Tag: korean economy

korean economy

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Containers fill a port in Pyeongtaek, Gyeonggi, on May 8. [YONHAP]

KDI projects economy to expand 2.5% this year on chips

The Korean economy is projected to expand 2.5 percent in 2026, supported by strong growth in the semiconductor industry and a recovery in domestic consumption, a state-run think tank said Wednesday.

2026.5.13

'Reverse base effect' to challenge Korean economy in 2025

Korean economy faces multiple headwinds in the wake of a leap year effect. Tripartite Cooperation in Joint Consultative body is urgently needed.

2025.1.8

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Containers are stacked at Busan Port on Thursday. [NEWS1]

Korea's manufacturing sector slumps to 25 years low

Korea's manufacturing sector output fell to its lowest level in 25 years in 2023 mainly due to weak demand for semiconductors amid an industry downcycle.

2024.1.31

A Country Garden Holdings apartment project is located on the outskirts of Beijing on Thursday. [AP]

Cooling Chinese demand may dampen Korea’s economic recovery

China's consumer demand, dampened by deflation fears and the decaying real estate market, is clouding Korea’s hopes for a turnaround in the second half of 2023. Its staggering economy may weigh down Korea’s key sectors, such as chips, though some...

2023.8.21

Containers for export and import are stacked at a port in Busan on Tuesday. [NEWS1]

Korea's GDP grew 0.6 percent in second quarter

Korea's economy grew for a second consecutive quarter on positive net exports, central bank data showed Tuesday. The country's real gross domestic product (GDP), a key measure of economic growth, increased 0.6 percent on quarter in the April-June...

2023.7.25

Finance Minister Choo Kyung-ho speaks during the National Assembly's Strategy and Finance Committee meeting in Yeouido, western Seoul, on Monday. [NEWS1]

Outlook lowered by weak exports, government optimistic

Global institutions are slashing Korea's growth outlook this year to a low 1 percent, citing weak exports and fiscal deficit. But the government remains optimistic, saying the economy will recover in the fourth quarter.

2023.5.22

Beware of Korea’s rush to join the advanced club

nly when the president expels populism from politics can the country move forward.

2023.5.7

[Column] The Korean economy at an inflection point

In the face of warnings of a “permacrisis,” the transitional period calls for structural reform to reassess and rebuild economic fundamentals.

2023.1.17

A customer shops for strawberries at a discount mart in Seoul on Thursday. [YONHAP]

Concerns loom for Korean economy on weak consumption, exports

The Korean economy is feared to face a bumpy road ahead on high inflation, slowing domestic consumption as well as sluggish exports, the Finance Ministry said Friday.

2023.1.13

Containers are stacked at a port in Busan on Jan. 10. [YONHAP]

Korea's exports down 0.9 percent during first 10 days of January

Korea's exports slipped 0.9 percent on year in the first 10 days of January, data showed Wednesday, as demand for chips and precision machinery slowed.

2023.1.11