The Bank of Korea Archives

South Korea Faces Economic Stagnation Without Productivity Breakthrough, Central Bank Warns

SEOUL, Jun. 11 (Korea Bizwire) – South Korea faces a grim economic outlook unless it can significantly boost productivity, according to a recent report by the Bank of Korea. The nation’s economic growth is at risk due to a combination of ultra-low birth rates, rapid aging, and stagnating productivity, which together could lead to economic stagnation [...]

Two-thirds of Firms to Increase Facility Investment This Year: Survey

SEOUL, March 27 (Korea Bizwire) – Two-thirds of South Korean firms plan to increase their spending on facility investment this year, a survey by the central bank showed Monday, as the nation’s exports show signs of a recovery. The Bank of Korea said in a statement that 66.7 percent of the 271 manufacturers checked said [...]