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South Korea

Macroeconomy

Finance & Banking

Geostrategy

Key Indicators

Korea KOSPI Composite
Index Price Level
2104.18, 2102.41, 2135.78, 2095.51, 2111.5 2,111.5
Dollar exchange rate
Korean won/USD - South Korea
1116.2, 1116.76, 1130, 1128.24, 1125.16 1,125.16
KOR GDP
Constant Prices, Growth rate previous period, SA, % - South Korea
2.12, 1.43, 0.73, 0.54, 1.37 1.37
KOR ITS Exports f.o.b. total sa
Monthly Levels in US$, SA, USD (billions) - South Korea
39.36, 37.55, 40.85, 39.73, 36.51 36.51
BOP
Current Account, USD - South Korea
1929.8, 2114.4, 229, 1178.3, 1434.5 1,434.5
External Debt
Gross Total, USD - South Korea
401922, 411210, 407426, 366022, 359985 359,985
CPI
Total (2005=100) - South Korea
117.8, 118.9, 119.8, 120.4, 120.4 120.4
data by Factset

South Korea Outlook: Drifting Into the Slow Lane

We have revised downward our expectations for 2012 to account for weaker growth in China and the eurozone. Negative feedback loops from the external sector and financial markets will weigh on domestic demand. The political calendar should prompt a supportive fiscal stance and we expect the Bank of Korea (BoK) to ease rates as growth suffers and inflation rolls over in Q1 2012.

Read the latest South Korea Outlook

Economic Research

Asia Weekly

South Korea Inflation; Malaysia Monetary Policy; Indonesia GDP and Inflation

By Michael Manetta, Adam Wolfe and Ayoti Mittra Jan 26, 2012

Central Bank Watch

Bank of Korea: December Update

By Adam Wolfe Dec 15, 2011

Asia Weekly

South Korea, Indonesia and Australia Outlook Highlights

By Michael Manetta and Adam Wolfe Dec 15, 2011

Global Economic Outlook

Asia Outlook: The World Is Not Enough

By Adam Wolfe, Michael Manetta, Ayoti Mittra and Kunal Kumar Kundu Dec 9, 2011

Global Economic Outlook

South Korea Outlook: Drifting Into the Slow Lane

By Adam Wolfe Dec 8, 2011

Central Bank Watch

Bank of Korea: November Update

By Adam Wolfe Nov 17, 2011

Asia Weekly

India Inflation; Malaysia GDP

By Kunal Kumar Kundu, Ayoti Mittra and Adam Wolfe Nov 10, 2011

Asia Weekly

South Korea Monetary Policy; Philippines Exports; China GDP and Inflation

By Adam Wolfe, Michael Manetta and Mikka Pineda Oct 6, 2011

Global Economic Outlook

Asia Outlook Update: You Only Live Twice

By Adam Wolfe, Michael Manetta and Mikka Pineda Sep 19, 2011

Global Economic Outlook

South Korea Outlook Update: Growth Worries Trump Inflation Scares

By Adam Wolfe Sep 15, 2011

Central Bank Watch

Summary Table: RGE Policy Rate Forecasts and Market Interbank Rate Expectations

By Michael Manetta and the RGE Economic Research Team Aug 19, 2011

Central Bank Watch

Bank of Korea: August Update

By Adam Wolfe Aug 19, 2011

Asia Weekly

Outlook Updates for Australia, China, Malaysia, Pakistan, Singapore, South Korea, Taiwan and Vietnam

By Arpitha Bykere, Michael Manetta, Mikka Pineda and Adam Wolfe Jun 23, 2011

Global Economic Outlook

South Korea Outlook Update: Exports Save the Day

By Arpitha Bykere Jun 21, 2011

Asia Weekly

Australia, Indonesia, Korea and China Monetary Policy; China Trade; Philippines Inflation; Malaysia Industrial Production

By Michael Manetta, Mikka Pineda, Adam Wolfe and Arpitha Bykere Jun 2, 2011

Economic Research

Overheating Asia Yearns for Policy Coolants

By Arpitha Bykere, Michael Manetta and Adam Wolfe May 9, 2011

Asia Weekly

Australia and Singapore Inflation, South Korea and Taiwan Growth

By Michael Manetta, Mikka Pineda, Adam Wolfe and Arpitha Bykere Apr 21, 2011

Economic Research

Japan's Earthquake: Can the Growth Impact on EM Asia Be Discounted?

By Michael Manetta, Arpitha Bykere and Adam Wolfe Apr 12, 2011

Asia Weekly

Second-Round Price Effects Rising in Asia

By Arpitha Bykere, Michael Manetta, Adam Wolfe and Mikka Pineda Mar 24, 2011

Economic Research

South Korea’s Inflation Headache Unlikely to Ease Soon

By Arpitha Bykere Mar 24, 2011

Economic Research

New Risks to South Korea’s Export Outlook

By Arpitha Bykere Mar 24, 2011

Global Economic Outlook

South Korea Outlook: Rocky Road to Recovery

By Arpitha Bykere Mar 18, 2011

Global Economic Outlook

Asia/Pacific Outlook: Dreaming of Decoupling

By Arpitha Bykere Mar 18, 2011

Asia Weekly

Will Asia Heat Up as Winter Ends?

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Feb 3, 2011

Economic Research

South Korea's Herculean Task of Getting on the Curve

By Arpitha Bykere Feb 3, 2011

Asia Weekly

Priorities Shift From Revving Growth to Reducing Inflation

By Michael Manetta, Mikka Pineda, Arpitha Bykere and Adam Wolfe Jan 27, 2011

Economic Research

Can Capital Controls Resolve Asia's Policy Trilemma?

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Jan 24, 2011

Economic Research

Q4 2010 Marks South Korea’s Second Leg of Recovery

By Arpitha Bykere Jan 20, 2011

Economic Research

Still Not a Tiger: The Decline of Malaysia's Electronics Sector

By Michael Manetta Dec 29, 2010

Global Economic Outlook

Global Overview: 2011 Outlook

By Christian Menegatti, Nouriel Roubini and the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

South Korea: 2011 Outlook

By Arpitha Bykere Dec 7, 2010

Global Economic Outlook

Asia/Pacific: 2011 Outlook

By Arpitha Bykere Dec 7, 2010

Global Economic Outlook

Macro Forecasts: 2011 Outlook

By the RGE Macroeconomics Team Dec 7, 2010

Asia Weekly

Asia/Pacific Central Banks Chart the 2011 Course

By Mikka Pineda, Adam Wolfe, Arpitha Bykere and Michael Manetta Nov 25, 2010

Economic Research

South Korea: Getting Serious About Inflation Expectations

By Arpitha Bykere Nov 25, 2010

Asia Weekly

Shifting Economic Cycle Constrains Monetary Tightening

By Arpitha Bykere, Mikka Pineda and Michael Manetta Nov 11, 2010

Asia Weekly

Blazing Real Estate Markets Call for Regulatory Cooldown

By Arpitha Bykere, Adam Wolfe, Michael Manetta and Mikka Pineda Oct 21, 2010

Asia Weekly

Gradual Slowdown Calls for Policy Normalization

By Arpitha Bykere, Adam Wolfe and Mikka Pineda Oct 7, 2010

Asia Weekly

Weak Growth Outlook Discourages Asian Central Banks From Hasty Moves

By RGE's Asia Analyst Team Sep 23, 2010

Economic Research

September 29 and 30: South Korea Announces Exports, CPI

By Arpitha Bykere Sep 23, 2010

Global Economic Outlook

Global Overview: September 2010 Outlook Update

By Nouriel Roubini, Christian Menegatti and the RGE Macroeconomic Team Sep 10, 2010

Global Economic Outlook

South Korea: September 2010 Outlook Update

By Arpitha Bykere Sep 10, 2010

Asia Weekly

Policy Hits and Misses

By Arpitha Bykere, Adam Wolfe, Michael Manetta and Mikka Pineda Sep 2, 2010

Economic Research

Asia Week Ahead: Growth Concerns Outweigh Inflation Risks

By Arpitha Bykere, Michael Manetta, Mikka Pineda and Adam Wolfe Aug 26, 2010

Economic Research

Asia Week Ahead: Private Demand an Unlikely Antidote for Export Ailments

By Arpitha Bykere, Adam Wolfe, Michael Manetta and Mikka Pineda Aug 5, 2010

Economic Research

Asia Week Ahead: Skidding Exports to Keep Rate Hikes Gradual Despite Inflation

By Arpitha Bykere, Michael Manetta, Mikka Pineda and Rachel Ziemba Jul 29, 2010

Economic Research

Asia Week Ahead: Gradual Monetary Tightening to Continue Despite Signs of Slowdown

By Arpitha Bykere, Mikka Pineda, Michael Manetta and Adam Wolfe Jul 22, 2010

Global Economic Outlook

Asia/Pacific: Q3 2010 Outlook

By Arpitha Bykere Jul 12, 2010

Global Economic Outlook

South Korea: Q3 2010 Outlook

By Arpitha Bykere Jul 12, 2010

Economic Research

Asia Week Ahead: Export Outlook Looks Bright for Commodities, Dim for Manufacturers

By Arpitha Bykere, Mikka Pineda and Rachel Ziemba Jul 8, 2010

Economic Research

With Limited Options, EM Asia Turns to Prudential Measures to Tame Inflows

By Arpitha Bykere and Adam Wolfe Jul 6, 2010

Economic Research

Asia Week Ahead: Central Banks Weigh Tightening With G3 on Hold and Global Growth Slowing

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba Jul 1, 2010

Economic Research

Asia Week Ahead: Vulnerabilities to the EU Are Here to Stay

By Arpitha Bykere and Mikka Pineda Jun 17, 2010

Economic Research

Asia Week Ahead: Signs of Easing Growth Challenge Monetary Policy

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba Jun 3, 2010

Economic Research

Asia Week Ahead: Political Tensions, Easing Growth and Delayed Monetary Tightening

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba May 27, 2010

Global Economic Outlook

South Korea: Q2 2010 Outlook

By Arpitha Bykere Apr 12, 2010

Global Economic Outlook

South Korea: Q1 2010 Outlook

By Hyungyu Kim and Arpitha Bykere Jan 30, 2010

Economic Research

South Korea Economic Outlook, Q4 2009

By Jane Yoon Oct 7, 2009

Economic Research

South Korea Economic Outlook, Q3 2009

By Mikka Pineda Jul 24, 2009

Economic Research

East Asian Bank Sector Reform Since 1997

By Mikka Pineda Jul 22, 2009

Economic Research

South Korea on the Cusp of its Own Credit Crunch?

By Mikka Pineda Dec 11, 2007

Economic Research

Obama Tours Asia with a Full Agenda

By RGE Analysts Nov 18, 2007

EconoMonitors

Geostrategy Channel

KORUS FTA: An Opportunity for Political Consensus Building and Job Creation

Thomas L. Fraser Oct 7, 2011

Geostrategy Channel

Tiger Mothers and the History of the Chinese Examination System

Rick Bookstaber Feb 17, 2011

Asia Channel

Capital Controls Gain Credence

Kavaljit Singh Sep 20, 2010

Geostrategy Channel

Looking Ahead to the Final Chapter of the North Korea Story

Fabius Maximus Aug 6, 2010

RGE Analysts

Asia Market Snapshot: Asian Stocks Fall as China Reaffirms Limiting Property Market Speculation

Ibrahim Gassambe Jul 13, 2010

Asia Channel

Emerging Markets Consider Capital Controls to Regulate Speculative Capital Flows

Kavaljit Singh Jul 8, 2010

Asia Channel

South Korea Imposes Currency Controls for Financial Stability

Kavaljit Singh Jun 16, 2010

Geostrategy Channel

Relations of Two Koreas Are Sinking with the Sunken Warship, What Next?

Hyungyu Kim May 12, 2010

Daily Digest

Analysis

Hunger Pains Test North Korea’s Dynastic Succession

YaleGlobal  Shim Jae Hoon Feb 01, 2012

Analysis

Daily Breakfast Spread "Taiwan GDP; South Korea IP"

DBS Group Research  Feb 01, 2012

News

2nd UPDATE: S Korea Posts First Trade Deficit In 2 Years As Growth Momentum Stalls

Dow Jones Newswires via Morningstar  Feb 01, 2012

News

Consumer Price Index in January 2012

Statistics Korea  Feb 01, 2012

Analysis

South Korea: Business Survey Index (BSI) for January 2012

Bank of Korea  Jan 27, 2012

Analysis

South Korea: Dec industrial activities: Worsening economy, imminent rebound

Korea Investment and Securities  Minkyoo Jun, Eunjung Jin and Chaewon Lee Jan 31, 2012

Analysis

South Korea: The Industrial Activities in December 2011

Statistics Korea  Jan 31, 2012

Analysis

Why Beijing-Seoul Ties So Fraught

The Diplomat  Gilbert Rozman Jan 30, 2012

Blogs

S Korea growth falls

FT - beyondbrics  Josh Noble Jan 26, 2012

Analysis

Kim Jong-un’s regime: facing up to domestic challenges, China and the US

East Asia Forum  Wei Zhijiang Jan 26, 2012

Analysis

The Impacts of North Korea’s Leadership Transition

National Bureau of Asian Research  David Schlangen and Allen Wagner Jan 26, 2012

News

China 'protecting Kim Jong-nam'

The Telegraph  Julian Ryall Jan 24, 2012

Analysis

South Korea's Policy Toward China After President Lee's Visit

CSIS  Jaeho Hwang Jan 19, 2012

News

South Korea Political Test in Lunar New Year

Asia Sentinel  Lee Byong-chul Jan 19, 2012

News

Luxuries Flow Into North Korea

Wall Street Journal  Jeremy Page Jan 17, 2012

Analysis

South Korea: Monetary Policy Decision(January 13, 2011)

Bank of Korea  Jan 13, 2012

Analysis

South Korea: High Inflation Constraining The BoK

UOB Economic-Treasury Research  Ho Woei Che Jan 13, 2012

Analysis

South Korea: Producer Price Index during December 2011

Bank of Korea  Jan 09, 2012

Opinions

South Korea's Political Springtime

Caijing  Lee Byong-chul Jan 09, 2012

News

China, South Korea Taking Lead in New Technologies

Asia Sentinel  Jan 10, 2012

News

North Korea diplomacy picks up in China

Reuters  Jeremy Laurence Jan 10, 2012

Analysis

Cooperation from Strength The United States, China and the South China Sea

Center for a New American Security  Robert D. Kaplan, Ian Storey, M. Taylor Fravel, Peter A. Dutton, Patrick M. Cronin, James R. Holmes and Will Rogers Jan 09, 2012

News

China-South Korea Summit to Focus on Free Trade Accord, North’s Success

Bloomberg  Shinhye Kang and Sangwon Yoon Jan 06, 2012

Analysis

Korea: Geopolitical risks in the shortand medium-term

DBS Group Research  Ma Tieying Jan 05, 2012

News

Seoul between a rock and a hard place over Iran sanctions

The Korea Herald  Song Sang-ho Jan 05, 2012

Analysis

North Korea’s Leadership Transition: Stability rather than Chaos

Chatham House  John Swenson-Wright Jan 04, 2012

Blogs

Asia in 2012

Council on Foreign Relations  Evan A. Feigenbaum Jan 04, 2012

News

South Korea Says 'New Era' Possible for Koreas

The Associated Press  Jan 03, 2012

News

South Korean Voters Focused on Economy

Wall Street Journal  Jan 03, 2012

News

South Korea ups spending to boost economy

Business Live  Jan 03, 2012

Analysis

South Korea: Official Foreign Reserves(December 2011)

Bank of Korea  Jan 03, 2012

Analysis

South Korea: Trade Figures for 2011

Ministry of Knowledge Economy  Jan 03, 2012

News

Foreign IBs predict 3.4 pct growth for S. Korea this year

MK Business News  Jan 03, 2012

News

South Korea Expects Europe Debt Crisis to Slow Exports This Year

Bloomberg Business Week  Eunkyung Seo Jan 01, 2012

News

S. Korea sees foreign demand cooling in 2012

The Star  Jan 03, 2012

News

Foreign reserves fall for 2nd month in December

Korea Times  Jan 03, 2012

News

S. Korea ends 2011 with 4.0 pct annual inflation

MK Business News  Jan 01, 2012

News

President Lee promises to hold down inflation at low 3 pct

MK Business News  Jan 02, 2012

News

Korean current account surplus hits 13-month high

Korea Herald  Jan 03, 2012

News

Retail business sentiment falls for 3Qs straight

MK Business News  Jan 03, 2012

Analysis

Consumer Prices Grow 4.2% in December

SERI   Jan 02, 2012

News

Trade surplus stays at $33.3 billion in 2011

Korea Herald  Jan 01, 2012

Analysis

South Korea: Consumer Survey Index, December 2011

Bank of Korea  Dec 27, 2011

News

South Korean Inflation Above Target May Delay Any Rate Cut

Bloomberg BusinessWeek  Eunkyung Seo Dec 30, 2011

Analysis

South Korea: Consumer Price Index in December 2011

Statistics Korea  Dec 30, 2011

Analysis

Nov leading index rebound: A glimmer of hope

Korea Investment and Securities  Minkyoo Jun, Eunjung Jin and Chaewon Lee Dec 29, 2011

Analysis

South Korea: Business Survey Index (BSI) for December 2011

Bank of Korea  Dec 28, 2011

Analysis

South Korea: Monetary Policy Direction for 2012

Bank of Korea  Dec 29, 2011

Analysis

South Korea: The Industrial Activities in November 2011

Statistics Korea  Dec 29, 2011

Analysis

The Boy Who Would Be King: Can Kim III Last?

National Bureau of Asian Research  Sung-Yoon Lee Dec 29, 2011

Analysis

Economics Markets Strategy - Q1 2012

DBS  Dec 2011

Analysis

After Kim Jong-il: will there be change or continuity in North Korean economic policy?

East Asia Forum  Bradley O. Babson Dec 27, 2011

Blogs

Kim Jong-un Survivability Scorecard: What to Look for

Council on Foreign Relations  Scott A. Snyder Dec 27, 2011

Blogs

Chinese Tourists, We’re OK Thanks to You

WSJ - Korea Real Time  Dec 27, 2011

News

Trade Binds North Korea to China

Wall Street Journal  Jeremy Page Dec 24, 2011

News

S.Korea Nov crude oil imports down 5.2 pct y/y

Reuters  Cho Mee-young Dec 23, 2011

News

N. K.’s economic dependence on China to deepen

Korea Herald  Dec 23, 2011

Analysis

Emerging Trends in Real Estate Asia Pacific 2012

PricewaterhouseCoopers  Dec 2011

Analysis

Emerging Markets Briefer

Danske Bank  Dec 21, 2011

News

S. Korea`s labor productivity rises at slower pace in Q3

MK Business News  Dec 22, 2011

News

Policy makers promote stability

Korea JoongAng Daily  Dec 22, 2011

News

Job market tilted to high school grads

Korea JoongAng Daily  Dec 22, 2011

News

BOK chief says uncertainty and risk are different

MK Business News  Dec 21, 2011

News

Retail market to grow 6.3% in 2012: survey

Korea Times  Dec 22, 2011

News

Korea to pump $11.8 b into resources search in 2012

Korea Herald  Dec 21, 2011

Analysis

North Korea's succession: Goodbye, hello

The Economist  Dec 20, 2011

News

Analysis: The power behind the throne in North Korea

Reuters  Jack Kim Dec 20, 2011

Opinions

China’s Newest Province, North Korea?

New York Times  Victor Cha Dec 19, 2011

News

Unlike 1994, consumers don’t start panic buying

Korea JoongAng Daily  Dec 21, 2011

News

North likely to look more to China

Korea JoongAng Daily  Dec 21, 2011

Analysis

Statistics Release Schedule for 2012

Bank of Korea  Dec 21, 2011

News

Basic Infrastructure Construction Shall Be Accelerated

Bisnis Indonesia  Oleh Agust Supriadi Dec 20, 2011