SEOUL, June 13 (Korea Bizwire) — South Korea’s economic recovery remains elusive, hampered by fragile domestic demand and worsening export conditions, as the government warns of persistent downward pressures that have now stretched into a sixth consecutive month. In its latest monthly economic report, known as the Green Book, the Ministry of Economy and Finance painted [...]
SEOUL, April 24 (Korea Bizwire) — The South Korean economy posted negative growth for the first time in about a year in the first quarter of 2025, central bank data showed Thursday, amid a domestic political crisis and uncertainties stemming from the Donald Trump administration’s sweeping tariff scheme. The country’s real gross domestic product (GDP) [...]
SEOUL, Feb. 7 (Korea Bizwire) — The International Monetary Fund (IMF) has cautioned that downside risks to South Korea’s economy remain significant, citing prolonged political uncertainty as a key factor that could dampen investment and consumer sentiment while heightening financial volatility. In its 2024 Annual Consultation Report on South Korea, released on February 7, the IMF [...]