GDP

Economy Korea’s Q1 economic contraction adds to stimulus expectations

South Korea's economy unexpectedly contracted in the first quarter as exports and consumption fell amid a political crisis and fears over the impact...

Central bank BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

Economy S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast

South Korea’s economy expanded 2.0% last year, falling short of the central bank’s forecast on weaker-than-expected growth in the fourth...

Central bank BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey

South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...

Economy State-run think tank KDI slashes GDP forecast, urges BOK to cut rates

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

Economy S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

Central bank Bank of Korea holds rate steady, signals pivot to easing soon

South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...

Economy S.Korea beats Japan in GNI per capita for 1st time in 2023

South Korea outstripped Japan in terms of per capita gross national income (GNI) for the first time in 2023, central bank data showed, with the Japa...

Central bank BOK's rate policy back to square one after GDP, Fed comments

TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the...

Economy OECD sharply revises up S.Korea GDP forecast after strong Q1

The Organisation for Economic Co-operation and Development (OECD) forecasts South Korea’s economy to expand at a faster pace than it previousl...

Economy South Korea’s corporate tax-to-GDP ratio hits record high

South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...

Economy S.Korean newly married couples’ birth rate at record low

South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...

Economy S.Korea’s Q3 GDP up 0.6% on-quarter on recovery in exports

South Korea’s economy in the third quarter grew 0.6% from the previous quarter, extending a growth streak to three consecutive quarters on a r...

Economy Samsung Electronics creates $216 bn social wealth in 2022

Samsung Electronics Co. created 281.4 trillion won ($216 billion) worth of social wealth in 2022, meaning it distributed that amount of wealth to ot...

Private equity Central Europe’s fast-growing economy attracts global investors: Abris

More investors choose safer assets in developed regions such as the US and Western Europe today with rate hikes and liquidity tightening. But Poland-b...

Economy 1% reduction in working-age population reduces GDP by 0.59%: report

A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...

Economy Korea avoids recession on strong consumption; outlook still tough

South Korea averted a recession as Asia’s fourth-largest economy rebounded more than expected in the first quarter on strong private consumpti...

Economy ADB cuts Korea’s 2023 growth outlook as trade in deficit for sixth month

The Asian Development Bank (ADB) has slashed its 2023 growth outlook for the South Korean economy, citing daunting global risks, as the country is h...

Economy Korea to cut spending in 2023, first time in 13 years

South Korea plans to reduce spending in 2023 for the first time in 13 years by cutting pandemic-era stimulus payments in a move to curb the country&...

Economy Slower Korean economic growth puts 4% target at risk

South Korea’s economy expanded slower than expected in the third quarter on sluggish private consumption and capital expenditures offset healt...

Economy Korea proposes record budget for 2022 to speed up recovery

South Korea’s government proposed a record high spending for 2022 to reinforce a recovery in Asia’s fourth-largest economy despite a wid...

Economy Korean economy nears pre-pandemic level, prompts GDP upgrades

South Korea’s faster-than-expected economic growth in the first quarter is prompting analysts to raise their growth outlook for this year, wit...

Economy S.Korea's public debt tops GDP for first time in 2020

South Korea's government debt surpassed its gross domestic product for the first time in 2020, with public debt reaching its highest level ever foll...

Korean stock market S.Korea's stock market cap tops nominal GDP for the first time

The combined value of South Korea’s main stock market, which wrapped up last year at its highest-ever closing level, topped the country’...

South Korea GDP Korean exports remain sluggish in Q2 as GDP sees worst contraction since 2008

South Korea's real gross domestic product contracted 3.2% quarter on quarter, posting 448.2 trillion won ($378.1 billion) in Q2, according t...

Central bank Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold

The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...

Central bank Bank of Korea to sharply lower 2020 GDP forecast: governor

The South Korean economy is expected to shrink at a steeper rate than the expected 0.2% this year, and the Bank of Korea (BOK) will sharply revise dow...

TBILISI, US – The Bank of Korea (BOK) will likely be back to square on monetary policy as stronger-than-expected economic growth in the first qu...