News
IMF upgrades Korea’s economic growth outlook to 3.2% this year
The International Monetary Fund said Tuesday that it has revised up its growth outlook for South Korea's economy this year to 3.2 percent. The upward revision came a month after the IMF adjusted South Korea's gross domestic product growth to ... Read More
Most of Koreans think the 1997 financial crisis caused fallout: survey
More than half of South Korean people think the 1997 Asian financial crisis had an adverse impact on the economy, society and their daily lives, a survey showed Tuesday. Twenty years ago, Asia's fourth-largest economy experienced a slump in its ... Read More
S. Korean leader calls for APEC free trade, pledges support for regional FTA
South Korean President Moon Jae-in urged efforts to promote free trade in the Asia-Pacific region Friday, voicing support for the early conclusion of a regional trade deal known as the Regional Comprehensive Economic Partnership. He made the call during a ... Read More
Korea’s economy to grow in mid-2% range next year: experts
South Korea's economy is expected to grow in the mid-2 percent range in 2018, slowing down from the 3 percent estimated for this year due to market uncertainties, economists said Monday. In a seminar arranged by the Korea Economic Research ... Read More
Korea’s global market share in exports to break record
With South Korea‘s exports rallying, its global market share is to touch a record high at 3.33 percent this year, a report by the Institute for International Trade, Korea International Trade Association, showed Monday. This is beyond 3.19 percent, the ... Read More
Korea’s per capita GNI poised to touch $30,000
Expectations are growing that Korea’s gross national income per capita will reach the level of $30,000, regarded as the threshold to enter the group of truly advanced economies, for the first time this year. Asia’s fourth-largest economy has failed to ... Read More
South Korean economy to remain in uncertain domain
South Korean economy will remain on the recovery trend but uncertainties will increase both internally and externally, the Economic Research Institute of the Industrial Bank of Korea said.