Asean research office slashes Korea's growth forecast to 1.6%

The Asean+3 Research Office joined other Korean and overseas institutions in downgrading the country's GDP growth this year, hacking off 0.3 percent for a 1.6 percent projection.

2025-03-21

OECD cuts Korea's 2025 GDP forecast to 1.5%

The Organisation for Economic Cooperation and Development significantly lowered Korea's growth forecast.

2025-03-17

Korea's economy will continue to drag in 2025, economists say

Korean economists predict the economy will grow 1.6 percent this year, below the government's 1.8 percent forecast.

2025-02-02

Korea's per capita GDP outruns Japan, Taiwan in 2024: Data

Korea's GDP per person is estimated to have exceeded the $36,000 mark last year, data showed Sunday.

2025-02-02

Korea's GDP grows 2 percent, missing expectation, on martial law turmoil

Korea's economy grew 2 percent in 2024, underperforming expectations, due to political turmoil and weak private consumption.

2025-01-23

Korea's economy grows 0.1% in Q4, annual growth misses expectations

Korea’s economy grew 2 percent in 2024, falling short of the Bank of Korea's (BOK) 2.2 percent projection, as fourth-quarter growth significantly underperformed due to political turmoil.

2025-01-23

BOK cuts 2025 growth forecast to 1.7% in rare January release

The Bank of Korea cut its growth forecast for this year from 1.9 percent to 1.6 to 1.7 percent in a rare January disclosure, citing concerns over contracting consumer sentiment on the back of political uncertainties.

2025-01-20

Investment banks lower Korea's growth forecast to 1.7% amid political chaos

Major global investment banks expect the Korean economy to grow 1.7 percent this year as the country grapples with weak consumer confidence and uncertainty ahead of President-elect Donald Trump’s inauguration.

2025-01-07

Gov't announces plan to ease burdens on construction companies amid slowdown

The government outlined new plans to alleviate cost burdens and ease budget regulations for construction companies. The plan was announced on Monday during a ministerial meeting on economic affairs.

2024-12-23

Korea's economic growth likely to fall short of 2% next year, finance minister warns

Korea’s economic growth next year is likely to fall below the potential growth rate of 2 percent, Finance Minister and Deputy Prime Minister Choi Sang-mok said Monday.