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forecast

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Chuseok rain to ease Saturday across Korea, with heavy showers on Jeju

Rain disrupting holiday travel will taper off Saturday, though southern regions and Jeju face heavier showers into the day.

2026.9.25

Kospi reaches 8,962.66 during an intraday trading session on May 18. The electronic display shows Kospi fluctuation in a bank in central Seoul.

IBK Securities raises Kospi forecast to between 8,000 and 11,000, predicts summer rally could push index to 10,000

The financial firm lifted its yearly outlook for the main bourse, banking on a summer rally that could send the index past 10,000 due to economic indicators, earnings outlooks and semiconductor-related margins trending upward.

2026.6.22

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Export-bound containers are stacked at Pyeongtaek Port in Gyeonggi on Jan. 13. [NEWS1]

Half of economists forecast 1% growth range for Korea

More than half of economic experts expect Korea's economic growth to remain in the 1 percent range for the time being, a local survey showed Sunday.

2026.1.25

People walk at the shopping area of Myeong-dong in Jung District, central Seoul, on Nov. 25. [YONHAP]

Business sentiment reaches 1-year high in November on semiconductor boom: BOK survey

Business sentiment in Korea rose to the highest level in more than a year in November, supported by an ongoing boom in the semiconductor industry and improving consumer sentiment, a central bank survey showed Wednesday.

2025.11.26

Skiers are seen at Mona Yongpyeong ski resort in Pyeongchang, Gangwon on Nov. 21. [YONHAP]

Milder than usual winter temperatures expected

Temperatures in Korea this winter are expected to be similar to or higher than average, making for a relatively mild and less cold season.

2025.11.24

IMF raises Korea's 2025 growth outlook to 0.9% on smaller-than-expected U.S. tariff impact

The International Monetary Fund on Tuesday slightly raised its growth forecast for Korea's economy to 0.9 percent for this year, saying that effects from U.S. tariff measures have been smaller than expected so far.

2025.10.15

People walk in the rain near the National Palace Museum of Korea in Jongno District, central Seoul, as heavy rains fell in the metropolitan area on Aug. 13. [NEWS1]

More heavy rain forecast for Korea's northern and central regions, south to expect lighter showers

Another bout of heavy rain is expected on Thursday, especially in the central regions of the country, while the southern regions of the peninsula and Jeju Island are expected to see partly cloudy skies.

2025.8.14

Containers for export shipments are piled up at a port in Pyeongtaek, Gyeonggi on July 21. [NEWS1]

ADB slashes Korea's 2025 growth forecast to 0.8 percent

The Asian Development Bank (ADB) has sharply revised down its economic growth forecast for Korea this year to 0.8 percent, the finance ministry said Wednesday.

2025.7.23

Citizens visiting a cherry blossom festival in Yeouido, western Seoul, walk across an avenue with blossoms in full bloom on April 8. [NEWS1]

Cherry blossoms to meet early end with 'yellow dust rain' this afternoon

Rain and yellow dust are expected across Korea, impacting cherry blossoms and causing potential meteotsunamis near coastal areas.

2025.4.9

Containers are stacked up at a pier in Busan on Nov. 21. [JOONGANG PHOTO]

OECD cuts Korea’s 2023 economic forecast to 1.4 percent

The Organisation for Economic Co-operation and Development (OECD) has slashed Korea’s 2023 economic forecast to 1.4 percent, citing weak domestic spending amid high inflation.

2023.11.29