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potential growth rate News

Korea's Economic Future at Risk: Could Face Negative Growth by 2047 Without Major Reforms

Ryan Peterson 08 May, 2025

The Korea Development Institute warns of potential negative economic growth by 2047 due to demographic challenges and low productivity, urging structural reforms and policy adjustm...

Economy

South Korea's Economic Growth Faces Potential Slowdown in 2024, Deputy PM Choi Warns

James Carter 24 Dec, 2024

Deputy PM Choi Sang-mok warns that South Korea's 2024 economic growth may fall below the potential rate of 2.0%, citing risks like slowed exports and political turmoil. The governm...