Korea Joongang Daily
Korea JoongAng Daily

Asian Development Bank lowers Korea's growth forecast to 1.5% with another downgrade possible

The Asian Development Bank (ADB) lowered Korea’s growth forecast to 1.5 percent for 2025, its second downward revision in four months.

2025-04-09

Education ministry, ADB launch scholarship program for foreign students

The Ministry of Education, in collaboration with the Asian Development Bank (ADB), has launched a new scholarship program to support up to 50 foreign students in pursuing degrees in Korea.

2025-02-24

ADB cuts Korea’s 2025 growth forecast to 2%

The Asian Development Bank (ADB) has lowered its 2025 growth outlook for the Korean economy to 2 percent, the Ministry of Economy and Finance said Wednesday.

2024-12-11

OECD slashes Korea's growth projection to 2.5 percent

The OECD and ADB both project Korea's economic growth to be 2.5% for 2024, citing strong exports but weakened domestic demand.

2024-09-25

Let's build supply chains together, Yoon tells Asian countries

President Yoon Suk Yeol vowed to cooperate with Asian countries to build supply chains for chips and reusable batteries.

2023-05-03

Asean Plus Three is forecast to grow 4.6 percent in 2023

The Asean Plus Three region is expected to grow by 4.6 percent in 2023, said the finance ministers and central bankers of the nations in statement Tuesday.

2023-05-02

Migrants could help boost Korea's skilled workforce: Kremer

Migration can help highly skilled female workers enter the labor market, which can increase Korea’s economic growth rate, according to Nobel laureate Michael Kremer Tuesday.

2023-05-02

Finance minister stresses trilateral cooperation at Asia Development Bank meeting

Finance Minister Choo Kyung-ho stressed the importance of trilateral cooperation between Korea, China and Japan to achieve a rapid and sustainable recovery of the global economy at the Asia Development Bank (ADB) meeting in Incheon on Tuesday.

2023-05-02

Korean economy set to recover gradually over 2023: ADB economist

The Korean economy is set to rebound gradually in 2023, a senior economist at the Asian Development Bank (ADB) said Thursday, citing China's reopening and the recovery of the chip industry.

2023-04-20

ADB maintains 1.5 percent growth outlook on Korea for 2023

The Asian Development Bank (ADB) on Tuesday maintained its 1.5 percent growth outlook for Korea in 2023, citing continued uncertainties in the global economy. The latest estimate by the Manila-based bank remains unchanged from ...

2023-04-04