SEOUL, Jan. 8 (Korea Bizwire) – South Korea’s economy is showing tentative signs of recovery, buoyed by firmer consumer spending and resilient exports, even as deepening weakness in construction continues to weigh on overall growth, a state-run research institute said Thursday. In its latest monthly assessment, the Korea Development Institute said gains in private consumption [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s economy is expected to rebound in 2026, driven by easing uncertainties and accommodative policies, an official from the International Monetary Fund (IMF) said Wednesday, calling on the country to put in efforts to revitalize domestic consumption and accelerate structural reforms to further boost growth. “Prolonged domestic political [...]
SEOUL, May 27 (Korea Bizwire) — As South Korea grapples with a prolonged domestic slowdown, economists and policymakers are sounding the alarm over an increasingly potent structural threat: the country’s shrinking and aging population. Already facing stagnating consumer sentiment, high inflation, and global uncertainty, South Korea’s economy is now contending with the compounding impact of demographic [...]