Korea's national debt is projected to approach 60 percent of its GDP by 2030, government data showed Sunday, with the pace of increase widely expected to accelerate amid slowing growth and growing fiscal burdens.
SK Group Chairman Chey Tae-won called for a new growth model centered on social value to address Korea's low-growth economy during a forum on Tuesday.
The Korean economy expanded 1 percent in 2025 amid strong exports but posted negative growth in the fourth quarter, central bank data showed Tuesday. The country's real GDP — a key measure of economic growth — contracted 0.2 percent.
Korea's GDP growth for 2026 could fall by nearly 0.5 percentage points should oil prices remain high in light of alarming geopolitical developments in the Middle East, a report showed Tuesday.
Korea's state-run economic think tank on Wednesday raised its 2026 growth forecast for the domestic economy to 1.9 percent, citing strong semiconductor exports and a recovery in consumer spending.
Korea’s economy contracted in last year's fourth quarter as weakness in construction and corporate capital spending outweighed gains from chip exports, pushing growth well below the central bank’s forecast, preliminary data showed on Thursday.
The Korean economy expanded 1 percent last year, driven by robust exports, but posted negative on-quarter growth in the fourth quarter, central bank data showed Thursday.
Korea’s per capita gross domestic product fell in 2025 for the first time in three years as slowing growth and a weaker won weighed on the figure, while Taiwan moved ahead on the strength of its semiconductor exports.
The gross regional domestic product in Korea rose 6.2 percent in 2024 from a year earlier, led by gains in the manufacturing sector and the greater capital area, government data showed Tuesday.
The U.S.-China power struggle is reshaping the economic landscape of the East Asian “JaKoTa” triangle — Japan, Korea and Taiwan — with Taiwan rising rapidly on the back of its overwhelming strength in the semiconductor foundry sector.
Korea JoongAng Daily Sitemap
