- Macroeconomic and Financial Policies
- Industry and Market Policies
- Public Finance and Social Policy
- North Korean Economic Studies
- Global Economy
- Regulatory Studies
- Economic Information and Education Center
- Public and Private Infrastructure Investment Management Center
- Center for International Development
Macroeconomics and Financial Policy
to Provide Relevant Policy Guidance
and to Support the Government's Strategic Planning
The department provides macroeconomic policy guidance
and research and analysis on international finance and trade.
Financial
Policy

Major research fields
and Financial
Policy
Financial Econometrics
Financial Economics, Macroeconomics, Entrepreneurship Policies, Chinese Economy
Macroeconomics, Econometrics
Financial Economics, Macroeconomics, Microeconomics
Corporate Policy (Investment, Corporate Tax, Corporate Restructuring, etc.), Macroeconomics, Finance and Policy Finance
Financial Consumer, Financial Industry, Applied Econometrics
Banking and Finance
Macroeconomics
Urban and Regional Economics, Real Estate Economics
Macroeconomics, Firm Dynamics, Firm Innovation, International Trade
Financial Stability, Financial Engineering, Government Bond Management and Issuance Model, SMEs and Startups Financial Support Policies
Financial Markets, Asset Prices, Innovation Finance
Macroeconomics, Public Finance
- Economic Outlook
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KDI Economic Outlook 2023-1st Half
Office of Macroeconomic Analysis and ForecastingMay 11, 2023
The Korean economy is projected to experience a 1.5% growth in 2023, driven by a downturn in exports, particularly semiconductors, before seeing a 2.3% growth in 2024 driven by an accelerating export growth resulting from a recovery in external demand.
- Economic Outlook
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KDI ECONOMIC OUTLOOK | UPDATE 2023.02
Office of Macroeconomic Analysis and ForecastingFebruary 09, 2023
Whereas private consumption growth has a slight downward revision, the growth outlook for the Korean economy remains unchanged at 1.8% from the earlier projection as the export slump eases from the rebounding global economy.
- KDI Economic Outlook 2022
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Impact of External Uncertainty on Exchange Rate and Capital Flow
CHOI Woo jinMay 12, 2022
Rising external uncertainty increases the capital outflows and depreciates exchange rates, but the magnitude has decreased after 2014. In the short term, we suggest that the financial market be closely monitored and prepare for sudden market disruption. In the mid-to-long term, consistent efforts should be made for stable inflation, and the overall level of the public debt needs to be managed. Also, improvement in access to the forex market is highly recommended.
- KDI FOCUS
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Legal Maximum Rate Management Plan to Embrace the Vulnerable in the Period of Interest Rate Hike (KOR)
Kim MeerooJuly 26, 2022
Recently, the benchmark interest rate has continued to rise, and the procurement interest rate of financial institutions has also been rising. However, the legal maximum interest rate is fixed at 20%, raising concerns that those who took out high-interest loans will be pushed into non-institutional finance. Shall we take a closer look?
- KDI Economic Outlook 2021
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The Covid-19 Pandemic and Household Consumption
NAM ChangwooMay 13, 2021
Restrictions on social activities and avoidance of in-person consumption due to Covid-19 drove down overall household consumption but increased in non-face-to-face consumption.
- KDI Economic Outlook 2021
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Recent Oil Price Hikes and the Ripple Effect on the Korean Economy
CHON SoraMay 13, 2021
This study shows that, as an oil-importing economy, rising oil prices serve to diminish Korea’s household purchasing power and escalate production costs. The level to which economic entities are affected varies greatly depending on the degree of cost shifting.
- Research Monograph
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Investment and Business Cycles: focusing on Investment Dispersion
NAM ChangwooDecember 31, 2020
This study empirically verifies that the form of the adjustment cost function serves as an important mechanism in investment decision-making after confirming that the investment dispersion of Korean companies is pro-cyclical and can affect economic fluctuations.
- Research Monograph
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The Economic Implication of Land Purchase: A Study on the Net Purchase of Land by Corporate Sector Over the Long Term
OH Jiyoon, Cho DuksangDecember 31, 2019
This study uncovers the fact that Korean companies have been purchasing a large amount of land from households for about 40 years using various statistics such as national accounts and corporate financial data and examines empirically the incentives of corporations to purchase land.
- Report VOD
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The Global Trade Environment in the Biden Era and Response Strategies for Korea
SONG YeongkwanJanuary 19, 2021
- Report VOD
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Trade Liberalization and Manufacturing Productivity Changes in Korea During the Past Three Decades
SONG YeongkwanJuly 01, 2020
One of the key goals of trade policy, which includes FTAs, should be the enhancement of productivity in the overall economy through the improved productivity of the tradable sector.
- Seminar
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WHAT’S NEXT? KDI’s Perspective on the Future Agenda for the Korean Economy
February 17, 2021KDI Youtube Live
- Latest KDI Reports
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The Effect of the Volatility of Housing Supply on the Construction Industry
Inho SongDecember 31, 2018
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Transmission of Uncertainty Shocks in Korea: International Bond Market Approach
Jongho ParkDecember 31, 2018
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Analysis of North Korea’s Oil Trade and Policy Implications
Kyoochul KimDecember 31, 2018
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A Study on Agglomeration and Urban Growth
Moon, Yoon SangDecember 31, 2018
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The Effect of the Volatility of Housing Supply on the Construction Industry
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