Korea Joongang Daily
Korea JoongAng Daily

Global demand for chips boosts Korean presence in market as competition rises

Soaring demand for memory chips driven by AI infrastructure has significantly boosted Korea’s presence in the global semiconductor market, but mounting competition from China, United States and Japan is clouding the industry's long-term outlook.

2025-06-11

More ESG bonds issued in 2024 but by less firms: Report

Sales of environment, social and governance (ESG) bonds in Korea increased from a year earlier in 2024, driven by government-backed financial support, but the number of issuing firms declined, a report showed Tuesday.

2025-06-03

Korea's potential GDP rate to drop below 2% next year, OECD says

The Organisation for Economic Cooperation and Development (OECD) has projected that Korea’s potential GDP growth rate will dip below 2 percent next year — a first since the OECD began collecting such data in 1986.

2025-05-12

IMF halves Korea's growth forecast to 1% as instability persists

The International Monetary Fund cut Korea's economic growth forecast in half from 2 percent to 1 percent in its latest outlook, pointing to growing global uncertainty over U.S. trade policies.

2025-04-22

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

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

Business outlook for Q2 hits 11-quarter high

Korea's business outlook for the second quarter reached an 11-quarter high thanks to positive outlooks surrounding semiconductors and cosmetic products, a poll showed Sunday.

2024-03-31

KDI's 2024 growth forecast unchanged at 2.2%, inflation projection falls

The institute says the economy performed as expected in 2023, but high interest is curbing private consumption.

2024-02-14

IMF lifts Korea's 2024 economic growth forecast to 2.3%

The International Monetary Fund (IMF) inched up its forecast for Korea’s economic growth this year, anticipating a soft landing for the global economy.

2024-01-31

Korean companies delay investments over volatile economic outlook

Around half of Korea’s major corporations have not yet made their investment plans for next year amid an uncertain economic outlook caused by high interest rates, a weak Korean won, geopolitical conflicts and the slow recovery of China’s economy.

2023-12-05