Spotlight on Korea: Highlights from AMRO’s 2023 Annual Consultation Report on Korea
Watch the highlights of AMRO's 2023 Annual Consultation Report on Korea.
AMRO’s 2023 Annual Consultation Report on Korea
The near-term outlook for the Korean economy has improved, supported by the recovery of exports, and inflation is expected to decline further toward the target.
Korea Should Maintain Tight Monetary Policy and Continue Fiscal Consolidation to Safeguard Macroeconomic Stability
Korea's economy is forecast to rebound to an above-potential rate of 2.3 percent in 2024, supported by continued strengthening in goods exports, especially semiconductors.
ASEAN+3 Policymakers Should Rebuild Policy Space and Address Long-term Challenges Amid Positive Outlook
The ASEAN region is expected to benefit from a combination of these favorable factors, with growth in 2024 and 2025 forecast at 4.8 and 4.9 percent, respectively while growth in the Plus-3 region is expected to remain robust at 4.3 and 4.1 percent, respectively.
Korea: Restrictive Monetary Policy and Fiscal Discipline Essential for Inflation Stability and Fiscal Sustainability
Korea’s near-term growth outlook is expected to continue improving, reflecting the upturn in manufacturing exports, especially semiconductors.
The Rise and Fall of Kimchi Premium in Korea’s Virtual Asset Market
With a market capitalization of KRW23 trillion by H1 2022, Korea has been a hotspot for the virtual asset market due to lucrative returns on virtual asset trading, the so-called “Kimchi premium”.
How the Bank of Korea Could Best Respond to The Fed’s Tightening Policy
As a highly open economy, Korea is sensitive to unexpected shifts in the U.S. monetary policy stance.
BOK’s and Riksbank’s Pilot Studies: While Retail CBDC Would Yield Manifold Benefits, More Work Needs to Be Done
Key takeaways from the Bank of Korea and the Riksbank's pilot projects.
What Makes the Korean Won Move? Key Drivers to Watch
During 2022, the Korean won (KRW) exchange rate was highly volatile as the U.S. economy emerged from the pandemic and the U.S. dollar (USD) strengthened following the hawkish policy stance of the U.S. Federal Reserve.
AMRO’s 2022 Annual Consultation Report on Korea
The Korean economy has recovered strongly from the pandemic, led by robust export growth and a strong rebound in private consumption. However, inflation remains elevated and the economic outlook in the near term has deteriorated amid tighter financial conditions and weakening external demand.