1% growth for widest gap with global average since 1998

Korea's economy is set to post sub-1 percent growth this year for the widest difference from the world average, projected by the World Bank to come in at 2.7 percent, since the Asian financial crisis.

2025-05-22

Weakening industrial competitiveness endangering Korean economy, business groups tell DP candidate Lee

The heads of Korea’s five major business groups convened with Democratic Party presidential candidate Lee Jae-myung on Thursday, warning that weakening industrial competitiveness has put the Korean economy at risk.

2025-05-08

KDI lowers 2025 growth forecast on export slowdown

Korea Development Institute (KDI) slashed the country's 2025 economic growth outlook to 2 percent Tuesday citing anticipated slowdown in exports despite improvements in domestic demand.

2024-11-12

Yoon touts economy as exports power $30B current accounts surplus

President Yoon addressed the dire birthrate situation in the country and said that "there isn't much time" left. "We need to take the situation more seriously and contemplate causes and solutions at a different level than before," he said.

2023-12-26

Asia Development Bank maintains Korea's 2024 economic growth forecast at 2.2%

The Asian Development Bank (ADB) on Wednesday maintained its next year's economic growth forecast for Korea at 2.2 percent while revising up its forecast for the country's inflation to 2.5 percent.

2023-12-13

korea joongAng daily