Tag: ADB

ADB

Latest News

ADB lifts Korea growth outlook to 3.2 percent on AI exports

The Asian Development Bank raised Korea's 2026 growth forecast to 3.2 percent, citing surging AI chip exports, strong corporate earnings and fiscal support.

2026.9.23

Korean Finance Minister Koo Yun-cheol, left, shakes hands with President of the Asian Development Bank Masato Kanda at the central government complex in Seoul on Sept. 14.

Finance minister, ADB chief discuss cooperation in supply chains, AI and energy

Koo Yun-cheol met with Masato Kanda ahead of the Korea-Central Asia Summit set for Wednesday to discuss concrete developments.

2026.9.14

Asian Development Bank raises Korea's 2026 growth outlook to 1.9%

The Asian Development Bank (ADB) has raised its growth outlook for Korea this year to 1.9 percent on the back of rising exports and improved private consumption, the Ministry of Finance and Economy said on Friday.

2026.4.10

Containers for export shipments are piled up at a port in Pyeongtaek, Gyeonggi on July 21. [NEWS1]

ADB slashes Korea's 2025 growth forecast to 0.8 percent

The Asian Development Bank (ADB) has sharply revised down its economic growth forecast for Korea this year to 0.8 percent, the finance ministry said Wednesday.

2025.7.23

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index, top left, and the foreign exchange rate between dollar and Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in central Seoul on April 9. [AP/YONHAP]

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.

2025.4.9

Acting President Choi Sang-mok and Masatsugu Asakawa, president of the Asian Development Bank, speaks during a meeting in May 5, 2024. [NEWS1]

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.

2025.2.24

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

President Yoon Suk Yeol speaks at an annual meeting of Asian Development Bank last year. [JOINT PRESS CORPS]

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.

2024.9.25

President Yoon Suk Yeol gives a speech at the opening ceremony of the 56th Asia Development Bank meeting held in Incheon on Wednesday. [YONHAP]

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.

2023.5.3

Finance ministers and central bank governors from the Asean Plus Three region pose for a photo at a hotel in Incheon during the Asia Development Bank meeting Tuesday.

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.

2023.5.2

Tag: ADB

ADB

Latest News

ADB lifts Korea growth outlook to 3.2 percent on AI exports

Finance minister, ADB chief discuss cooperation in supply chains, AI and energy

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