Finance minister signals cut in growth forecast, warns of downside risks

Finance Minister Choi Sang-mok indicated a possible cut to the government’s growth forecast for this year after Korea’s economic growth remained tepid in the third quarter, warning against burgeoning downside risks.

2024-10-25

Economy barely grows in Q3, signaling challenges ahead

Korea's economic growth came nearly flat in the third quarter amid weakening exports, casting a shadow over the country’s growth outlook for the year.

2024-10-24

Korea's economy barely grows in Q3 as export struggles persist

Korea’s economy remained almost flat in the third quarter, inching up by 0.1 percent, following a 0.2 percent contraction in the previous quarter.

2024-10-24

한국이 세계에서 두번째로 높은 성장률 전망치 기록한 이유

Korea pulled off a major surprise with a 0.4-percentage-point-or-higher uptick in its growth projections by various economic institutions at home and abroad, one of the steepest among advanced economies.

2024-06-05

Korea's national income grows 2.4%, GDP 1.3% in Q1

Korea’s gross national income (GNI) grew 2.4 percent in the first quarter, the biggest jump in 8 years, outpacing the economic growth of 1.3 percent.

2024-06-05

KDI ups growth forecast to 2.6 percent as exports surge

The KDI raised its growth forecast to 2.6 percent due to strong exports, in line with OECD projections.

2024-05-16

OECD ups Korea's growth forecast to 2.6 percent

The OECD raised Korea's growth forecast to 2.6 percent due to strong chip demand and rebounding exports.

2024-05-02

Fitch foresees upgrade of Korea's 2024 growth projection

The credit rating agency said robust exports and consumer spending is likely to prompt an upward revision of Korea's economic growth forecast for this year.

2024-04-26

GDP rises 1.3% on recovery in exports, construction investment

Korea's economy grew at the fastest pace in two years, over twice the market estimate of 0.6 percent, as exports expanded and construction investment rose.

2024-04-25

'Textbook return to growth': Korea's Q1 GDP surges beyond expectations

Korea’s two-year-high, stronger-than-expected growth in the first quarter is a “textbook return to the growth path” for the country’s economy, said the Ministry of Economy and Finance on Thursday.