Tag: gdp

gdp

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Korea's economy expands 1.8% in Q1, faster than earlier estimate: BOK

With the Korean economy growing at its fastest pace in more than five years in the first quarter, the Bank of Korea and other local and international institutions lifted the country's growth forecasts.

2026.6.9

Bank of Korea Gov. Shin Hyun-song delivers opening remarks at the BOK International Conference in Seoul on June 1. [YONHAP]

BOK chief emphasizes strong growth allows focus on inflation in monetary policy

Bank of Korea (BOK) Gov. Shin Hyun-song said Monday the country's strong economic growth gives the central bank greater room to focus on curbing inflation in monetary policymaking, signaling a hawkish stance.

2026.6.1

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Export-bound shipping containers are seen in Pyeongtaek port in Gyeonggi on May 8. [NEWS1]

Korea posts fastest Q1 growth globally on surge in chip exports

Korea's economy grew at the fastest pace in the world in the first quarter of 2026, rebounding sharply from nearing the bottom just a quarter earlier on the back of a semiconductor-led export surge.

2026.5.12

Shipping containers at a dock in Busan on March 31 [NEWS1]

Korean GDP growth forecasts rise to 3 percent, but BOK more likely to hike rates

Korea's real GDP is expected to grow by as much as 3 percent this year after strong exports in the first quarter, according to global investment banks.

2026.5.4

Export-bound containers are shown at the Pyeongtaek port in Gyeonggi on April 23. [NEWS1]

GDP grows 1.7% in Q1, nearly double February forecast: BOK

Korea’s economy grew 1.7 percent in the first quarter, rebounding far more sharply than expected on strong semiconductor exports and recovering investment, the Bank of Korea (BOK) said Thursday.

2026.4.23

People shop at the Emart Traders superstore in Nowon District, northern Seoul, on April 10. [NEWS1]

Korea's debt-to-GDP ratio projected to reach 60% by 2030 amid slower growth

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.

2026.4.12

SK Group Chairman Chey Tae-won, far left, speaks during a forum hosted by the Center for Social Value Enhancement Studies at the Korea Foundation for Advanced Studies headquarters in Gangnam District, southern Seoul, on March 11. [YONHAP]

SK Group's Chey sees 'social value,' not GDP, as key to unlocking Korea's future growth

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.

2026.3.11

Containers ready for export are piled up at a port in Busan on March 6. [YONHAP]

Korean economy grows 1% in 2025, while Q4 GDP contracts 0.2%: BOK

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.

2026.3.10

Prices of oil are displayed at a gas station in Seoul in this photo from March 2. [YONHAP]

Korea's GDP growth may shed 0.45 percentage points if oil prices stay high: Citibank

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.

2026.3.3

Containers ready for export are piled up at a port in Incheon on Feb. 1. [NEWS1]

KDI ups Korea's 2026 growth outlook to 1.9 percent, cites strong chip exports, consumer spending

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.

2026.2.11