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Korea's economy expands 1.8% in Q1, faster than earlier estimate: BOK

With the Korean economy growing at its fastest pace in more than five years in the first quarter, the Bank of Korea and other local and international institutions lifted the country's growth forecasts.

2026.6.9

Containers are stacked at Pyeongtaek Port in Pyeongtaek, Gyeonggi, on March 1. [YONHAP]

Korea's GNI per capita stagnant in $36,000 range as Japan, Taiwan surge ahead

Korea's gross national income per capita barely moved last year, remaining in the $36,000 range as Japan's surged ahead on the back of a calculation adjustment and Taiwan's extended its lead thanks to the semiconductor boom.

2026.3.10

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Containers ready for export are piled up at a port in Busan on March 6. [YONHAP]

Korean economy grows 1% in 2025, while Q4 GDP contracts 0.2%: BOK

The Korean economy expanded 1 percent in 2025 amid strong exports but posted negative growth in the fourth quarter, central bank data showed Tuesday. The country's real GDP — a key measure of economic growth — contracted 0.2 percent.

2026.3.10

People shop in Myeong-dong, central Seoul, on Tuesday. Korea's gross national income per capita reached $33,745 last year, growing 2.6 percent from a year earlier, according to Bank of Korea data.[YONHAP]

Korea's GNI pips Taiwan's again on won-dollar stabilization

The country's gross national income reached $33,745 in 2023, according to data from the Bank of Korea, after falling behind Taiwan's in 2022.

2024.3.5

Containers are stacked at a pier in Korea's largest port city of Busan on July 4, 2023. [YONHAP]

Koreans got richer last year as national income recovers

Korea’s per capita gross national income (GNI) reached $33,745 last year, up 2.6 percent from a year earlier as the economy started to pick up and the won stabilized against the greenback.

2024.3.5

North Korea commemorates the 78th anniversary of the establishment of its ruling communist party on Oct. 10, as seen in this photo released by the North's state-run Korean Central News Agency. [YONHAP]

North Korea's economy contracts for third straight year

North Korea’s economy shrank for the third consecutive year while the country’s population reached 25.7 million, around half of South Korea’s 51.67 million, according to Statistics Korea’s report on Wednesday.

2023.12.23

Shipping containers are stacked up at a port in Busan on Aug. 1 [JOONGANG PHOTO]

Korea's GDP up 0.6% in Q2 despite export decline

Korea’s gross domestic product (GDP) grew 0.6 percent in the April-June period from the previous quarter, remaining unchanged from the earlier estimate.

2023.9.5