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1 Sep 21
South Korea is looking to create a “virtuous cycle” of public spending and economic growth, unveiling its 2022 budget which is set to take government debt over 50% of GDP for the first time.
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27 Aug 21
The Bank of Korea has raised its base rate for the first time since the outset of the Covid-19 pandemic, becoming the first central bank to do so among the large Asian economies.
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12 May 21
Historically high debt is set to test South Korea’s fiscal mettle but a strong economy has helped it retain an Aa2 rating with ratings agency Moody’s.
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11 Aug 20
The OECD has warned South Korea against complacency despite the country suffering the least severe recession of its member countries following the Covid-19 outbreak.
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9 Jan 20
South Korea has set a record budget for research and development, with the government hoping to enhance the economy and improve the lives of Koreans.
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6 Aug 19
South Korean president Moon Jae-in has said the country’s economy could overtake Japan’s, citing co-operation with North Korea as a potential driver.
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4 May 18
The Asian Development Bank and The Republic of Korea have agreed to step up efforts to provide more financing and technical assistance to the bank’s developing member countries.
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25 Sep 15
Advanced economies need to take urgent action to reform their health systems in order to address “unsustainable” costs, the Organisation for Economic Co-operation and Development has said.
1 Sep 21South Korea is looking to create a “virtuous cycle” of public spending and economic growth, unveiling its 2022 budget which is set to take government debt over 50% of GDP for the first time.
27 Aug 21The Bank of Korea has raised its base rate for the first time since the outset of the Covid-19 pandemic, becoming the first central bank to do so among the large Asian economies.
9 Jan 20South Korea has set a record budget for research and development, with the government hoping to enhance the economy and improve the lives of Koreans.
4 May 18The Asian Development Bank and The Republic of Korea have agreed to step up efforts to provide more financing and technical assistance to the bank’s developing member countries.
25 Sep 15Advanced economies need to take urgent action to reform their health systems in order to address “unsustainable” costs, the Organisation for Economic Co-operation and Development has said.
