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Four people stand and sit by the Han River, facing buildings across the water in Seoul.

OECD projects Korea's potential growth rate to hit record low in 2027

Korea's potential growth rate is projected to fall to a record low next year, according to the Organization for Economic Cooperation and Development (OECD) on Sunday, despite robust exports fueled by a semiconductor boom.

2026.6.7

Containers are piled up for export at the Pyeongtaek Port in Gyeonggi on April 1. [YONHAP]

OECD growth forecast for Korea soars to 2.6% on chip exports

The Organisation for Economic Cooperation and Development raised Korea's 2026 growth outlook from 1.7 percent to 2.6 percent, the largest upward revision among Group of 20 countries amid a continuing semiconductor export boom.

2026.6.3

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This photo provided by the International Transport Forum (ITF) shows Na Ki-ho, right, vice president of Hyundai Motor's policy coordination office, speaking with a participant during a session titled ″Steering Artificial Intelligence for Transport Resilience: Governance and Funding Pathways″ at the 2026 ITF Summit at the Congress Center Leipzig in Leipzig, Germany, on May 6. [YONHAP]

OECD transport ministers gather in Germany to address resilience amid trade disruptions

Transport ministers and senior officials from member countries of the OECD gathered in Germany on Wednesday to discuss how to strengthen the resilience of transport systems as global trade and travel face growing disruptions.

2026.5.6

Doctors walk down a corridor inside a hospital in Seoul on May 1. [YONHAP]

Over 70% of Korean doctors work six days or more each week: Report

More than seven in 10 Korean doctors work at least six days a week, with outpatient physicians seeing an average of more than 50 patients a day, according to a report released Friday.

2026.5.1

Containers are stacked at a port in the city of Pyeongtaek, Gyeonggi, in this file photo from April 1. [YONHAP]

OECD forecast Korea's potential growth outlook to hit record low 1.52% in late 2027

Korea's potential growth rate is projected to fall to a record low in the fourth quarter of next year, continuing a decade-long downward trend, according to the Organisation for Economic Cooperation and Development (OECD).

2026.4.26

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

Kim Young-su, first vice minister of the Office for Government Policy Coordination, speaks during a briefing held in Jongno District on March 24. [YONHAP]

Korea's official development assistance declines 3.9 percent to $3.87 billion in 2025

Korea's official development assistance (ODA) posted an on-year decrease of 3.9 percent to $3.87 billion in 2025, due to a weak exchange rate and reduced multilateral aid, the government said Friday.

2026.4.10

Older people are lined up at a job fair held at Mapo District Office in Mapo District, western Seoul, on Dec. 10. [NEWS1]

Almost 40 percent of Koreans over 65 living below median income line, worst among OECD nations

Four out of 10 older Koreans are living on less than half the country's median income, the highest percentage of any OECD member state, as the rapid growth of Korea's aging society is wearing down the social safety net for people after retirement.

2025.12.26

Export containers are stacked at Pyeongtaek Port in Gyeonggi on Nov. 14. [YONHAP]

OECD, IMF projects rosier 2026 for Korean economy

Global economic organizations project that 2026 will be rosier for the Korean economy as eased tensions in the international market and revived consumer sentiment mark a recovery in export trade and domestic consumption.

2025.12.2

Job-seekers look at listings for workers aged 60 or over at a job fair in Suwon, Gyeonggi, on March 28. [NEWS1]

Korea's older people more likely to be working than in other major economies

Korea’s older people remain the most likely among major economies to hold a job, reflecting how early retirement and modest pension benefits keep many people aged 65 or older in the work force.

2025.11.26