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.

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.

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.

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?

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.

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.

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.

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.

SONG YeongkwanJanuary 19, 2021

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.

February 17, 2021KDI Youtube Live

• The Effect of the Volatility of Housing Supply on the Construction Industry

  Inho SongDecember 31, 2018

• Transmission of Uncertainty Shocks in Korea: International Bond Market Approach

  Jongho ParkDecember 31, 2018

• Analysis of North Korea’s Oil Trade and Policy Implications

  Kyoochul KimDecember 31, 2018

• A Study on Agglomeration and Urban Growth

  Moon, Yoon SangDecember 31, 2018